Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
‘Gold may be safe haven for investors’
Investing in gold-based Exchange Traded Fund (ETF) will provide investors with much-needed hedge and safety in this uncertain period of Covid-19...
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Stock market index rises further by 2.32% despite lockdown extension
Despite government’s decision to extend the lockdown in Lagos, Abuja and Ogun states by additional 14 days, the Nigerian equities...
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Dangote Cement’s N100b debut bond closes amid high expectations
Nigeria’s largest quoted company and Sub-Saharan Africa’s largest cement company, Dangote Cement Plc, on Tuesday completed the book building and...
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Evaluating Fresh Plan to Revive NNPC’s Refineries
The Group Managing Director of the NNPC, Mallam Mele Kyari, last week revealed that the corporation will spend money to...
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Agusto Anticipates Drop in Banks’ Profitability
The Founder, Agusto & Co, Mr. Bode Agusto, has predicted that Nigerian banking industry profitability will drop in 2020, following...
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Flour Mills, Primero list N36.5b bonds on NSE
Flour Mills of Nigeria (FMN) Plc and Primero BRT Securitization SPV Plc yesterday listed three bonds valued at N36.5 billion...
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Unilever Nigeria’s Revenue Dips to N60.5bn
Unilever Nigeria has released its audited financial statements for the year ended December 31, 2019. The company recorded turnover of...
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Equities sustain rising profile as ASI appreciates further by 1.47%
Transactions on the equities sector of the Stock Exchange (NSE) sustained rising profile yesterday, as more blue-chip stocks joined the...
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Experts worried about banks’ growth amid pandemic, falling oil price
Experts have expressed fears about the bubble that may arise in the banking sector, should government fail to provide a...
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SEC Moves against Flow of Illicit Funds into Capital Market
As part of efforts to identify investors properly, guard against flow of illicit funds into the capital market and address...
Read moreStock market extends gain by N77bn
Nigerian stocks on Wednesday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further...
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Lafarge Africa Shareholders to Receive 100k Dividend as Firm Returns to Profitability
Shareholders of Lafarge Africa Plc are to receive a dividend of 100 kobo per share for the 2019 financial year,...
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Petrol subsidy: Oil marketers seek flat rate for dollar
Oil marketers on Tuesday advised the Federal Government not to give special advantage to any person or group of persons...
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Chinese firm injects $221m equity into Lekki Ports
China Harbour Engineering Company (CHEC) one of the shareholders of the Lekki Deep Sea Port Projects under construction at the...
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Naira to experience more pressure –Report
The naira will experience more pressure due to slump in the crude oil prices, as the economy grapples with challenges...
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United Capital Raises N5.3 Billion in Commercial Paper to Boost Operations
United Capital Plc, a leading pan-African financial and investment services group has successfully raised N5.3 billion in a Series 1...
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Persistent sell-off drags index further by 2.02 per cent
Transactions in the equities sector of the Nigerian Stock Exchange (NSE) reopened on a downturn yesterday, as the All Share...
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Diesel, kerosene prices fail to drop despite oil crash
The pump prices of diesel and kerosene in Nigeria have yet to reflect the collapse of global crude oil prices...
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AfDB Lists $3bn Social Bond on LSE
The African Development Bank’s (AfDB) “Fight Covid-19” social bond, the largest social bond to date to be issued in the...
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Stanbic IBTC to convert N21b cash to scrip at N24.79 per share
Stanbic IBTC Holdings Plc has indicated that a conversion price of N24.79 per share for any shareholder that elects to...
Read moreReport Forecasts 20% Drop in Diaspora Remittances
A Pan-African credit rating agency, Agusto & Co, has predicted a 20 per cent drop in Diaspora remittances to Nigeria...
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Banks review card spending abroad as dollar earnings dip
BANKS are adjusting the value and volume of transactions customers can do with their debit cards abroad as Nigeria’s dollar...
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FBNQuest assets under management hit N220b
FBNQuest Asset Management, a subsidiary of FBN Holdings, has offered investors expert guidance on investing opportunities. The firm, which has...
Read moreEquity market extends weekly downtrend by 3.51%
Following rising cases of coronavirus in Nigeria, the domestic bourse on Friday recorded further extended weekly decline as the NSE...
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Nigeria, others witness slow Internet speed as submarine cable cuts
Subscribers, especially data customers may experience service disruptions, slow speeds, among other challenges as a result of damages to a...
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