Transactions on the Nigerian Stock Exchange (NSE) recorded a profit for the third consecutive day and may hit N13 trillion on sustained gains.

The market had hit the N13 trillion mark in August, the first time since 2014.

The Minister of State, Industry, Trade and Investment, Hajiya Aisha Abubakar has signed a Memorandum of Understanding (MoU) for the understudy of conversion of some Industrial Development Centres to industrial clusters.

Abubakar stated this in a statement issued by Mr Olujimi Oyetomi, the Deputy Director, Press in the ministry on Monday in Abuja.

The Central Bank of Nigeria (CBN), on Tuesday injected another $195 million into the interbank foreign exchange market.

The central bank offered the sum of $100 million to the wholesale window and intervened in the small and medium enterprises (SMEs) segment with $50 million. The invisibles segment, comprising tuition, medical payments and Basic Travel Allowance received $45 million.

Oil markets rose on Monday, with Brent remaining above $60 per barrel on expectations that an OPEC-led production cut due to expire next March would be extended, although rising exports from Iraq kept a lid on prices.

Brent crude futures LCOc1, the international benchmark for oil prices, were at $60.73 per barrel at 0802 GMT, 29 cents or 0.48 percent above their last settlement and near their highest level since July 2015. They have risen more than 36 percent since from 2017-lows marked in June.

The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, on Tuesday announced that the aggressive exploration of the inland basins would soon yield result with hydrocarbon finds in commercial quantities.

Baru stated this when he received a delegation from the Nigerian Association of Petroleum Explorationists, led by its President, Mr. Abiodun Adesanya, in Abuja.

Expert Cautions FG On Seizure Of Bank Accounts Over BVN

Expert Cautions FG On Seizure Of Bank AcAn economic expert, Charles Nwekeaku, has advised the Federal Government to follow due process in getting the forfeiture of monies in accounts without Bank Verification Numbers(BVN) to the government.

Activities on the Nigerian Stock Exchange (NSE) on Tuesday sustained bullish trend for the second consecutive day, with major equities recording price growth led by Nestle. Nestle recorded the highest price growth with a gain of N22 to close at N1,252 per share just as predicted by market watchers.

In a bid to enhance skills and various agro-allied businesses the Nigerian Army School of Military Engineering (NASME), revealed that it embarked on the training of 25 women in Makurdi, Benue State, on a three-month intensive course on modern fish farming.

Col. Sagir Musa, Deputy Director, Public Relations, 82 Division of the Nigerian Army, Enugu, made the revelation on Saturday that the trainees graduated on Oct. 27 and that the GOC, 82 Div. Maj.-Gen. Adamu Abubakar, had presented certificates to the 25 graduates of the course which was conducted by the NSAME for the remuneration of the selected interested women of the NASME Cantonment, Makurdi.

Nigeria has moved up 24 places to 145th in the World Bank’s ‘Doing Business’ report published today, and for the first time the country is recognized as one of the top 10 most improved economies in the world.

The World Bank Doing Business project provides objective measures of business regulations and their enforcement across 190 economies.

Oil prices rose and Nasdaq Composite had its best day in nearly a year on Saturday , boosted by strong corporate earnings, while the euro posted its worst week of 2017 after the European Central Bank decided to prolong its bond buying to keep interest rates low.

Oil prices jumped on support among the world’s top producers for extending a deal to cut output and as the dollar retreated from three-month peaks.