NSE LIVE! Equities rally N73bn gain in opening trades

Nigerian equities continued on the uptrend on Tuesday as the stock market reopened after the Democracy Day Holiday on Monday. For the fifth consecutive trading session, most transactions at the Nigerian Stock Exchange (NSE) were closed at a premium, pushing up the average year-to-date return to 8.94 per cent. Aggregate market value of all quoted…

Osinbajo urges Dangote, others to make Nigeria competitive

Acting President, Prof. Yemi Osinbajo inaugurates the National Industrial Policy and Competitiveness Advisory Council with a directive to create the chance for Nigeria to be competitive in international trade. The post Osinbajo urges Dangote, others to make Nigeria competitive appeared first on News Agency of Nigeria (NAN).

Top 4 apps for every traveller

Thanks to technology, smartphones have made it easier for travellers to make the most of their holidays “The era of carrying around large city maps has been phased out and… The post Top 4 apps for every traveller appeared first on City People Magazine.

Senate halts sale of Port Harcourt refinery

The Senate, on Tuesday, ordered the Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) to halt further action or planned concession of the Port Harcourt Refinery to AGIP and OANDO. In a motion sponsored by Senator Sabo Mohammed and tagged ‘Non Transparent Transaction relating to the planned concession of the Port…

NCS impounds 941 bags of rice worth N6.8m

The Nigeria Customs Service, ( NCS) Western Marine Command said its officers seized 941 bags of rice estimated at N6, 830,791 being smuggled into the country. The post NCS impounds 941 bags of rice worth N6.8m appeared first on News Agency of Nigeria (NAN).

Tension as FG revokes N44.6bn oil block licences of Niger Delta firms

The final withdrawal of oil prospecting licences issued in 2001, 2002 and 2003 for the Utapate Field, 01, 03 and 05 in Delta State, believed to have been won by some indigenous oil firms in the Niger Delta has started generating some controversy, capable of threatening the relative peace in the oil producing region. But…

NLNG set to export $700m delayed products

Barring unforeseen development, the Nigerian Liquefied Natural Gas (NLNG) will eventually export its delayed products to buyers in June 2017, valued at about $700 million. This was said to have been part of the stagnated products at NLNG depot since November 2016 due to lack of favourable markets. The product is the company’s 6th Train…

NSE LIVE! Consumer goods, banks rally equities to N62bn gain

Nigerian equities braced against alluring profit-taking tendency to sustain third consecutive positive trading session on Thursday as string demand for fast moving consumer goods companies (FMCGs) and banking stocks rallied the market to a net capital gain of N62 billion. Benchmark indices at the Nigerian Stock Exchange (NSE) showed a broadly bullish market situation with…

OPEC agrees to extend Nigeria’s oil production cuts for nine months

Nigeria has survived a threat of withdrawal of exemption largess given it by OPEC in oil production cuts, as member countries agreed to extend the output cuts by another nine months till March 2018. An OPEC delegate told Reuters, as the meeting progressed to its last session, on Thursday, that the oil producer group is…

Hope for workers as FG sets up panel on N56,000 minimum wage demands

After the Minister of Labour and Employment, Chris Ngige, received boos of during the Workers Day celebration on May 1, the Federal Government has approved a 29-member tripartite committee to study the new minimum wage of N56,000 being clamoured for by Nigerian workers. This was made known to State House Correspondents on Wednesday by Ngige,…

Prices jump as OPEC beats deal target — hits 102% conformity

Oil prices jumped to $54 per barrel early Thursday as the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) reported that the oil deal struck in 2016 hit a 102 percent conformity The post Prices jump as OPEC beats deal target — hits 102% conformity appeared first on TheCable.

NSE LIVE! Equities rally gathers momentum with N67bn gain

Nigerian equities continued on the uptrend on Wednesday as increased demand for large-cap stocks drove the market to second consecutive gain. Benchmark indices at the Nigerian Stock Exchange (NSE) indicated average day-on-day gain of 0.69 per cent, equivalent to a net capital gain of N67 billion. With 27 gainers to 19 losers, the positive market…

BOKO HARAM: 4.7m Nigerians at risk of starving to death -UN

A disturbing scenario has been created, indicating that Nigeria needs a minimum of $250 million food aid in 2017 to save about 4.7 million of its citizens, particularly from the northeast of the country, who starving to death. The Director of the World Food Programme (WFP) Abdou Dieng, an affiliation of the United Nations (UN…