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…
Business
OPINION: Investing in digital agriculture can help Africa beat this pandemic
by Ban Ki-moon & Patrick Verkooijen | Global Center on Adaptation Picture above credit: A farm worker manually irrigates a salad field, amid the outbreak of the coronavirus disease (COVID-19), in Thies, Senegal, June 3, 2020. REUTERS/Zohra Bensemra We need to bridge Africa’s data gap to strengthen food, health and economic security, and overcome a Read More…
Nigeria stock market loses N70bn, amid losses by blue chips
The nation’s bourse returned to negative territory on Tuesday with the market capitalisation shedding N70 billion due to losses by some blue chips. The market capitalisation was down 0.54 per cent to close at N12.858 trillion compared with N12. 928 trillion on Monday. Also, the All-Share Index (ASI) dipped 133.45 points or 0.54 per cent Read More…
Tanker drivers embark on strike to protest obstruction to tank farms
Tanker drivers, on Tuesday, embarked on strike owing to what they said were unfavorable conditions affecting their operations in the state. Mr Tayo Aboyeji, Chairman, National Union of Petroleum and Natural Gas Workers (NUPENG), Lagos zonal council, told the News Agency of Nigeria (NAN) in Lagos that all the tanker drivers had been turned back Read More…
FG plans to train Nigerians on art of making Gold Jewellery
The Federal Government says it is making plans with foreign experts to train some Nigerians in the art of Gold Jewellery making. Mr Olamilekan Adegbite, Minister of Mines and Steel Development, made this known while briefing newsmen on the recently launched Presidential Artisanal Gold Mining Development Initiative (PAGMI) on Tuesday in Abuja. PAGMI is a Read More…
Bureau De Change Chief provides answer to fall of the Naira
The Association of Bureau De Change Operators of Nigeria (ABCON) has said that the reopening of the BDC window for foreign exchange, among others, would crash the prevailing spike in the exchange rate. Alhaji Aminu Gwadabe, President, ABCON, said this while speaking to the News Agency of Nigeria (NAN) on Sunday in Lagos. “The immediate Read More…
NSE market capitalisation up by N177bn on Dangote Cement gain
Picture above credit: A Dangote Cement Plc logo stands on a barrier at the under-construction Dangote Industries Ltd. oil refinery and fertilizer plant site in the Ibeju Lekki district, outside of Lagos, Nigeria, on Thursday, July 5, 2018. The $10 billion refinery, set to be one of the worlds largest and process 650,000 barrels of Read More…
FIRS clarifies stamp duty rates, others
Picture above credit: The Marina Stretch in Lagos island has some of the tallest buildings in Nigeria, one of which is the Union Bank building shown in the photo. Photography: Bobby Azuka-Okocha/9mobile The Federal Inland Revenue Service (FIRS) has published detailed information to guide taxpayers and the general public on rates payable as stamp duty. Read More…
NSE sustains negative sentiment, ASI down 0.39%
Picture above credit: Aerial photo of Lagos Island Nigeria, Nigeria’s commercial hub. Photograph: Tayvay/Shutterstock.com Activities on the Nigerian Stock Exchange (NSE) on Tuesday maintained negative sentiment, with the All-Share Index (ASI) declining further by 0.39 per cent. Specifically, ASI, which opened at 24,269.58, dipped 95.13 points to close at 24,174.45. Similarly, the market capitalisation shed Read More…
Senate says no plan to reverse privatisation of power sector
Sen. Gabriel Suswan, the Chairman Senate Committee on Power says the senate has no plans to reverse the privatisation of the power sector. Suswan made this known in Abuja during the committee’s oversight visit to some government structures being occupied by the Abuja Electricity Distribution Company (AEDC). According to him, the senate is not pushing Read More…