Stocks rebounded sharply in May 2020, the bulls stood strong in the market last week as trading indicators trended higher on positive reactions to corporate earnings and highly capitalized stocks that declared dividends despite the pandemic lockdown. The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 1.80%, while the Year-to-Date return…
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Friday, May 08, 2020 Petrol price reduction won’t be immediate, says marketers The latest reduction in the ex-depot price of petrol to N108 per litre will not translate to an immediate drop in the pump price of the commodity at filling stations, oil marketers stated on Thursday. Read more FG targets N103bn from gas flaring…
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Thursday, May 07, 2020 Despite lockdown, stock market investors gain N897bn Notwithstanding the lockdown the Nigerian economy witnessed in April over the ravaging CODIV-19 pandemic, the stock market, boosted by the remote trading via fin-tech, recorded a gain of N897bn during the month. Read more Discos owe NBET N76bn in two months Power distribution companies…
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Wednesday, May 06, 2020 Budget: FG slashes oil benchmark further to $20 The Federal Government on Tuesday revealed plans to cut the oil price benchmark for the current budget to $20 per barrel. The development would make it the second time the Federal Government is slashing the oil benchmark for the 2020 budget. Read more…
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Tuesday, May 05, 2020 Access Bank denies sacking 75% workers, closing branches Access Bank Plc on Monday debunked reports that it plans to sack 75 percent of its workforce and as well close more than 300 branches. Read more Nigerians will pay higher electricity tariffs, FG promises IMF Nigerians will pay much higher tariff for…
DetailsMonday, May 04, 2020 FG retains N125/litre petrol price despite crude oil crash The Federal Government has failed to review the N123.5 to N125/litre pump price of petrol for the month of May 2020 despite continued crash of crude oil price. Read more Cut interest rates to boost economy, says Tinubu The National Leader of…
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Thursday, April 30, 2020 Debt servicing may gulp 75% govt revenue by 2024 –Report A report published by the World Bank has projected that debt servicing will take up about 75 percent of the Federal Government’s revenue by 2024……read more. FG decontaminates two out of 123 aircraft The Federal Government…
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The Nigerian Stock Exchange (NSE) reopened trading on Tuesday after the Easter holidays with a growth of 2.32 per cent in spite of the lockdown extension in some parts of the country. The federal government on April 13 extended lockdowns in Lagos, Abuja and Ogun State for an additional 14 days to contain the coronavirus…
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Thursday, April 9, 2020 Discos offer customers two-month free electricity Power distribution companies on Wednesday announced that they were in support of the proposal by the National Assembly and the Federal Executive arm of government that Nigerians should get two months of free electricity…..read more. FG slashes budget, sends to National Assembly…
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Wednesday, April 8, 2020 United Capital Raises N5.3 Billion in Commercial Paper to Boost Operations United Capital Plc, a leading pan-African financial and investment services group has successfully raised N5.3 billion in a Series 1 and 2 Commercial Paper (CP) issuance, under its N20 billion program registered with the FMDQ Securities Exchange….read more.…
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