The Nigerian Exchange Group (NGX) closed flat amidst buy-interests and sell-offs as activities as the All-share Index (ASI) recorded 0.00% to close at 49,627.72 points. Market capitalization dropped slightly by N1 billion to close at N26.77 trillion while the Year-to-Date…
Stock market records N780bn weekly gain
Transactions on the Nigerian stock market finished the last week of 2020 on a positive note as the market capitalisation of equities rose by N780bn. The Nigerian Stock Exchange All-Share Index and market capitalisation appreciated by 3.79 per cent and…
Oil Prices Appreciate On Tight Market Supply
Oil prices appreciated yesterday as ongoing supply cuts led by OPEC kept markets relatively tight, but Brent remained below $70 per barrel on concerns over an ongoing trade war between the United States and China. Front-month Brent crude futures, the…
Groups cry out over market leader’s harassment
Two groups, the Lagos State Auto-Parts Dealers Association (LASAPDA), Mushin zone and Concerned Citizens and Stakeholders of Papa Ajao/Ladipo Community have cried out over a lingering leadership crisis at the popular Ladipo auto parts market in Mushin, Lagos State, In…
FG urges national savings to boost capital market liquidity
The Minister of Finance, Mrs. Zainab Ahmed has said that the Federal Government is willing to set up a National Savings Committee that will make recommendations to the government on the best ways to mobilise savings that would lead to…
Why Amazon is on the Verge of Absolutely Upending These 4 Markets Worth $220 Billion
There be no shelter from Amazon. The retail titan is rapidly expanding in so many directions that its front lines of competition are everywhere. Amazon is currently sending shockwaves through four different markets totaling $220 billion in value. Two of them are underway, one is…
India buys first US sweet crude, deals threaten Nigeria market
India’s state-run refiner Bharat Petroleum Corp Ltd (BPCL) bought one million barrels of US crude oil grade, the West Texas Intermediate (WTI) Midland sweet crude, for delivery in October, making it BPCL’s first purchase of the sweet variety from the…