Business

As Nigerians continue to battle fuel scarcity, the Nigerian National Petroleum Corporation (NNPC) Limited has launched its Utapate crude blend, a new type of crude, into the international market. This development was announced in a statement issued on Monday by Femi Soneye, NNPC spokesperson. He noted that the Utapate crude blend began operations in July, as its first cargo was …

Bitcoin prices plunged below $50,000 on Monday, hitting a low not seen in more than six months. The decline in the value of digital assets occurred following widespread selling in global markets. Bitcoin fell as much as 20% to around $49,000 before recovering slightly and trading above $50,000 again. The sharp decline coincided with a worldwide stock market crash, fueled …

It was a missed result in the Nigerian equity market in the first trading of August. The stock market lost in three of the five trading sessions as the benchmark All Share Index (ASI) fell by -0.46% to close at 97,745.73 points in the previous week from 98,201.49 points. Similarly, investors lost N107.7 billion as market capitalization fell to N55.5 …

In Nigeria, land ownership is a complex and often contentious issue. For many Nigerians, land ownership is more than just a place to live or run a business; it is a significant investment and a symbol of financial security. However, the security of land ownership can be threatened by the government’s power to revoke a Certificate of Occupancy (C of …

The Nigerian Communications Commission (NCC) has denied giving permission to telecommunications companies in the country such as MTN, Glo and others to increase tariffs. Dr. Aminu Maida, the NCC Deputy Executive Chairman/CEO, stated this on his verified X account on Saturday in response to false information circulating in the telecommunications sector. Reports have emerged in some sections of the media …

Liberia’s premier GSM Company,   Lonestar Cell MTN, and Best Neo Bank (BnB) are partnering to provide International Financial transfer services. By Lincoln G. Peters  Monrovia, Liberia, August 2, 2024 –Leading Liberian GSA Company Lonestar Cell MTN, in partnership with Best Neo Bank (BnB), has officially launched an International Financial transfer service here. The MTN and BnB, Financial Service partnership, …

Investors in the Nigerian equity market enjoyed mixed feelings on the trading week on the NGX floor after a loss of N107 billion in the just-ended trading week. The exchange posted losses on three of the five trading days and made gains on two trading days as equity markets felt the impact of the #EndBadGovernance protests at the time. Market …

Nigeria’s equity market reversed a multi-day downtrend as investors gained N219 billion at the close of trading on Friday. This follows the growth in share prices of stocks such as MAY&BAKER, OKOMU OIL and OANDO, among others, on the trading floor today. After five hours of trading in the capital market, equity capitalization rose to N55.5 trillion from N55.2 trillion …

Nigerian equity markets felt the impact of the #EndBadGovernance protests on Thursday as investors lost N235 billion at the close of trading that day. This follows a decline in the prices of stocks such as MECURE, THOMASWY, and WAPIC, among others, on the trading floor. After five hours of trading in the capital market, equity capitalization plunged to N55.2 trillion …

Ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) on Thursday, oil prices jumped on Wednesday morning following reports that Hamas leader Ismail Haniyeh had been killed in Iran. A barrel of US WTI crude rose 2.47% to $77.20 while Brent crude rose 2.04% to $80.67. Hamas confirmed Haniyen’s death, claiming he was killed in a …