Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Foreign investors hijack rights issues
• Ownership structure threatened • Five firms raise N300b from capital market • Local investors unable to take up rights...
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NAICOM, PenCom Unveil Regulation on Retirees’ Life Annuity
The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) have introduced the revised guidelines on retirees’ life annuity....
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NSE suspends six firms for failing to file accounts
Regulatory hammer on Tuesday fell on six quoted firms following suspension by the Nigerian Stock Exchange for their inability to...
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FG to Construct Solar Dryers for Farmers to Boost Food Security
Piqued by post-harvest challenges faced by farmers, the federal government has finalised arrangement to construct eight solar dryers with four...
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Dangote Cement Shops for N50bn to Support Short term Funding
Dangote Cement Plc is issuing Series 17 and 18 Commercial Paper to raise N50 billion under its N150 billion CP...
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KAM acquires N60b steel plant in Ogun
KAM Steel Integrated Company Limited on Monday acquired N60billion steel plants and other assets in Sagamu, Ogun State, pledging to...
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CBN drops savings account interest rate to 1.25%
The Central Bank has ordered all Deposit Money Banks to review interest rates on savings accounts to a minimum of...
Read moreMarket closes August trading upbeat as index rises by 0.07%
Following gains recorded by most high capital stocks, the Nigerian Stock Exchange (NSE), ended trading for the month of August...
Read moreNSE defies GDP contraction, as earnings scorecards push index by 0.35%
Transactions at the Nigerian Stock Exchange (NSE) defied the impact of the recently-published 2020 second quarter (Q2) report of 6.1...
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NTA-StarTimes Welcomes National Assembly’s Proposed Forensic Audit
As government and other stakeholders in the NTA-Star TV Network Limited continue to bicker over the company’s transactional and financial...
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AMCON’s assets under management hit N136.73bn
The assets under management of the Asset Management Corporation of Nigeria stood at N136.73bn while it has about N112.03bn worth...
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AfDB: Nigeria, others need $150b to reset economies
The African Development Bank (AfDB) Group at the weekend projected that Nigeria and other African countries will require additional cash...
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Banks’ Credit to Private Sector Rises to N30.189tn
Banking sector’s credit to the private sector rose by N757 billion or 2.57 per cent to N30.189 trillion as of...
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Bumps on Lagos path to generating N60b yearly from Imota Rice Mill
Efforts to make Nigeria self-reliant in the area of rice production and reduce the amount spent on importation of the...
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Naira gains, exchanges for N470/$
The naira gained slightly on Friday, exchanging for N470/$ in the parallel market in the evening, after selling at N476/$...
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More Nigerian crude likely to move into storage
Nigerian light sweet crude and those from other West African producers have been struggling to clear for September and October...
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Vivien Shobo Recognised As Icon of the Year at 2020 African Banker Awards
The African Banker Awards has recognised Nigeria’s Vivien Shobo as winner of the African Banker Icon Award 2020 for her...
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Bitumen imports gulp N300b despite huge deposits in states
• 42.74 billion metric tonnes of asphalt untapped • Nigeria loses N1tn to bad roads yearly • Ondo woos local, foreign...
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CBN to restart weekly dollar sales to BDCs
In a move to strengthen the naira, the Central Bank of Nigeria (CBN) plans to resume dollar sales to Bureau...
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Adesina returns as AfDB’s chief executive
Dr. Akinwumi Adesina has secured 100 votes of the Board of Governors of African Development Bank (AfDB) for a fresh...
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Govt floats survival fund for teachers, artisans, others
A survival fund to support small businesses, artisans and private school teachers is underway, the Federal Government said on Thursday....
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Concerns over safety protocols as foreign flights resume
Experts divided on quarantine, passport submission • $550m, 149.400 jobs lost to lockdown As international flights resume on September 5,...
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Profit Taking Halts Stock Market’s Eight-day Price Rally
The price rally at the stock market was halted yesterday after eight days following profit taking bellwether stocks. The market...
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Vivien Shobo wins the prestigious African Banker Icon Award
Mrs. Vivien Shobo wins the prestigious African Banker Icon Award. Vivien Shobo, who was the CEO of ratings and advisory...
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Government targets 2021 for dual fuel engine, backward integration
To increase autogas adoption and domestic consumption of the commodity for industrial and everyday use, the Federal Government is developing...
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