Trading

South African Port Operator Declares Force Majeure At Key Terminals

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 […]

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Equities Index Falls By 0.12%

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 […]

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Public-Private Partnership: 158 Projects Incorporated In 2020- ICRC

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.  […]

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Oil Prices Drop By 0.5%

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 […]