Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Seven Nigerian banks post N209.16bn profits
Seven Nigerian banks recorded a combined profit after tax of N209.16bn in the first quarter of this year, their unaudited...
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Nigeria-China COVID-19 row puts $20bn investments at stake
The recent event in Guangzhou, China, where some Nigerians were allegedly maltreated, almost soured relations between Nigeria and the East...
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Investors gained N109.9bn as market value hits N12.7trn
The bulls maintained dominance at the close of trading on the Nigerian Stock Exchange (NSE), yesterday with investors gaining N109.9bn...
Read moreAfrican Banks Find Solace in 12% Bond Yields
Measures by some African countries to get money flowing into the real economy aren’t working yet, with banks parking cash...
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Nigeria attracted $10.2bn fresh investment in 2019 – Report
Nigeria’s cross-border greenfield capital investment in 2019 grew by 28 per cent to $10.2bn, according to the latest report by...
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Why FG uses foreign airlines to evacuate 4000 Nigerians
The Federal Government’s change of mind and ditch of local airlines in the evacuation of Nigerians overseas is causing rancour...
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First Bank to Hold Virtual SME Clinic
FirstBank of Nigeria Limited said it will host a virtual SME Business Clinic to provide insightful information on how SMEs...
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No Dividend as UACN Property Development Company Posts Loss of N16bn Loss
UACN Property Development Company Plc yesterday reported a loss of N15.883 billion for the year ended December 31, 2019, compared...
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Telcos to engage Senate on 5G as spending drops by 0.8 per cent
Telecommunications operators have expressed their readiness to work with both arms of the National Assembly on the fifth-generation (5G) technology...
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FCMB shareholders okay N2.77b dividend payment
Shareholders of FCMB Group Plc have applauded the financial institution for its resilience, dynamism and impressive performance recorded last year despite...
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Despite lockdown, stock market investors gain N897bn
Notwithstanding the lockdown the Nigerian economy witnessed in April over the ravaging CODIV-19 pandemic, the stock market, boosted by the...
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Experts seek initiatives, incentives to cushion looming recession
Experts in the financial sector have said that an economic recession looms in the third quarter of 2020 due to...
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Notore reports N2.7bn income
Notore Chemical Industries Plc, has posted N13.12 billion revenue and N2.7 billion operating income for the half year ended March...
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Investors to Get 7% Return on Afrinvest Dollar Fund
Afrinvest Asset Management Limited yesterday said investors in its new dollar mutual fund are to get as much as seven...
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PenCom dissolves First Guarantee Pensions’ mgt committee
The National Pension Commission (Commission) has dissolved the interim management committee of the First Guarantee Pensions Limited pending the resolution...
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How businesses can stay ahead during COVID-19, by experts
As the lockdown is being relaxed in Lagos, Abuja, and Ogun, experts have charged business owners and policymakers to stay...
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SEC asks Nigerians to explore capital market investment options
As the Coronavirus pandemic continues to impact businesses and individuals in Nigeria with unquantifiable losses, Nigerians have been urged to...
Read moreInvestors’ fortunes rise further by N375 billion
Following sustained bargain hunting in most bluechip stocks, transactions on the equities sector of the Nigerian Stock Exchange (NSE) continued...
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Naira gains, exchanges 430/$ as forex sale resumes
The naira sold for N430 to a dollar on Monday, gaining some strength over previous week’s sales figures, following the...
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Guinness Nigeria Posts N96bn Revenue, N2bn Profit in Nine Months
Guinness Nigeria Plc has reported a revenue of N96.081 billion for the nine months ended March 31, 2020. This represented...
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Stock market reopens upbeat as index rises by 0.30%
Following price gains recorded by most bluechip stocks, the equities market commenced trading for the month of May, in an...
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Bank customers decry poor services of ATMs, USSD codes, others
• Defy social distancing, face-masks wearing • LASTMA impounds erring drivers’ vehicles Despite assurances of uninterrupted and hitch-free services...
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Ecobank posts $90million profit in Q1
Ecobank Nigeria Limited has recorded $90 million Profit Before Tax (PBT) in the first quarter ended March 31, this year....
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Fidelity Bank Reports N6.6bn Q1 Profit, Reassures Stakeholders
Fidelity Bank has reported N6.6bn Q1 profit, and has reassured its stakeholders that it will continue to take measures to...
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Lagos orders civil servants to stay at home, banks to reopen
Lagos State Governor, Babajide Sanwo-Olu yesterday said in spite of easing the lockdown today, civil servants should continue to stay...
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