Business
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NSE’s capitalisation hits N14tr mark amid sustained bulls run
The Nigerian Stock Exchange (NSE) market capitalisation closed trading for the month of September at N14 trillion, yesterday, amid sustained...
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NG Clearing gets SEC’s nod for CCP clearing house
The Securities and Exchange Commission (SEC) has granted NG Clearing Limited approval-in-principle to launch clearing and settlement of Exchange traded...
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40 per cent of bank deposits in dollars
HIGH networth Nigerians now prefer to save their cash in dollars, a report has shown. The Coronation Research in a...
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‘Digital assets classification will protect investors’
Securities and Exchange Commission (SEC) has said recent guidelines on Digital Assets, Classification and Treatment is aimed at boosting investors’...
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Experts want SEC, CBN clear directive on cryptocurrency in Nigeria
Financial experts have stressed the need for the Securities and Exchange Commission (SEC), and Central Bank of Nigeria (CBN) to...
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Sustained bargain-hunting push index further by 0.39%
Sustained appetite in the shares of most highly capitalised stocks lifted transactions on the equity sector of the Nigerian Stock...
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NLNG Targets 350,000 Metric Tons LPG by December
The Nigeria Liquefied Natural Gas (NLNG) Limited has said it is set to achieve the production of 350,000 metric tons...
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Nigeria far from financial inclusion target – CBN Report
A report by the Central Bank of Nigeria and the Enhancing Financial Innovation & Access has said that Nigeria is...
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Shareholders approve PZ’s sale of land to WAMCO
Shareholders of PZ Cussons Nigeria Plc have unanimously approved the resolutions authorizing their directors to, on behalf of the company,...
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PFAs invest N7.43tr in Fed Govt securites in Q2
OF the pension fund assets worth N11.09 trillion recorded by Pension Fund Administration (PFAs) in the Second Quarter of the...
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Unity Bank targets N4.96bn gross earnings in Q4
Unity Bank Plc has said it is targeting to realise N4.98bn gross earnings for the fourth quarter of 2020. The...
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90% of port transactions will be done online by March 2021, says Bello
The Executive Secretary, Nigerian Shippers’ Council (NSC), Hassan Bello, in this interview with SULAIMON SALAU and ADAKU ONYENUCHEYA, highlights the...
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Stock market extends weekly gains by N390bn
The Nigerian equity market extended its weekly gains by N390bn last week. The Nigerian Stock Exchange All-Share Index and market...
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Non-performing loans rise by N50bn on increased lending
Banks’ non-performing loans rose by N50bn to N1.17tn as of the end of August from N1.12tn as of the end...
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FMDQ Turnover Sheds N4.5tn in August
Investments at the Fixed Income and Currency (FIC) markets suffered a setback in the month of August as investors reduced...
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It’s Not in NNPC’s Interest to Remain Sole Importer of Petrol, Says Mele Kyari
The Nigerian National Petroleum Corporation (NNPC), has said that it was not in the national oil company’s interest to remain...
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Foreign portfolio investments drop by N124b
INVESTORS apathy to Nigerian securities amid foreign exchange control, illiquidity and other macroeconomic risks have affected foreign portfolio investments in...
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‘Nigeria has potential for over a million vehicles a year’
The automotive industry has revved up to a higher gear in Africa, with South Africa and Morocco currently the only...
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Emirates to parley Fed Govt on flight ban
Emirates Airlines is engaging the Federal Government on a flight ban extended to the Middle East carrier this week. The...
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Stock Market Boosted As Investors Gain N106bn
rice appreciation in Nigerian Breweries (+10.0 per cent), Dangote Cement (+0.9%) and Guaranty Trust Bank (+2.0%) buoyed positive returns in...
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Finally, President Sends New Petroleum Bill to National Assembly Next Week
Barring unforeseen circumstances, President Muhammadu Buhari would next week send the long-awaited oil-reform bill to the Senate, sources familiar with...
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BDCs Seek Approval for Electronic FX Trading
The Association of Bureaux De Change Operators of Nigeria (ABCON) yesterday appealed to the Central Bank of Nigeria (CBN) to...
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Total commits N1.2bn to fight COVID-19
Total Nigeria, a major oil company with operations in the upstream and downstream sectors of the oil industry, has said...
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Dangote Cement pays over N1 trillion dividends in seven years
Dangote Cement has paid its shareholders over N1trillion as dividends in the past seven years, as part of efforts to...
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NSE admits United Capital’s N10bn bond
The Nigerian Stock Exchange (NSE) yesterday admitted United Capital Plc’s N10bn 5 Year 12.5 per cent Senior Unsecured Fixed Rate...
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