Market

President Donald Trump on Thursday ordered a sweeping but unspecified ban on dealings with the Chinese owners of consumer apps TikTok and WeChat, although it remains unclear if he has the legal authority to actually ban the apps from the U.S.

Arla Foods continues to make significant strides in its commitment to develop the local dairy sector through backward integration, with the implementation of its very own commercial 400-cow Arla Dairy Farm in Damau, Kaduna State.

Nigeria’s telecoms company, 9mobile, has announced the launch of embedded subscriber identity module (eSIM) on its network. eSIM is a software-based digital chip that comes along with a device directly embedded by the manufacturer. eSIM replaces the traditional physical plastic SIM card for compatible devices and brings a whole new spectrum of benefits and possibilities.

A Chief Magistrates’ Court in Gwagwalada, FCT, on Wednesday, ordered that one Adeoye Olayemi, 38, who pleaded guilty to stealing a car, be remanded in the Gwagwalada police Area Command custody, pending sentencing.

The code also contains the Antitrust provision aimed at boosting local content and local industry due to laws prohibiting exclusive use of rights by broadcasters who, according to the minister, intend to create monopolies and hold the entire market to themselves.

Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.

South Africa’s central bank will extend its tool kit to manage market liquidity by adding short-term, bilateral reverse repurchases of government bonds from commercial banks, it said on Friday.

Polaris Bank has partnered with the global social media giant, Facebook, to provide free digital marketing training to SMEs in Nigeria.

Rangers forward Alfredo Morelos has agreed personal terms with Ligue 1 side Lille and the two clubs are now negotiating a fee for the Colombian international.

Trading on the nation’s bourse returned to the negative territory on Friday with key market indices declining by 0.35 per cent.

The Oyo State government will soon begin arrest and prosecution of members of the public who fail to wear face masks in any part of the state.

Activities on the Nigerian Stock Exchange (NSE) on Tuesday maintained negative sentiment, with the All-Share Index (ASI) declining further by 0.39 per cent.

The Petroleum Products Pricing Regulatory Agency (PPPRA) says full deregulation of the downstream oil and gas sector will help force down price of Premium Motor Spirit (PMS) also known as petrol.

Niger State Government has organized a stakeholder meeting with the Fulani Herdsmen within Bobi Grazing Reserve in Mariga Local Government Area of the State, as part of efforts at developing the Grazing Reserve.

Nigerian banks plan to reduce the amount customers can spend abroad using debit cards on Monday, two lenders said, as banks try to limit foreign currency settlement risk.

Inter Milan have decided to push ahead to try to buy Alexis Sanchez from Manchester United.

The nation’s bourse resumed transactions for the week on Monday with a loss of N55 billion following sell pressure in some blue chips.

Of course, the French duo is not the only one to be going to the ‘chopping block‘. This summer is looking likely to become an exodus for many players and even though Barcelona want to sell Dembélé and Umtiti, other operations might take priority simply because they’ll be much easier to pull off.