Onitsha Drug Market Reopened as NAFDAC Vows Continued Crackdown on Fake Drugs
NAFDAC has reopened Onitsha drug market after one month, warning of future closures if violations occur again
Markets
Cardoso: Nigeria’s Creative Industry Could Generate $25bn with National Theatre Revamp
CBN Governor Olayemi Cardoso says the revamping of the National Arts Theatre will help unlock Nigeria’s $25 billion creative sector.
Nigeria Joins European Bank for Reconstruction and Development As 77th Member
Nigeria has joined the European Bank for Reconstruction and Development, with plans for investment and economic collaboration.
UN Helicopter Attacked In South Sudan, Crew Member, Soldiers Killed
A UN helicopter evacuating South Sudanese troops was attacked in Nasir, killing a crew member, several soldiers, and a general.
Nigeria Surpasses OPEC Quota, Pumps 70,000 BPD Above Target in February
Nigeria pumped 70,000 bpd above its OPEC quota in February, boosting revenues and global energy influence.
FCCPC Sues MultiChoice for Increasing DStv, GOtv Subscriptions
MultiChoice is facing legal action for ignoring FCCPC’s directive to halt a price hike on their DStv, GOtv subscriptions pending investigation.
Nigeria’s online source for up-to-date information on what the stock markets are doing today. ARISE News brings you world stock market coverage along with breaking news, data analysis and comment. Whether you are at home or overseas you can rely on our coverage.
Commodities and Futures
The last couple of years have seen several agricultural products rise in importance in the Nigerian economy and cocoa beans, sesame, cashew and rice are all ones to watch this year. As well as the traditional oil. Experts will also be keeping a keen eye on the growing rise in fertillizers.
Nigeria’s LNG Supply Plunges 80% Amid Pipeline Sabotage, Bloomberg Reports
Bloomberg has reported that NLNG’s gas supply dropped 80% as vandalism crippled operations, reducing exports and tightening global LNG markets.
Trump Halts US Federal Funding To South Africa, Offers Farmers Fast-Track Citizenship
Trump has halted US funding to South Africa, offering South African farmers fast-track citizenship over safety concerns.
Renowned Nigerian Writer, Poet Mabel Segun Passes Away at 95
Mabel Segun has passed away at 95, leaving behind a lasting legacy in literature, broadcasting, and athletics.
Commodities
We watch the commodities market closely to keep you informed with the very latest information on global movements in oil, natural gas, precious and industrial metals, sugar and other agricultural products amongst others.
Currencies and Forex
Whether you are at home or part of the successful Nigerian diaspora, this is a market to keep a close watch on. ARISE News brings you the latest on the most important global currencies as well as latest news and comment on the growing strength of the Naira.
NYSE
The world’s largest stock exchange. Technology is now at the heart of the NYSE, which prides itself as the market for innovation, with an average of 2.4 billion shares exchanging hands every day. With it’s famous trading floor and opening and closing bell, it is now the only in-person trading venue for global equities exchange.
NASDAQ
The largest electronic stock market in the world and second largest in terms of securities’ values. One to watch for energy, finance, healthcare, technology and transportation as well as being well-known for high-tech stocks. Using the NASDAQ Composite Index to measure the change in the over 3,000 stocks traded on NASDAQ. Look out for the likes of Apple, Microsoft and Amazon.
FTSE
The FTSE 100, colloquially known as the ‘Footsie’, is an index made up of share of the 100 largest companies on the London Stock Exchange (LSE). Historical ties between our nation and the UK make it a popular choice for many Nigerian investors wishing to invest in established companies such as Barclays, HSBC, BP and BAE. As well as the wildly successful younger companies such as AstraZeneca.
JSE
The largest stock exchange in Africa, it has come along way from its roots in the South African Gold Rush, having been established in 1887. The natural home for African investors, we watch with excitement as we see the rise in stocks such as Master Drilling Group, Sentova Ltd and Novus Holdings Ltd.
