Headlines For The Day 09/07/21 – First Ideas Limited

Headlines For The Day 09/07/21

Why rising oil price fails to boost Nigeria’s foreign reserves:
The recent spat between Saudi Arabia and UAE which pushed oil prices to historic heights is having little or no effects on Nigeria’s external reserves, a development that questions the various Central Bank of Nigeria (CBN) interventions to stabilise the exchange rate
Palton Morgan signs a piling contract with Trevi Foundation for Paramount Twin Towers
Palton Morgan – a parent brand of Grenadines Homes and Oceanna has recently signed a piling contract with Trevi Foundation for Paramount Twin Towers – a magnificent tower at Oniru Waterfront, Victoria Island
Custom Street closes week lower on consumer goods losses

Nigeria’s equities market failed to close higher in the trading week ended Friday July 9 as profit-taking in consumer goods shares could not help the market sustain the preceding week’s gains, thereby prompting concerns among equities buyers. The record dip by 0.57 percent in the review trading week as well as value erosion of about…
Nigeria needs an economic advisory council alive to its responsibilities
The statement credited to the Presidential Economic Advisory Council (PEAC) advising President Muhammadu Buhari to abolish subsidy on petrol and implement a pricing regime that represents the cost of the product could be best described as a bolt from the blues.

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