Business Money

Naira trades flat at N364/$1 for 3 days at unofficial FX market

Ihesiulo Grace 18 January 2018 0

For three consecutive days now, the Nigerian currency, Naira has been trading flat at N364 to the US Dollar at the unofficial foreign exchange market, checks by The Daily Times have revealed. The Naira, on Wednesday also remained unchanged against the two other major foreign currencies, Pound

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

News Nigeria

CBN, RIFAN collaborate to crash price of rice

Ihesiulo Grace 28 December 2017 0

The National President, Rice Farmers Association of Nigeria (RIFAN), Alhaji Aminu Goronyo, has assured Nigerians that the market prices of locally produced rice will soon crash. Goronyo who made this known Wednesday in Abuja, also said that the price of a 50kg bag of locally produced rice would plummet from N18, 000 to between N6,500 […]

News Politics

‎APC hails Ekiti voters for boycotting LG poll

Ihesiulo Grace 24 December 2017 0

The All Progressives Congress (APC) has praised the people, including workers, pensioners, artisans, market women and the youth for refusing to participate in Saturday’s local government election organised by Governor Ayodele Fayose’s faction of PDP in cahoots with the State Independent Electoral Commission (SIEC) composed of members of PDP faction loyal to the

Business Capital Market

Equities market slumps 2.09 per cent in one week

Ihesiulo Grace 18 December 2017 0

Trading activities on the equities market reversed the gains recorded previous weeks as the All Share Index dipped by 2.09 percent to clsoe the week ended 15th December at 38,436.08 points. The performance for the week, was premised on losses in the Banking Index that fell 5.33 per cent, following profit taking in top tier […]

Brands and Marketing

NB: Stella Lager beer enters market

Ihesiulo Grace 15 December 2017 0

Nigerian Breweries Plc, has introduced a new premium lager beer, Stella, to the market. The company said the new beer is rich in its heritage, brewing process and taste. And it is a brand that stands on its own with the kind of appeal the market craves. The launch of Stella Lager beer is part […]

Capital Market

Stakeholders express concern over government’s influence on market

Ihesiulo Grace 7 December 2017 0

Following unfolding developments in the Nigerian capital market, cross section of stakeholders in the nation’s market have expressed concern over government’s interference, as they expressed fear that politicians may have hijacked the nation’s investment haven. Speaking on condition of anonymity, some stakeholder argued that capital market regulatory body hijacked by

Money

Naira loses at parallel market as capital inflows hit $4.2bn in Q3

Ihesiulo Grace 28 November 2017 0

The Naira, on the second trading day of the week suffered a significant setback at the parallel market segment of the foreign exchange market, with closing rates of Pound sterling and the Euro at 480 against 475 traded on Monday and 430 to the Euro, compared to 425 exchanged the same period. This is just […]

Features

CMC building formidable market over increasing challenges

Ihesiulo Grace 21 November 2017 0

The Securities and Exchange Commission (SEC) Capital Market Committee (CMC) has sustained effort at building a formidable market. However, the commission’s effort continues to encounter resistance thereby limiting accomplishments. The commission, through the CMC, has however laid out many good initiatives, such as review of the market laws, e-dividend registration,

Money

Naira drops against major foreign currencies at parallel market

Ihesiulo Grace 20 November 2017 0

…..Worst in two months …..Stables at official FX with $1.15bn NAFEX turnover in one week The Naira, over the weekend, depreciated further at the parallel segment of the foreign exchange market, with closing rate of 366 to the US Dollar, represented the worst in the last two months, as well as recorded significant drop against […]

Anambra Times

With this mammoth support, Obiano’s victory is sure -Akudolu

Ihesiulo Grace 13 November 2017 0

The Vice-President of Amalgamated Market Traders of Anambra State (AMATAS), Chief Gozie Akudolu, said with the massive support enjoyed by Governor Willie Obiano in this campaign is a clear sign that he would be victorious at the November 18, 2017 governorship election. Akudolu said the broad based support enjoyed by Governor Obiano was based on […]

