Local Investors lose N208bn as stock market declines further March 3, 2020 Ekemini The equities market on Monday extended downward trend to seven consecutive trading days as investors continued to sell-down amidst the fear of coronavirus pandemic. Consequently, the market breadth closed negative,…
Local International Breweries records 100% Rights issue subscription, raises N165bn March 2, 2020 Ekemini INTERNATIONAL Breweries Plc has recorded 100 percent subscription in its recently concluded Rights Issue. The company raised N165 billion on the sale of 18.3 billion units of ordinary shares of…
World 10-year Treasury yield drops to another record below 1.04% as historic fall in yields continues March 2, 2020 akintunde The 10-year Treasury yield dropped to another record low on Monday below 1.04% as the historic decline in yields continued amid the coronavirus outbreak and Wall Street calls for Federal…
Business Local CBN Reports Slow Economic Activities In February March 2, 2020 Ekemini Business activity, production level, new orders, supplier delivery time, employment level and raw materials inventories grew at a slower rate in February 2020. The Central Bank of Nigeria’ Statistics Department…
Local Naira falls N413 to dollar at forward market March 2, 2020 Ekemini The naira on Friday depreciated past N400 to dollar at the forward market after Nigeria recorded its first case of coronavirus. The naira was priced much weaker at N413.55 to…
World Forex: Turnover in I&E up by 46% to $8.2bn in Feb March 2, 2020 Ekemini THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market grew by 46 per cent, month-on-month, to $8.2 billion in February…
Local Stock market down by 4.28%, highest in 47 weeks March 2, 2020 Ekemini Nigerian stocks suffered the highest weekly loss since April 2019 as sell pressure dominated market activities on increasing regulatory pressures and the first case of the Coronavirus confirmed in the…
Local FG policies on palm oil industry fail March 2, 2020 Ekemini THERE are indications that the government’s policies on palm oil industry have failed with leading companies in the industry recording significant declines in revenue despite massive government incentives. It will…
Banking Local Fidelity Bank rewards customers with N68m in GAIM 4 March 2, 2020 Ekemini FIDELITY Bank said it has so far rewarded its customers with N68 million in its ongoing Get Alert in Millions (GAIM) promo season 4. Meanwhile, the customers of the bank…
Local It’s unpatriotic to sell rice above N15,000 – Minister March 2, 2020 Ekemini The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has said it is unpatriotic for rice producers to sell a bag of rice at above N15,000. Nanono said that…
Banking Coronation Merchant Bank, IFC partner on N14.4bn facility March 2, 2020 Ekemini Coronation Merchant Bank said it partnered with International Finance Corporation to launch an N14.4bn Trade Finance Guarantee facility to boost financing for local businesses and enhance inter-continental trade. A statement…
Banking Firstbank wins 2019 oil and gas banker award March 2, 2020 Ekemini FIRST Bank of Nigeria Limited was recently presented with the Oil and Gas Banker of the Year 2019 award at the Patrons’ Dinner and Industry Awards of the Nigeria International…
