Cristina Lopez Garcia was excited to buy a house last February. It was an eight-minute drive from her job in the kitchen of a Las Vegas casino and she was confident that she and her husband could afford their new bills. But about a month after they moved in, that financial stability disappeared. The casino Read More…
Tesla Inc on Saturday reported better-than-expected 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year goal during a punishing year for the global auto industry. The company delivered 499,550 vehicles during 2020, above Wall Street estimates of 481,261 vehicles, according to Refinitiv data – but 450 Read More…
* Lekoil shareholders vote in favour of expanding board * Lekoil loses fight against top shareholder Metallon* Ministry of Petroleum warns Lekoil over change in control* Nominated advisor and broker resign in recent months Shareholders of London-listed Nigerian oil company Lekoil voted on Friday to approve an investor’s bid to add three members to the Read More…
The bears dominated trading activities on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation losing N246 billion in six hours of trading. Specifically, the market capitalisation, which opened at N21.224 trillion shed N246 billion to close at N20.978 trillion. Similarly, the NSE All-Share Index decreased by 470.64 points or 1.16 per cent Read More…
The Lagos State Government has indicated a monthly target of N60.318 billion Internally Generated Revenue (IGR) to fund the 2021 budget. Speaking during a media briefing on the Analysis of the Year 2021 Budget at Alausa, Ikeja, the Commissioner for Economic Planning and Budget, Mr Sam Egube, said that the budget size was N1.164 trillion. Read More…
Trading activities on the nation’s bourse advanced further by N66 billion to extend gaining streak to two consecutive sessions. The price rally was driven by gains posted by Seplat and 26 other equities. Specifically, the All-Share Index gained 125.70 points or 0.31 per cent to close at 40,590.85 from 40,465.15 achieved on Wednesday. Also, the Read More…
The First City Monument Bank (FCMB) has named Mrs Yemisi Edun as the Acting Managing Director of the bank in the interim, while Mr Adam Nuru is on leave. This was contained in a statement signed by the FCMB management. “In line with normal corporate practice, Edun is Acting as the Managing Director of FCMB Read More…
The Nigerian Stock Exchange market indicators on Wednesday rebounded by 0.17 per cent amid interests in some banking stocks. The All-Share Index rose by 69.01 points or 0.17 per cent to close at 40,465.15 from 40,396.14 recorded on Tuesday. Also, the market capitalisation which opened at N21.122 trillion inched higher by N36 billion or 0.17 Read More…
The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the said recovery Read More…
The nation’s bourse recorded its first loss in the year on Tuesday, dropping by N393 billion due to renewed profit taking on blue chips. Specifically, the market capitalisation shed N393 billion or 1.83 per cent to close at N21.122 trillion from N21.515 trillion recorded on Monday. Similarly, the All-Share Index lost 751.25 points or 1.83 Read More…
