Business Headlines

Foreign Stocks: SEC sets to register, Monitor brokers to ensure transparency

Ihesiulo Grace 9 May 2021 0

PHILIP CLEMENT, ABUJA The Securities and Exchange Commission is set to register and actively monitor brokers selling stocks for foreign companies in furtherance of its mandate of ensuring investor protection and market transparency especially for retail investors. This was disclosed by

News

Nigerian govt to borrow from foreign debt markets

Ihesiulo Grace 9 April 2021 0

Following a suspension in 2020 due to the pandemic, the Federal Government has announced plans to re-enter the international debt market this year. Patience Oniha, the Director-General of the Debt Management Office (DMO), revealed this during a Reuters interview on Wednesday, April 7, 2021. According to her, the country will issue Eurobonds in 2021, with […]

News

Association directs traders to obey Covid guidelines at markets

Ihesiulo Grace 30 January 2021 0

The Market Traders’ Association of Nigeria (MATAN) has directed its members across the country to comply strictly with the recent presidential directive on COVID-19 guidelines to reduce the spread of the virus at markets. The association’s National President, Mr. Jamilu Abbas, gave the directive on the sideline of the inauguration of the Lagos State caretaker […]

News

NSE market capitalisation inches higher by N199bn

Ihesiulo Grace 16 December 2020 0

Nigerian equities on Tuesday, extended positive momentum with the market capitalisation increasing further by N199 billion, as investors stepped up bargain-hunting ahead of 2021. Specifically, the market capitalisation rose by N199 billion or 1.09 per cent to close at N18.410 trillion compared with N18.211 trillion achieved on Monday. Also, the All-Share Index gained

News

NSE: Market capitalisation rises N77bn, amid renewed interest in blue chips

Ihesiulo Grace 8 April 2020 0

Lagos – The Nigerian equities market maintined upward trend on Wednesday with the market capitalisation growing further by N77 billion following renewed interest in high capitalised stocks. The market capitalisation which opened at N10.905 trillion rose by N77 billion or 0.71 per cent to close at N10.982 trillion. Similarly, the All-Share Index increased by 148.07

News

Man slumps, dies in Warri market

Ihesiulo Grace 8 April 2020 0

Warri (Delta) – The Police Command in Delta, on Wednesday confirmed the death of a middle-aged man in Igbudu Market in Warri South Local Government Area of the state. The Commissioner of Police (CP), Hafiz Inuwa, who confirmed the incident said that the deceased slumped and died on Tuesday in the market in the popular […]

News

COVID-19: Oyo govt to fumigate markets

Ihesiulo Grace 4 April 2020 0

Oyo State Government says it has concluded arrangements to fumigate markets spread across the state. Prof. Temitope Alonge, Acting Chairman of the state COVID-19 Task Force, said in a statement that the exact date of the exercise would be communicated through the heads of markets. According to him, the decontamination would be carried out using […]

News

Enugu govt. orders closure of popular Ogbette Market

Ihesiulo Grace 1 April 2020 0

Enugu – Enugu State Government has announced the closure of popular Ogbete Main Market in Enugu metropolis following health concerns. A statement on Wednesday by the Commissioner for Information, Mr Chidi Aroh, said the decision to shut the market was a fallout of Gov. Ifeanyi Ugwuanyi’s visit to the area. Aroh said the governor had […]

Business

Nigeria equities market, other African bourses raise $16.9bn in IPOs

Ihesiulo Grace 9 March 2020 0

The Nigerian Stock Exchange (NSE) and other exchanges in Africa raised a total of $16.9 billion from initial price offerings (IPOs) by companies going public on them in 2019. The 2019 record was accompanied by the lowest volume in IPO activity over the past ten years, recording a decline of 47 per cent compared to […]

Foreign

Trump angry over market decline as coronavirus response criticized

Ihesiulo Grace 27 February 2020 0

US President Donald Trump on Wednesday lashed out at the media for making the new coronavirus “look as bad as possible,” as his administration drew ire over response plans to an outbreak in the United States that health officials say is inevitable. Critical cable news channels like CNN “are doing everything possible to make the […]

