Negative sentiments continued on the Nigerian Stock Exchange (NSE) on Thursday with the market indices dropping further by 0.25 per cent, amid sell pressure on Tier 1 banks. Specifically, the NSE All-Share Index dropped 87.88 points or 0.25 per cent to close at 34,968.94 compared with 35,056.82 achieved on Wednesday. Accordingly, month-to-fate return declined to Read More…
The Transmission Company of Nigeria (TCN) says it has restored the collapsed electricity grid system across the country. The Acting Managing Director of TCN, Mr Sule Abdulaziz, made this known while addressing newsmen in Abuja on Wednesday. Abdulaziz said the system which collapsed on Sunday evening was restored within 40 minutes of the incident. He Read More…
The nation’s bourse on Wednesday shed its gaining streak due to sell pressure in large capitalised stocks as the All-Share Index recorded the first loss in seven consecutive trading sessions. Consequently, the All-Share Index lost 90.80 points or 0.26 per cent to close at 35,056.82 against 35,147.62 recorded on Tuesday. Also, the market capitalisation which Read More…
Customs officials from around Africa have supported the adoption of continental guidelines to facilitate the free flow of cross-border trade amid the COVID-19 pandemic, the UN Economic Commission for Africa said on Saturday. The decision was taken ahead of the start of trading under the African Continental Free Trade Area (AfCFTA) on 1 January, 2021. Read More…
Emirates customers can now plan their travels and fly with even greater assurance and peace of mind, with the airline’s latest industry-first initiative to provide expanded, multi-risk travel cover on top of its current COVID-19 cover. Provided by Emirates at no additional cost to its customers, and provided by AIG Travel, this cover is the Read More…
The Federal Government generated N416.01 billion as Company Income Tax (CIT), the National Bureau of Statistics (NBS) says. The bureau said this in its “Company Income Tax by Sectors 2015 – Quarter Three (Q3 2020)’’ obtained from its website on Thursday in Abuja. It said that the amount was against N402.03 billion generated in Quarter Read More…
The Nigerian Stock Exchange (NSE) on Thursday sustained positive momentum with a growth of 0.10 per cent. Specifically, the All Share Index inched higher by 34.00 points or 0.10 per cent to close at 34,803.00 from 34,769.00 posted on Wednesday. Similarly, the market capitalisation which opened at N18.166 trillion rose by N18 billion or 0.10 Read More…
OPEC and allies including Russia are leaning towards delaying next year’s planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, three sources close to OPEC+ said. OPEC+ was due to raise output by 2 million barrels per day (bpd) in Read More…
Nigeria is ready to reopen its land borders to trade for the first time in more than a year after closing them to try to stamp out smuggling, the finance minister said on Wednesday. Finance Minister Zainab Ahmed said those involved had learned from the closure and worked together on joint border patrols. “We will Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to address the supply side variables impacting domestic prices.Dr Muda Yusuf, Director-General, LCCI, spoke in an interview with the News Agency of Nigeria (NAN) in reaction to the October 2020 inflation rate. The News Agency of Nigeria (NAN) reports Read More…