Business
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Report: Banks to Tap Local Debt Market to Fight Headwinds
Some Nigerian banks are considering issuing naira-denominated bonds in the short-to-medium term to beef up their capital and strengthen their...
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Investors lose N1.8 trillion in two months of COVID-19 in Nigeria
Stock market investors have lost over N1.8trillion in two months after the first case of Coronavirus (COVID-19), was confirmed in...
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FBN Holdings shareholders approve N13.64bn dividend
Shareholders of the FBN Holdings have approved a total dividend of N13.64bn declared by the company for the financial year...
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BoI Grants Three Months Moratorium on Loans
The Bank of Industry (BoI) has granted three months moratorium to all loans it extended to its customers to enable...
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CBN Lifts Suspension on Cheque Clearing
The Central Bank of Nigeria (CBN) has lifted the temporary suspension it placed on the clearing of cheques in the...
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PPPRA parleys CBN on forex support for oil marketers
The Petroleum Products Pricing Regulatory Agency (PPPRA) is discussing with the Central Bank of Nigeria (CBN) on ways to make...
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‘Many oil projects in Nigeria, others may not see FID this year’
With the impact of the coronavirus compounding oil and gas industry challenges, governments in Nigeria and other African countries have...
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Investors lose N1.8 trillion in two months of COVID-19 in Nigeria
Stock market investors have lost over N1.8trillion in two months after the first case of Coronavirus (COVID-19), was confirmed in...
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Polaris Bank Marks First Year with N27.8bn Profit
Polaris Bank Limited has recorded a profit before tax (PBT) of N27.8 billion for the financial year ended December 31,...
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Local firms owe 90% of $8b oil industry debt to banks
Nigeria’s independents that produce about 400,000 barrels per day out of the about two million barrels daily national output account...
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What N1.4trn CRR deduction by CBN means for banks
The Central Bank of Nigeria (CBN) has deducted a whopping N1.4 trillion from the banking sector’s Cash Reserve Requirement (CRR)...
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Dollar sells for N450 in parallel market
The dollar sold for N450 in the parallel market on Friday, showing a shallow and dry reflection of the foreign...
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Transactions on CBN’s I & E Window Hit $171bn
The cumulative transactions on the Investors and Exporters’ (I&E) foreign exchange window of the Central Bank of Nigeria (CBN) have...
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Dwindling economic fortunes, rising COVID-19 cases depress NSE’s index by 1.41%
Despite buying interest in some bluechip, the dwindling economic fortunes triggered by the rising cases of COVID-19 in Nigeria have...
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Falling Oil Price Drowns Nigeria’s Independent Producers
The unprecedented oil price slump is destroying Nigeria’s independent crude producers, who pump about a fifth of the nation’s supply...
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Foreign Investors’ Dollars Trapped in Nigeria’s Debt Market
Foreign investors have had their money trapped in Nigeria’s debt market as dollar liquidity dries up due to a lack...
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COVID-19: Governors Want Lockdown Relaxed, Endorse Partial Restriction
•Cases hit 1095 •NCDC: Nigeria still in danger zone, some states yet to submit samples for testing •Frontline workers get...
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FG explains why lockdown can’t be relaxed as cases hit 1,095
The Federal Government, through the Nigeria Centre for Disease Control, has explained why the lockdown measure should not be relaxed...
Read moreN50bn CBN loans to SMEs, others end 2024
The Central Bank of Nigeria has set December 31, 2024 exit date for its intervention loans to the Small and...
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FBNQuest Records N4.2bn Profit
FBNQuest Merchant Bank Limited has declared a profit before tax (PBT) of N4.15 billion for the year ended 31st December...
Read moreIndia’s refiner shuns Nigeria’s crude oil in Q1
India’s Reliance Industries, owner of the world’s biggest refining complex, saw its imports of Nigerian crude oil slump to zero...
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Dangote Cement Raises N150bn as Bond Offer Records Oversubscription
Dangote Cement Plc has raised a total N150 billion in its debut bond issuance in the nation’s capital market. The...
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MTN Group to reduce stake in Nigeria
MTN Group Ltd will push on with the plan to reduce its majority stake in the wireless carrier’s business, it...
Read moreStock market indices slump by N162b amid losses in bellwethers
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), closed on a downward note yesterday, occasioned by losses...
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Subscribers Sustain Strong Appetite at April FGN Bond Auction
Investors again demonstrated a strong appetite for the FGN bond at the April auction, which was conducted on Wednesday, despite...
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