ECOMOMY Nigeria records $45.7bn investments in six months The Nigerian economy recorded a total investment commitment of $45.7bn in various sectors of the economy within the first six months of this year. Figures obtained from the Nigerian Investment Promotion Commission showed that the $45.74bn investment commitments were made for 42 projects in nine states and…
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%…
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…
