Wednesday, April 14, 2021 OPEC Raises Oil Demand Growth on Stronger Economic Recovery The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery. The cartel, in its April Monthly Oil Market Report (MOMR), a copy of which THISDAY…
Friday, April 09, 2021 DLM Capital Acquires Links MFB The DLM Capital Group has acquired Links Microfinance Bank as part of plans to expand into Nigeria’s million-dollar fintech sector. The Corporate Communications Manager at DLM Capital Group, Chinwendu Ohakpougwu, who disclosed this in a statement, explained that the acquisition would give the group the mandate…
Thursday, April 08, 2021 Survey: 47% of Financial Services’ Organisations Do Not Have Tax Policy A recent PwC Nigeria survey has revealed that 47 per cent of tax functions in Nigeria’s financial services (FS) sector, either do not have a tax strategy or they are not aware of one. The respondents to the survey were…
Wednesday, April 07, 2021 FMDQ Exchange to Commence Derivatives Trading Soon FMDQ Securities Exchange Limited yesterday said that the implementation of its derivatives market development project was nearing completion to enable investors transact exchange traded derivatives. The exchange disclosed this to capital market correspondents during its Academy Derivatives Market Webinar series themed: ‘Understanding Exchange Traded…
Thursday, April 01, 2021 W’Bank Revises Nigeria, Others’ Growth Forecast to 3.4% The World Bank has revised its growth forecast for Sub-Saharan Africa (SSA) from -5.1 per cent to 3.4 per cent growth for 2021. The Washington-based institution, in its latest Africa’s Pulse, titled: ‘The Future of Work in Africa: Emerging Trends in Digital Technology…
Tuesday, March 30, 2021 Shareholders to Receive N2.9bn Dividend as FCMB Records N20bn Profit Shareholders of FCMB Group Plc are to share N2.97 billion as dividend for the year ended December 31, 2020, translating into 15 kobo per share. The dividend, which is higher than 14 kobo paid the previous year, was contained in the…
Friday, March 26, 2021 Shell Offers Advice on How to Enhance Efficiency in Nigeria’s Oil Sector International Oil Company (IOC), Shell, has offered a number of actions it said would help Nigeria’s oil and gas sector recover its operational efficiency. It said the list of activities it proposed could help the sector get back to…
Thursday, March 25, 2021 Agusto & Co. Rates Global Spectrum Services ‘Bbb’ Global Spectrum Energy Services Plc (GSES), has earned a ‘Bbb’ rating from Agusto& Co., a rating agency in the country. GSES is one of the leading indigenous offshore support vessel companies operating in the marine security and logistics subsector of the oil &…
Tuesday, March 23, 2021 NIPOST, Capital Market Registrars Forge Stronger Corporate Relationship The top echelon of the Nigerian Postal Services (NIPOST) recently met with the leadership of the Institute of Capital Market Registrars towards seeking stronger ties for corporate mutual benefits. The meeting, held in Lagos, recently, sought to rejuvenate the existing relationship especially in…
Friday, March 19, 2021 DMO Lists N162.557 Billion Sovereign Sukuk on NSE The Debt Management Office (DMO) yesterday listed the N162.557 billion, 7-year, FGN Ijarah Sukuk with a rate of 11.2 per cent on the floor of the Nigerian Exchange (NGX) Limited. The third Sovereign Sukuk was issued on June 16, 2020, and will finance…