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Monday, June 21, 2021
Nigerian Stock Exchange

Equities Rebound With N102bn Gain

Equities Rebound With N102bn Gain       Nigerian equities rode on the back of renewed bargain-hunting to a significant rebound yesterday, rounding up N102 billion in net...

E-payment Transactions Rose By N80bn To N21trn In June

E-payment Transactions Rose By N80bn To N21trn In June       Transactions through electronic payment (e-payment) channels increased by N80 billion to N21.27 trillion in May 2021...

AfCTA To Boost Africa’s Exports By $560bn – FG

AfCTA To Boost Africa’s Exports By $560bn - FG       When fully operational, the African Continental Free Trade Area (AfCFTA) agreement will boost exports in the...

LCCI Lists Effect Of Twitter Ban On Businesses

LCCI Lists Effect Of Twitter Ban On Businesses       The Lagos Chamber of Commerce and Industry (LCCI) has warned against what it described as collateral damage...

African Carriers Record $10.2bn Passenger Revenue Loss

African Carriers Record $10.2bn Passenger Revenue Loss       The African Airlines Association (AFRAA) has released its 2020 Africa Air Transport Report indicating that carriers on the...

Stocks Cut Losses As Market Capitalisation Rises To N20.19trn

Stocks Cut Losses As Market Capitalisation Rises To N20.19trn       The Nigerian stock market reversed some of its recent losses last week as the market capitalisation...

FOREX: Turnover In I&E Rises By 132% To $2.6bn

FOREX: Turnover In I&E Rises By 132% To $2.6bn       The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian...
MD NEXIM ABBA BELLO

NEXIM Rolls Out N500bn For Non-Oil Export

NEXIM Rolls Out N500bn For Non-Oil Export       The Nigeria Import Export Bank (NEXIM) is implementing N500 billion Non-oil Export Stimulation Facility and N100 billion Export...

CBN Increases Forex Allocations To Banks

CBN Increases Forex Allocations To Banks       The Central Bank of Nigeria on Sunday announced an increase in foreign exchange allocations to banks to meet the...

NAICOM rolls out 3-Year Plan to Energise Insurance Sector.

NAICOM rolls out 3-Year Plan to Energise Insurance Sector. The National Insurance Commission (NAICOM) has rolled out a  three-year plan  to energise the insurance sector...
Nigerian Stock Exchange

Improved Price Gains Spike Capitalisation By N34bn

Improved Price Gains Spike Capitalisation By N34bn       Price gains in many blue-chip stocks, especially Johnholt and ABC Transport, aided transactions on the Nigerian Exchange Limited...

UK Firms Urge Fed Govt To Provide More Forex

UK Firms Urge Fed Govt To Provide More Forex       United Kingdom companies operating in Nigeria have urged the Federal Government to provide more foreign exchange...

Foreign Stock Investors Withdraw N99.94bn In Four Months

Foreign Stock Investors Withdraw N99.94bn In Four Months       A total of N99.94bn was pulled out by foreign investors from the Nigerian stock market in the...

$40bn Investments Needed for Nigeria’s Gas Plan – NNPC

$40bn Investments Needed for Nigeria’s Gas Plan - NNPC       The Nigerian National Petroleum Corporation (NNPC) has said that the Nigerian oil and gas industry will...

Forex: ABCON Bans Street Hawking, Moves To Cut Rate

Forex: ABCON Bans Street Hawking, Moves To Cut Rate       The Association of Bureau De Change Operators has said it will commence what it called ‘Operation...
Crude Oil Prices

Oil Hits $71 On Rising Demand Hopes In US, China

Oil Hits $71 On Rising Demand Hopes In US, China       Oil prices were higher on Wednesday as negotiations over the Joint Comprehensive Plan of Action...

N796bn Investors’ Losses In May Extends Into June

N796bn Investors’ Losses In May Extends Into June       Insecurity in the country and other macroeconomic challenges, coupled with uncertainty in the global economy, may continue...

Oil Industry’s Upstream Spending Dropped By 30% In 2020 – Barkindo

Oil Industry’s Upstream Spending Dropped By 30% In 2020 - Barkindo       Meanwhile, the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi...

Milk Import Gulps N619.5bn Annually

Milk Import Gulps N619.5bn Annually     Milk importation into Nigeria gulps N619.5 billion (about $1.5bn) years due to the country’s non self-sufficiency in milk production. Speaking during...
Crude Oil Prices

Oil Price Rises Above $70, OPEC Projects Demand Growth

Oil Price Rises Above $70, OPEC Projects Demand Growth       The international oil price, Brent crude, rose above the $70 per barrel mark on Tuesday, with...