Business
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Covid-19: NAICOM Extends Deadline For Submission Of Q1 Returns, Offers Palliative To Insurers
Taking into cognisance the spread of the dreaded coronavirus tagged covid-19, the National Insurance Commission (NAICOM) has extended the deadline...
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SEC insists disclosures must go on despite Covid-19
Securities and Exchange Commission, (SEC) has reiterated that all public companies must continue to make appropriate disclosures regardless of the...
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ILO to G20: support workers, jobs
The Director-General, International Labour Organisation (ILO), Guy Ryder, has called on G20 countries to protect people, jobs, income and enterprises...
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Consolidated Hallmark Insurance Posts 48% Growth in Profit to N600m
Consolidated Hallmark Insurance Plc (CHI Plc) has recorded a growth of 48 per cent in profit after tax (PAT) for...
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Large-cap stocks lift equities to N10b gain
Nigerian equities staged a modest recovery yesterday as large-cap stocks in industrial and food manufacturing sectors rallied the overall market...
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Oil price falls to $24, oversupply fears grow
The international oil price benchmark, Brent crude, slid further on Wednesday, as a bigger-than-expected rise in United States inventories and...
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CBN Offers N95.681bn TBills, Records 59% Oversubscription
The Central Bank of Nigeria (CBN) offered a total of N95.681 billion debt instrument at its Nigerian Treasury Bills Primary...
Read moreSEC Activates Business Continuity Process for Capital Market Operations
In compliance with the federal government’s directives on the restriction of movements in Lagos and Ogun States as well as...
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Local airline loses N2.1 billion in three weeks
A major local airline has lost as much as N2.1 billion in the last three weeks over flight disruption occasioned...
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Stock market index sustains sliding profile, down by 0.94 per cent
Transactions on the Nigerian Stock Exchange (NSE) sustained sliding profile yesterday, following losses by most blue-chip stocks, causing the All-Share...
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NSE to sustain trading operations remotely – Onyema
The Nigerian Stock Exchange (NSE) has said it will continue to work remotely following the 14 days complete lockdown declared...
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SMEDAN Grants Three Months Moratorium to Loan Beneficiaries
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has granted a three-month moratorium to beneficiaries of its One...
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Virus crisis forces UK banks to axe billions in payouts
Britain’s banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share buybacks after the Bank of...
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NNPC spent N218.18bn on ailing refineries in 2019
Nigeria’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense of N218.18bn in 2019. The...
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Consumers’, businesses’ confidence in economy plunges
The Consumers’ confidence in the economy has taken a huge decline by 3.0 index point to 0.3 index point in...
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World Bank plans $150bn economic recovery scheme after pandemic
The World Bank Group has expressed its readiness to deploy about $150bn over the next 15 months to stimulate economic...
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Crude oil price crash will raise Nigeria’s debt-to-revenue ratio — FDC
Analysts at Financial Derivatives Company (FDC) have said that the crash in price of crude oil following the price war...
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Expect recession worse than 2008 global crisis – IMF
The International Monetary Fund has said the global economy will slide into a recession that is “at least as bad...
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Nigeria denies plan to hand over electricity distribution to Siemens
The Ministry of Power has denied the report that the Federal Government intends to hand over the nation’s electricity distribution to Siemens,...
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ABCON directs BDCs to comply with N380/$ official rate
The Association of Bureaux De Change Operators of Nigeria (ABCON) has directed bureaux de change (BDCs) across the country to...
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Mutual funds to hit N1.5tn this year – SEC
The Securities and Exchange Commission has said that Collective Investment Scheme in the nation’s capital market may hit over N1.5tn...
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Power generation down 5.52% in Q3’19 as constraints persist
Total electric energy generated in the third quarter of 2019 (Q3’19) dropped by 5.52 percent from the second quarter (Q2’19)...
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DEREGULATION: Fuel price to be reviewed April 1 — PPPRA
In a move signalling possible deregulation of the downstream sector, the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, said that...
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Covid-19: Aviation industry to lose N160bn, 22,200 jobs
• Air Peace suspends Liberia, Senegal flights • FG may restrict international flights to Lagos, Abuja The disruption to air...
Read moreOil rises to $28 as Trump considers intervention
The international oil benchmark, Brent crude, halted its losing streak on Thursday, trading around $28 per barrel as the United...
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