Morning Beats

-







FG approves construction of LPG plant in Rivers
The Federal Government has given approval for the construction of a Liquefied Petroleum Gas extraction plant in Rivers State.Punch
MPC: Retaining MPR meant to stabilise economy, says Ex-CBN director
Dr Titus Okunronmu, a former Director, Central Bank of Nigeria (CBN), Budgetary Department, has commended the retention of Monetary Policy Rate (MPR) at 14 per cent by the Monetary Policy Committee (MPC).Vanguard
Dangote partners Ondo on rice production
The Ondo State Government has commenced a partnership with the Dangote Group of Companies on rice production as the group has proposed to acquire 3,000 hectares of land in the state to cultivate the staple.Punch

Malabu: JP Morgan denies negligence over $800m transfer
JP Morgan Chase has denied negligence over the transfer of more than $800m to Malabu Oil and Gas from the payment made for the purchase of an offshore oilfield, Oil Prospecting Licence 245, by Royal Dutch Shell and Eni in 2011.Punch
Pipeline shutdown hits Forcados oil terminal
The Forcados terminal, one of the nation’s crude oil export facilities, is ramping up after a temporary shutdown on the Trans Forcados Pipeline.Punch
Stocks Tumble More Than 2% on Trump Trade Jabs: Markets Wrap
U.S. stocks ended the week with a deep selloff, leaving them lower for the five days as the White House’s latest trade bluster rattled global financial markets.Bloomberg

Comments

Post a Comment

Popular posts from this blog

Nigerian Stock Exchange This Week

-
Image
The Market returned to its five days trading after the sallah break of last week. It wasn't a great week for the Market even as it climax the end of trading for the month of August.  The Market opened on a negative notes on Monday, however, made a bold return on Tuesday but to frizzle out for the rest of the week with a three days consecutive losses.  The All Share index lost in what seems to be the bear dominated week. The index was down  1.63% to close the week at 34,848.45. This brought the year to date return of the ASI to (8.88%) on the negative side of the number line. The bull had a larger share of the Market though, with a breadth of 3 in favour of the Bulls. However this is little to little to reflect on the overall Market as highly capitalized stocks shed weight.  EQUITY A total turnover of 1.533 billion shares worth N23.026 billion in 17,009 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 968.947 million shares
Read more