admin

Dangote in Market for 2mln Barrels of US Crude Dangote refinery is looking for millions of barrels of U.S. crude oil, according to a document seen by Reuters. The 650,000-barrel-a-day refinery, which is hoping to emerge at full capacity to become the continent’s largest this year or next, is in the market for two million […]

Dangote Sugar Opens 181-day C/Papers for Subscription at 20.65% Dangote Sugar Refinery Plc has opened its series four and five commercial papers for subscription at the coupon rate of 20.6511% for 181-day bills, translating to 23% yield on investment placement. The company’s also open commercial paper with 265 days tenor at 21.1669% or 25% yield […]Read More

Bleak Outlook for Naira as Exchange Rate Hits N1533.99 The naira pulled backward again in the forex markets due to a surge in demand for the US dollar. The local currency came under pressure following the return of FX liquidity scarcity at official and parallel markets. According to data obtained from FMDQ, the naira depreciated […]

Equities Investors Gain N467bn as Airtel Rebounds Equities investors wealth increased by about N467 billion on Thursday due to about 9% valuation surge recorded by Airtel Africa, supported by others. The telecom company had shed weight in the market following an unimpressive earnings performance. Due to size advantage of the market mover, buying interest in […]

NECO Denies Extending Closing Date for 2024 SSCE Internal Registration The National Examinations Council (NECO) says it has not extended the closing date for the 2024 Senior School Certificate Examination (SSCE) internal registration. The Council said this in a statement in Abuja on Thursday, by its Acting Director, Directorate of Information and Digital Communication, Mr […]

Emirates to Resume Lagos-Dubai Flights October 1 amidst Visa Ban Amidst visa ban, Emirates Airlines says it will resume services to Nigeria from October 1, 2024, operating a daily service between Lagos and Dubai. In an official statement released on Thursday, the airline, with its hub in the United Arab Emirates (UAE), said flight services […]

Rivers State Government Says Ongoing Elele-Omoku Road Awarded at N80bn The Rivers Commissioner for Information and Communication, Mr Joseph Johnson, says the ongoing dualization of the  Elele/Umudioga/Egbeda/Ikiri/Omoku Road was awarded at N80 billion. Johnson disclosed this in Port Harcourt on Thursday while talking about the achievements of the Gov. Siminalaye Fubara-led administration after one year […]

Reps Threaten to Cancel PPP, Concessions, Invite Minister of Transport, NRC The House of Representatives Committee investigating Public Private Partnership and Concessions programme has threatened to cancel all leases and concessions in Federal Ministry of Transport. Rep. Ademorin Kuye, Chairman, House Committee on Public Assets made this known when the delegation from the Federal Ministry […]

Equity Market Extends Losses by 0.13% The Nigerian equity market extended its losses for the fourth consecutive session on Wednesday, declining by 0.13 per cent due to profit-taking in Tier-one banking stocks. Sell-offs in Zenith Bank, FBN Holdings, United Bank of Africa(UBA), Access Corporation, Fidelity Bank, FCMB, as well as Transnational Corporation, PZ Cussons Nigeria, […]

The Federal Government, through the Nigerian Education Loan Fund, on Thursday night announced that May 24, 2024, was the official date for “the opening of a portal for student loan applications,” a statement signed by the media lead of the Fund, Nasir Ayantogo said. Ayantogo, in a statement, said the opening of the application portal […]

The Registrar-General and CEO of the Corporate Affairs Commission (CAC), Hussaini Magaji, SAN, has put the Commission’s service providers on notice, demanding improved performance in line with global best practices or face punitive sanctions. Addressing a meeting with all service providers working for the CAC’s online Companies Registration Portal (CRP) platform today, Magaji charged them […]

The Federal Government has denied reports that it planned to access to pension contributions for infrastructure development. The Minister of Finance and Coordinating Minister for the Economy Wale Edun, in a statement, assured Nigerians their “hard-earned savings and pension funds are safe”. The Minister emphasised the stringent regulations governing the pension industry. He noted: “There […]