Business

NSE: Market indicators sustain downtrend by 0.02%

Ihesiulo Grace 22 January 2020 0

The Nigerian equities market sustained negative trend on Wednesday with the market indices dropping marginally by 0.02 per cent. Speficially, the All-Share Index dipped 4.55 points or 0.02 per cent to close at 29,458.21 compared with 29,462.76 recorded on Tuesday. Similarly, the market capitalisation lost three billion naira or 0.02 per cent to close at […]

Business

Market capitalisation crosses N13trn mark on Friday

Ihesiulo Grace 4 January 2020 0

Lagos – The market capitalisation of the Nigerian Stock Exchange (NSE) on Friday sustained a positive trend, crossing to N13 trillion mark on the second trading day of 2020. Specifically, the market capitalisation rose by N49 billion to close at N13. 019 trillion against N12. 970 trillion on Thursday. Similarly, the NSE All Share index […]

News

Market management urges traders to embrace FG’s solar power project

Ihesiulo Grace 24 October 2019 0

Kano – The Management of Abubakar Rimi Market, Sabon Gari Kano, has called on traders in the market to embrace the Federal Government’s gesture of providing Solar power to the entire market. The Managing Director of the market, Alhaji Uba Yakasai, made the call while addressing newsmen in Kano on Wednesday. He said the call […]

Crime

Police nab vehicle accessories vandal, receivers

Ihesiulo Grace 20 October 2019 0

A cart pusher suspected to have vandalised a truck, and two receivers, were arrested last Friday by the Operatives of Rapid Response Squad (RRS), Lagos State Police Command. The suspected vandal, Sunday Ogbonna, 27, was arrested around Toyota Bus Stop, Oshodi, Lagos, at dawn. Recovered from his cart were a radiator, two heavy-duty batteries and […]

News

Forex intervention: CBN injects $325.5m into retail market

Ihesiulo Grace 19 October 2019 0

Abuja – The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short tenored forwards segment of the inter-bank foreign market. The bank’s Director, Corporate Communications, Mr Isaac Okorafor made this known in a statement in Abuja on Friday. Okorafor explained

News

CBN lifts Forex market with fresh injection of $210m

Ihesiulo Grace 14 November 2018 0

The Central Bank of Nigeria (CBN) in its latest round of intervention, has injected the sum of $210 million in the inter-bank foreign exchange market. Figures obtained from the CBN on Tuesday indicated that the authorized dealers in the wholesale segment of the market received the sum of $100 million while the Small and Medium […]

Business Headlines

Forex, T.bills, others record N115.7trn turnover in 8 months

Ihesiulo Grace 2 October 2018 0

…Account for 76. 99% of total market proceeds …Investors trade $1.25bn FX in 5 days The total transactions turnover for the January to August 2018 period amounted to N115.68 trillion, as trading activities in Treasury bills (T.bills) and Foreign exchange contributed the largest to overall turnover, accounting for 76.99 per cent of the market, latest […]

Business Headlines

2019 Uncertainty: Low interest on bonds, others scare investors

Ihesiulo Grace 27 August 2018 0

…Investors FX window records turnover of $744m in 3 days …External reserves shed $244. 4m in one week Uncertainty surrounding 2019 elections, coupled with security concerns in different parts of the country and low interest rates on Federal Government (FGN) bonds, have all been linked to reasons investors are holding back their investments in the […]

Business

CBN pumps $210m to forex market

Ihesiulo Grace 9 May 2018 0

The Central Bank of Nigeria (CBN) has pumped $210 into the market to boost the inter-bank Foreign Exchange. The Bank again on Tuesday offered the sum of $100 million to authorized dealers in the wholesale segment of the market. The Small and Medium Scale Enterprises (SMEs) segment received the sum of $55 million while the […]

Food & Nutrition

How the recession affected the cost of feeding in Nigeria

Ihesiulo Grace 28 March 2018 0

The trend in the hike of food prices in Nigeria, has made a lot of consumers settle for smaller brands The present pattern demonstrates that as the purchasing power of Nigerians is diminishing, a beam of light is that in spite of the fact that the costs of items they look to buy are ceaselessly […]