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United Capital plc set to boost retail market

UNITED Capital Plc, a Lagos based investment house, may have leveraged its Collective Investment Scheme, CIS, over the years to grow its assets in excess of N100 billion. The apex regulatory body, Securities and Exchange Commission, SEC, has continuously emphasized that such investment scheme has features to militate against risk arising from a volatile equity […]

I-Invest produce more than N2 billion transaction in less than 6 months

Figures from the National Bureau of Statistics (NBS) show that 50% or $8.4 billion of the foreign capital imported into Nigeria last year, went to money market securities. The most liquid form of money market securities are treasury bills which are sold by the CBN every two weeks. The key buyers of these instruments were […]

Equities earn N805b in 11 tradings

Investors appear confident that the general elections and post-election policies will have no negative effect on the macroeconomic environment. Major investment firms and market analysts see a stable macroeconomic outlook, a reference to less disruption due to electoral issues and policy changes. They have cited the bullish performance of the stock market as a major […]

How electricity problem was solved in Kano market

The saying ‘necessity is the mother of invention’ is currently at play in Abubakar Rimi market at Sabon Gari in Kano as shop owners defied attempts to electrify the popular market after the fire incident that razed about 300 shops three years ago. Over N2tn worth of goods were said to have been consumed in […]

Amazon leads $700 million investment into electric pickup truck startup Rivian

Amazon.com said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive, in the e-commerce giant’s biggest bet on technologies with potential to reshape the automotive sector. The deal represents a major endorsement of Rivian’s electric vehicle technology by the world’s largest online retailer. Amazon is hoping Rivian […]

Warri port will attract $1.6m annual fee –BPE

The Director General of Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has disclosed that the Terminal ‘B’ Warri Old Port concessioned to Ocean & Cargo Terminal Services Limited is for a 25-year period and will attract an annual lease fee of $1,621,500, in addition to the entry fee and monthly throughput fee chargeable on […]

Dangote Cement, Unilever, PZ Industries and others trigger stock market rebound

Renewed bargain-hunting on some blue-chip companies, especially Unilever and Dangote cement, aided transactions on the Nigerian Stock Exchange (NSE), causing market capitalisation to increase by N14 billion. Specifically, at the close of trading yesterday, the All Share Index (ASI) was up by 39.76 absolute points, representing an increase of 0.12 per cent to close at […]

Oil prices hit $65 amid OPEC cuts

Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC-led supply cuts and a partial shutdown of Saudi Arabia’s biggest offshore oil field. Brent rose as far as $65.10, pushing past the $65 mark for the first time this year, before falling back to $64.77 by 0623 GMT. That […]

Ghana sold 13.9 million Bottles of Alomo Bitters in Nigeria.

Alomo Bitters, a herbal alcoholic drink produced by Kasapreko Ltd., a Ghanaian-owned company based in Ghana, sold 13.9 million bottles in the Nigerian market in 2018. The Nigerian Sales Representative, Kasapreko Ltd., Mr John Adesoye, told NAN on Friday in Lagos that 580,000 cartons of the product were sold in Nigeria in 2018. According to […]

Shell and partners confirm investment deal for gas project in Nigeria

Reports suggest that the Shell Petroleum Development Company of Nigeria Ltd (SPDC), along with its joint venture partners have recently confirmed the signing of a Final Investment Decision (FID) agreement regarding production of 300 million cubic feet of gas in the nation. Shell had apparently made an announcement last December saying an FID would be […]

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