NSE

Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and demand. Brent crude LCOc1 was up 1 cents at 64.99 dollars per barrel at 0737 GMT, […]

The Federal Government will sign an agreement with German-based Siemens AG on Monday (today) on an electrification roadmap aimed at addressing the nation’s power crisis, our correspondent has learnt. The PUNCH exclusively reported last month that the Chief of Staff to the President, Mr Abba Kyari, had meetings with the power distribution companies and other stakeholders […]

Six persons were feared trapped yesterday under the rubble of a four-storey building that collapsed in Onitsha, Anambra State. The incident happened on No. 7, Ezenwa Street, Onitsha. An eyewitness said eight persons were under the building when the four-storey building under construction caved in at about 1:45p.m. The source said those trapped were six […]

Investors in the equities market have recorded losses amounting to N352bn following an eight-day losing streak witnessed on the Nigerian Stock Exchange. The market capitalisation of equities listed on the NSE, which rose to N10.979tn on May 3 drop below the N11tn mark, has dropped consistently, closing at N10.627tn on Wednesday. Wapic Insurance, Forte Oil […]

Financial and economic experts have demanded an independent audit of the Central Bank of Nigeria following the alleged missing of N500bn. They made this call while speaking in exclusive interviews with our correspondents. The Director-General, Nigeria Employers’ Consultative Association, Mr Timothy Olawale, said despite the denial of the CBN that no N500bn was missing, there […]

The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said fuel subsidies are a huge drain on government’s revenue. Rewane stated this in his presentation at the Lagos Business School Breakfast Session on May 8, a copy of which was obtained by our correspondent on Tuesday. He noted that […]

The Nigerian Stock Exchange has delisted Newrest ASL Nigeria Plc from its daily official list. The NSE, in a notice to investors dated May 13, 2019, said the entire issued share capital of the company was delisted from the daily official list of the Exchange on Monday, further to the market bulletin of February 27, […]

Skyway Aviation Handling Company has listed 1.35 billion shares, which is 100 per cent of its issued and paid-up ordinary shares, on the main board of the Nigerian Stock Exchange. The company officially became a public limited liability company on Tuesday by way of an initial public offering, which was undersubscribed by 35 per cent. […]

State govt lists roads to avoid, appeals for patience Traffic jam, the feared menace on Lagos roads, may be at its height today after the respite of the Easter holiday. President Muhammadu Buhari’s one-day official visit today to commission some projects in Africa’s fifth largest economy is a call to a complete lockdown. Already, the […]

The international oil benchmark, Brent crude, surged on Monday to its highest level since late October 2018 after the United States President, Donald Trump, announced the decision to end waivers that allowed some countries to buy crude oil from Iran without facing US sanctions. Brent, against which Nigeria’s oil is priced, has risen by about […]


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