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oil prices cancel iran deal

Weaker Greenback, Supply Concerns Support Oil Prices

October 26, 2022
By Adedapo Adesanya Oil prices edged higher on Tuesday, spurred by further support from a weaker US Dollar and supply concerns highlighted by a comment from Saudi Arabia. The US Dollar index fell yesterday, making greenback-denominated oil less expensive for other currency holders and helping to push prices higher. While the Pound Sterling rallied as Mr Rishi Sunak became Britain’s
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Nigerian Currency

Pressure Mounts on Nigerian Currency at FX Windows

October 26, 2022
By Adedapo Adesanya More pressure piled on the Nigerian currency in the various segments of the foreign exchange (FX) market on Tuesday as its value against the United States Dollar further dropped at the close of business. Business Post reports that the Naira had it very rough with the greenback at the black market, the Peer-to-Peer (P2P), and the Investors
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unlisted securities investors

Unlisted Securities Bourse Drops 1.02%

October 26, 2022
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.02 per cent depreciation on the back of bearish price movement in FrieslandCampina WAMCO Nigeria Plc on Tuesday, October 25. This trigger pulled by FrieslandCampina reduced the market capitalisation of the unlisted securities bourse by N9.77 billion to N951.11 billion from N960.88 billion. In the same vein, the NASD
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crude oil theft

NPA MD Reveals How Oil Theft Occurs Undetected

October 26, 2022
By Adedapo Adesanya The Managing Director of the Nigerian Ports Authority (NPA), Mr Mohammed Bello-Koko, has explained that rogue vessels engaged in crude oil theft on Nigerian waters go undetected because they turn off their Automatic Identification System (AIS). Mr Bello-Koko made this revelation as he briefed State House correspondents on Tuesday in Abuja, saying such ships evade arrest because
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Politics

Jumia EasyBuy

Jumia Nigeria Partners EasyBuy for Buy Now Pay Later Service

May 17, 2024
By Modupe Gbadeyanka A new service has been introduced by the leading e-commerce platform in Nigeria, Jumia, made possible with a partnership with EasyBuy. The new offering is Buy Now Pay Later (BNPL), allowing consumers across Nigeria to buy their desired products and make flexible payments over a time. A statement from Jumia disclosed that with this collaboration, consumers will
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Travel

Latest

Code9Help Mobile App Enters Nigeria to Fight Crime

By Dipo Olowookere A mobile app designed to guarantee personal help and safety in times of crime or emergency called Code9Help has been released in Nigeria. The new mobile app, which helps in tackling the wave of crime, was developed in the
October 2, 2017
GE Healthcare

GE Healthcare to Invest in Rx Healthcare Fund

By Dipo Olowookere An Africa-focused healthcare private equity fund currently, Rx Healthcare Fund, has announced having GE Healthcare as its anchor limited partner. GE Healthcare is a leading global provider of transformational medical technologies and services, and its proposed minority investment in
October 2, 2017

OBJ, Tinubu, Others for Oluwo’s 50th Birthday

By Dipo Olowookere All is set for the 50th birthday of the Oluwo of Iwo land in Osun State, Oba Abdul-Rasheed Adewale Akanbi, Telu I. The monarch is rolling out drums to celebrate the milestone birthday and he has called on indigenes
October 2, 2017

UBA Sets Aside N1m for National Essay Competition Winner

By Dipo Olowookere The sum of N1 million has been set aside for winner of the 2017 National Essay Competition organised by UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc. At a well-attended press conference
October 1, 2017
Treasury Bills CBN Sold

CBN Sells N53b Treasury Bills Via Secondary Markets

By Cowry Asset In the just concluded week, the Central Bank of Nigeria (CBN) sold treasury bills via the secondary markets totalling N59.13 billion. A breakdown of the sale revealed that 178-day bills worth N55.01 billion and 184-day bills worth N4.12 billion
October 1, 2017
naira depreciate

Naira Soars Across Market Segments on $195m CBN Intervention

By Cowry Asset In the just concluded week, though the interbank market (NIFEX) and I&E FX Windows exchange rates remained unchanged at N330/$ and N360.4/$ respectively, the Naira appreciated week-on-week (w-o-w) at the Bureau De Change and parallel market segments by 0.28
September 30, 2017

Excitement As Nigerian Breweries Lights Up Beer Festival

By Dipo Olowookere Activities at the stand of Nigerian Breweries considerably scaled up the fun and excitement at the on-going maiden edition of the Nigeria Beer Festival in Lagos. The company, which is the foremost brewer in Nigeria, revved up the atmosphere
September 30, 2017
cbn benchmark interest rates

CBN Denies Overfunding FG

By Dipo Olowookere Central Bank of Nigeria (CBN) has reacted to a recent report by an online newspaper, Premium Times, that it was over-funding the Federal Government. Governor of the apex bank, Mr Godwin Emefiele, while addressing newsmen in Abuja after the
September 30, 2017

Nigerian Among Africa’s Leading Architects

By Dipo Olowookere At a gala awards ceremony held on the rooftop of the Zeitz MOCAA in Cape Town, the inaugural Grand Prix and Category Winners of the Africa Architecture Awards were announced on the evening of Thursday, September 28, 2017. Over
September 30, 2017
police-kidnap-syndicate

Nigeria at 57: IGP Orders Watertight Security Nationwide

By Dipo Olowookere As Nigeria celebrates her 57th independence celebration on Sunday, October 1, 2017 (tomorrow), the Inspector General of Police (IGP), Mr Ibrahim Idris, has directed that a robust and elaborate security arrangement be implemented to ensure a hitch free and
September 30, 2017
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