The direction of the Nigeria equities market for this week seem uncertain, as capital market analysts are of the view that investors will focus on the outcome of the bond auction and the Monetary Policy Committee (MPC). At a time when fresh headwinds have emerged over the health of the global economy and build-up in […]
Category: Nigeria Business
Access Bank Moves to NASD OTC Exchange, Trades Stocks at N9.95
By Adedapo Adesanya Access Bank Plc has become the latest company to sell its securities on the NASD Over-the-Counter (OTC) Securities Exchange. This happened after it completed its transition into a holding company and delisted its entire shares from the daily official list of the Nigerian Exchange (NGX) Limited, relisting under a new parent company […]
Court Orders CBN To Release Mobil’s N82bn To Akwa Ibom Oil Communities
File photo of the Federal High Court in Abuja. Taiwo Taiwo of the Federal High Court Abuja, has granted an order, mandating the Central Bank of Nigeria to release the sum of N81.9 billion standing to the credit of the Nigerian National Petroleum Corporation, and its joint venture partner, Mobil Producing Nigeria Unlimited, in its […]
Oando, Champion Breweries, others dip as market furthers south
Regular Price In 4,125 deals, investors exchanged 214,327,583 shares valued at N1.79 billion. IT’S LEGAL, AUTHORISE AND APROVED BY THE FEDERAL GOVERNMENT OF NIGERIA.Toyota 4Runner: #900,000 Toyota Avalon: #800,000 Toyota Camry: #550,000 Toyota Corolla: #500,000 Toyota FJ Cruiser: #800,000 Toyota Highlander: #800,000 Toyota Matrix: #650,000 Toyota hilux: #850,000 Nissan part finder: #850,000 Nissan Murano: #850,000 […]
Nigeria Exports N14.41trn Crude Oil in 2021—Report
By Adedapo Adesanya Crude oil valued at N14.41 trillion was exported out of Nigeria in 2021, a report by the National Bureau of Statistics (NBS) has said, while the value of Premium Motor Spirit (PMS), also known as petrol, imported into the country in the year increased by 88.2 per cent. In its latest report, […]
Nigerian Stocks: List of Dividends announced in 2022
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these announcements to know who is eligible to collect the dividend, when it will be approved, and when it will be paid. Dividend payment also affects […]
Saudi Central Bank licenses Mobil Pay for finance and payments
The Saudi Central Bank (SAMA) has announced the licensing of a new company, Mobil Pay, for financing and electronic payments. The newly licensed company is now eligible to provide e-wallet payment services in the Kingdom; and thus, bringing the total number of payment companies licensed by SAMA to 17, in addition to eight companies granted […]
Nigeria May Lose $2.84m Daily As Agip Declares Force Majeure On 25,000 Bpd
Nigeria could be losing at least $2.84million per day following a declaration of a Force Majeure by Nigerian Agip Oil Company on oil exports of 25,000 bpd from its Brass Terminal and gas feeds to the Nigeria Liquefied Natural Gas at Bonny. The force majeure also affects the gas supplies to the Okpai Power Plant, […]
Access Bank, NPF Microfinance Bank, Cornerstone Insurance top stocks to watch this week
The Nigerian equity market was down by 0.33 per cent last week as traders’ hunt for yield depressed the main stock index even though there was a couple of strong corporate results that could have put stocks in further advance. This week, promising earnings scorecards are expected from companies like Fidelity Bank, Transcorp and NPF […]
Conoil, Sterling Bank among top gainers as Nigeria’s stock market rebounds from bearish run
Conoil, Sterling Bank among top gainers as Nigeria’s stock market rebounds from bearish run | The Paradise News Investors at the Nigerian stock market went home with a mere N3.97 billion following the rise in equity capitalisation to N25.418 trillion on Wednesday. The figure was N3.97 billion higher than the N25.414 trillion posted by the […]