Business

Investors in the Nigerian equity market went home with N444 billion at the close of trading on Wednesday. This follows the growth in stock prices of stocks such as SFSREIT (Skye Shelter Fund), HONEY FLOUR (Honeywell Flour Mill), and MEYER (Meyer Plc) among others on the trading floor. After five hours of trading in the capital market, equity capitalization increased …

Nigeria’s equity market returned from the Eid-el-Mauldah holiday on Tuesday with a gain of N131 billion for investors. This follows a surge in the prices of shares such as FLOUR MILL, FBNH (First Bank of Nigerians Holdings), and VITAFOAM among others on the trading floor. After five hours of trading in the capital market, equity capitalization increased to N56.1 trillion …

The new Management of Salala Rubber Corporation in Weala, Margibi County, discloses the plan to resume operation following closure in June. By Ramsey N. Singbeh, Jr., in Margibi Margibi, Liberia, Sept. 16, 2024: Mr. Jetty (Upjit Singh Sachdeva), owner and operator of Jetty Rubber LLC in Weala, Margibi County, recently acquired the Salala Rubber Corporation or SRC in the same …

The National Association of Aircraft Pilots and Engineers (NAAPE) has postponed a protest planned for Wednesday. Workers on September 12 announced plans for a strike following the Federal Government’s 50% cut in internally generated revenue (IGR) from airlines. NAAPE is the parent body of unions in the aviation sector. The association comprises members of the National Union of Air Transport …

The National Bureau of Statistics (NBS) said on Monday that the country’s unemployment rate fell to 32.15% in August. This figure is lower than 33.40% in July. According to the Consumer Price Index (CPI) report released by the Bureau, food inflation reached 37.52% in the same month. NBS said: “Looking at the movement, the headline inflation rate in August 2024 …

The Nigerian National Petroleum Corporation (NNPCL) has released another version of its estimated price of petrol purchased from the Dangote Refinery. The second version comes just hours after NNPC released the initial version and contains several adjustments. While the estimated pettol price data remains the same, the analysis of the state-owned oil company’s transactions with the Dangote Refinery has changed. …

The deliberate holding back on imports of rice, thereby creating an artificial shortage of the commodity on the local market to force the government to yield to the demand for price increases, has been the strategic move of rice importers. Tuesday, September 17, 2024/Rice importers here appear to be playing games with the Liberian Government over the nation’s staple in …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed concern over the decision of the Nigerian National Petroleum Corporation (NNPCL) to sell petrol sourced from the Dangote Refinery at a higher price than imported petrol. Speaking on Channels Television’s The Morning Brief breakfast programme on Monday, IPMAN National Welfare Officer, John Kekeocha, questioned the logic behind the price difference. …

The National Bureau of Statistics (NBS) said on Monday that the country’s unemployment rate fell to 32.15% in August. This figure is lower than 33.40% in July. According to the Consumer Price Index (CPI) report released by the Bureau, food inflation reached 37.52% in the same month. NBS said: “Looking at the movement, the headline inflation rate in August 2024 …

The National Bureau of Statistics (NBS) said on Monday that the country’s unemployment rate fell to 32.15% in August. This figure is lower than 33.40% in July. Details later… LATEST Post: Nigeria inflation drops to 32.15% first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.