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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity.
Foreign investors’ low patronage of the Nigerian stock market has been attributed to scarcity of foreign exchange (FX) as well as concerns about the coronavirus pandemic.
Hedge funds, small investors and their stockbrokers are bracing for tougher U.S. markets regulation, with officials expected to meet this week to assess the fallout from a social-media driven trading frenzy that has roiled stocks and silver prices.
However, funds with a UK focus did badly as investors feared Brexit without a trade deal, a situation averted only in late December. Funds investing in UK assets saw 600 million pounds in outflows in the last quarter, although inflows for the year as a whole totalled 117 million pounds.
The continued flow of funds into the stock market on the back of investors’ continued search for attractive returns pushed the market capitalisation from N17.092 trillion to N19.236 trillion, while the Nigerian Stock Exchange (NSE) All-Share Index (ASI), rose from 34,250.74 to 36,804.75 or 7.46 per cent, which are new highs.
Arianna O’Dell, a 30-year-old entrepreneur and songwriter based in New York City, had a tumultuous four-year journey in cryptocurrency before selling her investments in February.
Far fewer women than men are promoted in the finance industry unless they first ask for seniority, a sign of institutional gender bias, according to a new study in Australia.
The Federal Government is seeking the partnership of the banking sector in its efforts to revamp the ailing economy occasioned by the outbreak of the coronavirus pandemic.
Local equities rebounded on resumed bargain hunting activities, overall performance measures, NSE All Share Index (ASI) grew by 0.68 per cent, halting the previous day’s loss.
Critical steps required to deepen Nigeria’s debt market was the focus of discourse in Lagos as the Annual Bonds, Loans and Sukuk Nigeria Conference was held in the Nigerian commercial capital on November 6, 2018 at the Eko Convention Centre.
Amid renewed attacks by terrorists in the North-East, the Chairman of the Senate Committee on Army, Senator Ali Ndume (APC, Borno South), says the bulk of the arms Boko Haram Islamist group is using to terrorize the region, particularly his native Borno State, were stolen from the military and other security forces.
Former Chief of Army Staff, Lt. General Azubuike Ihejirika has urged the federal and state governments as well as Nigerians to fight insecurity in the way they fought Covid-19 and won the battle.
Unknown gunmen on Monday, attacked and razed down the Apumiri Ubakala Police Station in Umuahia South Local Government Area of Abia State
Akwa United retains their lead on the 2020/2021 Nigeria Professional Football League with a 0-2 away win over neighbours Dakkada FC on Match-day 21 at the Godswill Akpabio International Stadium in Uyo.
Taiwan says it is banning the entry of non-nationals without a resident permit and the transit of international airport passengers.
Victor Osimhen’s agent William D’Avila has tipped the forward to emerge as the leading marksman in the Serie A next season.
Some youth agitating for a Yoruba nation have stormed Osogbo, the capital of Osun State, calling for the breakaway of the ethnic group from Nigeria.
The Police Command in Nasarawa says it has deployed 4,500 personnel to ensure hitch-free Eid-el-Fitr celebrations.
Taiwan accused China on Tuesday of “maliciously” blocking its access to the World Health Organization (WHO) and putting politics above people’s well-being, after Beijing signalled it would not allow the island to attend a major WHO meeting.
Bauchi State Government has ordered the immediate relocation of 298 ‘illegal’ traders from the central market, which has modern lock-up shops, as part of the state security measures.