Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
CHI Plc Raises N1.1bn as Rights Issue Records Success
Consolidated Hallmark Insurance (CHI) Plc has successfully raised N1.056 billion from existing shareholders through a rights issue of 2,032,500,000 ordinary...
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Insurers explore digital avenues to boost earnings, growth
Amid looming recession, insurers have began to explore digital avenues to aid the performance of their gross written premium from...
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Lagos imposes N20/trip levy on Uber, Bolt, others
The Lagos State Government has said ride-hailing operators will pay a levy of N20 known as road improvement fund, on...
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Naira exchanges for 475/$ as forex scarcity persists
The naira on Friday exchange to the dollar at 475/$ at the parallel market as foreign exchange scarcity persisted. Continued...
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Adjusting for the Times: An Analysis of Nigeria’s Revised 2020 Fiscal Budget – Agusto & Co. MACRO REPORT
A season of gloomy forecasts The Covid-19 pandemic has dealt a huge blow to the global economy. What is fundamentally...
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Second recession in four years looms, says FG
The Federal Government has said the likelihood of Nigeria sliding into another recession in the Third Quarter of 2020, making...
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PenCom opens PFA transfer window
Contributors under the Contributory Pension Scheme (CPS) will be able to move their pension account from their current Pension Fund...
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Bulls sustain dominance as indices appreciated further by N50 billion
The bulls maintained dominance on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks join the...
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Nigeria’s oil exports threatened as US floods European market
The increasing flow of the United States crude into Europe is threatening to displace the region’s traditional light, sweet crudes,...
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Fed Govt pumps N8.5b to boost COVID-19 tests
Nigeria is to spend N8.49 billion on COVID-19 testing. The Federal Executive Council (FEC) approved the money at Wednesday’s meeting...
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Ground handlers rally airlines to right pricing, dollar rate
Worried by the operational challenges in the COVID-19 era, ground handlers and stakeholders have rallied airlines to the right pricing...
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Banks’ total assets rise to N47.82tn
The total assets of the banking sector rose to N47.82tn as of the end of June. A member of the...
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NDIC continues Fortis MfB liquidation, paying depositors
The Nigeria Deposit Insurance Corporation has said it adhered to statutory guidelines on the distress resolution and liquidation of Fortis...
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Ericsson Identifies New Measures for Benchmarking 5G Networks
Ericsson, a global network company has identified key measures for benchmarking 5G technology. The Chief Technical Officer, Ericsson Middle East...
Read moreBellwethers push investors’ fortunes by N134 billion
The Nigerian equities market closed upbeat yesterday, occasioned by gains in most blue-chip stocks, as investors gained N134 billion. Yesterday,...
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Olubunmi: Effective Credit Risk Management Key to Impaired Loans’ Reduction
The Head, Financial Institutions Ratings, Agusto & Co, Ayokunle Olubunmi, spoke to Goddy Egene on the state of the Nigerian...
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NNPC: $2.8bn AKK Gas Project Won’t Fail Like Others
The Nigerian National Petroleum Corporation (NNPC) yesterday assured stakeholders that the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will not...
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Senate urges FAAN to sanitise airports, okays safety protocols
Ahead of the resumption of international flight operations in Nigeria, the Senate has stressed the need for the government and...
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NIPOST vs FIRS: Reps intervene, condemn stamp duty battle
House of Representatives waded in to the crisis between the Nigerian Postal Service and the Federal Inland Revenue Service over...
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Federal Government to auction N150bn bonds next week
The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on August 19....
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Petrol imports tumble 72.65% as COVID-19 hits demand
Amid the general gloom that the economy has suffered as a result of coronavirus pandemic, the volume of petrol imported...
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Nigeria to ban single-hull tanker by December
The Federal Government has unveiled plans to stop the use of single-hull tankers in Nigeria by December 31st. Director-General of...
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Pandemic stalling Ajaokuta Steel revival efforts, says FG
Although the Senate last month, expressed its readiness to work with the executive arm in reviving the Ajaokuta Steel Company...
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Oil rises above $45, OPEC+ cut compliance dips
The international oil benchmark, Brent crude, rose above $45 per barrel on Monday, supported by an improvement in Chinese factory...
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Local airline to sell asset despite investor’s lawsuit
The management of Med-View Airline Plc has said the plan to sell-off some of its assets was still in place...
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