Oil prices climbed on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption. U.S. West Texas Intermediate crude was at $52.52 a barrel, up 16 cents, or 0.3%. There was no settlement on Monday as U.S. markets were Read More…
The Nigerian stock market opened for the week on Monday with a loss of N40 billion, halting five consecutive days positive run. Speficially, the market capitalisation which opened at N21.530 trillion shed N40 billion to close at N21.490 trillion. Also, the All Share Index which opened at 41,176.14 lost 93.76 points or 0.23 per cent Read More…
Dr Oluleye Adigun, a US-based Nigerian billionaire, has revealed ongoing efforts to invest three billion naira ($6.8million) in Fidelity Bank through shares acquisition. Adigun told the News Agency of Nigeria (NAN) in a telephone interview, on Wednesday, that the acquisition was part of his planned investment in the Nigerian economy, adding that the process of Read More…
The bulls maintained leadership position on the Nigerian Stock Exchange (NSE) on Friday with the All-Share Index crossing 41,000 mark due to gains by bluechips. Specifically, the index which opened at 40,963.14 improved by 213 points or 0.52 per cent to close at 41,176.14. Also, the market capitalisation inched higher by N112 billion or 0.52 Read More…
Vice President Yemi Osinbajo has urged stakeholders in the oil industry to find and agree on cheaper means of producing oil in the country. Osinbajo’s spokesman, Laolu Akande, in a statement on Wednesday in Abuja, said that the vice president spoke at a virtual meeting on the Petroleum Industry Bill (PIB) with stakeholders in the Read More…
Positive sentiments persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index extending growth by 0.11 per cent. Specifically, the All-Share Index improved further by 45.10 points or 0.11 per cent to close at 40, 341.05 against 40, 295.95 achieved on Tuesday. Also, the market capitalisation rose by N24 billion or 0.11 per Read More…
The United Nations (UN) has renewed call for developed nations to fulfill their pledge to provide 100 billion dollars a year for developing countries to support both climate mitigation and adaptation. UN Secretary General António Guterres made the call at the virtual 2021 UN Climate Change Conference Roundtable on Clean Power Transition, according to a Read More…
The Registrar-General, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has said the organisation raked in more than N19 billion as Internally Generated Revenue (IGR) last year. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. According to him, in spite of the COVID-19 pandemic that affected Read More…
Sweeping changes to the global labour market caused by the coronavirus pandemic will likely be permanent, policy makers said on Tuesday, as some industries collapse, others flourish and workers stay home. “I think it would be a fallacy to think we will go back to where we were before,” Philippines central bank Governor Benjamin Diokno Read More…
Trading on the nation’s bourse resumed on Monday on a positive note, following investors’ interest in shares of Zenith Bank, International Breweries (IB) and Flourmill. Speficially, the All-Share Index rose by 30.56 points or 0.08 per cent to close at 40,150.78 from 40,120.22 on Friday. Similarly, the market capitalisation improved by N16 billion or 0.08 Read More…
