News Nigeria

Investors flood Enugu for business opportunities

Ihesiulo Grace 7 May 2018 0

…say state peaceful, secure for investment New set of investors have made presentations to the Enugu State Executive Council (EXCO) on the possibility of establishing business investments in the state in line with the robust investment drive of the Governor Ifeanyi Ugwuanyi

News

Nigeria growth plan: FCTA to complete Idu industrial park

Ihesiulo Grace 18 April 2018 0

The FCT administration says it is ready to transform the Nigerian Economy and make it globally competitive, just as it has assured it has assured investors of its determination to bring early completion of the Industrial Park phase 2 at Idu foreign investment. The FCT Minister, Malam Muhammad Musa Bello gave the assurance Tuesday, at […]

Business Top Stories

Forex transactions hit N15.32tr in 3 months

Ihesiulo Grace 16 April 2018 0

The total transactions value traded in the Foreign Exchange (Forex) market between January and March, 2018, settled at a whopping sum of N15.32 trillion, Investigations by The Daily Times revealed. The forex market, represents a platform in which participants are able to buy, sell, exchange and speculate on currencies, and is made up of banks, […]

Business Top Stories

Naira strengthens at Investors window amid weekly forex injection

Ihesiulo Grace 9 April 2018 0

The Nigerian currency, Naira, at the end of trading activities at the Investors & Exporters Foreign exchange Window (I&E), last week, appreciated against the US Dollar by 0.05 per cent to close at N360.0, amid weekly injections by the Central Bank of Nigeria (CBN). The apex bank during the week under review lifted the Foreign […]

News Nigeria

Land Use Charge: Real estate professionals back new law

Ihesiulo Grace 6 March 2018 0

…Say only 0.076% of 60% property value is payable Coalition of Real Estate Investors and Surveyors, Lagos, has thrown its weight behind the re-enacted Land Use Charge Law, saying after its thorough analysis of the of the LUCL 2018, Owners-Occupiers are expected to pay a token percentage of 0.076% of the value of the assessed […]

Money

Naira strengthens as investors lifted FX market with $10bn

Ihesiulo Grace 5 March 2018 0

The Naira, at the close of trading week strengthened against the US Dollar at the Central Bank of Nigeria (CBN) spot market, Investors & Exporters Foreign Exchange (I&E) FX window and the parallel segment of the forex market, findings by The Daily Times findings has showed. In the first two months of this year, the […]

Business News Top Stories

Investors’ turnover in Forex market hit $4.3bn in 4 weeks

Ihesiulo Grace 26 February 2018 0

.. As CBN injects $531.4m in one week Continuous huge transactions volume recorded in the last four weeks at the Investors and Exporters FX (I&E) window, has boosted the Nigeria’s foreign exchange market with a whopping total turnover of $4.3 billion in the last four weeks, Investigations by The Daily Times revealed. Also, in line […]

Business Capital Market

NSE ASI garners 0.42% as investors sustain repositioning

Ihesiulo Grace 31 January 2018 0

The repositioning effort of investors on the Nigerian equities market was sustained on Tuesday , as demand continues to pitch against supply. Subsequently, the equities market ended positive for the third consecutive trading session, up +0.42 per cent close the day at 44,493.79. The market capitalization also closed higher at N15, 949,697,954,473.97. Investors transacted a

Business Top Stories

Investors’ FX window declares $1.9bn turnover in one week

Ihesiulo Grace 29 January 2018 0

.Records transactions worth $655.7m in a day, highest in 2018 . As CBN boosts FX market with fresh $514.4m Achievements recorded in the Nigeria’s foreign exchange market over the time has been consistently linked to the continuous high turnover at the Investors and Exporters (I&E) FX window, just as it declared a whopping total transactions […]

Capital Market

Equities market sustains bullish run as NSE ASI gains 3.60%

Ihesiulo Grace 11 January 2018 0

…Conoil led gainers’ table, Guinness with 1.76% loss as worst performer The upbeat tempo of the Nigerian equities market was sustained on Wednesday, as optimism continued to drive investors’ sentiments, pitching demand for blue chip stocks against supply. The Nigeria equities market sustained its bullish run for the third consecutive trading session, gaining

