Dangote Sugar creates three billion new shares
abokimallamfx Shareholders of Dangote Sugar Refinery (DSR) Plc have approved the creation of three billion new ordinary shares of 50 kobo each to increase the authorised share capital of the sugar…
2020
Nigeria, China completing negotiations on N43.24bn Ibadan port
Nigeria, China completing negotiations on N43.24bn Ibadan port. The negotiations between the Federal Government and China Railway Construction Corporation Limited for the construction of the Ibadan Inland Dry Port is…
Access Bank to acquire Zambian Cavmont Bank
Access Bank has announced that its subsidiary in Zambia is in advanced discussion with Cavmont Capital Holdings to acquire Cavmont Bank. The bank in a letter to the Nigerian Stock…
CBN debits banks N118bn for default on CRR, LDR
A total of N118 billion have been debited by the Central Bank of Nigeria (CBN) from the accounts of some banks for defaulting in the cash reserve requirement (CRR) as…
July 2020 Exchange Rate
Nigerian (Naira) Currency Exchange Rate For | Dollar | Pounds | Euro & Other. DATE Countries & Currency Qnty Curr. Flags BUY SELL 30.07.2020 United States Dollar $1 USD ₦462…
Why NSE recorded increase amidst COVID-19
Analysts have attributed the recent increase in investment recorded on the floor of the Nigerian Stock Exchange to a lot of reasons, especially on the portfolio investors’ cash trapped in…
NDDC Covid-19 PPE contract fraud denied
The Niger Delta Development Commission (NDDC) has denied awarding a contract of N5.55 billion for the procurement of Personal Protection Equipment (PPE) and other kits to fight the spread of…
Goldman Sachs foresees another oil price crash
While it may be tempting to argue that the worst is behind us for oil price given the historic collapse in WTI which crashed to negative $40 on Monday as…