NSE’s Demutualisation Progresses as Members Meet on Share Allotment
The demutualisation process of the Nigerian Stock Exchange (NSE) is nearing its peak as the members of the exchange will meet on March 3, to approve a change in the name of the exchange and allotment of shares in accordance with the scheme of arrangement…read more.
CBN Injects Additional $210m into Forex Market
The Central Bank of Nigeria (CBN) has once again injected the sum of $210 million into the interbank foreign exchange market to boost liquidity in the sector.….read more.
CBN approves six firms for milk importation, bars others
The Central Bank of Nigeria has given approval to six dairy companies to import milk into the country. The move is part of efforts aimed at bridging the supply gap of the product as the government pursues its backward integration strategy to make the country self-sufficient in milk production… read more
‘N4.57tn lost to crude theft in four years’
Nigeria lost a total N4.57tn to crude oil theft between 2015 and 2018, according to estimates of the Nigeria Natural Resource Charter… read more
FG, US sign $1.16m for 1,350MW plant feasibility
The Federal Government, through the Nigerian National Petroleum Corporation, and the US Trade and Development Agency signed a $1.16m grant from the agency for the feasibility study of a power plant to be built in Abuja… read more
Stock market erases Monday’s loss with N52bn gain
Trading activities on the floor of the Nigerian Stock Exchange on Tuesday closed on the positive route to upturn the previous day’s loss as bulls regained grip on the local bourse following gains recorded by blue chip firms… read more
‘Coronavirus may cripple gas, LNG demand by 14 billion cm’
Depending on the length of time required to contain the spread, the outbreak of novel Coronavirus (nCoV) in China will create gas demand reduction of between 14 billion cubic meters, thereby crippling the commodity market in 2020….read more.
Omosehin becomes MD of Old Mutual Life Assurance
The board of Old Mutual Nigeria has announced the appointment of Mr Olusegun Omosehin as the Managing Director, Old Mutual Life Assurance Company Limited… read more
