Trading

South Africa’s state-owned ports and freight-rail company, Transnet SOC Ltd., has declared force majeure at the country’s key container terminals after disruptions caused by a cyber attack five days ago. Force majeure is an unanticipated or uncontrollable event that releases a company from fulfilling contractual obligations. The measure covers the Durban, Ngqura, Port Elizabeth and […]

Nigeria is set to launch a harmonised screening and reporting tools for the identification of human trafficking as part of activities to commemorate the World Day Against Human Trafficking. The Director-General of the National Agency for the Prohibition of Trafficking in Persons, NAPTIP, Senator Basheer Mohammed, made this known at a press briefing ahead of […]

The domestic equities market closed in the bearish on Tuesday dropping by 0.12% to close at 38,802.15 points while the market capitalisation closed at N20.216 trillion. At the end of Tuesday’s trading session on the Nigerian Exchange Group, a total of 243,086.071 million shares with market value of N1.90 billion were traded in 4,326 deals. Despite the negative market performance ,the exchange recorded […]

The Monetary Policy Committee (MPC) has called on the Central Bank of Nigeria (CBN) to keep monetary policy rates at current values while strengthening intervention initiatives in critical sectors of the economy. Experts at an MPC meeting recommended maintaining the status quo and strengthening intervention initiatives would be the most expedient decision to take given […]

Global structured finance new issuance volume increased 60 percent to approximately $685 billion in the first half of 2021 and could rise to $1.4 trillion by the end of 2021. In its half-year outlook, S & P Global Ratings raised its 2021 forecast for global structured finance issuance by about 15 per cent to slightly […]

The Infrastructure Concession Regulatory Commission (ICRC) says that One Hundred and Fifty-eight (158) Public-Private Partnership (PPP) projects were incorporated in Nigeria from multiple sectors across the economy.   The ICRC disclosed this in its 2020 Annual Report and Accounts on Sunday in Abuja, citing that the projects went through various stages of development, procurement and implementation.  […]

Oil prices dropped by around 0.5% on Monday, with West Texas  Oil (WTI) trading below $72 a barrel and Brent crude below $74 a barrel, amid worries over a slowdown in global oil demand after some countries posted record daily increases and extended lockdown measures over the weekend.   In the US, top health expert […]

The immediate past State Publicity Secretary of the Peoples Democratic Party, PDP, Chief Nnamdi Nwangwu, has refuted reports that some party chieftains were moving the party structure to another party. While speaking to journalists in Awka on Monday, July 26, 2021, Nwangwu debunked the claims that the party was planning to transfer her structure and election […]

The Ekiti State High Court has convicted and sentenced a former bank cashier, Ebenezer Adeolu Alonge to sixty years imprisonment for diverting N21 million deposited by customers. Others sentenced were his wife, Isakunle Olamide Oyinlola and the mother-in-law, Isakunle Eunice Moradeke. This is contained in a press statement by the Head of Media and Publicity, […]

Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the shareholders of the company and the capital market after years of legal tussle. This was contained in a circular posted on SEC’s website on Monday and obtained by the News Agency of Nigeria (NAN). NAN […]