Archives - December 2015

At the close of the market today, the Equity Market edged up with a gain of 3.11% at an aggregate of 28,642.25  (compared to 27,777.83 and 3.79% gain recorded yesterday). Diagnosis: Today’s All Share Index’s gain of 3.11% was as a result of strong bullish activities arising from sustained positive market sentiments as equity investors executed a large …

PUNCH Nigeria to acquire two satellites from China for $701m Nigeria has opened talks with China for the financing and construction of two new communication satellites at a cost of $701m.[Read More…] Naira drops to 262 against dollar The naira weakened against the United States dollar at the parallel market on Wednesday. The local currency closed …

  At the close of the market today, the Equity Market ended trading session with an aggregate of 27,777.83 to capture a significant gain of 3.79% (compared to 26,763.24 and 0.40% loss recorded yesterday). Diagnosis: Today’s All Share Index’s gain of 3.79% was as a result of strong bullish activities arising from significant improvement in the purchase of blue-chip stocks in the Consumer Goods …

PUNCH Nigeria, others need to boost refining capacity – OPEC The Organisation of Petroleum Exporting Countries has highlighted the need for more refining facilities in Nigeria and other African countries to meet their growing demand for petroleum products.[Read More…] Reduce $38 oil benchmark, TUC tells FG The Trade Union Congress of Nigeria, Rivers State Council, has …

PUNCH Sterling Bank gets ISO 20000-1 certification Sterling Bank Plc says it has received the TCIC ISO 20000-1 certification in recognition of its attainment of global best practices in service management.[Read More…] DAILY SUN CBN releases N250m agric loan to Lagos cooperative members Central Bank of Nigeria (CBN) has released N250 million to Lagos State Agro-allied …

  At the close of the market today, the Equity Market ended trading session with an aggregate of 26,763.24 to capture a further loss of 0.40% (compared to 26,871.24 and 0.17% loss recorded last week Wednesday). Diagnosis: Today’s All Share Index’s loss of 0.40% was as a result of relatively greater losses arising from bearish …

  At the close of the market today, the Equity Market ended trading session with an aggregate of 26,871.24 to capture a loss of 0.17%  (compared to 26,918.22 and 0.71% gain recorded yesterday). Diagnosis: Today’s All Share Index’s loss of 0.17% was as a result of bearish market sentiments in the Consumer Goods, Banking and …

At the close of the market today, the Equity Market ended trading session with an aggregate of 26,918.22 to capture a gain of 0.71% (compared to 26,728.64 and 0.72% gain recorded yesterday). Diagnosis: Today’s All Share Index’s gain of 0.71% is premised on positive market sentiments, as equity investors executed a number of profitable long positions in …

PUNCH Marketers confirm subsidy payment, explain petrol scarcity Oil marketers have confirmed that the Federal Government has paid them over N400bn petrol subsidy claims and also explained why the country is still experiencing fuel scarcity.[Read More…] Govt records N103bn shortfall in revenue allocation Statutory allocation to the three tiers of government witnessed a decline of N103.95bn …

THISDAY CBN Reviews N220bn MSME Fund Guidelines to Encourage Start-ups As part of efforts to encourage entrepreneurial ventures and new businesses in the country, the Central Bank of Nigeria (CBN) has reviewed the guidelines for its N220 billion micro, small, and medium scale enterprises development fund (MSMEDF).[Read More…] Report: Banks Struggling for Forex Liquidity The declining …