Olam’s $1.3 billion deal to buy rival Archer Daniels Midland’s cocoa processing business may reduce liquidity in the niche cocoa bean trade, raising concerns about volatile prices and a potential shake-up of customer relationships.
The Nigerian Stock Exchange (NSE) has announced that it was putting final touches to the Year End review for the NSE 30, NSE 50 and the five Sectoral Indices of The Exchange - the NSE Banking, the NSE Consumer Goods, the NSE Oil & Gas, NSE Industrial and the NSE Insurance.
After three weeks of trading at a loss, the Nigerian stock exchange market has recorded a positive trend in its trading activities as 1.21 per cent was gained on the trading floor yesterday bringing All Share Index (ASI) to 29,311.25 points in contrast to its previous 28,961.67 points recorded on Wednesday.
The Director General of Unique Farmers Association, UFAN, Chief John Paul Adama has said the Agricultural Transformation Agenda, ATA, of President Goodluck Jonathan led administration is favourable to rural poor farmers, adding that the scheme has eliminated intrigues implored by political farmers in denying them their entitlements.
The National Council on Privatization (NCP), chaired by Vice President Mohammed Namadi Sambo, has ratified the sale of the Nigerian Telecommunications Limited and Mobile Telecommunications Limited to NATCOM Consortium.
With the presentation of the budget to the National House of Assembly by the Co-ordinating Minister of the Economy; Dr. (Mrs) Ngozi Okonjo Iweala the market still closed at a low with a 2.78 per cent loss or 827.92 points as the All share index (ASI) continues in its downward trend from its previous 29,789.59 points to 28,961.67 points recorded on Wednesday.