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0 Views The Central Bank of Nigeria (CBN) has collected N1.4 trillion ($3.9 billion) from banks with excess cash holdings as part of measures to support the currency, banking sources told Reuters. This came as the naira began hitting new lows on the over-the-counter spot and black markets since last month after the apex bank […]

3 Views Stakeholders in the Contributory Pension Scheme have been reacting to issues emanating from different sectors on the need to use the pension funds which stood at N10.2tn as palliatives as a result of the effects of COVID-19 effect on the country. According to the pension operators, the Pension Reform Act which introduced the […]

2 Views The dollar sold for N450 in the parallel market on Friday, showing a shallow and dry reflection of the foreign exchange market. Impact of the crude oil prices which had been fluctuating, and fell  to as low as $21, had also been taking its toll on the strength of the naira. The President, […]

2 Views Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic. U.S. oil futures led losses after U.S. crude inventories rose to 518.6 million barrels in the week […]

2 Views Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, while oil took another spill as the world ran short of space to store it all. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.2% in early trade, […]

1 Views The yen held its ground on Monday after the Bank of Japan removed limits on its government bond purchases and increased corporate debt buying to help companies hit by the coronavirus crisis. The BOJ’s decision was widely in line with expectations, so traders instead shifted their focus to a U.S. Federal Reserve meeting […]

11 Views The Nigerian equities market today (Friday) ended the week on a positive note, with a gain of 0.57%, following bargain hunting bellwether stocks like MTNN, ZENITHBANK and 14 others. Consequently, the market breadth closed positively, recording 16 gainers as against 14 losers.   NSE Trading Floor In summary, the All-Share Index (ASI) increased […]

19 Views COMPANY PCLOSE OPEN HIGH LOW CLOSE CHANGE %CHANGE AVG PRICE TRADES  VOLUME  VALUE SDNDEP 295 295 295 295 295 0 0 295 1 348 102660 SDNIPCOPLC 71 71 64 64 71 0 0 64 1 5000 320000 TOTAL TRANSACTION (2) 2 5348 422660 Read more https://gtigroupblog.com/daily-price-list-nasd-friday-24th-april-2020/

11 Views COMPANY PCLOSE OPEN HIGH LOW CLOSE CHANGE %CHANGE AVG PRICE TRADES  VOLUME  VALUE ABCTRANS 0.35 0.35 – – 0.35 0 0.38 1 10000 3800 ACCESS 6.35 6.35 6.35 6.2 6.2 -0.15 -2.36 6.2480892065863 172 22506253 140621076.45 AFRIPRUD 3.46 3.46 3.7 3.7 3.7 0.24 6.94 3.6390425306529 39 1340492 4878107.4 AIICO 0.83 0.83 – – […]Read More

2 Views The Lagos Chamber of Commerce and Industry and experts on Thursday outlined economic adjustment models that would help cushion the effects of global oil price crash on the Nigerian economy. According to them, the plunge in crude oil price would continue to hit Nigeria badly if the Federal Government fails to adjust its […]

8 Views The Association of Bureaux d Change Operators of Nigeria (ABCON) has advised the Central Bank of Nigeria (CBN) to establish a voluntary offshore asset repatriation window to allow more foreign capital inflows into the economy. Its President, Ahaji (Dr) Aminu Gwadabe, who gave the charge in a statement yesterday, said the proposed policy […]

4 Views Shippers Association Lagos State (SALS) has said that shippers lost more than N5 trillion in one month due to the Coronavirus pandemic, that forced businesses, banks, offices and factories to shut down. The shippers are also seeking 35 per cent reduction of shipping charges during the nationwide lock down. Its President, Rev Jonathan Nicol, […]