Business

Dollar and Naira bills [Photo credit: NairaFX]

Naira gains marginally against dollar at parallel market

The Pound Sterling and the Euro closed at N458 and N403 respectively.

Nigerian-Stock-Exchange

NSE indices resume with 40 per cent loss amid profit taking

The market capitalisation which opened at N13.606 trillion, lost N54 billion to close at N13.552 trillion against N13.606 trillion on Friday.

Olukayode Pitan, Managing Director of Nigeria’s oldest, largest and the most successful Development Finance Institution, the Bank of Industry

Nigeria’s BOI: What next after N1 trillion asset base

“For the first time in the history of the bank, we surpassed N1 trillion in asset base.”

Central Bank of Nigeria (CBN)

CBN tasks banks on relationship with customers

An official said Nigerian banks and other financial institutions rendering financial services must be transparent and ensure fair treatment of customers.

Mr. Uche Orji (Photo Credit: Ezekiel Oyero)

INTERVIEW: What we are doing in Nigeria’s power sector — NSIA MD

The MD, Uche Orji, says in terms of size, the NSIA is one of the smallest sovereign wealth funds in the world, about 52 out of 56 or so.

NPA Managing Director, Hadiza Bala Usman

NPA appoints General Managers, AGMs

This exercise is coming on the heels of an earlier appointment and redeployment of port nanagers and other senior officials.

Nigeria Stock Exchange (NSE)

NSE indicators up by 0.20 per cent after weeks of downward trend

The market capitalisation appreciated by N20 billion to close at N13.606 trillion from the N13.579 trillion achieved on Thursday.

SEC Releases Registered Commodities Exchange Warehouse Map

The storage facilities are critical to the entire agro commodities value chain

PepsiCo logo

PepsiCo offers $1.7 billion to buy South Africa’s Pioneer Foods

Pioneer Foods, which has brands ranging from drinks to grain products such as Weet-Bix and Liqui-Fruit, exports to more than 80 countries.

Bernard Arnault

Bill Gates loses ‘second richest man’ seat to LVMH’s Bernard Arnault

Gates would have been ranked the richest person, even ahead of Bezos if not for his philanthropic giveaways.

nigerian_stock_exchange

NSE drops to 27,000 mark, amid Seplat losses

The market capitalisation, which opened at N13.666 trillion shed N87 billion or 0.64 per cent to close at N13.579 trillion.

Reps to investigate non-remittance of funds to NSITF

The House says workers would be short-changed if the issue is not addressed.

Oil Cargo

Nigeria to sell 10% of own oil exports to India — NNPC

India is offering a credit line to help revamp Nigeria’s obsolete oil infrastructure.

Mr. Uche Orji (Photo Credit: Ezekiel Oyero)

How Nigeria’s wealth agency invests its capital — MD

The agency received a seed capital of $1.5 billion.

Nigerian Financial Intelligence Unit, NFIU

Nigeria plans clampdown on shell companies

The anti-graft agency says fresh guidelines on administration of shell businesses would be issued before September.

Unity Bank

Unity Bank fined N7 million in 2018

The 2018 sanction was lower when compared to the sanction the bank faced from regulators in the 2017 financial year.

FOREX: CBN intervenes with $210 million

The rate of exchange between the Naira and the U.S. dollars in the BDC segment of the market on Tuesday was N360/$1.

Average price of kerosene increases in June — NBS

The average price per litre paid by consumers increased from N315.91 in May to N316.43 in June.

Christine Lagarde resigns as IMF Chief

Ms Lagarde was recently nominated as President of the European Central Bank.

Oscar Onyema

NSE Inducts 46 dealing clerks

The NSE said it would support the inductees in developing their capacity.

NCC

NCC remits N51.3 billion to Nigerian govt in Q1 2019

The latest data by the NBS showed that the telecoms industry contributed 10.11 per cent to Nigeria’s GDP in the first quarter of 2019.

Nigeria Stock Exchange

Profit taking: Investors net worth drop further by N110 billion on NSE

The All-Share Index which opened at 28,566.79 dipped 225.76 points or 0.79 per cent to close at 28,341.03.

Naira notes used to illustrate market trading

Nigeria inflation falls to 11.22% — lowest in one year

Nigeria’s inflation hit the highest marks in the last 12 months in December 2018 and May 2019.

Officials of Nigeria Immigration Service (Photo Credit: Immigration.gov.ng)

Nigeria Immigration revenue increased 9% in 2018 – NBS

The bureau said this in its “Immigration Statistics of 2018”, obtained from the NBS website on Sunday in Abuja.

Oil rig used to illustrate the story.

How poor disclosure, delayed passage of PIB mar Nigeria’s oil licencing exercise

The integrity and transparency of the exercise continue to generate ripples among stakeholders.