Naira to dollar exchange Nigeria’s exchange rate risks surpassing N600/$1 at the unofficial FX market as foreign investors who were paid dividends for the 2021 financial year seek to repatriate their earnings. Naira currently trades at a record high of N588/$1 at the black market, as demand pressure continues to drive the rate higher. Similarly, […]
MRS Oil Nigeria Plc At the end of transactions on the equities sector of the capital market, losses in Cornerstone Insurance, SCOA and MRS dragged the all-share index and market capitalisation by 0.3 per cent to close the week at 47,282.67 and N25, 483 trillion. Cornerstone Insurance shed 21.62 per cent to close at 58 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 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, […]
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