The Nigerian National Petroleum Corporation has said that it recorded a trading surplus of N17.16bn in April. The Group General Manager, Public Affairs, NNPC, Mr Ndu Ughamadu, said this in a statement made available to our correspondent in Abuja on Thursday. According to him, the surplus is part of the highlights of the corporation’s Monthly…
The shareholders of Honeywell Flour Mills Plc have approved a dividend payment of 60 kobo for every 50 kobo ordinary share, amounting to a total of N475.8m for the 2018 financial year. The Chairman, Board of Directors, Honeywell Flour Mills, Dr Oba Otudeko, while speaking at the company’s 9th Annual General Meeting in Lagos on…
Equities Market The Nigerian equities market, closed on a high at yesterday’s trading activity. Both NSE ASI and market capitalization increased by 0.33% respectively, as they both closed at 32,480.89 points and N11,858.03tr respectively. Year-to-Date ASI is at a negative of 15.12%. Volume, Value of trades and No of trade all appreciated by 18.74%, 32.10%…
Equities Market The Nigerian equities market, closed lower at yesterday’s trading activity. Both NSE ASI and market capitalization decreased by 0.02% respectively, as they both closed at 32,375.12 points and N11,819.42tr respectively. Year-to-Date ASI is at a negative of 15.39%. Volume, Value of trades and No of trade all decline by 29.45%, 33.17% and 40.91%…
Wema Bank Plc said it has entered into partnerships with Development Bank of Nigeria (DBN) to improve access to cheaper funds for small businesses in Nigeria, recently. the bank said MSMEs and businesses in all segments can access up to N153 million and N610 million, respectively, from the bank. A statement by Funmilayo Falola of…
Travelex UK through its Nigerian subsidiary has restated its commitment to sustaining existing cooperation with Nigeria’s financial sector regulators in reforming the Bureau De Change subsector. It said in a statement on Monday that it would continue to work with the Central Bank of Nigeria, the Economic and Financial Crimes Commission and the BDC operators…
The imports of Nigerian crude oil and other West African grades to the United States look set to plunge to nearly zero amid growing shale oil production in the North American country, our correspondent has learnt. The US Atlantic Coast imports of West African crude oil are expected to decline due to harsh arbitrage conditions…
The US stocks climbed on Thursday as traders awaited the latest twists on global trade and digested Treasury yields approaching their highest level this year. The dollar remained under pressure. The Stoxx Europe 600 Index gained along with U.S. futures and most equities in Asia as China was said to be planning to cut the…
The Nigerian Stock Exchange All-Share Index dropped by 0.02 per cent at the close of trading on Wednesday after 13 stocks closed in the red compared to 24 that appreciated. Profit-taking in large-cap stocks ― International Breweries Plc, FBN Holdings Plc and United Bank for Africa ― was said to have caused the ASI to…
The Debt Management Office has said that neither it nor the Central Bank of Nigeria predetermines the interest rates at which the government sells the Nigerian Treasury Bills at the monthly auction market. DMO said different bidders attend the market with different rates, taking a cue from the rates obtainable at the secondary market. The…
