Felix OLOYEDE

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By Felix OLOYEDE On Thursday, January 18th, 2018
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Nigerian equities market goes bearish after hitting over nine year high

FELIX OLOYEDE Profit-taking caused the Nigerian Stock market to go bearish for the first time this week after reaching over nine year high on Wednesday. The All Share Index declined -0.08 per cent to close at 44,848.74 More...

By Felix OLOYEDE On Thursday, January 18th, 2018
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Banks enjoy improved liquidity as overnight rate drops three consecutive days

FELIX OLOYEDE The redemption of Treasury Bills by Federal Government has helped to improve liquidity in Nigerian banking sector as overnight rate declined three consecutive times this week. Overnight (O/N) rate More...

By Felix OLOYEDE On Wednesday, January 17th, 2018
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Political activities, currency movement to impact stock market in 2018, says NSE CEO

FELIX OLOYEDE Oscar Onyema, CEO, Nigerian Stock Exchange Activities leading to the 2019 general election and foreign exchange movement would affect the Nigerian Stock Exchange in 2018, Oscar Onyema, Chief Executive More...

By Felix OLOYEDE On Tuesday, January 16th, 2018
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Why CBN won’t cut interest rate despite inflation slowing down to 20 month low

…Nigerian inflation rate slows to 15.37%, lowest since April 2016 FELIX OLOYEDE Prof. Yemi Kale, DG, National Bureau of Statistics Those agitating for interest rate cut in first quarter may have to wait longer More...

By Felix OLOYEDE On Friday, January 12th, 2018
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Nigerian equities market soars to nine year high

FELIX OLOYEDE The Nigerian Stock Exchange The Nigerian Stock market continued its bullish run; reaching three year high on Thursday as investors awaits full-year results with the hope of a better dividend pay-outs More...

By Felix OLOYEDE On Thursday, January 11th, 2018
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Higher demand propels oil price to three year high

FELIX OLOYEDE Mohammed Sanusi Barkindo, Secretary General, OPEC Credit: REUTERS Continuous drop in US reserve and higher demand caused oil price to reach three year high on Thursday. Crude oil rose 0.88 per cent More...

By Felix OLOYEDE On Thursday, January 11th, 2018
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Gov. Ambode rejigs cabinet, appoints five new commissioners

Lagos State Governor Akinwunmi Ambode Governor Akinwunmi Ambode of Lagos State on Thursday reshuffled his cabinet as he appointed five new commissioners and relieved three others of the positions. In a statement More...

By Felix OLOYEDE On Thursday, January 11th, 2018
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Investors respond positively to Sterling Bank’s new MD appointment as stock appreciates 4.82%

FELIX OLOYEDE Abubakar Suleiman, Sterling Bank new CEO Investors reacted optimistically to Sterling Bank appointment of Abubakar Suleiman as its new managing director, following the retirement of its former chief More...

By Felix OLOYEDE On Wednesday, January 10th, 2018
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Nigerian equities market reaches 38 month high as investors position for positive year-end results

FELIX OLOYEDE Oscar Onyema,CEO, Nigerian Stock Exchange The Nigerian Stock Market continues to sustain the momentum it ended 2017 as its All Share Index hits 40,362.97 points on Tuesday, the highest it has attained More...