Business

Transaction on the floor of the Nigerian Stock Exchange (NSE) Friday, witnessed a turnaround from the decrease on Thursday as key market indicators regains its momentums with 0.25 increase, bringing the year to date return to 42.14 percent. However, Unilever Nigeria Plc that is currently seeking over N58 Billion from existing shareholders through right issue, topped the gainers table for …

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  Nigeria’s leading petroleum product marketing company, Conoil Plc, has assured its shareholders of its unwavering commitment to continue to deliver a healthy performance that is consistent with its vision by delivering exceptional service to its customers and adding value to its shareholders’ investment. At its 47th annual general meeting held on Friday in Uyo, Akwa Ibom State, the frontline …

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There is good news for small businesses and farmers. They can draw from the N26 billion Agriculture and SMEs Fund, it was announced yesterday. Union Bank Managing Director Mr Emeka Emuwa broke the news in Abuja at the end of the Bankers Committee meeting. He said the board of the Agriculture and SMEs Fund had been inaugurated. The N26 billion …

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  We’ll Roll Out 5,000 New Commercial Buses in Six Months -Ambode …Says integrated transportation pivotal to growth Lagos State Governor, Mr. Akinwunmi Ambode, on Thursday said the first set of 5,000 brand new buses under the Bus Reform Initiative, a brain child of his administration, would commence operations within the next six months. Governor Ambode, who spoke when students …

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A new measure to restructure Nigeria’s debt profile by borrowing more in dollars was announced yesterday. Minister of Finance Kemi Adeosun told reporters at the end of the Federal Executive Council (FEC) meeting that the government will also refinance treasury bills. She said: “The memo that I presented and approved by council is part of efforts to restructure our debt …

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African Export-Import Bank (Afreximbank), said it is opening its shareholding to the investing public with a 300 million dollars equity offering through the issuance of depositary receipts. According to a statement by the bank’s Head of Communications, Mr. Obi Emekekwue, on Thursday said that the equity offering would be held under its Class “D” shares. The bank’s Class “D” are …

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Renowned automobile firm, Mercedes-Benz has sustained its successful streak of double-digit growth since the beginning of the year. Already, the firm has commenced the third quarter with a new sales record of 181,791 vehicles sold in July. This now adds up to a total global sale of 1,326,065 vehicles worldwide – a percentage growth of 13.3% compared to 2016. “With …

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Nigeria’s ride hailing sector is about to witness a major disruption with the entrance of Alpha1 Rides: a technology services platform that supports the transportation and logistics business in Nigeria, as they have premised their model on technology and quality service. With commencement planned for September 1, Alpha1 Rides is poised to introduce high tech solutions to some of the …

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The Securities and Exchange Commission (SEC) Capital Market Committee (CMC) meeting will hold next week in Lagos. The meeting is the second in 2017, the CMC meeting is where key stakeholders in the capital market meets to discuss issues and development in the market and how to proffer solution for the growth of the market. In a similar vein the …

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Market capitalisation on the Nigerian Stock Exchange appreciated by N164 billion or 1.27 percent to close at N13.097 trillion against N12.933 trillion it closed at on Monday. The last time market capitalisation hovered around N13 trillion was in September 2014 when the average market cap was N13.5 trillion. The all share index (ASI) also improved by 474.12 points to close …

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