Business

Nigeria Stock Exchange (NSE)

NSE crucial market indicators end Friday with 0.03 per cent growth

The market capitalisation of listed equities rose by N4 billion to N13.071 trillion from N13.067 trillion on Thursday.

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

NSE market capitalisation inches N245bn, as fixed income instrument yields decline

The All-Share Index increased by 504 points or 1.91 per cent to 26,843.11 compared with 26,339.11 achieved on Wednesday.

AIRTEL office used to illustrate the story. [PHOTO CREDIT: Stackpreneur]

Airtel Africa acquires Intercellular Nigeria spectrum

The new acquisition is valued at about $70 million, excluding the Nigeria Communication Commission fees.

African Development Bank

African Development Bank Group becomes shareholder in AFC

The Bank Group’s investment in Africa Finance Corporation (AFC) will enable both institutions to accelerate infrastructure development and delivery on the continent.

An oil vessel used to illustrate the story An oil vessel used to illustrate the story

Oil falls as U.S.-China trade deal prospects dim

U.S. President Donald Trump said on Wednesday that the two countries were close to finalising a trade deal, but he fell short of providing a date or venue for the signing ceremony, disappointing investors.

Crude oil extraction [Photo credit: Bloomberg]

Growth in global oil demand to slow from 2025 – IEA

Oil use in passenger cars is, however, seen peaking in the late 2020s as drivers switch to electric vehicles.

Nigeria Stock Exchange

NSE market indices rose by 0.54 per cent after Eid-el Malud celebration

The market capitalisation inched N69 billion to close at N12.878 trillion against N12.809 trillion recorded on Friday.

Finance minister, Zainab Ahmed. [PHOTO CREDIT: Daily Trust]

Why Finance Bill 2019 is crucial to Nigeria’s economic growth – Finance Minister

The bill, which President Muhammadu Buhari presented to the National Assembly on October 14, has already passed the second reading at the Senate.

NNPC Headquarters, Abuja

OPL 212: Supreme Court orders NNPC to pay N8.14bn in damages to BCE

The federal high court had, on March 7, 2002, directed NNPC to pay BCE 22. 6 million dollars in damages for the illegal cancellation of an agreement.

Nigerian pensioners used to illustrate the story

Only seven out of 37 Nigerian states fully implement contributory pension — PENCOM

Most states default either with regular and up-to-date remittance of pension contributions, the establishment of a pension bureau or enactment of pension law.

Mobile phone, smart phone, phone, network, MTN, Glo, Airtel

NCC to sanction telecom firms who ignore customers complaints

The commission and the operators met to appraise the level of implementation of the policies.

Oil rig used to illustrate the story.

Again, oil slips over uncertainty on U.S.-China trade deal

The trade war between the world’s two biggest economies has slowed economic growth around the world.

Federal Inland Revenue Service ((FIRS) chairman, Babatunde Fowler.

Nigerian govt pays states N157 bn tax arrears

Mr Fowler says the liabilities covered the period between 2002 and 2016.

VICE PRESIDENT INSPECT THE 25TH EDITION OF MSME

MSMEs will fast-track economic growth, Osinbajo, Okowa say

They made their positions known in Asaba at the 25th edition of MSMEs Clinic.

Oloibiri Oil Field

Total planning to sell $750 million stake in major Nigerian oil block

The sale process is part of Total’s plan to sell $5 billion of assets around the world by 2020.

Dangote-logo

Six directors of Dangote Flour resign

The company said new appointments have been made with effect from October 31 this year.

Crude Oil pipelines

Nigeria lost $42 billion to crude oil theft in nine years — NEITI

The loss is equivalent to the current value of Nigeria’s foreign reserves.

Dangote Sugar Refinery [Photo Credit: Guardian Newspaper]

Dangote Sugar in merger talks with Savannah Sugar

In February 2013, Dangote Sugar Refinery, DSR, announced the acquisition of 95 per cent equity stake in Savannah Sugar Company limited, SSC.

Oil rig used to illustrate the story.

Oil prices fall as crude build-up offsets hopes for U.S.-China trade talks

Hopes remain for a breakthrough in talks between the United States and China, the world’s two biggest oil consumers.

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

NSE market indicators close lower, amid profit taking on Nestle, MTN

Nestle posted a loss of N49.90 to close at N1,150, while MTN Nigeria trailed with N1.55 to close at N124 per share.

Access Bank building

Access Bank announces resignation of Board director

Mr Ndukwe’s resignation from the Board of the bank was announced on Tuesday.

OPEC

Oil demand to fall in Western Countries, but not in India, China – OPEC

Global oil demand will reach 105.6 million barrels per day (bpd) by 2025.

(Photo: mynewswatchtimesng.com)

Minister clarifies transfer of N14bn from NEPZA 2017 budget

The senate committee on Appropriation said the transfer of the money to Nigeria Special Economic Zones Company was in breach of 2017 Appropriation Act.

Buhari signing the amended Bill into law [PHOTO CREDIT: @MBuhari]

UPDATED: Buhari signs law that will significantly increase Nigeria’s oil earnings

President Buhari signs the Deep Offshore, Inland Basin PSC Amendment into law

MTN Nigeria office

USSD Controversy: Inside details of agreements by banks, telecoms operators

While the anger vented against the mobile network operators may not be totally misplaced, the real ‘beneficiaries’ in the USSD business are the financial institutions.