Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
One week after flights resumption, airlines record 30% traffic
Domestic flights started last Wednesday with Lagos and Abuja, and by Saturday, Port Harcourt, Kano, and Owerri flights resumed. ADVERTISEMENT...
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LAPO MFB’s Bond Offer Oversubscribed
The Managing Director, LAPO Microfinance Bank, Dr. Godwin Ehigiamusoe has expressed delight over the successful listing of LAPO N6.2 billion...
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OPEC adjusts oil demand to 8.9 million bpd
The Organization of the Petroleum Exporting Countries (OPEC), yesterday, revised downward its world oil demand in 2020, to an estimated...
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LIRS plans additional tax incentives, reliefs
The Lagos State Internal Revenue Service has commenced the implementation of additional reliefs and measures to further ease the impact...
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Transcorp Hotels Seeks to Raise N10bn from Existing Shareholders
Transcorp Hotels Plc has applied to the Nigerian Stock Exchange (NSE) to raise additional capital via a rights issue from...
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Dangote Sugar creates three billion new shares
Shareholders of Dangote Sugar Refinery (DSR) Plc have approved the creation of three billion new ordinary shares of 50 kobo...
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Bears sustain hold as index slips further by 0.36%
The Nigerian Stock Exchange (NSE) sustained the bearish hold at the end of yesterday’s transactions, occasioned by price depreciation in...
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Banks to place chronic loan defaulters on watch list
The Central Bank of Nigeria on Monday released the guidelines aimed at reducing non-performing loans in the banking sector and...
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CBN bans forex for maize importation
The Central Bank of Nigeria has directed foreign exchange dealers to stop processing ‘Forms M’ for the importation of maize...
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Unclaimed dividends rise to N158.4b
Unknown investors have amassed more than N100 billion in unclaimed dividends as capital market regulators search for investors that had...
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Second wave of pandemic poses risks to oil rebound
As countries brace for a second wave of the coronavirus spread, analysts have warned that an unexpected hit to demand...
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Equities open with N56b loss
Nigerian equities reopened on Monday with considerable sell pressure on leading stocks in the main sectors of banking, oil and...
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Report: 86% of Organisations Fall Victim to Cybercrime
A survey report by cyber-security firm, Sophos, tagged: ‘The State of Cloud Security 2020,’ has estimated that over 86 per...
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Nigeria Mortgage Refinance Company Plc Series II ₦11 billion 15-Year Fixed Rate Secured Bond
The rating expires on 30 June 2021. Agusto & Co. affirms the ‘Aaa(NG)’ rating assigned to Nigeria Mortgage Refinance Company Plc’s (“NMRC”...
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Recap: NAICOM, insurers differ on contingency cash reserve use
The National Insurance Commission (NAICOM) at the weekend insisted that the contingency reserves of insurance firms would not be accepted...
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Petrol subsidy gulped N101.6bn in three months – NNPC
Petrol subsidy consumed over N101bn in the first three months of this year, as stakeholders want the scheme to be...
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‘Current economic realities necessitated naira devaluation’
Dipping oil prices, COVID-19, increasing debt, high poverty, and unemployment have been identified as factors that have forced the Nigerian...
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Anxiety over H1 results, inconsistent policies trigger investor apathy
• Analysts predict gloomy outlook as index dips 0.12% • Insist undervalued market creates new entry opportunities Expectations of...
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Nigeria can’t grow with generator-driven economy – MAN
The Manufacturers Association of Nigeria has said the Nigerian economy cannot grow if industries continue to rely on electricity generators...
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Investors Stake N13.5 Billion on Shares
Investors staked N13.453 billion on 901.542 million shares in 18,676 deals at the stock market last week. The value of...
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NERC commences consultations on unbundling of TCN
The Nigerian Electricity Regulatory Commission (NERC ) at the weekend began consultation for the unbundling of the Transmission Company of...
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I signed revised 2020 budget to mitigate Covid-19 effect, says Buhari
President Muhammadu Buhari, yesterday, signed into law, the revised N10.8 trillion budget for the year 2020 passed by the National...
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Nigeria’s Public Debt Stock Hits N28.63tn
Nigeria’s total public debt portfolio, all the states and the federal government inclusive, stood at N28.63 trillion as at March...
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Afrinvest Bullish on MTN, Airtel Africa Shares
Analysts at Afrinvest (West Africa) Limited have made case for investing in the shares of MTN Nigeria Plc and Airtel...
Read moreEquities market records N786.7m cap decline
The equities market of the Nigerian Stock Exchange (NSE) recorded a moderate loss of 1bp to close at 24,276.56 due...
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