Activities on the trading floor of the Nigerian Stock Exchange (NSE) maintained a bullish posture on Friday with the market indicators appreciating further by 0.45 per cent. Specifically, the All-Share Index rose by 111.06 points or 0.45 per cent to close at 25,041.40 compared with 24,930.34 achieved on Thursday. Also, the market capitalisation inched higher Read More…
Oil dipped below $45 a barrel, on Friday, on worries that a demand recovery would slow due to a resurgence of coronavirus cases. Although a pledge from OPEC member, Iraq to cut oil output further in August, provided support. The resurgence of infections remains a key issue for the market and demand outlook. Tallies show Read More…
The Nigeria Centre for Disease Control (NCDC) has confirmed 354 new cases of COVID-19 in the country, bringing the total number of COVID-19 infections to 45,244. The NCDC made this known on its official twitter handle on Thursday. The health agency said that three more persons had died from the disease. According to NCDC, 45,244 Read More…
Paul Scholes says Manchester United lack a prolific centre forward and should prioritise a move for Tottenham Hotspur striker, Harry Kane, over Borussia Dortmund winger, Jadon Sancho. United have been heavily linked with a move for the 20-year-old Sancho. But media reports say the club have baulked at Dortmund’s valuation of around 100 million pounds Read More…
The gold price set another new record high on Thursday, reaching $2,064.99 per troy ounce (around 31 grammes) at the London Stock Exchange, the highest price ever recorded. It already set a record on Wednesday, surpassing $2,000. The price rise has been driven largely by economic uncertainty due to the coronavirus pandemic, as investors seek Read More…
The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday advanced by N26 billion to hit N13 trillion mark. Specifically, the market capitalisation closed higher at N13.005 trillion compared with N12.979 trillion recorded on Wednesday. In the same vein, the All-Share which opened at 24,882.04 improved by 48.30 points or 0.19 per cent to Read More…
The Association of Licensed Mobile Payments Operators (ALMPO) on Thursday in Lagos elected Mr Jay Alabraba of PAGATECH, as its new Chairman. Alaraba was elected alongside other officers whose tenure would run from 2020 to 2022. The announcement of Alabraba’s emergence, along with other elected officers, was one of the highlights of the association ’s Read More…
The Nigeria Centre for Disease Control (NCDC) has recorded 457 new cases of the COVID-19, bringing the total number of infections to 44,890. The NCDC made this known on its official twitter handle on Wednesday. According to the health agency, 17 more people had died from the disease. The NCDC said that the 457 new Read More…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol at the old rate of N143 per litre, pending the new directive by the Petroleum Products Pricing Regulatory Agency (PPPRA).The National Public Relations Officer of IPMAN, Alhaji Suleiman Yakubu, said this during an interview with the News Agency of Nigeria Read More…
The volume of shares traded on the Nigerian Stock Exchange (NSE) on Wednesday improved by 148.13 per cent with an exchange of 383.29 million shares worth N3.89 billion in 3,860 deals. This was in contrast with a total of 154.47 million shares valued at N1.46 billion transacted in 4,222 deals on Tuesday. Transactions in the Read More…
