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Business & Economy
Oando dips as court orders buyout of 43.63% of its shares
OANDO Plc's share price dropped to N5.70 as a result of a court ruling requiring it to purchase the 43.63 percent stake held by its minority shareholders according to the oil…
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T-Bills yield rises, bond tracks lower as naira sinks
WHILE naira, the local currency of Nigeria, declines, the average yield on fixed income securities finished mixed midweek on the secondary market.
Also at the Investors and…
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Toyota set to cut global production of vehicles
TOYOTA, a Japanese automaker, revealed yesterday that it will reduce its global production forecast by around 50,000 units from the number given to suppliers at the start of the year.
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FEC approves N18b refund to Yobe for federal roads projects
THE Federal Executive Council (FEC), presided over by President Muhammadu Buhari, has approved N18 billion to Yobe State Government for five major roads, which they undertook on behalf…
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Treasury, bonds yields flatten as naira gains
IN the secondary market, the average yield on Nigerian Treasury Bills closed flattish on Tuesday due to a thin trading session, according to traders; a similar trend was spotted in the…
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Equities investors gain N180b as stocks rally
ON Tuesday, the domestic exchange saw significant share price growth across the stocks of mid and large capitalization corporations. Following a five-day losing streak, the market…
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Cryptocurrency fears materialising –Bank for international settlements says
THE ongoing meltdown in the cryptocurrency markets indicates that long-warned-about dangers of decentralised digital money are now materialising, according to the Bank for…
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BUA foods, FBNH, Fidelity bank, drive intraday loss on NGX
ACCORDING to stockbrokers at Alpha Morgan Capital, significant stock selloffs in BUA Foods, FBN Holdings, Lafarge WAPCO, and Fidelity Bank among other companies have led to yet another…
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Petrol scarcity: FG insists on N165 pump price, cautions against panick buying
THE Federal Government (FG) says the regulated pump price of Premium Motor Spirit (PMS) remains N165 per litre as mandated in the petroleum product pricing template.
Considering…
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First bank partners Eloy foundation to promote sustainability of female-owned small businesses
IN furtherance of the need to empower female business owners across the country, The ELOY Foundation, in partnership with FirstBank presents the ELOY Foundation Business Shower,…
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