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Punch Newspapers Sections ’Femi Asu Published 30 April 2021 Foreign and domestic investors pulled out a total of N339.06bn from the Nigerian stock market in the first three months of this year, the latest data from the Nigerian Exchange Limited have shown. The data also showed that foreign portfolio investors sold Nigerian stocks worth N90.12bn in the first quarter while domestic investors withdrew N248.94bn from the market. The foreign investors withdrew N30.79bn in January; N39.05bn in February, and N20.28bn in March, while the domestic investors pulled out N86.35bn in January; N69.28bn ...

IoD Nigeria begins N10bn building project in Lagos The Punch Published 27 April 2021 The Institute of Directors Nigeria, on Monday, broke ground on a N10bn house project, expected to be completed within the next 36 months. The IoD House project is a proposed 15-storey edifice to be located in Ikoyi, Lagos State. “It is an unparalleled residential and office project that will become the corporate headquarters of the Institute of Directors Nigeria by the grace of God, within the next 36 months,” its President and Chairman of Governing Council, Chief Chris Okunowo, said at th...

Punch Newspapers Sections Olalekan Adetayo, ’Femi Asu and Okechukwu Nnodim Published 12:25 am Published 12:25 am  The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in global oil prices and the depreciation of the naira against the dollar. The Petroleum Products Pricing Regulatory Agency had in March released a pricing template that indicated the guiding prices for the month. The template, which showed that petrol pump price was expected to range from N209.61 to N212.61 per litre, was greeted with wid...

FAO, AU to boost intra-African trade in agric commodities ’Femi Asu Published 12:32 am The Food and Agriculture Organisation of the United Nations and the African Union Commission said on Thursday that increased agricultural trade between African countries can drive sustainable development and play a pivotal role for the transformation of food systems. FAO and AU’s Department of Agriculture, Rural Development, Blue Economy and Sustainable Development launched a guide to boosting intra-African agricultural trade under the new African Continental Free Trade Area Agreement. The AfCFTA began...

Punch Newspapers Sections ’Femi Asu with agency report Published 6:18 am Published 6:18 am The international oil benchmark, Brent crude, surged by five per cent on Wednesday, after a report from the International Energy Agency, followed by US inventory data, boosted optimism about returning demand after the coronavirus lockdowns last year crushed fuel consumption. Brent, against which Nigeria’s oil is priced, rose by $3.06 to $66.73 per barrel by 7:31pm Nigerian time on Wednesday. US crude inventories fell by 5.9 million barrels last week, the Energy Information Administration said, exce...