Market
Governor Makinde gives account, lists community development projects in Oyo zone
In his bid to take the dividends of democracy to the doorsteps of the people at the grassroots, Oyo State Governor Seyi Makinde has given an account of his administration’s developmental projects in the Oyo zone in the last one year. The governor, who spoke through his Special Assistant (Community Relations), Hon. Olufemi Josiah, at a Town Hall meeting held in Atiba Local Government, Oyo, said the present administration in the state will continue to give account of its stewardship to the people at the grassroots. He said: “Government, to us, is about efficient allocation of scarce resources. The resources we are talking about belong to the people. So. we must always engage them in whatever the present administration intends to do for the grassroots.” While speaking on the purpose of the To...
Nigerian government raises hate speech fine to N5 million
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NSE: Trading sustains positive trend, up by 0.31 per cent
Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent. The post NSE: Trading sustains positive trend, up by 0.31 per cent appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Petrol price hike a move to end subsidy regime – expert
AHA Taxis Nigeria’s first professor of the Capital Market and former Imo State Finance Commissioner, Prof Uche Uwaleke, on Wednesday described the hike in petrol price from N123.50k/litre to a price band of N140.80 to N143.80 as an indication that the Federal Government was ready to gradually exit the fuel subsidy regime. The Petroleum Products Pricing and Regulatory Agency (PPPRA), in a memo to oil marketers on Wednesday, said that the upward review of petrol price stemmed from existing market realities which were taken into consideration before the new pump price was released. Prof Uwaleke told newsmen that exiting the subsidy regime was necessary in view of plummeting government revenue and the pressure on government finances occasioned by COVID-19. ‘Fortunately for the Nigerian economy...
NSE upgrades data portal to improve market access
The Nigerian Stock Exchange (NSE) on Monday announced the upgrade of its Data Portal (X-DataPortal) to revamp and improve market accessibility for subscribers. Mr Oscar Onyema, Chief Executive Officer of the exchange, said in a statement in Lagos that the portal upgrade was to explore digital technologies to provide top notch accessibility. Onyema said: “The upgrade of the X-DataPortal is in line with the desire of the NSE to continue providing an exchange that is easily accessible, leveraging digital technology. “The newly enhanced X-DataPortal has, therefore, been equipped with market-focussed features that will complement the NSE website and other NSE portals in response to stakeholders’ increased demands for easy access to data. “Given the importance of Market Data in investment decisi...
Trading resumes after Eid-el-Fitr celebration with 0.07% growth
The Nigerian Stock Exchange (NSE) reopened trading on Wednesday after the public holidays to mark the Eid-el-Fitr celebration with a marginal growth of 0.07 per cent. Speficially, the All-Share Index rose by 16.48 points or 0.07 per cent to close at 25,221.23 compared with 25,204.75 achieved on Friday. Similarly, the market capitalisation which opened at N13.135 trillion garnered N9 billion or 0.07 per cent to close at N13.144 trillion. The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Nigerian Breweries, Dangote Cement, Stanbic IBTC Holdings, Guinness Nigeria and Dangote Sugar Refinery. Market breadth remained positive with 32 gainers compared with 11 losers. A breakdown of the price movement chart indicates that Nigerian Breweries led t...
Senator Lawan: Why privatisation of power sector must be reviewed now
President of the Senate, Ahmad Lawan, has called for the immediate review of the privatization exercise of the power sector by previous administrations. Lawan gave the charge in his concluding remarks on a motion considered on the floor during plenary on Tuesday. The motion titled: “Power Sector Recovery Plan and the Impact of COVID-19 Pandemic” was sponsored by Senator Gabriel Suswam (PDP – Benue North East). The Senate President, who bemoaned what he described as the “inefficiency of Power Generating and Distribution companies” in the country, called for a review or eventual reversal of the terms of privatization. According to Lawan, parties involved in the shared purchase agreement with the federal government can only seek the intervention of the latter when sufficiently justified. “The...
Scores flee as bandits sack Niger communities
File Photo Bandits on Tuesday sacked three communities in the Shiroro Local Government Area of Niger State. It was learnt that Galkogo, Farindoki and Rafin seyin communities, made up of about 1,500 people, were forced to abandon their homes as a result of the attack. A source close to one of the affected communities said it began about 12 noon. It was gathered the bandits, numbering about 60, blocked all the entry routes into the communities to prevent the people from escaping. “It is possible the bandits just wanted to show force and at the same time disrupt movement today, being our major market day in Zumba town. “Nobody could go to market today from these three communities because they blocked every road in and out as people scampered to safety, all the vehicles that were heading to Zu...
