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Business

SMEs access funds

Webinar on How MPC Decisions Affect SMEs’ Access to Funds Holds Friday

March 20, 2024
By Modupe Gbadeyanka On Friday, March 22, 2024, some industry experts will discuss how the decisions of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) can affect business owners in the Small and Medium Enterprises (SMEs) in the country. Last month, the central bank raised the Monetary Policy Rate (MPR), which is also known as the
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equity market size

Equity Market Down 0.28% After Investors Sell Off FBN Holdings, Others

March 20, 2024
By Dipo Olowookere The Nigerian equity market depreciated by 0.28 per cent on Wednesday, the third straight trading session this week, as a result of persistent sell-offs. The banking stocks influenced the downfall of the Nigerian Exchange (NGX) Limited today, as investors book profit after days of price appreciation. The Initiates and Secure Electronic Technology were the biggest price decliners
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Crude Oil Export Sales

Crude Oil Falls as US Holds Interest Rates Steady

March 21, 2024
By Adedapo Adesanya  Crude oil fell on Wednesday as the US Federal Reserve held interest rates steady and demand concerns continued to weigh. This weakened the Brent crude futures by $1.43 or 1.64 per cent to $85.95 per barrel and brought down the US West Texas Intermediate (WTI) crude futures by $1.79 or 2.14 per cent to $81.68 per barrel.
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Official FX Market

Naira Now N1,492.61/$1 at Official Market as CBN Clears $7bn FX Backlog

March 21, 2024
By Adedapo Adesanya The Naira appreciated against the US Dollar by 4.4 per cent or N67.96 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, March 20, as the Central Bank of Nigeria (CBN) announced the complete clearance of the valid FX backlog. Yesterday, the local currency was exchanged for the US Dollar at the rate of N1,492.61/$1, in
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11 Plc

11 Plc Triggers 0.46% Loss at OTC Securities Exchange

March 21, 2024
By Adedapo Adesanya 11 Plc, formerly known as Mobil Nigeria Plc, made a 9.52 per cent loss and pulled the NASD Over-the-Counter (OTC) Securities Exchange down by 0.46 per cent on Wednesday, March 20. The bourse’s investors lost N6.63 billion as the market’s valuation wrapped the midweek session at N1.437 trillion compared with the previous day’s N1.443 trillion. Following the
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Politics

unlisted securities exchange

NASD OTC Securities Exchange Drops 0.06%

May 4, 2024
By Adedapo Adesanya Afriland Properties Plc pulled down the NASD Over-the-Counter (OTC) Securities Exchange by 0.06 per cent on Friday, May 3 after its share price went down by 65 Kobo to N11.20 per unit from N11.85 per unit. Business Post reports that the NASD Unlisted Security Index (NSI) fell by 0.65 points to wrap the final session of the
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Travel

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IMD Cloud Completes International Roll Out

Global UK technology company Group IMD is transforming the speed and convenience of video advertising management and distribution through its IMD Cloud platform. The IMD Cloud platform has been fully rolled out internationally and is believed to be the fastest TV and
August 11, 2016

Tincan Island Rakes N130.8bn In 7 Months

At least about N130.8 billion was raked into the coffers of the Federal Government by the Controller Tincan Island Port in seven months. This disclosure was made by the Controller Tincan Island Port, Comptroller Y. U. Bashar when he had a chat
August 10, 2016

I Will Grow NNPC Under My Watch—Baru

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr Maikanti Kachalla Baru, has reinstated his desire to take the organisation to greater heights. Speaking at his maiden town hall meeting with members of staff at the NNPC Towers in Abuja
August 10, 2016

New Militant Group Bombs Oil Facility In Delta

A new militant group, which threatened to blow up oil installations in the Niger Delta region of the country few days ago, has carried out its threat. On Tuesday, the new group, Niger Delta Greenland Justice Mandate (NDGJM), vowed to bomb oil
August 10, 2016

LASG Restates Commitment To Partner Media

The Lagos State Government has expressed its determination to continue to solidify its partnership with media organizations for the progress and development of the state. The State Commissioner for Information and Strategy, Mr Steve Ayorinde made the declaration while on courtesy visit
August 10, 2016

NCC Hosts Consumer Outreach Programme

The Nigerian Communications Commission (NCC) will on Thursday, August 11, 2016, hold a seminar in Benin City, Edo State on consumer protection. This programme, Business Post correspondent gathered, is aimed at educating consumers on their rights and how such can be protected
August 10, 2016

Lagos To Broaden Youth Capacity In Agriculture

Lagos State Government, through the Ministry of Agriculture has restated its commitment to broaden capacity and stimulate the interest of youths in all value chains in the agriculture sector through intensive training and skill acquisition programmes. The Commissioner for Agriculture, Toyin Suarau
August 10, 2016

Onafowote Tasks Civil Servants On Team Work

The Acting General Manager, Lagos State Public Procurement Agency, Mr Fatai Idowu Onafowote has tasked civil servants in the State Public Service on the need to build team work in the course of carrying out their duties. Mr Onafowote gave the charge
August 10, 2016

Lagos Registers Over 6,000 Private Schools

Scepticism has finally given way to trust and confidence as proprietors move to obey the directive of the Lagos State Government that private schools operators should register their institutions irrespective of their accreditation status. The registration records of the State Ministry of
August 10, 2016

LASG Vows To Seize Houses Keeping Criminals

Disturbed by the increasing rate of crime in Lagos State, Governor Akinwunmi Ambode has warned property owners hiding criminals in their buildings risk losing their structures. This decision was reached during the monthly State Security Council Meeting chaired by him. Ambode also
August 10, 2016
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