Anambra Times

Nov. guber poll: We want to maintain sanctity of rotation – Onuzulike

Ihesiulo Grace 13 November 2017 0

The chairman of Iron Rod Market Dealers Association, Atani, Ogbaru Local Government Area of Anambra State, Chief Nnaemeka Onuzulike, has said Governor Willie Obiano must be re-elected to maintain the sanctity of rotation principle in the state. He said former Governor of the state, Mr. Pater Obi, who is now pushing Oseloka Obaze, the Peoples […]

Capital Market

Stocks: Sell pressures prevail as market turnover advances by 94.91%

Ihesiulo Grace 9 November 2017 0

Sell Pressure prevailed on the equities’, market on Thursday 9th November, 2017, as the market performance indices closed on red over losses by highly priced equities. The Nigerian Equities Market’s All-Share Index declined by 0.24 per cent, pulling the Year- to- date (YTD) return to 37.87 per cent. The market breadth settled at equilibrium, with […]

Capital Market

Stakeholders seek transparency in demutualization process

Ihesiulo Grace 9 November 2017 0

Stakeholders of the Nigerian capital market have called for transparency in the ongoing demutualization process of the Nigerian Stock Exchange (NSE). The process seeks to transform the exchange into a public company. The stakeholders, who spoke to Daily Times Nigeria, said that the process of demutualizing the exchange plays a major role in determining the […]

Business News

Market Fire: Dangote donates N.5b to Kano traders

Ihesiulo Grace 8 November 2017 0

Succour came the way of the over a thousand hitherto dejected traders affected by the Kano Market fire disasters few months ago as the renowned business mogul, Aliko Dangote made good his promise and donated a whooping some of N500m to rehabilitate the them. Aliko’s donation which came through the Aliko Dangote Foundation, was in […]

Business News

Oil prices to rise above $60 on tightening supply, strong demand

Ihesiulo Grace 27 October 2017 0

Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures, the international benchmark for oil prices, were at 57.84 dollars. U.S. West Texas Intermediate (WTI) crude futures were at 52.03 dollars per barrel. The […]

Health News

NAFDAC impounds fake Eva soap, vegetable oil in Onitsha

Ihesiulo Grace 26 October 2017 0

Angela Onwuzoo As part of efforts to sanitise markets in Nigeria of fake drugs and other regulated products, the National Agency for Food and Drug Administration and Control (NAFDAC), has impounded fake and adulterated products worth over N20m at the Relief and Police Officers Wives Association (POWA) Markets, all in Onitsha, the business hub of […]

Business

Okowa orders revocation of contract for Udu harbour market

Ihesiulo Grace 22 October 2017 0

Nosa Akenzua, Asaba Delta State Governor, Dr. Ifeanyi Okowa has ordered that contract for the construction of Udu Harbour Market be revoked as the contractor had failed to prove its competence. The governor gave the order recently during a town hall meeting he had with the people of Udu, Udu Local Government Area of Delta […]

Tourism

Akwaaba Travel Market organisers set to launch Abuja Jabamah, hotel show

Ihesiulo Grace 20 October 2017 0

Organisers Of Akwaaba Travel Market Lagos, recently announced the launching of a ‘M.I.C.E and Hotel Show’ in the Federal Capital Territory,- “Abuja Jabamah”. After 4 years since the last Abuja BANTABA event, which was later held in Port-Harcourt in March this year, organiser, Mr. Ikechi Uko, says Abuja is ready to host a M.I.C.E and […]

Business Capital Market

Equities market halt downtrend with 0.01% marginal growth

Ihesiulo Grace 19 October 2017 0

Afolabi Adesola A two day down trend recorded previously on the equities market has been halted with a 0.01% growth recorded in the All Share Index (ASI) on Thursday. The ASI rose from a loss of 0.08 per cent recorded on Wednesday to close at 36,645.65 points. The market Capitalisation also improved mildly from N12.613 […]