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stock markets investing Invest in Stocks

Investors Gain N273bn from Stock Market at Midweek

March 13, 2024
By Dipo Olowookere The Nigerian stock market showed resilience on Wednesday after it closed in the green territory by 0.47 per cent despite divided attention from the treasury bills market. The Central Bank of Nigeria (CBN) conducted another primary market auction today and the stop rate cleared at 21.12 per cent for the one-year instrument. However, this did not crumble
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brent crude oil

Brent Sells $84 Per Barrel on US Inventory Drops, Supply Disruption

March 14, 2024
By Adedapo Adesanya Brent crude jumped by 2.6 per cent or $2.11 to a four-month high of $84.03 per barrel on Wednesday on a surprise withdrawal in US crude inventories and potential supply disruptions after Ukrainian attacks on Russian refineries. It was the highest level the crude grade had reached since November 6, as the US West Texas Intermediate (WTI)
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Naira 4 Dollar

Naira Falls to N1,615.94/$1 at NAFEM, N1,607/$1 at Parallel Market

March 14, 2024
By Adedapo Adesanya The Naira closed the midweek weaker against the United States Dollar at the Nigerian Autonmous Foreign Exchange Market (NAFEM), which is the official market, and the parallel market. According to data obtained from the FMDQ Securities Exchange, the local currency declined against the greenback on Wednesday by 0.8 per cent or N12.56 to sell for N1,615.94/$1 versus
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Food Concepts Chicken Republic

Food Concepts, Aradel Holdings Weaken Unlisted Securities by 2.23%

March 14, 2024
By Adedapo Adesanya Aradel Holdings Plc and Food Concepts Plc extended the loss at the NASD Over-the-Counter (OTC) Securities Exchange for the third straight day by 2.33 per cent on Wednesday, March 13. Aradel Holdings Plc recorded another drop, this time by N155.20, to sell at N1,789.36 per share compared with the previous day’s N1,944.56 per share and Food Concepts
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Cement Manufacturers

Cement Manufacturers Subjecting Nigerians to Untold Hardship—Reps

March 14, 2024
By Aduragbemi Omiyale The House of Representatives has accused cement manufacturers in the country of subjecting Nigerians to untold hardship over their arbitrary increase in the price of the product. The lower legislative chamber has, therefore, resolved to look into their pricing mechanism, summoning the major cement makers in the country for an explanation. The cement firms in Nigeria were
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Politics

Domestic Gas Supply

Tinubu Predicts 25% Improvement in Gas Supply in Coming Weeks

May 16, 2024
By Adedapo Adesanya  President Bola Tinubu has said Nigeria’s gas supply will grow by 25 per cent in the coming weeks, in line with the renewed hope agenda of the federal government, to utilise Nigeria’s abundant gas resources towards revamping the nation’s industrial growth, and kickstarting its economic prosperity. President Bola Tinubu disclosed this on Wednesday while commissioning three critical
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Travel

Latest

GOtv Rebrands, Unveils New Package

By Modupe Gbadeyanka Leading digital terrestrial payTV platform, GOtv, has changed its look and has also introduced a new package called GOtv Lite. This is coming ahead of its fifth anniversary celebration in October 2016. Unveiling its new look on Tuesday, August
August 26, 2016

Naira Trades Flat At Interbank Market

By Modupe Gbadeyanka Nigeria’s naira interbank lending rate closed around the 20 per cent level on Friday, Reuters is reporting. This is the range it has traded all week because of low liquidity and the Central Bank of Nigeria (CBN)’s cash withdrawal through
August 26, 2016

Naira Hits All-time Low Of 412/Dollar

The Naira, on Friday, August 26, 2016, recorded a record low of 412 to a dollar on the parallel market commonly called the black market. This was due to the continued shortage of dollar in circulation. At the Olugbede Market at Egbeda,
August 26, 2016

Ondo APC Postpones Primary Again

By Dipo Olowookere The All Progressives Congress (APC) in Ondo State has again rescheduled its primary, where flag bearer of the part for the governorship election taking place in the state this year is expected to be elected. Secretary of the party
August 26, 2016

6 Important Vehicle Documents FRSC Will Always Ask You

By FRSC It is very important to have these vehicle documents before you hit the roads to avoid being harassed. Failure to produce these documents could also lead to your car being impounded. See the list below: 1) A valid Driver’s License
August 26, 2016

18,511 INEC Officials For Edo Guber

By Dipo Olowookere The Independent National Electoral Commission (INEC) has said it would deploy about 18,511 officials for the governorship election which holds in Edo State next month. The Commission disclosed that necessary steps are being put in place to ensure a
August 26, 2016

FG Seeks $125m Loan To Tackle Polio Outbreak

By Modupe Gbadeyanka Nigeria would be accessing $125 million World Bank loan to tackle the recent polio outbreak and other health challenges in the country, the Minister of Health, Prof. Isaac Adewole, has disclosed. Prof Adewole told the Senate Committee on Primary
August 26, 2016

Kidnapped Kaduna Lawmaker Regains Freedom

By Dipo Olowookere The member of Kaduna State House of Assembly that was abducted by some gunmen at his residence on Tuesday has been released. The lawmaker, Ibrahim Ismail, regained his freedom on Wednesday, the Kaduna State Police Command spokesman, ASP Aliyu
August 26, 2016

Market Capitalisation Drops By N172b On NSE

Dealings on the Nigerian Stock Exchange (NSE) on Thursday ended on a rather bad note as market capitalisation dipped by N172 billion or 1.79 percent. This was because major stocks traded on the stock exchange recorded price losses. The All-Share Index, which
August 25, 2016
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