BUA Foods Lists 18bn Shares On NGX At N40 Per Share
BUA Foods on Wednesday joined the league of listed companies on the Nigerian Exchange Ltd (NGX) with the listing of 18 billion ordinary shares at N40 per share. The company listed by its introduction under...
NGX Resumes Year Upbeat, ASI Up By 0.73%
Activities on the nation’s bourse kicked off the first trading session of the year on a positive note due to bargain hunting on BUA Cement. Specifically, the All-Share Index advanced by 309.79 points or 0.73...
SMEDAN, Google To Train 3,700 Youths On Digital Skills
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), in partnership with Google DigitalSkill, alongside MindtheGap, is to train 3,700 Nigerian youths on digital skills. A statement issued on Tuesday in Abuja by SEMDAN’s...
Barkindo Pegs OPEC Crude Demand Forecast In 2022 At 28.8mb/d
Mr. Mohammad Barkindo, Secretary General, Organisation of the Petroleum Exporting Countries (OPEC), says forecast for demand for OPEC crude in 2022 stands at 28.8 million barrels per day. The News Agency of Nigeria (NAN) reports...
OPEC+ Expected To Stick To Plan February Output Increase
OPEC+ will likely stick to its planned increase in oil output for February when it meets on Tuesday as sources say the group expects only a short-lived impact on demand from the Omicron coronavirus...
Fire At Port Harcourt Refinery Minor – NNPC
NNPC says the Jan. 1 fire outbreak at the Port Harcourt Refining Company (PHRC) was minor. The fire, caused by a spark while a 33,000-litre truck was discharging naphtha into a tank at the refinery,...
NGX Rebounds, Closes Last Trading Day With N471bn Gain
The nation’s bourse rebounded on Friday to close the last trading day of 2021 with a growth of N471 billion due to gains posted by some blue chips. Speficially, the market capitalisation inched higher by...
Tesla Recalls 55,000 Vehicles In China Due To Safety Concerns
Electric carmaker, Tesla, has recalled around 55,000 vehicles in China due to defects that could potentially make the cars less safe. Nearly 20,000 Model-S vehicles and more than 35,000 Model-3 cars are affected by the...
NGX Resumes After Christmas Break With N238bn Los
The Nigerian stock market resumed trading on Wednesday after Christmas holidays with a loss of N238 billion due to profit taking. Speficially, the market capitalisation which opened at N22.060 trillion lost N238 billion or 1.08...
SEC Warns Public Against Dealings With FinAfrica, Poyoyo Investments
The Securities and Exchange Commission (SEC) has warned the public against dealings with FinAfrica Investment Ltd and Poyoyo Investment. A circular by the management of SEC and published on the commission’s website said the activities...
Factors That’ll Shape Stock Market, Economy In 2022 – Experts
Some capital market operators have listed events that will shape the stock market and the economy in 2022. Speaking with the News Agency of Nigeria (NAN) on Tuesday in Lagos, they said the market and...
Upstream Regulatory Commission Set To Close Out 2020 Marginal Field Bid Round Programme
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to close out the 2020 marginal field bid round programme and has put in place all necessary machinery to progress the bid round exercise to...
Nembe Oil Spill: Bayelsa Govt. Faults Aiteo, Regulators On Sabotage Claim
The Bayelsa Government Technical Committee on the Nov. 5 oil leak at Oil Mining Lease (OML) 29 in Nembe on Sunday faulted claims that the leak was caused by sabotage. OML 29 oil block is...
