Fakoyejo Olalekan

Market Women, Small Businesses Sacrifice Earnings For Obi, Atiku, Tinubu

“So Alagbole can be this dry,” is what a customer said out loud on Saturday afternoon when she visited the Alagbole market, hoping to make a purchase. Alagbole bus-stop, located in the area of Ifo Local Government, Ogun State, is a congested

February 25, 2023

Business·Markets

Investors Ignore Election Tension, Trade N2.50 billion Stocks

Nigerian stock market closed with N164.96 billion gain on Friday, 24 February 2023, indicating high confidence in the bourse despite the presidential election tensions in the country. The gain translates to a 0.55 per cent increase in the equity market capitalisation, having

February 24, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

The exchange rate between the Dollar and the Naira depreciated by –0.05 per cent on Thursday, 23 February 2023, the FMDQ Securities disclosed. According to data obtained from FMDQ, which monitors the dollar rate in the official market, it was noted that

February 24, 2023

Business·Oil & Gas

Cooking Gas Price In Nigeria Rose By 38.63%, New NBS Report Reveals

The price of 12.5kg cooking gas jumped by 38.63 per cent year-on-year, rising to N10,277.17 in January 2023, from N7,413.25 recorded the same month last year. On a month-on-month basis, the retail price rose by 0.28 per cent, hitting N10,277.17 in January

February 24, 2023

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1

Business

Zenith Bank, FCMB, Polaris Bank Set Different Closing Hours Over Presidential Election

Nigerian commercial banks are closing early on Friday due to the Presidential election scheduled to hold on Saturday, various statements have shown. The Deposits Money Banks (DMBs) sent electronic messages to their account holders via SMS, email and their social media platforms.

February 24, 2023

More Calls For Air Peace To Be Designated A Flag Carrier As Airline Increases Routes

Business

Election: Air Peace Suspends Flight, Customers To Earn Points For Tickets

Nigeria’s largest carrier, Air Peace, has disclosed that it will suspend flight operations due to the Presidential and National Assembly Elections. Air Peace in a statement published via its official Instagram handle, said the operation will be suspended on Saturday, 25 February

February 23, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Stock Market Cap Hits N29.76 trillion, As Investors Make N180.22 billion

Nigerian Exchange Limited (NGX) ended trading with N180.22 billion gain on Thursday, 23 February 2023, as the market capitalisation grew from N29.58 trillion to N29.76 trillion. The All-Share Index closed at 54,646.38 ASI, after gaining 330.85 basis points, which increased the index from the 54,315.53

February 23, 2023

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business

Femi Otedola Sells 5% Of Geregu Power To Africa’s Supranational Bank

Africa Export and Import Bank (Afreximbank), a supranational bank, has acquired a five per cent stake in the electricity-generating firm, Geregu Power Plc, owned by Femi Otedola. According to a document released dated February 21, 2023, Africa Export and Import Bank bought

February 23, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira To Dollar Rate To Rise To N900 In Black Market – New Report

Independent tax and business advisory firm, Andersen, has stated that demand pressure will affect the exchange rate in the black market in 2023. The advisory firm said various factors will push up the parallel rate of the Naira to N900/$1, indicating the

February 23, 2023

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Business

Nigerian Banks Address Shutting Down Operation For Presidential Election

Nigerian banks have denied reports that financial institutions plan to shut down operations due to the presidential election holding on Saturday, 25 February 2023. Messages have been circulated through WhatsApp that all banking services, including electronic payment channels, will not be available

February 23, 2023

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Fakoyejo Olalekan

Market Women, Small Businesses Sacrifice Earnings For Obi, Atiku, Tinubu

Investors Ignore Election Tension, Trade N2.50 billion Stocks

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

Cooking Gas Price In Nigeria Rose By 38.63%, New NBS Report Reveals

Zenith Bank, FCMB, Polaris Bank Set Different Closing Hours Over Presidential Election

Election: Air Peace Suspends Flight, Customers To Earn Points For Tickets

Stock Market Cap Hits N29.76 trillion, As Investors Make N180.22 billion

Femi Otedola Sells 5% Of Geregu Power To Africa’s Supranational Bank

Naira To Dollar Rate To Rise To N900 In Black Market – New Report

Nigerian Banks Address Shutting Down Operation For Presidential Election

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