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Trading at the domestic equities market closed positive on Thursday with the market capitalisation increasing by N14 billion due to buying interest in tier 1 banks. The market capitalisation which opened at N20.286 trillion inched higher by N14 billion or 0.07 per cent to close at N20.300 trillion. Also, the All-Share Index grew by 25.80…
April 9, 2021
Dangote Sugar Refinery PLC (DSR) has denied an online publication claiming the company’s involvement in price-fixing and not transparently engaged in any Backward Integration Programme as claimed. “DSR wishes to vehemently refute the allegations and assertions in their entirety as the false allegations are geared at tarnishing the good name and brand of Dangote Sugar…
April 9, 2021
The Nigerian Stock Exchange (NSE) says Mr Oscar Onyema has completed his tenure as its Chief Executive Officer (CEO) after a 10-year period. Mr Olumide Orojimi, NSE Head of Corporate Communications, said in a statement on Tuesday in Lagos, that a closing gong ceremony was held on April 1 to honour Onyema. Also, Otunba Abimbola…
April 7, 2021
As National Debt Profile Hits N32.92trn Nigeria has failed to make the list of countries that benefit from the latest debt service relief initiative of the International Monetary Fund (IMF). The IMF, in a press release on Tuesday, disclosed that it has approved a third tranche grant for debt service relief for 28 countries under…
April 6, 2021
By Tsvetana Paraskova The OPEC+ ministerial meeting is discussing gradual production increases over the next three months, sources say, while the group was still debating as of 11:10 a.m. EDT on Thursday how to proceed with its oil supply management policies. The OPEC+ alliance is reportedly debating raising its oil output by 350,000 bpd in each…
April 2, 2021
Says NIN Database Has Exceeded 51 Million Respite has come the way of many concerned Nigerians as federal government has extended the deadline for linking Subscriber Identification Modules (SIMs) with valid National Identity Numbers (NIN) by four weeks. A statement by Head, Corporate Communications, of the National Identity Management Commission (NIMC), Mr Kayode Adegoke announced…
April 2, 2021
Key market indicators dropped further by 0.57 per cent at the nation’s bourse on Wednesday, on increased profit taking in banking and industrial sectors. The downturn was supported by investors’ portfolio readjustment ahead of first quarter earnings results. Specifically, the All-Share Index declined by 221.98 points or 0.57 per cent to close at 39,045.13, compared…
March 31, 2021
The Deputy President of the Senate (DSP), Senator Ovie Omo-Agege has commended President Muhammadu Buhari on the appointment of Chief Ede Dafinone as a board member of the Nigerian Export-Import Bank (NEXIM). According to Senator Omo-Agege, the appointment demonstrates President Buhari's strong interest in showcasing professionalism. Buhari appointed Dafinone as a board member of NEXIM…
March 31, 2021
Summons Health Minister, Trade Minister, NAFDAC DG Over Breach In Implementation of Backward Integration Policy The Nigerian Senate Committee on Health has summoned the Minister of Health, Dr. Osagie Ehanire, Trade and Industry, Chief Niyi Adebayo and Director General, National Agency for Food and Drug Administration (NAFDAC), Professor Mojisola Adeyeye to appear before it on…
March 31, 2021
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Trading at the domestic equities market closed positive on Thursday with the market capitalisation increasing by N14 billion due to buying interest in tier 1 banks. The market capitalisation which opened at N20.286 trillion inched higher by N14 billion or 0.07 per cent to close at N20.300 trillion. Also, the All-Share Index grew by 25.80…
April 9, 2021
Dangote Sugar Refinery PLC (DSR) has denied an online publication claiming the company’s involvement in price-fixing and not transparently engaged in any Backward Integration Programme as claimed. “DSR wishes to vehemently refute the allegations and assertions in their entirety as the false allegations are geared at tarnishing the good name and brand of Dangote Sugar…
April 9, 2021
The Nigerian Stock Exchange (NSE) says Mr Oscar Onyema has completed his tenure as its Chief Executive Officer (CEO) after a 10-year period. Mr Olumide Orojimi, NSE Head of Corporate Communications, said in a statement on Tuesday in Lagos, that a closing gong ceremony was held on April 1 to honour Onyema. Also, Otunba Abimbola…
April 7, 2021
As National Debt Profile Hits N32.92trn Nigeria has failed to make the list of countries that benefit from the latest debt service relief initiative of the International Monetary Fund (IMF). The IMF, in a press release on Tuesday, disclosed that it has approved a third tranche grant for debt service relief for 28 countries under…
April 6, 2021
By Tsvetana Paraskova The OPEC+ ministerial meeting is discussing gradual production increases over the next three months, sources say, while the group was still debating as of 11:10 a.m. EDT on Thursday how to proceed with its oil supply management policies. The OPEC+ alliance is reportedly debating raising its oil output by 350,000 bpd in each…
April 2, 2021
Says NIN Database Has Exceeded 51 Million Respite has come the way of many concerned Nigerians as federal government has extended the deadline for linking Subscriber Identification Modules (SIMs) with valid National Identity Numbers (NIN) by four weeks. A statement by Head, Corporate Communications, of the National Identity Management Commission (NIMC), Mr Kayode Adegoke announced…
April 2, 2021
Key market indicators dropped further by 0.57 per cent at the nation’s bourse on Wednesday, on increased profit taking in banking and industrial sectors. The downturn was supported by investors’ portfolio readjustment ahead of first quarter earnings results. Specifically, the All-Share Index declined by 221.98 points or 0.57 per cent to close at 39,045.13, compared…
March 31, 2021
The Deputy President of the Senate (DSP), Senator Ovie Omo-Agege has commended President Muhammadu Buhari on the appointment of Chief Ede Dafinone as a board member of the Nigerian Export-Import Bank (NEXIM). According to Senator Omo-Agege, the appointment demonstrates President Buhari's strong interest in showcasing professionalism. Buhari appointed Dafinone as a board member of NEXIM…
March 31, 2021
Summons Health Minister, Trade Minister, NAFDAC DG Over Breach In Implementation of Backward Integration Policy The Nigerian Senate Committee on Health has summoned the Minister of Health, Dr. Osagie Ehanire, Trade and Industry, Chief Niyi Adebayo and Director General, National Agency for Food and Drug Administration (NAFDAC), Professor Mojisola Adeyeye to appear before it on…
March 31, 2021
