Capital Market:
New forex policy: NSE gains N354bn, naira stable
The Nigerian Stock Exchange All-Share Index on Wednesday posted the biggest return since the beginning of this year; as investors reacted positively…read more
Berger Paints profit rises by 127%
The profit before tax of Berger Paints Nigeria Plc grew from N249m in 2014 to N565m in 2015; representing a 127 per cent increase…read more
United Capital drives power sector reform
United Capital Plc has, in partnership with United Bank for Africa Plc, executed another transaction aimed at driving the country’s power sector reform…read more
Macro – Economy:
Lagos, Consortium Agree to Construct N844bn 4th Mainland Bridge
About 24 hours after it unveiled its plan to construct Oshodi Transport Interchange at a cost of $70 million, the Lagos State Government…read more
16-man committee for minimum wage talks
A 16-man “technical committee” to negotiate a new minimum wage for workers was yesterday constituted after a meeting between the Federal…read more
April allocation drops to N281.5b
The monthly allocation shared among the federal, states and Local governments dipped by N18.2 billion, leaving the tiers of government with a total…read more
$1b recovered loot to be kept in banks
The Panic Alert Security System, (PASS) engaged by the Attorney General of the Federation to help government recover monies looted from the country…read more
FG, exporters seek leeway to N550bn financing scheme’s implementation
To avert failure of the intervention schemes created to boost non-oil export in the country as a result of poor implementation and lack of stakeholder…read more
AMCON takes over Bulk Pack Services
Bulk Pack Services Limited, a beverage package manufacturer and supplier owned by Alhaji Sani Dangote has been taken over by the Asset Management…read more
Money Market:
Jaiz Bank moves to access non-interest intervention funds from CBN
The Acting Managing Director of Jaiz Bank, Mahe Abubakar, has said that the bank is working with the Central Bank of Nigeria (CBN) to accommodate…read more
Ekiti seals GTB, Ecobank over tax default
Ekiti State Government on Wednesday sealed off the premises of the Guaranty Trust Bank (GTB) and Ecobank in the State for non-remittance…read more
The New Forex Policy Is Crashing Bond Yields
The decision by the Central Bank of Nigeria (CBN) to adopt a flexible exchange rate following the conclusion of the Monetary…read more
Naira depreciates further against dollar
The Naira on Wednesday weakened further against the dollar at the parallel market, barely 24 hours after the Central Bank of Nigeria (CBN) moved for the adoption…read more
CBN may reopen banks’, IOCs’ dollar windows to BDCs
The Central Bank of Nigeria (CBN) is likely to reopen the dollar sales by banks and International Oil Companies (IOCs) to bureau de change (BDC) operators…read more
Global Economy:
European shares mixed after Brent crude hits $50 a barrel
European shares were mixed on Thursday, with banks on the back foot following a recent rally while commodity stocks were boosted as Brent…read more
S&P 500 ascends 2 percent in two days
Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investors becoming more comfortable…read more
Nikkei edges up in thin, choppy trade
Japanese stocks were flat in thin, choppy trade on Thursday as indexes gave up earlier gains due to the yen's rising strength against the dollar…read more
Brent oil pushes above $50 for first time in nearly seven months
Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures…read more|
Politics:
Reps Order Halt of Refineries Privatisation
The House of Representatives Committee on Privatisation and Commercialisation has directed the Nigerian National…read more
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