MARKET UPDATE
AUGUST 22, 2017NIGERIA STOCK EXCHANGE (Market Open) SUMMARY:All Share Index 36,584.44Deals 3,729.00Volume 368,381,759.00Value 6,272,685,687.99Market Cap 12,609,660,207,550.90TOP GAINERSBETAGLAS 59.84 (2.51)FLOURMILL 31 (2.49)NB 2.49 (2.48)GUARANTY 40.7 (1.2)UNILEVER 46 (0.5)TOP LOSERSNESTLE 1200.01 (-9.99)DANGCEM 215.62 (-9.38)STANBIC 38.11 (-0.74)WAPCO 58.5 (-0.5)ZENITHBANK 24 (-0.28)CBN EXCHANGE RATE (NGN)Buying:$USD 304.7GBP 392.4536 EURO 358.571SWISS FRANC 315.2939 YEN 2.7941 Selling:$USD 305.7£GBP 393.7416EURO 359.7478SWISS FRANC 316.3286YEN 2.8033CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) $50.79Natural Gas 2.96 (0.067)Gold 1295.70 (4.10) Silver 17.025 (0.025)Copper 2.985 (0.0455)Wheat 410.25 (-5.75)Coffee 130.45 (-1.25)Cotton 67.44 (0.16)Cocoa 1890.00 (-32.00)
Home » BUSINESS (page 20)

BUSINESS

Google fined record €2.4bn by EU over search engine results

  Brussels claims tech giant abused market dominance by manipulating its search engine results to favour its own comparison shopping service The European Union has handed Google a record-breaking €2.42bn (£2.14bn) fine for abusing its dominance of the search engine market in building its online shopping service, in a dramatic decision that has far-reaching implications for the company. By artificially ... Read More »

Our refinery‘ll transform economy, says Dangote

Dangote Group’s investment in oil and gas will transform the economy from a single commodity market to a sustainable diversified economy, Chief Executive Aliko Dangote has said. His mission is to reverse Nigeria’s import-dependency to self-sufficiency in commodities it has spent its earnings to import, the frontline businessman said. Dangote told a forum of international business leaders and Nigerian business ... Read More »

UBA Foundation launches Read Africa in Liberia

In pursuance of its mission to uplift the lives of the communities in which the United bank for Africa (Plc) operates, UBA Foundation’s initiative, Read Africa is visiting schools in African countries to encourage young children embrace the culture of reading. Read Africa is an initiative of UBA Foundation geared at rekindling the dwindling reading culture amongst African youths. Conceived ... Read More »

South African Bankers Excited With LBS Training, Keen On Investment In Nigeria

South African Investment Bankers have lauded the Lagos Business School for hosting the International Executive Development Programme (IEDP) for the Banking Sector and Training Authority (BANKSETA), held in Lagos Nigeria. The five-day programme which started on Monday, June 19, 2017, brought together high potential leaders from the investment banking sector in South Africa and immersed them into the best practices ... Read More »

Adesina wins prestigious $250,000 World Food Prize

Akinwumi Adesina, president of the African Development Bank, has been named the winner of this year’s World Food Prize. The prestigious U.S.$250,000 prize is given annually to a person who has worked to advance human development by “improving the quality, quantity or availability of food in the world”. Over a 31-year existence, the award has become known as the ‘Nobel Prize’ ... Read More »

Power, Environment, Transport Sectors To Get More Attention In Lagos – Ambode

…Says Lagos Open To Assist, Learn From Other States Lagos State Governor, Mr. Akinwunmi Ambode has said that his administration would prioritise attention to the Power, Environment and Transportation sectors in the next two years to drive all round development of the State. Governor Ambode, who spoke during an interview session with journalists, said the three sectors are crucial to ... Read More »

$1.2b Debt: Banks consider legal action against Etisalat’s Core Investor

The 13 banks that raised $1.2billion loan for mobile operator Etisalat Nigeria may press criminal charges against directors of Mubadala Development Company of the United Arab Emirates (UAE). This is the latest option the banks are considering to recover the outstanding part of the facility. It was gathered that the banks held a meeting at the weekend to consider engaging  ... Read More »

Stop blackmailing us: Senators, Reps Tell Fashola

The Senate and House of Representatives are squaring up to Works, Housing and Power Minister Babatunde Fashola over allegation that the legislature messed up the ministry’s 2017 budget. They labelled the minister’s allegation as wrong information, half truth and blackmail. Fashola, last week, accused the lawmakers of slashing his ministry’s appropriation for some critical projects, and at the same time ... Read More »

FG To Launch New Tax Awareness Initiative

The Acting President, Professor Yemi Osinbajo will launch the Voluntary Asset and Income Declaration Scheme (VAIDS) on Thursday, June 29. According to a statement from the Federal Ministry of Finance on Friday, the VAIDS outlines the Federal Government’s plan to increase tax awareness and compliance, as well as grant taxpayers a time-limited opportunity to regularise their tax status without penalty. ... Read More »

NSE: Investors lose N780bn in three days

The losses recorded by many stocks listed on the Nigerian Stock Exchange in the last three days of trading have wiped out a total of N780bn in investor wealth. The NSE All-Share Index fell by 2.45 per cent to close at 32,233.80 basis points on Friday, while the market capitalisation of listed equities dropped to N11.107tn from N11.386tn on Thursday. ... Read More »