Tag: Trade

Naira Weakens Against Dollar At Parallel Market
July 31, 2018 No Responses

Naira Weakens Against Dollar At Parallel Market

The Naira on Monday weakened marginally against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N358.3, weaker than N358 traded on Friday, while the Pound Sterling and the Euro closed...
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GTBank, Okomu Oil, FBN Holdings, Oando, Others Sustain Sliding Profile
July 19, 2018 No Responses

GTBank, Okomu Oil, FBN Holdings, Oando, Others Sustain Sliding Profile

More firms on the floor of Nigeria Stock Exchange (NSE) sustained sliding profile on Wednesday as Bears maintained dominance for the third consecutive trading days.   At the end of the day’s trading, the All-Share Index lost 215.52 points or 0.58...
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Djibouti Insists On Free Trade Zone
July 18, 2018 No Responses

Djibouti Insists On Free Trade Zone

Djibouti Ports and Free Zones Authority (DFPZA) stood up against DP World’s claims that the opening of the Chinese-built Djibouti International Free Trade Zone (DIFTZ) was against the port operator’s exclusive contractual rights. The duo has embroiled in...
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Buhari: We’ll Be Guided By National Interests In Signing Free Trade Agreement
July 15, 2018 No Responses

Buhari: We’ll Be Guided By National Interests In Signing Free Trade Agreement

President Muhammadu Buhari says Nigeria will only be signatory to the Continental Free Trade Agreement if the nation’s national interests as well as regional and international obligations are balanced.  The President reiterated this position at the 2018 Ann...
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CBN Injects $210m Into Foreign Exchange Market
July 11, 2018 No Responses

CBN Injects $210m Into Foreign Exchange Market

The Central Bank of Nigeria (CBN), on Tuesday injected 210 million dollars into the inter-bank Foreign Exchange market to meet customers’ requests in various segments of the market.   The CBN acting Director, Corporate Communications, Mr Isaac Okoroafor sai...
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Investors Stake N4.85B On UBA, Zenith, FBN Holdings In Four Days
June 23, 2018 No Responses

Investors Stake N4.85B On UBA, Zenith, FBN Holdings In Four Days

For the week ended June 22, 2018, trading in the shares of United Bank for Africa Plc (UBA), Zenith International Bank Plc and FBN Holdings Plc accounted for 325.580 million shares worth N4.854billion in 3,381 deals, contributing 29.68% and 31.37%...
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CBN Approves Wider Margin For BDCs, Offers $100m To Wholesale Segment
June 5, 2018 No Responses

CBN Approves Wider Margin For BDCs, Offers $100m To Wholesale Segment

The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin available to operators of Bureau De Change (BDC) in the country. Consequently, BDC operators are now to buy the United States dollar from the CBN...
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Investors Stake N70.2B On Stanbic IBTC, Access Bank, Zenith Bank In Four Days
June 2, 2018 No Responses

Investors Stake N70.2B On Stanbic IBTC, Access Bank, Zenith Bank In Four Days

For the week ended June 1, 2018, transactions in Stanbic IBTC Holdings Plc, Access Bank Plc and Zenith Bank International Plc (measured by volume) accounted for 1.626 billion shares worth N70.285 billion in 2,882 deals, contributing 60.23% and 82.91% to...
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NSE, London Stock Exchange To Host Dual Listing Conference In Lagos
June 1, 2018 No Responses

NSE, London Stock Exchange To Host Dual Listing Conference In Lagos

The Nigerian Stock Exchange (NSE), in partnership with London Stock Exchange Group (LSEG) will host the 5th edition of the NSE-LSE Dual Listing Conference on Friday, June 1, 2018, at Wheathbaker Hotel, Ikoyi, Lagos, Nigeria.  This year’s conference themed, ...
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Investors Stake N14.2Billion On Zenith Bank, GTBank, UBA In Five Day
May 19, 2018 No Responses

Investors Stake N14.2Billion On Zenith Bank, GTBank, UBA In Five Day

Between Monday and Friday this week, investors on the floor of Nigeria Stock Exchange (NSE) staked N14.159Billion on Zenith Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc.  Transactions in the Top Three Equities accounted for 491.649...
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Naira Depreciates Against Dollar At Parallel Market
May 19, 2018 No Responses

Naira Depreciates Against Dollar At Parallel Market

The Naira on Friday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.  The Nigerian currency lost one point to exchange at N363, weaker than N362 posted on Thursday, while the Pound...
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Nestle Stakes $7.1b For Starbucks Coffee
May 8, 2018 No Responses

Nestle Stakes $7.1b For Starbucks Coffee

Nestle has announced that it will pay Starbucks $7.1billion  (£5.2bn) to sell the company’s coffee products. The Swiss giant, which boasts Nescafe and Nespresso amongst its brands, will have the right to market Starbucks’ coffee in retail outlets...
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Investors Stake N20.8B On 18,698 Deals In Four Days
May 5, 2018 No Responses

Investors Stake N20.8B On 18,698 Deals In Four Days

A total turnover of 1.331billion shares worth N20.835 billion in 18,695 deals were traded by investors on the floor of the Nigerian Stock Exchange (NSE) this week, in contrast to 1.825 billion shares valued at N24.653 billion that exchanged hands...
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US-Nigeria Trade Council Seeks 10 Year Visa Policy, Trade Treaty
May 4, 2018 No Responses

US-Nigeria Trade Council Seeks 10 Year Visa Policy, Trade Treaty

citybusinessnews@yahoo.com The US-Nigeria Trade Council has urged Foreign Affairs Ministry and the United States Secretary of States to expand U.S. Visa validity period from two to ten years.       Reviewing the recent visit of President Muhammadu Buhari ...
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