By Kayode Tokede Transaction on the Nigerian Exchange Limited (NGX) on Monday equities market closed on a positive note with N3 billion gain amidst Eid el-Kabir celebration. In summary, the NGX All-Share Index (ASI) increased by 5.47 basis points, representing…
By Kayode Tokede Globally, the green bond market has shown exponential growth as corporate entities and governments are raising funds from the debt capital markets (DCM) to finance environmentally friendly projects to support the development of their countries. FMDQ Securities…
By Kayode Tokede Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the shareholders of the Company and the capital market. This was contained in a circular released by the SEC…
The African Export-Import Bank (Afreximbank), says it has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings and Global Credit Ratings (GCR). A statement issued in Cairo on Monday by Amadou Sall, Afreximbank’s media…
Brent, the crude against which Nigeria’s oil is priced, dropped in price on Monday morning following the agreement reached by members and allies of the Organisation of Petroleum Exporting Countries to increase oil production. Industry figures showed that Brent fell…
Airtel Nigeria has clarified that its Chief Executive Officer, Olusegun Ogunsanya, was misquoted over the renewal of the telco’s licence. Contrary to an alleged claim that Airtel had renewed its operating licence, due on Wednesday, the telco company insisted that…
An angry mob on Monday evening meted out jungle justice on three suspected motorcycle thieves in Ayobo area of Lagos. The three suspects, who allegedly stole two brand new motorcycles at Olorunsola, Ayobo, Ipaja, Lagos were set ablaze after lynching…
An Abakaliki Magistrates’ Court Monday ordered the remand of three persons at the Correctional Centre for allegedly stealing goats. The defendants, Monday Effia, 42, Amaechi Ofoke, 35, and Uchenna Omaka, 36, were arraigned by the Ebonyi Command of the Nigeria…
…Analysts blame hike in borrowing on revenue shortfall …Govt borrowing from bank is less productive — Former President, CIBN By Uthman Salami & By Ogaga Ariemu, Abuja On the heels of government borrowing to finance budget, the Central Bank of…
The Nigerian passport is ranked 101st out of 199 countries, according to the ranking done by the Henley Passport Index, described as the original, authoritative ranking of all the world’s passports. The index ranks passports, according to the number of…