Business News

How businesses can survive in Nigeria – Ex perm sec

Ihesiulo Grace 9 January 2018 0

To make the business environment favourable to businessmen and other investors in Nigeria, a call has gone out to the President to see how he can stabilize the price of naira against the Dollars. Ezeogo Jones Udeogu, a retired permanent secretary, from the Commission of Finance, Abia State, one-time Commissioner for Finance and Economic Planning, […]

Business Top Stories

$25.65bn Forex transactions boost investors’ confidence -Investigation

Ihesiulo Grace 8 January 2018 0

The Investors & Exporters (I & E FX) FX window as at close of 2017 recorded a whopping total transactions’ turnover of $25.65 billion in just nine months of operations in 2017, The Daily Times can authoritatively report. Due to low investors’ confidence and foreign exchange scarcity in 2017, the Central Bank of Nigeria (CBN) […]

Capital Market

Investors to pay for e-dividend registration as free deadline elapses

Ihesiulo Grace 3 January 2018 0

The Securities and Exchange Commission (SEC) has announced that the e-dividend registration exercise would continue seamlessly in spite of the expiration of the December 31st 2017 Free Registration deadline. It would be recalled that the e-dividend Free Registration expired on December 31, 2017. Acting Director General of SEC, Dr. Abdul Zubair, who made the announcement

Business

Why 2018 holds great expectations for retail investors

Ihesiulo Grace 2 January 2018 0

As at the close of trade on the floor of the Nigerian Stock Exchange (NSE) for the year ended December 31st, 2017, all but one performing indices of the exchange closed positive year to date (ytd), pointing to expectations of 2018 year. Greater challenges however confront retail investors most of which hinge on long- term […]

Features

Why retail investors shun collective investment scheme

Ihesiulo Grace 24 December 2017 0

Understanding of operating mechanism of Collective Investment Schemes and retail investors’ rights in the scheme, may be attributable as some of the reasons retail greater number of retail investors still shun CIS. Pointer to his emerged recently when, at a stakeholders’ meeting, it was disclosed that investment advisers and fund managers, may out of their […]

Business

Investors, banks, others keen on Ambode’s tourism development programme

Ihesiulo Grace 11 December 2017 0

The drive by the Lagos State Governors, Mr. Akinwunmi Ambode to create a private- sector driven tourism economy has earned the full confidence of multinational companies, notable entrepreneurs’ business owners and managers alike across the state. This was the general consensus at a stakeholders’ review meeting held with sponsors of the Lagos Street Carnival and […]

Business Capital Market

NSE rides into new week strong as investors gain N457bn in one week

Ihesiulo Grace 10 December 2017 0

With barely three weeks of trading activities till the end of the 2017 financial year, the domestic bourse (Nigerian Stock Exchange, NSE) has not relented in its positive performance, as it closed positive for the third consecutive week, with the Market Capitalization appreciating by N345 billion or 3.46 percent to close the week at N13.672 […]

News

2018 holds better deal for Lagos residents, investors -Ambode

Ihesiulo Grace 8 December 2017 0

…Approves N28.8m grants, vehicles to CDCs Lagos State Governor, Mr Akinwunmi Ambode on Thursday joined in the celebration of the grand finale of 2017 Community Day, assuring that the year 2018 would be better for residents and investors in terms of implementation of projects and policies aimed at making life comfortable and easier. Speaking at […]

Business

Global Spectrum Joins NSE

Ihesiulo Grace 29 November 2017 0

….plans to grow profit by 200 per cent in 5 years An integrated oil & gas offshore support vessel services firm with operations in West Africa, was on Monday, November 27, 2017, listed on the trading platform of the Nigerian Stock Exchange (NSE). About 800 million ordinary shares of the company, Global Spectrum Energy Services […]

Business Capital Market

Stock market crashes by N124bn as investor’s book profit

Ihesiulo Grace 14 November 2017 0

Following two consecutive profitable sessions recorded on the equities segment of the Nigerian Stock Exchange, Investors, Tuesday embarked on a profit taking that sent market indices N124bn and 0.96 per cent lower than previous closing figures. The equities market capitalisation fell by N124 billion to close the day at N12.789 trillion. This brought the Year […]