NSE: Investors trade 173.55million shares worth N3.71billion
A total of 173.55 million shares valued at N3.71 billion were traded in 3,082 deals on the Nigerian Stock Exchange (NSE) on Thursday. These were against the 246.91 million shares…
Africa needs structured finance for effective financial trade – Afreximbank
The African Export-Import Bank (Afreximbank) says Africa needs structured finance for effective financial trade to overcome uncertainty and economic difficulty to boost trade in the continent. The bank’s President, Mr…
Dangote Cement, Nestle lead losers’ chart on NSE
Key equities on the Nigerian Stock Exchange (NSE) on Wednesday sustained days of losses with Dangote Cement dropping N13 to close at N210 per share. Nestle followed with N6…
Nigeria, China sign $2bn MoU on cotton value chain
The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah said on Tuesday that Nigeria has signed a Memorandum of Understanding (MoU) with a Chinese firm, on first-ever cotton value…
Naira appreciates against dollar at investors’ window
The Naira on Tuesday appreciated to N363.07 against the dollar at the investors’ window, stronger than N363.11 posted on Monday. The Nigerian currency closed at N306.25 to the dollar…
Leo Stan Ekeh, Zinox boss, may retire in 2021
One of Africa’s leading digital entrepreneur and Chairman of the flourishing Zinox Group, Leo Stan Ekeh, may have decided to quit as CEO of his technology conglomerate by 2021, Political…
FG, states, LGs receive N3.946 trillion in six months
The Federation Accounts Allocation Committee (FAAC) has disbursed N3.946 trillion in the first half of 2018 to Federal, State and Local Governments, the Nigeria Extractive Industries Transparency Initiative (NEITI) quarterly…
FIRS to go after 6,772 billionaire tax defaulters – Fowler
The Federal Inland Revenue Service (FIRS) will soon go after the bank accounts of defaulting taxpayers who are raking in billions in Nigeria and are not paying taxes, FIRS Chairman,…
Banks swallow $7bn bailout funds, Presidential panel to prosecute offenders
The Special Presidential Panel for the Recovery of Public Property is yet to recover the seven billion dollars bailout fund granted commercial banks between 2006 and 2008. The panel Chairman,…
Major blue chips drop price on the Nigerian Stock Exchange
Some major blue chips on the Nigerian Stock Exchange (NSE) on Friday, recorded price depreciation as a result of profit taking by investors. Blue chips generally sell high-quality, widely accepted products…