Lolade Odeyemi

Lolade Odeyemi

Nigerian Stock Exchange
BUSINESS & ECONOMY Capital Market COVER NEWSLETTER

Trading activities on the floor of the Nigerian Stock Exchange, NSE,on Tuesday, April 24, nipped a two-day losing streak in the bud. Consequently, the All Share Index, ASI of the bourse soared higher by 0.10% to 40,802.78 points, as a ...
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Naira unaffected by Trump’s victory
BUSINESS & ECONOMY COVER NEWSLETTER

The Nigerian Naira on Tuesday, April 24, stayed unchanged against the United States of America Dollar, at the parallel segment of the Nigerian Foreign Exchange Market. The local currency closed at the rate of N363 at the black market. Against the ...
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BUSINESS & ECONOMY COVER NEWSLETTER

The treasury bills market flagged off the new week on a positive note as investors getting purchased mostly the medium tenured instruments. As such, the average yields dropped by 0.33 percent to 11.06 percent. Overnight rate slumped slightly to ...
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BUSINESS & ECONOMY COVER NEWSLETTER

The overnight lending rate fell by 25 bps to 3.00%, from 3.25% recorded in the previous session, as market liquidity remained buoyant. Proceedings were bullish in the NTB market, benefiting from high system liquidity, as average yield slumped ...
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stock market
Capital Market COVER NEWSLETTER

World stocks were steady on Tuesday, April 24,  after three sessions of losses as a result of strong earnings from the likes of Google and as a rise in benchmark U.S. bond yields towards 3 percent stalled, while ...
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CHEMICAL & PETRO-CHEMICAL COVER NEWSLETTER

Gold strengthened after three days of losses on Tuesday, April 24,  as the dollar stabilized off an earlier three-month peak and a rise in U.S. Treasury yields stalled, with lower prices tempting some buyers back to the market. Gold has ...
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COVER FOREX NEWSLETTER

The British Pound Sterling dropped on Tuesday, April to its lowest since mid-March, its sixth consecutive daily fall, as the dollar rebounded and investors worried about the performance of the British economy. The pound continued to wallow in ...
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COVER FOREX NEWSLETTER

The United States of America dollar, on Tuesday, April 24, held at a three-month high against a basket of currencies, after having received a boost from U.S. 10-year Treasury yields holding near the key 3 percent level. The dollar’s ...
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COVER NEWSLETTER OIL & GAS

Oil jumped on Tuesday, April 24 above $75 a barrel to its highest since November 2014, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran. Brent crude, the global benchmark, hit ...
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DISCOS MW
COVER NEWSLETTER POWER & ENERGY

The Electricity Distribution Companies, DisCos, in Nigeria, owe N8.892 billion for electricity supply services after the supply for February 2018, records from the Market Operator, MO, a section of the Transmission Company of Nigeria, TCN, have revealed. Generation ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY Capital Market COVER NEWSLETTER

Transactions on the floor of the Nigerian Stock Exchange, NSE on Monday, April 23, kicked off trading on the bourse for the new week with a downward trajectory. Consequently, the All-Share Index, ASI, depreciated by 0.13 per cent or 50.96 ...
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COVER NEWSLETTER

Gold prices dropped to their lowest level in nearly two weeks in range-bound trade on Monday, April 23, as the dollar rose on the back of climbing U.S. Treasury yields and as global political concerns eased. Spot gold was down about ...
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Naira unaffected by Trump’s victory
BUSINESS & ECONOMY COVER NEWSLETTER

The Ngerian Naira, on Monday, April 23, maintained momentum against the United States of American Dollar at parallel segment of the Nigerian Foreign Exchange Market. The local currency starts the new week closing at the rate of N363 against the ...
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COVER FOREX

The European Single Currency, euro, on Monday, April 23, crashed by half a percent to a 2-1/2 week low of $1.2226, not helped by a survey showing business activity in April stabilizing across the euro zone. The euro ...
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FG proposes jail term for dollar hoarders
COVER FOREX NEWSLETTER

The United States of America Dollar, on Monday, April 23, bounced to a seven-week high after a rise in the 10-year U.S. Treasury yield to within a whisker of the psychologically important 3-percent level prompted buying of the ...
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COVER FOREX NEWSLETTER

The British Pound Sterling, on Monday, April 23, slipped to a two-week low against the dollar as investors questioned whether the Bank of England would raise interest rates in May following weaker-than-expected economic data and cautious comments from ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
NEWSLETTER OIL & GAS

United States of America Oil producers are flooding Europe with a record amount of crude, just as the Organization of the Petroleum Exporting Countries’ efforts to balance the oil market begin to yield results. Russia paired with the cartel ...
Comments Off on U.S. Oil Floods Europe, Hurts OPEC and Russia Supply Cut Efforts
stock market
Capital Market COVER NEWSLETTER

Global equities slumped on Monday, April 23, as U.S. bond yields approached the 3 percent level that has triggered market spasms in the past and investors awaited earnings results from some of the world’s biggest firms. MSCI’s world ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

Oil prices, on Monday, April 23, were little changed at around $74 a barrel on rising U.S. borrowing costs and the prospect of further output rises after another increase in the weekly rig count, although the overall picture ...
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BUSINESS & ECONOMY COVER NEWSLETTER

Investors at the treasury bills market anticipate T-bills worth N226.68 billion maturing at the secondary market. This is coming as treasury bills worth N263.37 billion matured through both the primary and second markets, last week Thursday. The Central Bank ...
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