Business
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Oil Price Slump: Rating Agencies Warn of Possible Downgrades
The world’s top rating agencies yesterday said the sharp drop in oil prices, if sustained, could cause a wave of...
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Meristem Wealth Management Launches N1bn Exchange Traded Funds
Meristem Wealth Management Limited has launched a N1 billion offer for subscription of two Exchange Traded Fund(ETFs), Meristem Growth ETF...
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Stock market investors lose N656bn in one day
Investors suffered a loss of N656bn on Tuesday as the Nigerian equity market saw its biggest daily decline in more...
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Currency in circulation dropped to N2.18tn in February
Currency in circulation dropped by N61bn from N2.24tn as of the end of January 2020 to N2.18tn at the end...
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We’ve provided single digit interest loans to 1.5m farmers – CBN
The Central Bank of Nigeria (CBN) has said through its various interventions in the agricultural sector, at least 1.5m small...
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Stanbic IBTC posts N75 billion profit
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has declared a profit after tax of N75 billion in...
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FG’s pension liabilities rose to N494.12bn in 2019
The National Pension Commission (PenCom), has disclosed that Federal Government’s total arrears of pension liabilities stands at N494.12 billion as...
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FG’s pension liabilities rose to N494.12bn in 2019
Investors in the nation’s stock market lost N329bn at the end of trading on Monday following the commencement of an...
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Nigerians shun PoS transactions over charges
THE volume of electronic payment transactions through Point of Sale (PoS) terminals dropped by 4.83 billion in one month. It...
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Access Bank Records N115bn Profit, Recommends 40k Final Dividend
Access Bank Plc is still savouring the benefits of its decision to merge with former Diamond Bank Plc as the...
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Marketers want dollar at N306 to import petrol
Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria have said access to the dollar at...
Read moreEquities record first weekly gain in three weeks
Bargain-hunting across banking sector propelled the stock market to its first weekly gain in three weeks, as investors jostle for...
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55 Nigerian oil cargoes unsold as demand tumbles
Oil traders are struggling to find buyers for 55 Nigerian crude oil cargoes as the spread of the coronavirus has...
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Standard Bank Issues Inaugural Green Bond
Standard Bank of South Africa Limited has issued its first-ever green bond, via private placement with the International Finance Corporation...
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Coronation Merchant Bank’s Profit Rises to N5.097bn
Coronation Merchant Bank Limited has announced its audited financial results for the year ended 31 December 2019, with a 14...
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PwC forecasts volatile outlook for Africa’s capital markets
PricewaterhouseCoopers (PwC), a multinational professional services network of companies, has projected that Africa’s equity capital market (ECM) will sustain its...
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Forex racketeering: Reps probe CBN, FIRS, others over $30bn leakages
The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over...
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NOVA Records N1.65bn Profit
Nova Merchant Bank Limited has released its audited 2019 full year financial results which showed that its profit after tax...
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Lekoil moves to recover $450,000 after loan scam
Lekoil Limited has said its board of directors has commenced steps to recover the $450,000 paid to Seawave Invest Ltd,...
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Ardova grows post-acquisition profit by 520% to N3.9b
ARDOVA Plc, formerly known as Forte Oil Plc, recorded impressive growths in the top-line and bottom-line in its first audited...
Read moreEquities sustain gaining streak as index add N84 billion
The Nigerian equities market sustained gaining streak, as investors continue to take a position in some highly-capitalised stocks, resulting in...
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Nestle Records N46bn Profit After Tax, Declares N45 Final Dividend
Nestlé Nigeria Plc has announced its financial results for the year 2019, posting improved bottom-line and declaring a final dividend...
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‘Why mergers and acquisition will top insurers’ agenda for recapitalisation’
Following the ongoing recapitalisation in the industry, the National Insurance Commission (NAICOM), is planning a palliative mechanism for underwriters, who...
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NSE Members Okay Exchange as Profit-making, Limited Liability Entity
Members of the Nigerian Stock Exchange (NSE) yesterday approved the process to conclude the demutualisation of the exchange to become...
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Firm Expands Operations to Nigeria
Dan Holdings Group, a Dubai-based blockhchain technology and cryptocurrency company, is expanding its business operations to Nigeria and Africa. ...
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