Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
How speculators undermine efforts to sustain naira stability
The introduction of several forex management measures side-by-side with complementary interventions in food production and manufacturing have drastically reduced food...
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Investors scramble for big banks in N23.55b equities deals
‘First tier banks are safe havens’ Profit-taking cuts N131.2b from equities Investors increased their stakes on Nigerian equities by...
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JAIZ Bank declares N2.4bn profit after tax in 2019
Jaiz Bank Plc, one of Nigeria’s non-interest Islamic Bank, has released its 2019 audited results for the period ended December...
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10 banks earn N22bn on account maintenance charges
The current year has seen a surge of N2.9 billion amounting to an increase of 13.2 percent year on year...
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BUA gets govt’s nod to re-open $400m PH terminal
The Federal Government has given the nob to BUA Group to re-open its $400 million BUA Ports and Terminal in Port...
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Oil soars to $40 as Nigeria cuts production to 1.613m b/d
Oil prices rose sharply yesterday, as Brent per barrel settled above $40 due to reported small crude oil inventory draw...
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Stock markets surge on swift recovery hopes
Growing optimism about a swift global economic recovery pushed equity markets sharply higher Wednesday, as investors took heart from further...
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FMDQ Admits Flour Mills of Nigeria’s N30 Billion Commercial Paper
FMDQ Securities Exchange Limited has approved the quotation of the Flour Mills of Nigeria Plc N10.00 billion Series 13 and...
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FBN Holdings Divests from Insurance Subsidiary, Sells Firm to Sanlam
FBN Holdings Plc has divested its 65 per cent equity in FBN Insurance Limited to Salam (PTY) Limited, which used...
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PFAs shun T’bills, invest N1.6tn in banks, commercial papers
Pension Fund Administrators have gradually reduced investment of pension funds in the Contributory Pension Scheme in treasury bills, findings have...
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Marketers identify challenges in FG’s petrol price review
Again promises given by the Federal Government to properly consult marketers of Premium Motor Spirit (PMS) otherwise called petrol before...
Read moreOil rises to $38 as OPEC+ discusses production cut extension
The Organisation of Petroleum Exporting Countries and its allies led by Russia are moving closer to a compromise on extending...
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Nigeria Loses N160bn to OPEC Production Cut
Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil...
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Leadway Assurance pays N38.5bn claims
Leadway Assurance said its claims paid to its policyholders rose from N33.9bn in 2018 to N38.5bn in 2019 financial period....
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FMDQ lists Flour Mills’ N30bn commercial papers
FMDQ Securities Exchange Limited has announced the approval of the quotation of the Flour Mills of Nigeria Plc N10bn Series...
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Stock market resumes June trading upbeat, as index rises 0.19%
Following gains recorded by most blue-chip stocks, the Nigerian Stock Exchange (NSE) resumed trading for the month of June, upbeat,...
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COVID-19: States to handle cases, NMA demands compliance from churches, mosques
• PTF says Nigeria approaching phase two, cases pass 10,000 • Buhari to decide on curfew, churches, mosques’ reopening today...
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Government moves for $10 oil production cost
Loses 2.9 million barrels in two months Though Nigeria’s cost of oil production is currently above $20 per barrel,...
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Stockbrokers rally support for investment in sukuk
Worried about the emerging reality of global COVID-19 pandemic and the need to grow the economy, the Chartered Institute of...
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Seplat pays $59m dividend to shareholders
Seplat Petroleum Development Company Plc has said its shareholders will receive $59m dividend payment, translating to 10 cents per share....
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Pulling the Rate Cut Trigger in Pandemic Battle
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) last week caught market analysts off guard as it slashed...
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Equities trading yields N32bn gain for investors
The equities market sustained a positive performance at the close of last week as the All-Share Index gained 0.3 per...
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15 African leaders back Adesina, call for caution on AfDB processes
Fifteen leaders of the African Union (AU), all of them former heads of states of their respective countries, have jointly...
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Price crash: NNPC targets $10 oil production cost
The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of...
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AIICO records 23% growth in Q1 gross premiums
AIICO Insurance Plc has reported gross written premiums of ₦17.6bn, up 23% from the same period in 2019 which was...
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