nigeria

NGX TRADING SUMMARY FOR WEDNESDAY, SEPTEMBER 18, 2024 1. Trading Volume and Value: Total shares traded: 361,302,533 Total deals: 9,627 Market value: NGN 7,566,540,873.24 2. Comparison with Previous Trading Day (September 17, 2024): Volume decline: 23% Turnover decline: 19% Deals decline: 20%...

THREE MARKETERS TO IMPORT 141 MILLION LITRES OF PETROL Summary of the Article: Three major oil marketers are set to import approximately 141 million litres of Premium Motor Spirit (PMS) into Nigeria this week. This follows the full deregulation of the downstream oil sector by the Federal...

PRIVATE SECTOR CHALLENGES NBS REPORT ON INFLATION DROP, CITING MARKET REALITIES SUMMARY OF THE ARTICLE: The Organised Private Sector (OPS) has criticized the recent Consumer Price Index report by Nigeria’s National Bureau of Statistics (NBS), which indicated that inflation rates dropped from...

NIGERIA’s INFLATION RATE EASES AGAIN IN AUGUST TO 32.15% Previous Rate: The rate was 33.40% in July 2024. 2. Food Inflation: Food Inflation Rate: Recorded at 37.52% in August 2024. Previous Rate: Was 39.53% in July 2024. 3. Inflation Indicators: Purpose: Inflation indicators compare the...

NNPC ANNOUNCES PETROL PRICES FROM DANGOTE REFINERY ACROSS NIGERIA 1. Announcement by NNPC: The Nigerian National Petroleum Company (NNPC) Ltd released the retail prices of Dangote petrol for different states across Nigeria. The announcement was made via a social media post on Monday, September...

DISPUTE BETWEEN DANGOTE REFINERY AND THE DEPOT AND PETROLEUM PRODUCTS MARKETER'S ASSOCIATION OF NIGERIA (DAPPMAN). The recent news highlights a dispute between the Dangote Refinery and the Depot and Petroleum Products Marketer's Association of Nigeria (DAPPMAN). The conflict centers on...

DIGITAL EXCHANGES TO BOOST YOUTH INVOLVEMENT IN CAPITAL MARKET Summary: - SEC's Approval: The Securities and Exchange Commission (SEC) has granted approval-in-principle to two cryptocurrency exchanges, Busha Digital Limited and Quidax Technologies Limited. This move aims to enhance youth...

DANGOTE URGED TO BE CONSIDERATE IN PETROL PRICING Summary: - Appeal to Alhaji Aliko Dangote: Segun Showunmi, a prominent member of the Peoples Democratic Party (PDP) in Ogun State, has called on Alhaji Aliko Dangote, owner of Dangote Refinery, to prioritize national interest and fairness over...

NGX TRADING SUMMARY FOR THURSDAY, SEPTEMBER 5, 2024 Overall Trading Activity: - Total Shares Traded: 388,616,945 - Number of Deals: 9,897 - Market Value: NGN 9,565,141,073.18 - Market Capitalization: NGN 55.3 trillion Comparative Data: - Turnover Improvement: 17% increase from Wednesday...

188 OIL THEFT CASES RECORDED IN ONE WEEK The Nigerian National Petroleum Company Limited (NNPCL) reported 188 cases of oil theft between August 24 and 30, 2024, with incidents spread across the Niger Delta. Key findings include: 1. Illegal Refineries: 89 illegal refineries were located and...

HOW TO SURVIVE AMIDST THE RECENT FUEL PRICE HIKE TO N897 PER LITER IN NIGERIA BY BIZWATCH 1. Budgeting and Expense Tracking: Monitor daily expenses closely, focusing on essential items like food, transportation, and utilities. Cut back on non-essentials and impulse buying. 2. Transportation...

TOP 7 WAYS DANGOTE REFINERY'S PETROL PRODUCTION WILL POSITIVELY AFFECT NIGERIA BY BIZWATCH 1. Reduced Fuel Costs: Nigeria imports a significant portion of its fuel, leading to price fluctuations. Domestic production will stabilize costs, lowering fuel prices for consumers and businesses. 2...

TOP BRANDS IN NIGERIA FOR 2024 Key Highlights: 1. Top 50 Brands Nigeria Assessment: - Conducted an evaluation of Nigeria's top brands for the year 2024. - Dangote Industries Limited was ranked as Nigeria’s most valuable brand for the seventh consecutive year. - MTN Nigeria was ranked...

NGX TRADING SUMMARY FOR TUESDAY, SEPTEMBER 3, 2024 Trading Overview: - Total Shares Traded: 473,003,572 shares - Total Deals: 12,532 - Market Value: NGN 10,411,315,965.29 Comparative Data: - Volume: Decreased by 5% from the previous trading day (Monday, September 2, 2024) - Turnover: Decreased...

NGX COLLABORATES WITH UNIMAID TO PROMOTE CAPITAL MARKET EDUCATION 1. Article Overview: - The Nigerian Exchange Limited (NGX) and the University of Maiduguri (UNIMAID) have signed a Memorandum of Understanding (MoU) to promote capital market education, drive innovation, and support...

*Meeting Notifier (Updated Aug 31 | 4.42pm)* • Sept 4, FMN (AGM) at Eko Hotel, V/I, Lagos......2pm. Prop Div.....N1.80, PD.....Sept 5, QD.....Aug 9, CDR.....Aug 12-16. Reg; *Atlas* • Sept 5, Academy Press (AGM) at Registered Office of the Company, 28/32, Industrial Avenue, Ilupeju Industrial...

SEC APPROVES DREAMCITY CAPITAL 1. Approval-in-Principle by SEC: - The Security and Exchange Commission (SEC) has granted DreamCity Capital, a digital real estate investment platform in Nigeria, an "Approval in Principle." - This approval indicates that the proposal or application is...

NGX TRADING SUMMARY FOR FRIDAY, AUGUST 30, 2024 Trading Activity: - Total Shares Traded: 573,961,127 shares - Number of Deals: 12,754 deals - Market Value: NGN 31,576,871,439.07 Comparative Performance: - Volume: A 41% decline compared to the previous trading day (Thursday, August 29). -...

ARADEL TO ACQUIRE OLO AND OLO WEST FIELDS Aradel Holdings Plc's Acquisition: - Company & Acquisition Details: Aradel Holdings Plc, an indigenous energy company, has announced that its subsidiary, Aradel Energy Limited, signed a sale and purchase agreement to acquire 100% interest in the Olo...

HEIRS HOLDINGS PLANS NEW SUBSIDIARIES LISTING Tony Elumelu, the Chairman of Heirs Holdings, announced that the group plans to list more of its subsidiary companies on the Nigerian Exchange to democratize prosperity. This decision aligns with the company's vision of unlocking Africa's full...