Buying interest in BUACEMENT (+8.5%), WAPCO (+5.0%) and STERLING (+9.6%) pushed the benchmark index up by 47bps to close at 24,595.05 points. As a result, YTD loss eased to -8.4%…
News
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South African petrochemicals giant Sasol has said it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to…
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By Omoh Gabriel Zenith Bank PLC has come top of Nigeria banks ranked by the Banker Magazine in its 2020 Top 1000…
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Oil and GasNews
Buhari pledges speedy completion of $2.5bn AKK Gas Pipeline; will inject 2.2bscf gas to domestic market – Kyari
President Muhammadu Buhari has given his commitment to ensure timely delivery of the landmark Ajakuota-Kaduna-Kano (AKK) gas pipeline project just as Nigerian…
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Dr. Ngozi Okonjo-Iweala has said that she feels she has “strong support” from Africa and expects African leaders to unite behind one…
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Government debt burdens across sub-Saharan Africa are rising at a faster pace and to higher levels than elsewhere in emerging markets, heightening…
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Department of Petroleum Resources DPR, has changed the way marginal oilfields are allocated to avoid legal problems that bedevilled a previous bidding…
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BusinessEconomyNews
Workers in Chemical protest against threat of mass retrenchment in Nycil management
Workers in the chemical sector of the nations economy are protesting against the lock out and threat of mass retrenchment by the…
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Losses in Industrial Goods stocks – BUACEMENT (-10.0%), DANGCEM (-0.8%) and WAPCO (-7.4%) – resulted in a 153bps dip in the benchmark index to settle at 24,479.16 points. As a…
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Furthering its commitment to safeguard the investments and savings of customers, Africa’s largest retail bank, Access Bank PLC, has introduced *901*911#. The…
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EconomyFinanceNews
Platform for collaboration on tax invites public comments on the draft toolkit on tax treaty negotiations
The Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and World Bank Group – is…
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The local bourse started the week on a positive note following gains in NESTLE (+4.7%), OKOMUOIL (+10.0%) and FBNH (+1.9%) thus pulling the benchmark index up 12bps to…
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The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will receive a boost tomorrow as President Muhammadu Buhari performs…
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Shareholders of Transcorp Hotels Plc have unanimously approved the company’s plan to raise the sum of N9.9 billion through a rights issue.…
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Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading…