Saturday, March 15, 2025
In the first quarter (Q1) ended March, 2024 only ten Nigerian stockbroking firms traded equities worth N309.9billion which represents 57.43 percent of the total value of stocks traded on the Bourse in the review period. United Capital Securities Limited led the league, accounting for equities deals worth N80.355billion or 14.89percent. […]
Employment declined for the second straight month as business activity in Nigeria was unchanged last month, according to the latest Purchasing Managers’ Index (PMI). The latest monthly PMI by Stanbic IBTC Bank released on Tuesday showed the headline index remained unchanged at 51.0 in March from 51.0 in the previous month. Readings above […]
The foreign exchange (FX) resumed on Tuesday after the Easter holiday with the Naira appreciating to 1,238.3 as Bureau De Change (BDC) operators bought at N1,220 per dollar, cash and transfer to customers at N1,265/$. The Naira appreciated further to 1,225 per dollar on the parallel market, also known as […]
Crude oil prices, on Monday, increased to a five-month high. Brent crude increased by 0.56 percent to $87.54 a barrel while US West Texas Intermediate (WTI) crude rose 0.79 percent, to $83.83 percent, at 20.00 WAT. Consequently, the development puts both crude benchmarks on track for their highest closes since October […]
The Chief Executive Officer (CEO) of Air Peace Airlines, Mr. Allen Onyema, yesterday, disclosed that the airline was planning to begin flights to New York and Houston by the end of 2024. Onyema, who was a guest on ‘The Morning Show’ on ARISE News Channel, spoke on the backdrop of the airline’s […]
The 650,000 barrels per day Dangote Petroleum Refinery has pegged a minimum of one million litres of Automotive Gas Oil (AGO) diesel per marketer as it is set to commence sales of the product today, The Nation learnt. Independent Petroleum Marketers Association of Nigeria (IPMAN) National President, Alhaji Abubakar Maigandi, […]
As the cement price continues to defy manufacturers-government agreement and presidential directive to the producers to bring down their price, experts and real estate operators are suggesting recipes that could drag down the price from the high horse where it is to an affordable level. As against the manufacturers and […]
The Central Bank of Nigeria (CBN) last week announced an upward review of the minimum capital requirement for commercial, merchant, and non-interest banks in Nigeria. According to Ayodeji Ebo, managing director/CBO, Optimus by Afrinvest,the banking sector recapitalisation programme is a regulatory initiative of the CBN that requires banks to increase their […]
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced a new base price for natural gas at $2.42 per Million British Thermal Unit (MMBTU) for power sector and $2.92 for commercial users. Farouk Ahmed, the chief Executive of the Authority, in a letter sighted by BusinessDay, explained that […]
In a significant policy shift, the Japanese government unveiled plans to welcome up to 820,000 foreign workers in the transportation and logistics sectors over the next five years. This ambitious target marks a more than two-fold increase from previous estimates and aims to tackle a critical labor shortage plaguing these […]