Fakoyejo Olalekan

DMO Says Bank Savings Unattractive, As FG Slashes Bonds Investment To N5,000

Director-General of Debt Management Office (DMO), Patience Oniha, said investing in bonds offered by the Federal Government of Nigeria is more profitable compared to saving with Nigerian banks, as FG slashes investment level down to N5,000. Oniha made this known during the

June 25, 2022

Business·Markets

Stock Market: Top Five Gainers And Losers, As Market Cap Records N46.83 billion

The market capitalisation rose to N27.87 trillion from N27.82 trillion reported on Thursday, after gaining N46.83 billion, due to the 0.16% growth in market share. After trading hours on Friday, the All Share Index appreciated by 86.88 basis points, to close at

June 24, 2022

Business·Currency

Dollar To Naira Exchange Rate, 23 June 2022: Dollar Price Rises In Black Market, As Naira Gains In Official

The Naira regained its strength against the United States currency on Friday at the peer-to-peer, as sellers were willing to trade one dollar for N612.59. This was in contrast to the selling price of N612.85/$1 on Thursday. Meanwhile, in the official exchange

June 24, 2022

Business

FG Implements N10 Tax On Soft Drinks, Others – How It Will Affect You

If you’ve been drinking carbonated sugar drinks and other beverages of late, you will notice the prices of buying these products have risen in supermarkets and local markets, compared to their cost last month. For instance, the cost of buying PET bottle

June 24, 2022

Business

Gov’t Wants To Track Gamblers, Set New Rule For Bet9ja, Sportybet, Others Before Allowing Nigerians Bet

The House of Representatives have moved a motion directing the National Lottery Regulatory Commission (NLRC) to require gambling companies integrate the National Identity Number (NIN) into their gaming business. The lawmakers voted in favour of the decision on Thursday, after Ogun State

June 24, 2022

Business

NFT Price Rises, As Cristiano Ronaldo Set To Sell Cryptoasset

Cryptocurrency exchange, Binance, and Manchester United forward, Cristiano Ronaldo, have signed a multi-year partnership deal to increase the adoption of Nonfungible Token (NFT). Images of the five-time Ballon d’Or winner will be created into NFT collections and sold on Binance NFT platform

June 24, 2022

Business·Oil & Gas

Oando Likely To Delist From Stock Market, As Investors Move To Exit Troubled Oil & Gas Firm

Minority shareholders in Oando have filed a petition demanding for their shares to be acquired by the company or the majority investor in the firm, Ocean and Oil Development Partners Limited (OODP). OODP has 57.37% ownership of Oando, and has agreed to

June 23, 2022

Business

How Tech Disruptions In Nigerian Banks Changed Auditing Processes – MD Nova Merchant Bank, Nath Ude

Managing Director of Nova Merchant Bank, Nath Ude, said technology and the pandemic-induced lockdowns have changed the work models of auditors in the financial sectors, and created a new normal that they must embrace to remain relevant. Ude stated that auditing processes

June 23, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Traders Increase Price To Buy Dollars Across All Forex Market

Naira depreciates across all foreign exchange markets on Wednesday, as the United States government protects its currency against inflation by increasing interest rates. In the official forex market, Investors & Exporters window, it was gathered that the naira depleted in value to

June 23, 2022

Business·Oil & Gas

Oil Price Crashes, As Vladimir Putin Seeks Nigerian Buyers For Russian Oil

Nigeria has become one of the major destinations for Russian oil products, as European Union embargo on Vladimir Putin’s country disrupt Moscow’s supply chains. And in an effort to prevent the restriction from affecting its oil earnings deeply, Russia is looking for

June 23, 2022

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Fakoyejo Olalekan

DMO Says Bank Savings Unattractive, As FG Slashes Bonds Investment To N5,000

Stock Market: Top Five Gainers And Losers, As Market Cap Records N46.83 billion

Dollar To Naira Exchange Rate, 23 June 2022: Dollar Price Rises In Black Market, As Naira Gains In Official

FG Implements N10 Tax On Soft Drinks, Others – How It Will Affect You

Gov’t Wants To Track Gamblers, Set New Rule For Bet9ja, Sportybet, Others Before Allowing Nigerians Bet

NFT Price Rises, As Cristiano Ronaldo Set To Sell Cryptoasset

Oando Likely To Delist From Stock Market, As Investors Move To Exit Troubled Oil & Gas Firm

How Tech Disruptions In Nigerian Banks Changed Auditing Processes – MD Nova Merchant Bank, Nath Ude

Black Market Dollar To Naira Exchange Rate Today: Traders Increase Price To Buy Dollars Across All Forex Market

Oil Price Crashes, As Vladimir Putin Seeks Nigerian Buyers For Russian Oil

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