Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
N200m Micro finance bank recapitalisation plan’ll kill MSMEs, SMEs –Lawson
The Federal Government has been charged to prevail upon the Central Bank of Nigeria (CBN) to back down on the policy...
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Redstar Express Raises N1.34 Billion to Boost Operations
Red Star Express Plc has successfully raised N1.347 billion from existing shareholders through the rights issue of 336,855,291 shares of...
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SEC begins new investors’ identification regime
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), will on April 1, begin enforcement of a new investors’...
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Airlines risk collapse, seek bail-out funds over covid-19 losses
Major carriers are now at risk of collapse over disruption in-flight services and regional restrictions on account of the coronavirus...
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Zenith Bank okays N87.9b dividend
Shareholders of Zenith Bank Plc yesterday, at the 29th Annual General Meeting of the Bank, held at the Shehu Musa...
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More pain for Nigeria as oil sinks to $29
With the international oil benchmark, Brent crude, falling below the $30 per barrel mark on Monday, the oil-dependent Nigerian economy...
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Julius Berger Posts N8.7bn Profit, Declares N3.6bn Dividend, Bonus Share
Shareholders of Julius Berger Nigeria Plc are to receive dividend and bonus shares for the financial year ended December 31,...
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Selloff persists in equities market as index plunges further by 0.12%
Despite price gains that outweighed losses, the Nigerian equities market reopened the week on a downturn, causing the All-Share index...
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Visa-on-arrival issuance drops by 39.8%
The number of visas on arrival issued at the Murtala Muhammed International Airport, Lagos in the last one month has...
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Insurers’ assets to grow by 26.5% –Report
A report by Agusto&Co, a Pan African Credit Rating Agency and provider of industry research has anticipated a 26.5 per...
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Shell lists operational challenges in Nigeria
Global oil giant, Shell, has identified insecurity, legislative issues and poor infrastructure as some of the problems confronting its operations...
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Exporters fret as naira depreciates
Agro exporters may face stiff competition from their counterparts in emerging economies as a sharp fall in the naira could...
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Nigerian equities market records worst weekly losses
It was a gloomy week for the domestic bourse as fear of Coronavirus and lower oil price panic-selling drove the...
Read more‘26 Insurance Firms Likely to Meet New Capital Requirement’
Agusto and Co., a research, credit ratings and risk management firm, has envisaged a significant reduction in the total number...
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Nigerians want smartphones below $100 as disposable income drops
Shipments of smartphones to Nigeria was 5.3 percent in Q4, 2019, as demand for lower brands priced below $100 rose,...
Read moreNaira crashes in value, dollar sells for N420
On Thursday, the naira exchanged between N405 and N420 to a dollar in the Bureau De Change segment of the...
Read moreShell income drops by $7.5 billion
ROYAL Dutch Shell has recorded a drop of $7.5 billion in its income. The oil giant’s 2019 yearly report showed...
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44 firms shed N457bn, market cap falls below N12tn
The nation’s stock market extended its decline on Thursday as 44 firms recorded price depreciation, causing investors to lose N457bn...
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NNPC to reduce cost of crude oil production from $17
The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to strategically put in place measures that would alleviate the...
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Blue Seal Energy begins $12.5m chemical plant construction
Blue Seal Energy Group (BESG) has begun the construction of its $12.5 million chemical plant in Ibeju Lekki, Lagos. The...
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Oando gets ISO 27001 certification
Oando Plc has become the first African oil and gas company to receive the ISO 27001 Certification from Certification Partner...
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Generator importation to attract 10-year jail term — Senate bill
A bill for an act to criminalise the importation, selling and usage of generators in Nigeria scaled the first reading...
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MTN Nigeria Invests N4.55trn in Fixed Assets
For a period spanning 19 years since the first commercial rollout of its telecoms services in Nigeria in 2001, MTN...
Read moreFalling oil price triggers over N1tr sell-off in stock market
No respite yet for Nigerian investors as over N1 trillion has been wiped off from the stock market in just...
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Access Bank declares N23b dividend as profit hits N115.4b
ACCESS Bank at the weekend declared a total dividend of N23.1 billion as cash payouts to shareholders as the commercial...
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