Business

THE STOCK MARKET LAST WEEK SUFFERED ITS BIGGEST WEEKLY FALL IN EIGHT YEARS WITH INVESTORS LOSING N663 BILLION.  HOWEVER, INVESTMENT ANALYSTS OPINED THAT THE PERFORMANCE OF THE MARKET THIS WEEK WILL BE INFLUENCED BY THE OPPOSING FORCES OF UPTICK IN YIELDS IN THE FIXED INCOME MARKET AND 2020 CORPORATE EARNINGS RELEASES BY QUOTED COMPANIES. THE […]

REVENUE FROM FLIGHT TICKET SALES IN NIGERIA WAS PUT AT $151.09 MILLION IN THE FIRST FOUR MONTHS OF 2020, A 45 PERCENT DROP AS AGAINST $282.36 MILLION GENERATED IN THE SAME QUARTER OF 2019, IT HAS BEEN REVEALED. THE PRESIDENT OF NIGERIAN ASSOCIATION OF TRAVEL AGENCIES (NANTA), SUSAN AKPORIAYE, DISCLOSED THIS YESTERDAY, DURING A BRIEFING […]

MERCURY MARITIME CONCESSION COMPANY LIMITED (MMCC) AND PORT OF ANTWERP ARE COLLABORATING TO BUILD THE PROPOSED $2.9 BILLION ESCRAVOS SEAPORT INDUSTRIAL COMPLEX (ESIC), TO BOOST ECONOMIC AND NATIONAL DEVELOPMENT OF THE NATION, PARTICULARLY, DELTA STATE. SPEAKING AT A BRIEFING IN LAGOS AT THE SAILING CLUB EXHIBITION RACE 2021, THE CHAIRMAN OF MMCC, REAR ADMIRAL ANDREWS […]

THE INTERNATIONAL OIL BENCHMARK, BRENT CRUDE, ROSE MORE THAN TWO PER CENT ON TUESDAY, HITTING A 12-MONTH HIGH AFTER MAJOR CRUDE PRODUCERS SHOWED THEY WERE REINING IN OUTPUT ROUGHLY IN LINE WITH THEIR COMMITMENTS. BRENT CRUDE, AGAINST WHICH NIGERIA’S OIL IS PRICED, WAS UP $1.27, OR 2.3 PER CENT, AT $57.62 A BARREL BY 1320 […]

FLOUR MILLS NIGERIA (FMN) PLC HAS LISTED ITS N29.8 BILLION TRANCHE A AND TRANCHE B BONDS ON THE FLOOR OF THE NIGERIAN STOCK EXCHANGE (NSE). SPEAKING DURING THE CEREMONY/DIGITAL CLOSING GONG CEREMONY AT THE EXCHANGE RECENTLY, THE DIVISIONAL HEAD, LISTINGS BUSINESS, NSE, OLUMIDE BOLUMOLE, NOTED THAT THE EXCHANGE WAS PLEASED TO COMMEMORATE THE LISTING OF […]

THE TOTAL REVENUE GENERATED BY NIGERIA FROM CRUDE OIL AND GAS EXPORTS FROM JANUARY TO SEPTEMBER 2020 TUMBLED BY 1.24BILLON DOLLAR, COMPARED TO THE SAME PERIOD IN 2019. AN ANALYSIS OF DATA OBTAINED FROM THE NIGERIAN NATIONAL PETROLEUM CORPORATION ON MONDAY SHOWED THAT THE COUNTRY EARNED 2.32BILLION DOLLAR FROM OIL AND GAS EXPORTS IN THE […]

THE ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON) HAS REACHED AN ADVANCED STAGE TOWARDS LAUNCHING A MULTIBILLION NAIRA AIRLINE BY POOLING TOGETHER ITS AVIATION ASSETS ESPECIALLY PLANES IN DEBT-RIDDEN ARIK AIR AND AERO CONTACTORS AIRLINES. THE NEW INTERNATIONAL AIRLINE, TO BE NAMED NIGERIA EAGLE, MAY TAKE TO THE SKY WITH AT LEAST 10 PLANES AS EARLY […]

THE CENTRAL BANK OF NIGERIA (CBN) HAS UNVEILED A FRAMEWORK FOR QUICK RESPONSE (QR) CODE PAYMENTS, DIRECTING ALL ISSUERS, ACQUIRERS, SWITCHES, PROCESSORS AND OTHER PARTICIPANTS IN THE COUNTRY TO ENSURE FULL INTEROPERABILITY OF THE SCHEMES. THE CBN STATED THAT THE GUIDELINES WERE IN FURTHERANCE OF ITS MANDATE TO ENSURE THE SAFETY AND STABILITY OF THE […]

THE STOCK MARKET EXTENDED ITS POSITIVE PERFORMANCE YESTERDAY AS THE NIGERIAN STOCK EXCHANGE (NSE) ALL-SHARE INDEX (ASI) ROSE 0.36 PER CENT. THE POSITIVE TREND WAS BUOYED BY GAINS RECORDED BY DANGOTE CEMENT PLC, NASCON ALLIED INDUSTRIES PLC AND AXA MANSARD INSURANCE PLC. ALTHOUGH THERE WERE 27 PRICE GAINERS, THE 20 PRICE LOSERS PARADED BELLWETHERS SUCH […]

ACCESS TO FINANCE, AVAILABILITY OF FOREIGN EXCHANGE (FOREX) AND PUBLIC-PRIVATE PARTNERSHIP (PPP) SEEM TO BE THE PRIORITIES OF STAKEHOLDERS AS THE COUNTRY OPENS FOR BUSINESS THIS NEW YEAR. THESE ARE AMONG THE ISSUES THEY EXPECT INTERVENTIONS FROM BOTH THE COMMERCIAL BANKS AND THE CENTRAL BANK OF NIGERIA (CBN) TO ENHANCE OPERATING ENVIRONMENT. FOR INSTANCE, DR […]


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