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oil prices fall

Oil Prices Dip on Surge in US Crude Production, Inflation

March 13, 2024
By Adedapo Adesanya Oil prices dipped on Tuesday, following a higher-than-expected forecast for crude production and bearish economic data in the world’s largest oil producer, the United States. Brent futures went down by 29 cents to sell at $81.92 a barrel and the US West Texas Intermediate (WTI) futures depreciated by 37 cents to quote at $77.56 per barrel. US
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Black Market

Naira Firms to N1,603/$1 at Official Market, N1,602/$1 at Black Market

March 13, 2024
By Adedapo Adesanya The Central Bank of Nigeria (CBN) may have finally achieved its goal of converging the exchange rates of the Naira against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) and the black market based on the latest data obtained by Business Post. On Tuesday, March 12, the exchange rate in the two segments of the
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Detained binance executives

Binance Executives Remain in Detention, Refuse to Name Top Nigerian Users

March 13, 2024
By Aduragbemi Omiyale The two executives of Binance, a cryptocurrency exchange platform, detained by the Nigerian government are yet to be released to rejoin their colleagues and families. About two weeks ago, the Head of Investigations at Binance, Mr Tigran Gambaryan, and the Regional Manager for Africa, Mr Nadeem Anjarwalla, were detained by the Office of the National Security Adviser
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NASD OTC securities exchange

NASD OTC Securities Exchange Loses 0.13%

March 13, 2024
By Adedapo Adesanya Depreciation in the stock prices of three companies on the NASD Over-the-Counter (OTC) Securities Exchange weakened the trading platform by 0.13 per cent on Tuesday, March 12. Data showed that the market capitalisation of the alternative stock exchange fell by N1.85 billion yesterday to close at N1.464 trillion compared with Monday’s closing value of N1.466 trillion and
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crude oil output

Nigeria Fails to Meet OPEC Quota as Output Drops 7.9% to 1.322mbpd

March 13, 2024
By Adedapo Adesanya Nigeria’s crude oil production on a month-on-month basis dropped by 7.9 per cent to 1.322 million barrels per day, barrels per day in February 2024 from 1.427 million barrels per day in January 2024. According to the Organisation of Petroleum Exporting Countries (OPEC), Nigeria was among several countries given a lower target after years of failing to
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Politics

Trading of Stocks

Traders Gain N29bn from Stock Trading Amid Weak Sentiment

May 21, 2024
By Dipo Olowookere Despite the weak sentiment that took over the Nigerian Exchange (NGX) Limited, investors smiled home on Monday as a result of bargain-hunting in MTN Nigeria, Nigerian Breweries and others. The bourse finished the first trading session of the week higher by 0.05 per cent after traders cherry-picked stocks capable of witnessing price appreciation in the coming days.
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Travel

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Ondo PDP Disowns Jimoh Ibrahim

By Dipo Olowookere The Peoples Democratic Party (PDP) in Ondo State has rubbished the party’s parallel governorship primary held in Ibadan, Oyo State on Monday August 29, 2016, by the Ali Modu Sheriff faction, describing the exercise as “a mere scam.” In
August 31, 2016

Hytera Launches Latest DMR Handheld Radio PD98X

By Dipo Olowookere World leading solution provider of Professional Mobile Radio communications, Hytera, has launched its latest DMR (Digital Mobile Radio) handheld PD98X, adding another strong member to its top-notch DMR portfolio. PD98X offers an exceptional audio experience through noise cancellation technology,
August 30, 2016

$4.31b FX Was Sold To Dealers In 2016 Q2—CBN

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has released the economic report for the second quarter of 2016. In the report seen by Business Post, growth in the key monetary aggregates accelerated in the second quarter of 2016. The apex
August 30, 2016

APC Blames Wike, PDP For Ken Atsuete’s Death

***Begs Buhari to intervene By Dipo Olowookere Governor Nyesom Wike of Rivers State and the Peoples Democratic Party (PDP) in the state have been accused of having hands in the death of an activist lawyer, Mr Ken Atsuete, in Port Harcourt, the
August 30, 2016

Chi Ltd Rewards Consumers

By Modupe Gbadeyanka One way for any brand to survive in today’s ever-changing marketplace is to provide real-time, personalized experiences that reach consumers just as they need them. This is because most consumers, in an era of mobile technologies, are now always
August 30, 2016

NBCC, FirstBank Partner To Drive MSME Growth

By Modupe Gbadeyanka A partnership deal has been sealed between First Bank of Nigeria Limited and the Nigerian-British Chamber of Commerce (NBCC) to jointly host a Micro, Small and Medium Enterprises (MSME), workshop, which focuses on the fundamentals of building a sustainable
August 30, 2016

5 Essential Instagram Features Your Brand Should Know

By Adeniyi Ogunfowoke Social media is dynamic. This is why social networks are always coming up with new updates and features. Instagram is not an exception. As one of the biggest online mobile photo-sharing and video-sharing platform in the world with half
August 30, 2016
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