Business

FTSE Russell reclassification, opportunity to deepen Nigeria’s market — NGX Group CEO

The confirmation of Nigeria’s return to FTSE Russell’s Frontier Market universe creates an opportunity to deepen the country’s capital market, broaden international participation and mobilise more long-term capital for Nigerian businesses, Temi Popoola, Group Managing Director/Chief Executive Officer of NGX Group, has said. FTSE Russell has confirmed that Nigeria’s reclassification from Unclassified to Frontier Market […]
Visible Articles 5 10 15

FMDQ targets N175trn market turnover in 2017

FMDQ OTC Plc has said that it target is to achieve N175 trillion market turnover come 2017 as it pursues its strategic intent of bringing about revolutionary changes and fostering development of the Nigerian Over-the-Counter (OTC) financial market.

Saudi Arabia deepens Asia oil discount to record low

Saudi Arabia, the world’s largest crude exporter, cut pricing for March oil sales to Asia, a sign that the desert kingdom is continuing to fight for market share. Saudi Arabian Oil Co. lowered its official selling price for Arab Light crude by 90 cents to $2.30 a barrel less than Middle East benchmarks, the company said in an e-mailed statement. That’s the lowest in at least the 14 years.

‘Effects of the loss of N846bn NSE money on the economy’

The crisis facing Nigeria’s economy following the decline in crude oil prices at the international market is already taking its toll on foreign investment flow into the country, as foreign investors just pulled N846.53 billion investments from the Nigerian Stock Exchange (NSE). The National Co-ordinator, Centre for Societal Values and Development, also a legal practitioner, Mr. Silas Udoh, spoke on the need for the three tiers of government to invest more in Small and Medium Enterprises (SMEs), blaming the Central Bank of Nigeria (CBN) on Naira devaluation and other issues in the economy

Nigeria loses N1bn daily to rice importation

The Special Adviser to the President on the New Partnership for Africa’s Development, NEPAD and African Peer Review Mechanism, APRM, Ambassador Mrs. Fidelia Akuabata Njeze, says Nigeria loses N1billion daily to rice importation.

Exit mobile version