Emeka Ejere| Oil prices extended their decline from last week on growing expectations that major oil producers may ease their 17-month-old production cuts. A return to the oil production levels…
Read More Oil prices fall amidst fears of market glut
Category: Business
MTN perfects plans for IPO in Nigeria
Emeka Ejere| MTN Group on Monday said it was perfecting the details of its proposed Nigeria Initial Public Offering (IPO). MTN Group’s spokesperson, who pleaded anonymity, confirmed this in response…
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Coca-Cola launches first alcoholic drink
Coca-Cola has launched its first alcoholic drink, a lemon flavoured alcopop, in Japan in a bid to tap new markets and consumers. In a global first for the US drinks…
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CBN directs commercial banks to sell forex across the counter to customers
Chidi Samuel| The Central Bank of Nigeria, (CBN), on Sunday directed all commercial banks in the country to immediately sell foreign exchange to any customer upon the presentation of relevant…
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Nigerian stocks lose N299b in 2 days
Emeka Ejere| The Nigerian Stock Exchange (NSE) market capitalisation on Friday closed negatively, for the fifth day, dipping further by N145 billion and recording a loss of N299 billion in…
Read More Nigerian stocks lose N299b in 2 days