Business
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Arik, Aero May Merge for Business Survival
There are strong indications that stakeholders are considering a merger between Arik Air and Aero Contractors, two airlines under the...
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Dangote Refinery among 20 world’s most influential projects
Dangote Oil Refinery has been listed among the world’s top 20 influential projects surveyed in the last 18 months by...
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Stock market down by N42bn on profit-taking
The Nigerian equity market returned to negative territory on Wednesday as investors began to take profits to increase capital gains....
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CBN introduces new bills to control liquidity
The Central Bank of Nigeria has said it has introduced special bills as part of efforts to deepen the financial...
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US Soybean Export Council to Establish Excellence Centres in Nigeria
The United States Soybean Export Council (USSEC), the American Soybean Association’s World Initiative for Soy in Human Health (ASA/WISHH) and...
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Banker’s Award: Zenith Bank Emerges Bank of the Year 2020
Zenith Bank Plc said it has emerged ‘Bank of the Year in Nigeria’ in The Banker’s Bank of the Year...
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Dollar savers offload deposits as naira exchanges for N490/$
The naira on Tuesday recorded significant gains against the dollar. The local currency’s appreciation against the greenback came a day...
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World airlines rally governments to financial, regulatory support
World airlines have again hinged the industry’s rebound from the effects of the COVID-19 pandemic on governments’ financial and regulatory...
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AfDB Invests $5m in Clean Cooking Solution
The African Development Bank’s Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver...
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May & Baker Nigeria grows Q3 profit by 44% to N1b
May & Baker Nigeria Plc crossed a landmark to a pre-tax profit of N1 billion in the third quarter as...
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FG, Egyptian firm sign pact to invest in gold mining
The Federal Government and Messrs La Mancha Incorporated, a leading Luxembourg Incorporated Private Gold Development and Mining Company in Cairo,...
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N69.4b debt: Jimoh Ibrahim asks court to reverse assets seizure
A Federal High Court in Lagos will on Tuesday resume hearing on an application filed by businessman Jimoh Ibrahim for...
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EKEDC Launches SCADA to Enhance Service Delivery
The Eko Electricity Distribution Company (EKEDC) has formally launched its innovative network solution –Supervisory Control and Data Acquisition – Distribution...
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Forex scarcity bites harder, CBN amends diasporan remittance law
The Central Bank of Nigeria said on Monday that it had amended the procedures for receipt of diaspora remittances as...
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Crash in money market instruments triggers N2.3tr gain
Investors on the Nigerian Stock Exchange (NSE) gained N2.3 trillion in November, as the market recorded its best monthly appreciation...
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OPEC ministers meet on oil cuts
Top energy decision makers from across the Organisation of Petroleum Exporting Country (OPEC) are scheduled to meet today in furtherance...
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Airlines hike airfares by 100% as operating costs rise
The cost of air tickets along several routes have doubled due to the high demand for air travel in light...
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Nigerian equities recover with N390 billion gain
Nigerian equities rode on the back of global optimism and domestic bargain-hunting to close weekend with net capital gain of...
Read moreBDCs Now to Sell Dollars at N392$1
The Central Bank of Nigeria (CBN) has adjusted the exchange rate Bureau De Change (BDC) operators are to sell the...
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TCN admits national grid’s collapse, plans probe
The Transmission Company of Nigeria has said it will conduct investigations to establish the cause(s) of the multiple tripping that...
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NAICOM to sanction firms over unsettled claims
The National Insurance Commission (NAICOM) said it is profiling insurance companies with huge unsettled claims for necessary regulatory actions. The...
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Banks’ Profits Rise to N677bn Despite COVID-19 Harsh Conditions
Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have...
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Nestlé mops up more Nigerian shares
World’s largest food company, Nestlé S.A at the weekend continued its direct secondary market purchase of shares of its Nigerian...
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Border closure: Manufacturers losing market share daily
Manufacturers Association of Nigeria says its members are losing market share daily to other African countries due to the closure...
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Naira Weakens to Lowest in Three Years
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for...
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