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naira depreciate

Naira Crashes to N752/$1 at Black Market

October 21, 2022
By Dipo Olowookere The Naira crashed to N752/$1 on Friday afternoon at the black market segment of the foreign exchange (forex) market as customers continued to hedge against the devaluation of the local currency. The significant demand for Dollars and the scarcity of foreign currency weakened the Nigerian currency today at the exchange market. In the previous day, the exchange
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Oil Prices fall

Strong Chinese Demand, Weaker Dollar Lift Oil Prices

October 22, 2022
By Adedapo Adesanya Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakened US Dollar outweighed concerns about a global economic downturn and the impact of interest rate rises on fuel use. Brent crude settled at $93.50 a barrel after rising by $1.12 or 1.2 per cent, while the US West Texas Intermediate crude (WTI)
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equity market size

Equity Market Chalks up 0.15% as Academy Press Tops Gainers’ Chart

October 22, 2022
By Dipo Olowookere The Nigerian Exchange (NGX) Limited maintained a positive momentum on Friday as it gained 0.15 per cent at the close of transactions following improvements in the industrial goods and consumer goods sectors. The industrial goods counter chalked up 0.77 per cent, while the consumer goods space appreciated by 0.15 per cent. But the insurance index lost 3.48
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I&E

Amid FX Supply Crunch, Naira Falls at I&E, P2P, Black Market

October 22, 2022
By Adedapo Adesanya The Naira depreciated at against the American Dollar at the Peer-2-Peer (P2P), the black market, and the Investors and Exporters (I&E) windows of the foreign exchange market on Friday, October 21, amid a strain in the supply of FX. This weakened the Nigerian Naira by N2 against the US currency at the P2P window to N758/$1 in
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NDEP

NDEP Shrinks Unlisted Securities Market to N960.88bn

October 22, 2022
By Adedapo Adesanya The total size of the NASD Over-the-Counter (OTC) Securities Exchange shrank by 0.11 per cent or N1.01 billion on Friday to N960.88 billion from the previous day’s N961.89 billion. This contraction was influenced by the decline in the share price of Niger Delta Exploration and Production (NDEP) Plc. The company lost N5.58 to trade at N180.42 per unit
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Politics

Smear Campaign Against Tinuade Sanda

Unmasking the Lies Amidst Smear Campaign Against Tinuade Sanda

April 20, 2024
In a tenure marked by transformative leadership, Dr Tinuade Sanda has steered the Eko Electricity Distribution Company (EKEDC) to unprecedented heights, capturing the attention of stakeholders across Nigeria. Her impact is not only recognized by the federal government but also celebrated through accolades from prestigious organizations such as VANGUARD and AFRISAFE, to mention a few. Driven by excellence, she has
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Travel

Latest

Nestle Lifts Nigerian Stocks by 0.19% to Halt 3-Day Loss

By Modupe Gbadeyanka The three-day bearish run on the trading floor of the Nigerian Stock Exchange (NSE) was halted on Wednesday by Nestle and 15 other stocks. The gains recorded by the 16 equities ensured that the stock market closed 0.19 percent,
September 13, 2017

International Breweries Changes Financial Year End

By Dipo Olowookere The management of International Breweries Plc has announced the change of its financial year end/accounting reference period. The brewery firm, in a statement signed by its Secretary/General Counsel, Mr Muyiwa Ayojimi, said its financial will now end on December
September 13, 2017

Aviation Firm Files $45m Suit Against Diamond Bank

By Dipo Olowookere A $45 million lawsuit has been filed against Diamond Bank by an indigenous aviation Firm, Topbrass Aviation Limited. The suit, marked FHC/L/CS/1488/2017, was filed before a Federal High Court sitting in Lagos and the plaintiff is accusing the lender
September 13, 2017

6 Tips For Driving Safely in the Rain

By Adeniyi Ogunfowoke Driving in the rain can be very stressful and dangerous because it will be very difficult to see the road, and conditions may be terrible. Hence, you have to be extremely careful so that you do not get your
September 13, 2017

22 More Millionaires Emerge in Diamond Xtraordinary Promo

By Dipo Olowookere Twenty-two more millionaires have emerged in the ongoing Diamond Xtraordinary Wins promotion put I place by Diamond Bank Plc to reward its loyal customers. The addition of the 22 new millionaires makes it 35 millionaires already produced by the
September 13, 2017
Fidelity Bank

Fidelity Bank Holds Export Management Programme Sept 25

By Dipo Olowookere One of the financial institutions in Nigeria, Fidelity Bank Plc, has fixed Monday, September 25 to Friday, September 29, 2017 for the fifth stream of its Export Management Programme (EMP). A statement issued by the lender said “EMP 5
September 13, 2017
NASD OTC market

NASD OTC Lists Lighthouse Financial Services Plc

By Dipo Olowookere Investors can now trade the shares of Lighthouse Financial Services Plc on the trading platform of NASD OTC. This is because the company has been admitted to trade its equities on the market platform of NASD Plc. NASD is
September 13, 2017
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