Thursday, August 20 , 2020 Stock market volatility fuelled by companies with locked-in shares The current rate of volatility in Nigeria’s stock market will continue unless regulatory push is stronger to cause companies release most of their locked-in shares (smaller free float) into the hands of wiling investing public. ‘Free float’ is generally described as…
DetailsWednesday, August 19 , 2020 Nigeria’s exchange rate crisis pushes business demand for bitcoin upward Nigeria’s exchange rate crisis is pushing many business owners towards bitcoin (BTC) as a preferred means of buying goods from manufacturers outside the country. The pressure on naira is projected to be heading towards N480 per dollar later this week.…
DetailsTuesday, August 18 , 2020 Unilever Overseas Holdings raises equity stake in Unilever Nigeria Unilever Overseas Holdings B.V, the majority shareholder of Unilever Nigeria Plc has increased its stake in the company. In the latest translations, Unilever Overseas Holdings B.V purchased 67.09million ordinary shares of the company’s shares valued at about N838.69million, details of the…
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Friday, August 14 , 2020 Buhari, stakeholders seek local content, infrastructure expansion President Muhammadu Buhari and other stakeholders in the oil and gas sector, yesterday, reiterated the need to expand local content development in Nigeria across sectors, as part of measures to address unemployment, poverty, and help the country become self-reliant…Read more. Aviation on the…
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Thursday, August 13 , 2020 Ground handlers rally airlines to right pricing, dollar rate Worried by the operational challenges in the COVID-19 era, ground handlers and stakeholders have rallied airlines to the right pricing mechanism and service payment in dollars…Read more. NCDMB, NLNG to drive Brass shipyard project, commence feasibility study The Federal Government has…
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Wednesday, August 12 , 2020 Oil rises after bigger-than-expected drop in inventories Oil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts expected, bolstering hopes that fuel demand in the world’s biggest economy can weather the coronavirus pandemic…Read more. Dollar holds firm as U.S. bond…
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Tuesday, August 11 , 2020 World Bank approves fresh $114.28m for sub-national fight against COVID-19 The World Bank Board of Directors has approved a $114.28 million funding to help Nigeria prevent, detect, and respond to the threat posed by the COVID-19 pandemic, with a specific focus on state-level responses…Read more. Telecoms operators want 30% of…
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Monday, August 10, 2020 FG insures 89,000 employees under N15 billion group life scheme The Federal Government is said to have settled about N15 billion premiums under the Group Life Insurance scheme to insure it’s over 89,000 workers across the country in the current financial year….Read more. COVID-19, VAT increase, naira devaluation spur rise in…
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Friday, August 7 , 2020 Group seeks disbandment of proposed transmission charge The Nigerian Electricity Regulatory Commission (NERC’s) plan to allow the electricity distribution and trading licensees to introduce competition transition charge by has elicited public criticisms…Read more. Consumer Commission probes pharmacies for hydroxychloroquine price hike The Federal Competition and Consumer Protection Commission (FCCPC), in…
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