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Archives - May 2016

31
May

BUSINESS NEWS BRIEF – Tuesday, May 31st, 2016

  VANGUARD Nigeria loses N13bn to oil theft, vandalism in one month Nigeria has lost N12.566 billion in one month due to petroleum products theft and vandalisation of the facilities of the Nigerian National Petroleum Corporation, NNPC.[Read More…] PUNCH Nigeria risks losing oil buyers to Iran, S’Arabia Nigeria, which recently lost its Africa’s top oil producer …

25
May

PRICELIST OF EQUITIES – Wednesday, May 25th, 2016

 As expected, the Equities market extended bullishness in today’s trading session  as the NSE ASI appreciated significantly by 3.78% to close at 28,260.61 basis points, from yesterday’s position of  0.80% gain. The Flexible exchange rate policy in the inter-bank Forex management structure helped boosted today’s trading as there was excess liquidity to trade with. It …

25
May

BUSINESS NEWS BRIEF – Wednesday, May 25th, 2016

  PUNCH CBN adopts flexible forex policy as reserves dip to $26.6bn The Monetary Policy Committee of the Central Bank of Nigeria has directed the management of the apex bank to adopt a flexible exchange rate policy in the inter-bank forex management structure.[Read More…] Reps to probe N571bn loss to tax waivers The House of Representatives …

24
May

PRICELIST OF EQUITIES – Tuesday, May 24th, 2016

  The Equities market closed on a positive note as the NSE ASI appreciated by 0.80% to close at 27,231.50 basis points, compared with the 0.37% loss recorded previously. Today’s gain was motivated by some high capitalized stocks such as DANGCEM, NB and GUARANTY amongst others. Market breadth was positive as 25 gainers led by …

24
May

BUSINESS NEWS BRIEF – Tuesday, May 24th, 2016

  THE GUARDIAN Nigeria requires N5.7tr investment to recoup losses from oil production slide Unless the Federal Government and investors in the nation’s oil and gas sector invest about $29 billion (about N5.7 trillion) between now and 2019, the country’s crude oil production may decline from its present state of two million to 300,000 barrels …

fake richard mille
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