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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 …

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The naira weakened by N110 against the US dollar on the official exchange on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency was trading at N1,656/$1, up from N1,546/$1 traded at the official window the previous day. However, the naira strengthened by N5 against the dollar in the parallel forex market to trade …

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 …