Fakoyejo Olalekan

Stock Market: Over N16.14 billion Lost In Five Hours

The stock market closed with the equity capitalisation extending its downward trend with -0.05%, which wiped off N16.14 billion from the bourse, as pessimism tightens grip on investors. Following the dip, the market capitalisation nosedive to N27.79 trillion from N27.81 trillion, trailing

July 6, 2022

Business·Currency

Dollar To Naira Exchange Rate: Cost Of Dollar Rises By N4.25, As Foreign Reserves Up $5.83bn

July 5, 2022 Dollar Rate Update: The cost of naira and dollar exchange reversed to their level in December 2021 following a 0.99% decline in the value of the Nigerian currency after trading in the official market on Tuesday. Nigeria’s legal tender

July 6, 2022

Business·News

Full List: Fidelity Bank Takes Over Kano, Kaduna, Benin DisCos, Appoints New Board Members

Fidelity Bank has taken over three electricity distribution companies (DisCos) in Kano, Benin and Kaduna, and changed the management of the firms over debt. The company temporary takeover will result into a sell off of the shares to private investors, a statement

July 6, 2022

Business

FBN Quest, Investment One, CSL Fail To Make Top Five Stockbroking Firms In Nigeria

FBN Quest Securities Limited, CSL Stockbrokers Limited and Investment One Stockbrokers International Ltd (formerly GTB Securities Limited) failed to make the top five performing stockbroking firms in Nigeria for H1. They ranked below Cardinalstone, Apt Securities, Stanbic IBTC Stockbrokers, Meristem Stockbrokers Limited

July 6, 2022

Business·Oil & Gas

NNPC’s Kyari, CBN’s Emefiele Accused Of Frustrating Fuel Subsidy Investigation

The House of Representatives Speaker, Femi Gbajabiamila, criticised Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, and three others for failing to appear before the lawmakers. Nigeria’s green chamber had summoned Kyari, Minister of State for Petroleum, Timipre

July 6, 2022

Business·Oil & Gas

Crude Oil Price To Hit $45, As US Firms, Citigroup, Goldman Sachs Disagree Over Cost

American banks are divided over the future price of crude oil, as Citigroup and Goldman Sachs issue opposing forecast regarding the commodity that has skyrocketed to $102.9 per barrel globally. Since trading reopened after the global lockdown induced by COVID-19, crude oil

July 5, 2022

Business·Markets

Nigerian Stock Market Loses N110.48 billion On Sell-offs

Over N110.48 billion was lost on Tuesday after the market capitalisation fell to N27.81 trillion from N27.92 trillion, in response to sell off during trading. The equity cap was dragged down by the All Share Index, which depreciated from 51,791.45 ASI to

July 5, 2022

Business·Oil & Gas

Lai Mohammed Reveals Why Buhari Can No Longer Remove Fuel Subsidy

The Nigerian government has revealed why the removal of petrol is impossible at this period, while also disclosing the routes oil thieves are using to steal millions of barrels produced by the country. According to the Minister of Information and Culture, Lai

July 5, 2022

Business·Currency

Dollar To Naira Exchange Rate: Bureau De Change Operators, I&E Sellers Increase Price Of Dollar

July 4, 2022 Forex Update: The value of the United States currency, dollar, grew against the naira on Monday across the official foreign exchange market and the black market, as supply of the greenback falls. The cost of dollar rose by 0.18%

July 5, 2022

Business

FIRS Set New Date For Submission Of Companies’ Income Tax, Excludes VAT, Others

The deadline for the submission of Companies’ Income Tax (CIT) has been extended by the Federal Government tax administrator, Federal Inland Revenue Service (FIRS), as firms struggle to meet initial deadline. FIRS extended the timeframe by two months, sitting the new deadline

July 5, 2022

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Fakoyejo Olalekan

Stock Market: Over N16.14 billion Lost In Five Hours

Dollar To Naira Exchange Rate: Cost Of Dollar Rises By N4.25, As Foreign Reserves Up $5.83bn

Full List: Fidelity Bank Takes Over Kano, Kaduna, Benin DisCos, Appoints New Board Members

FBN Quest, Investment One, CSL Fail To Make Top Five Stockbroking Firms In Nigeria

NNPC’s Kyari, CBN’s Emefiele Accused Of Frustrating Fuel Subsidy Investigation

Crude Oil Price To Hit $45, As US Firms, Citigroup, Goldman Sachs Disagree Over Cost

Nigerian Stock Market Loses N110.48 billion On Sell-offs

Lai Mohammed Reveals Why Buhari Can No Longer Remove Fuel Subsidy

Dollar To Naira Exchange Rate: Bureau De Change Operators, I&E Sellers Increase Price Of Dollar

FIRS Set New Date For Submission Of Companies’ Income Tax, Excludes VAT, Others

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