Juli Plc

Transcorp, Juli, 20 Others Jumpstart Stock Market by 0.13%

March 21, 2024
By Dipo Olowookere The Nigerian Exchange (NGX) Limited rebounded by 0.13 per cent on Thursday, posting its first gain this week after closing in the negative territory for three consecutive trading sessions. The stock market was jumpstarted by an improvement in the share prices of Juli, Transcorp and 20 others, though 29 equities ended on the losers’ table, indicating a
Crude Oil Prices

US Demand Data, Possible Gaza Ceasefire Weaken Oil Prices

March 22, 2024
By Adedapo Adesanya  Oil prices settled slightly lower on Thursday, pressured by weaker US demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza. At the market yesterday, the price of the Brent crude futures fell by 17 cents or 0.2 per cent to $85.78 a barrel, while the US West Texas Intermediate (WTI) crude
naira value

Naira Trades Stronger at N1,453.28/$1 on FX Liquidity Boost

March 22, 2024
By Adedapo Adesanya The Naira pulled a 2.6 per cent or N39.33 appreciation against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, March 21, closing at N1,453.28/$1 versus the previous day’s N1,492.61/$1. The positive outcome for the local currency came as the country recorded a massive boost in its external reserves after it paid off
food concepts

Food Concepts, FrieslandCampina Sink NASD OTC Bourse by 0.29%

March 22, 2024
By Adedapo Adesanya Food Concepts Plc and FrieslandCampina Wamco Nigeria Plc activated a 0.29 per cent loss at the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, March 21. Food Concepts, which owns the food chain, Chicken Republic, saw a 7 Kobo price depreciation to sell at N2.15 per share compared to midweek’s N2.22 per share, and FrieslandCampina Wamco Plc lost
faac allocation

FAAC Distributes N 1.152trn to FG, States, Local Councils for March 2024

March 22, 2024
By Modupe Gbadeyanka About N1.2 trillion, precisely N1.152 trillion, has been allocated to the federal, state and local governments of the federation by the Federation Account Allocation Committee (FAAC). This was from the revenue generated last month by the nation through Electronic Money Transfer Levy (EMTL), Exchange Difference, Value Added Tax (VAT) and others. The money was shared among the

Politics

Nigerian OTC securities exchange

OTC Exchange Rises 1.17% Amid High Trading Volume

May 18, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.2 per cent appreciation on Friday, May 17 amid a large trading activity that saw three price gainers and four price losers. The market capitalisation of the OTC exchange jumped by N19.85 billion during the trading day to N1.720 trillion from N1.700 trillion and the NASD Unlisted Security Index

Travel

Latest

Kano Shines At 2016 Cowbellpedia TV Quiz Show

On a day four states from the north fell in the battle, Master Abdullahi Shuaibu Maje excelled for NTIC Boys High School, Kano, Kano State in the on-going Cowbellpedia Mathematics Television Quiz Show. After two preliminary rounds, Abdullahi picked a semi-final ticket
August 22, 2016

Delegates Arrive For Ondo PDP Guber Primary

By Dipo Olowookere Reports reaching Business Post from Ondo State indicate that the governorship primary of the Peoples Democratic Party (PDP) slated for Monday, August 22, 2016, is about to kick off. Already, delegates to vote in the exercise are beginning to
August 22, 2016

Grundfos For DEWA’s 18th WETEX Exhibition

By Dipo Olowookere All seems to be set for one of the world’s largest annual Water, Energy, Technology and Environment exhibitions (WETEX) which is organized by DEWA (Dubai Electricity & Water Authority). Participants would be expected from over 50 countries. Now in
August 22, 2016

6 States In Financial Crisis Over N32b Deduction

By Dipo Olowookere The decision of the Federal Government to deduct the sum of N32 billion from the monthly allocations of some distressed states in the federation have thrown them into financial mess. A report by Economic Confidential, the economic intelligence magazine,
August 22, 2016

Cisco To Lay Off 5500 Workers

By Dipo Olowookere Not less than 5,500 employees of Cisco Systems Inc will lose their positions in the US-based company, Business Post has learnt. The company disclosed that the affected workers would be asked to go over the next 12 months. It
August 22, 2016

FG Raises Alarm Over Fake Malaria Drug In Circulation

An alarm has been raised by the Federal Government over a fake malaria drugs in circulation and has warned Nigerians to be careful of them. The government said it has confirmed two falsified versions of Quinine Sulphate being sold in the market,
August 22, 2016

NLC Rejects Okorocha’s Farming Policy For Workers

The three-day work and two-day farming for workers policy introduced by the Imo State Governor, Rochas Okorocha, has been kicked against by president of the Nigeria Labour Congress (NLC), Ayuba Wabba. Speaking with the News Agency of Nigeria (NAN) in Abuja on
August 22, 2016

CBN Policy May Push Interest Rates Higher

The lending rates of banks in Nigeria may experience a further push up this week as the Central Bank of Nigeria (CBN) continues its contractionary monetary policy measures. Last week, the apex bank squeezed out about N441.2 billion from the financial system,
August 22, 2016