Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
The Debt Management Office has said all the loans collected by the Federal Government from China, which are being scrutinised...
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Equities market ended bearish, as investors lost N28.8bn
The stock market halted the long run of successive gains as the All-Share Index fell 22bps to close at 25,166.01...
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Ardova Grows Revenue By 22% to N53bn in First Quarter
Ardova Plc has reported a revenue of N52.1 billion for the first quarter ended March 31, 2020, showing an increase...
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World airlines’ debt to hit $550 billion by end of year
The airline industry’s global debt could rise to $550billion by year-end, the International Air Transport Association (IATA), has said. The...
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Petrol marketers to gain N8.3bn on depot price reduction
Retail marketers of petrol are currently raking in billions of naira as findings on Wednesday showed that they would make...
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World Bank approves $346m for Lake Chad region projects
The World Bank Group on Wednesday announced the approval of $346 million for two key projects in the Lake Chad...
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CBN suspends intervention-loan repayment for one year
The Central Bank of Nigeria has said it is giving one-year moratorium on all principal repayments for COVID-19 intervention loans...
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Axxela N10 Billion Bond Records 124% Subscription
Axxela Limited, a portfolio company with a vision of becoming the preferred and fastest-growing gas & power firm in sub-Saharan...
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Stock market reopens bullish as index gains N8 billion
Despite the two day holiday declared by the Federal Government on Monday and Tuesday, to commemorate the Eid al-Fitr celebration,...
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TAJBank announces issuance of N150bn FGN Sukuk Bond
TAJBank, Nigeria’s most innovative non-interest financial institution, has announced a N150 million Sukuk Bond issuance as approved by the Federal...
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Petrol sold above N130 in 17 states, says NBS
Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre...
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NCC explains data depletion during lockdown
The Nigerian Communications Commission (NCC), has explained why telecoms consumers are witnessing faster data depletion since the beginning of the...
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Task Before Yuguda
As the capital market community awaits the coming of Lamido Yuguda as the substantive Director General of the Securities and...
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Global trade may slump by 32% amid COVID-19 shutdowns
The global economy and world trade are being battered by the widespread and comprehensive measures to limit the spread of...
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IMF advises banks to suspend dividend payment
The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the...
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PenCom plans investments diversification post-COVID-19
As the Coronavirus (COVID-19) pandemic continues to ravage economies globally and impacting businesses negatively, the National Pension Commission (PenCom), said...
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Coronation Merchant Bank seeks N15b short-term capital
Coronation Merchant Bank Limited is seeking to raise up to N15 billion in short-term capital through the issuance of commercial...
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Fixed income market to witness increased activities, says NSE
The Nigerian Stock Exchange (NSE) has expressed optimism that the fixed income market would experience increased activities on account of...
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‘How N15.2 billion gross written premium raises investors’ confidence’
Despite worries about a recession, operators in the nation’s insurance industry are beginning to explore digital avenues to aid the...
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Financial service provider raises N10 billion bond issuance
Aligning with its organisational objectives for Year 2020, United Capital Plc said it has successfully raised the sum of N10billion...
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CBN sets 2022 deadline for MfBs’ N200m recapitalisation
Central Bank of Nigeria (CBN) has set April 2022 deadline for tier-1 Microfinance Banks (MfBs) to achieve N200 million minimum...
Read moreEquities market’s bullish streak raised investors’ gain to N694bn
The equities market reversed the loss from the previous week following a bullish streak on all trading sessions last week...
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BUA Cement Delights Shareholders with N61bn Profit, Dividend Payment
When Chairman of BUA Group, Alhaji Abdul Samad Rabiu, decided to merge the cement companies in the group late last...
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Oil marketers demand pricing formula, legislation to sustain monthly adjustments
Operators in the downstream sector of the oil and gas sector have asked the Federal Government to unveil a pricing...
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CBN cautions investors against sourcing forex from ‘black market’
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has warned local and foreign investors from sourcing their...
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