Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Rising COVID-19 cases, unfavourable policies drag NSE’s index by 1.99%
The Nigerian Stock Exchange (NSE) suffered another week of losses, amid rising COVID-19 cases, and the persisting foreign exchange (forex)...
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Physical distancing impossible on flights, says aviation minister
Minister of Aviation, Hadi Sirika said it is almost impossible to achieve physical distancing on flights without hurting the revenue...
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Maintaining Downward Streak, FMDQ Turnover Dropped by N5tn in May
Turnover in the FMDQ market platform witnessed a drop of about N5.0trillion in May with turnover declined by 29.34 per...
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Lagos schools to reopen on Aug 3 for ‘revision, exams’
Boarding activities excluded; only SSS 3, TEC 3 to resume Face mask defaulters to be arrested, prosecuted Places of worship, events...
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Passengers to pay double for domestic flights
• NCAA Grounds 18 Aircraft, Bar Non-Compliant Operators • FAAN Issues Travellers’ Mandatory Safety Protocols • Palliative For Airlines Underway,...
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NSIA grows assets to N649.84bn, records N36.15bn profit
The Nigeria Sovereign Investment Authority on Friday disclosed that it grew its total assets from N617.7bn in 2018 to N649.84bn...
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Nova Merchant Bank Raises N10bn Bond to Boost Growth
Nova Merchant Bank Limited is seeking to raise up to N10 billion 7-year Fixed Rate Subordinated Unsecured Bonds under its...
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GTI Asset Management Limited gets a “BBB-(IM)”
Rating expires 1 June 2021 Agusto & Co assigns a BBB-(IM) to GTI Asset Management & Trust Limited ('GTI-AML' or 'the Manager')....
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Agusto & Co. assigns an “A-(f)” rating to Zenith Money Market Fund
The rating expires on 31 March 2021. Agusto & Co affirms the A-(f) rating assigned to Zenith Money Market Fund (“Zenith...
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AMCON takes over Pan Ocean assets over N240 billion debt
The Federal High Court, presided over by Justice A.M. Liman, in the suit between the Asset Management Corporation of Nigeria...
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‘Domestic debt servicing gulps N609.13b in Q1’
The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management...
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Investors lose N115bn as stocks reverse gains
Investors lost a total of N115bn on Thursday as the nation’s stock market closed in the red amid profit-taking activities....
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Pandemic Accelerating Digital Transformation, Says RMB Boss
The Chief Executive Officer of RMB Nigeria and the bank’s Regional Head for West Africa, Mr. Michael Larbie, has said...
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Agusto & Co. affirms the “Aa-” rating assigned to Rand Merchant Bank Nigeria Limited
The rating expires on 30 June 2021. The rating assigned to Rand Merchant Bank Nigeria Limited (“RMBN” or “the Bank”) reflects its...
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Petrol price hits N143.8, stakeholders push for total deregulation
The pump price band for Premium Motor Spirit has been increased from N121.5 – N123.5/litre to N140.8 – N143.8/litre for...
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OPEC output sinks despite partial compliance by Nigeria, Iraq
The Organisation of Petroleum Exporting Countries (OPEC) oil output hit the lowest in two decades in June as Saudi Arabia...
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‘W/Bank appoints two Vice Presidents for African region’
The World Bank’s Sub-Saharan Africa Regional portfolio will now be managed by two vice presidents covering Western and Central and...
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Shell takes $22b hit over low oil prices
Shell, an oil giant, has warned that the low price of oil could reduce the value of its assets by...
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Stock market resumes July upbeat as index rises by 0.47%
Following price gains recorded by most blue-chip stocks, the equities market resumed trading for the month of July upbeat, causing...
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Agusto & Co. assigns a ‘Bb’ rating to Providus Bank Plc.
The rating expires on 30 June 2021. The rating assigned to Providus Bank Plc (“ProvidusBank” or “the Bank”) reflects its growing brand...
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FIRS generates N66bn from stamp duty in five months
The Federal Inland Revenue Service (FIRS) has said it remitted N66 billion as stamp duty revenue into the federation account...
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FG may force DSTV to charge per view
The Federal Government has disclosed plans to force the Digital Satellite Television, owned by MultiChoice, a South Africa-based cable service...
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AXA Mansard records N21b gross premium
Despite the challenging operating environment, AXA Mansard Insurance Plc, in its unaudited financial report 2020, has announced a Gross Written...
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Stocks shed N198bn as Cadbury, BUA Cement lead losers
The nation’s stock market closed on a negative on its last trading day in June as 34 firms, led by...
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Fixed income securities make N334.4b
ABOUT 8,469,257 million contributors, including workers and retirees, have earned N334.46 billion from fixed income securities, The Nation has learnt This...
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