Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Set aside risk funds, NNPC tells national oil firms
National oil companies should set aside risk funds to minimise the impacts of unforeseen events, the Nigerian National Petroleum Corporation...
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Oil & Gas Firms Raise N400bn from Capital Market, Says NSE CEO
Companies in the oil and gas sector have raised over N400 billion across several asset classes using the Nigerian Stock...
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Stock Market Loses N113bn as Investor Confidence Dampens
The stock market lost N113 billion yesterday as investors’ appetite, which has been high for days became dampened due to...
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No Insurance Cover for COVID-19 Business Disruption, Says NIA Chairman
The Chairman of the Nigeria Insurers Association (NIA) and the Group Managing Director of the Custodian Investment Plc, Mr. Wole...
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Senate okays chairman, DG of PenCom, others
THE Senate on Tuesday confirmed President Muhammadu Buhari’s nominees for appointment as Chairman, Director General and Commissioners of the National...
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Ex-Mobil Oil Nigeria to delist from NSE
Shareholders of 11Plc, formerly Mobil Oil Nigeria Plc, have approved a resolution for the voluntary delisting of the downstream oil...
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CBN slams tough loan conditions on banks, DisCos, meter producers
The Central Bank of Nigeria (CBN) has unveiled a two-pronged template for accessing its facility under the Nationwide Mass Metering...
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NSE suspends Sunu Assurances
The Nigerian Stock Exchange (NSE) has placed Sunu Assurances Nigeria Plc on full suspension, implying a total cessation of trading...
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Naira slides to 460/$ at parallel market
The naira fell slightly at the parallel market on Monday, as it exchanged to the dollar for N460/$ as of...
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NNPC Reduces Debts to IOCs to $1.58bn, Pays Off Mobil
Out of about $4.6 billion negotiated joint venture (JV) oil production debt Nigeria was owing international oil companies (IOCs), about...
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NIPCO Targets More Gas-powered Vehicles in Nigeria
The Nigerian Independent Petroleum Company (NIPCO) Plc has expressed its commitment to ensure that more vehicles run on gas in...
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Stock market defies unrest, closes flat
Despite continued #EndSARS protest in major cities of the country, the Nigerian Stock Exchange (NSE) closed flat yesterday as investors...
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SERAP, 302 others sue Buhari over fuel price, electricity tariff hike
Socio-Economic Rights and Accountability Project (SERAP), one of the leading voices of #EndSARS protests, Aisha Yesufu, and 301 other Nigerians...
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#EndSARS: Airlines increase cost of domestic flights
Following the ongoing protests against police brutality in the country, airfares on domestic routes have increased. The increase in the...
Read moreSunu Assurances Nigeria Moves to Reconstruct Shares
Sunu Assurances Nigeria Plc has submitted an application to the Nigerian Stock Exchange to carry out a share reconstruction exercise....
Read moreUBA, GTB, Zenith account for N15.88bn transactions
The most traded stocks on the floor of the stock market last week were United Bank for Africa Plc, Guaranty...
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UK Company Invests $100,000 in Nigerian Software Firm
A United Kingdom company, Zetogon has said it invested $100,000 in a Nigerian software firm, AirSmat, to help the organisation...
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OPEC raises 2020 demand forecast on China’s recovery
The Organization of the Petroleum Exporting Countries (OPEC), has raised its global oil demand forecast for 2020 by 60,000 barrels...
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Trading Value Rises by 57% to N5 Billion
Trading value rose by 56.7 per cent as investors staked N5 billion on 342.2 million shares yesterday, up from N3.1...
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NAHCO Renews Deal with Airlines, Supports FG’s Export Drive
The Nigerian Aviation Handling Company Plc, (NAHCO) has won the keenly contested handling contract of Qatar Airways for another five...
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Lack of PenCom board stalls N14,400 minimum pension payment
Five years after the pension operators and the National Pension Commission drafted guidelines to commence N14,400 minimum pensions for retirees,...
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OPEC raises 2020 demand forecast over China’s recovery
The Organization of the Petroleum Exporting Countries (OPEC), has raised its global oil demand forecast for 2020 by 60,000 barrels...
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Investors Stake N3.1bn on 218m Shares as Index Closes Flat
Investors staked N3.139 billion on 218.424 million shares in 3,896 deals yesterday as the stock market declined by 37.5 per...
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External reserves drop by $50.84m in 10 days
The country’s external reserves dropped by $50.84m from $35.75bn as of October 2 to $35.69bn as of October 12, figures...
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NSE seeks increased liquidity in fixed income securities
The Nigerian Stock Exchange (NSE) has reiterated its commitment to providing a hybrid market for dealers as well as institutional...
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