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Local stock market opens week positive by 0.47% increase
Equities trading at the Nigerian Exchange Limited (NGX) begins the week on a position move as the Index increases by 0.47 per cent on Monday.The domestic bourse closed higher by 0.47 per cent to settle at 38,849.08 basis points amid…
As data centre market nears $174 bn, Schneider Electric advocates preparedness for optimum benefit
Schneider Electric has emphasised the need for companies to invest in a data centre for optimum benefits in the nearest future. This is coming as a result of Covid-19 pandemic which has put more pressure on industrial operators to…
Lagos Marriott Hotel to host maiden aviation, cargo, export conference in Nigeria
The newly opened Lagos Marriott Hotel will play host to the First AviaCargo Event in Nigeria. Mr Chike Ogeah, the Managing Director of Macfolly Hospitality Limited the owners of Lagos Marriott, said this when he led the organisers round…
Equities investors gain N376bn in 3 days as ASI adds 1.9% WoW
Despite the shortened trading week due to the public holidays on Tuesday and Wednesday, the bulls regained dominance of the market at the Nigerian Exchange Limited (NGX).The All-Share Index advanced by 1.9 per cent w/w to close at…
Ogun, Lagos top list of $1.69bn investment destinations in Nigeria in Q2 ― NIPC
Following the investment announcement of over $1.69 billion into Nigeria in the second quarter (Q2) of 2021, Ogun and Lagos State have come top on the list of investment destination in the country.According to the Nigerian Investment…
CBN insists Nigerian banks are safe, sound
Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Monday, July 26 – Tuesday, July 27, 2021, the financial system regulator has reiterated that Nigerian Deposit Money Banks (DMBs) and other…
Oyo willing to takeover Ibadan airport — Makinde
OYO State Governor, Mr Seyi Makinde, on Thursday, said the state is willing to lead the charge to turnaround the Ibadan airport if the Federal Government will agree to hand it over. The governor, who stated this while hosting the joint…
CBN to launch digital currency following Osinbajo’s suggestion
The Central Bank of Nigeria has said it will launch its digital currency on October 1 following an advice by the Vice President Yemi Osinbajo that cryptocurrency should be regulated not banned.The decision to launch its digital currency…
NGX: Dangote Cement stocks push market to positive close
Following the second tranche of Dangote Cement's proposed share buyback, on Thursday, buying interest in the company's stocks ensured the market closed higherPrecisely, the high cap stock recorded a 7.8 per cent increase in its share…
No country can demarket Nigeria as Dubai’s loss is our gains —Akporiaye
AT the end of the ongoing breakdown in communication created by the United Arab Emirates authorities following its COVID-19 protocols which singled out Nigerian travelers for discriminatory treatment, the Arab nation may be the greatest…