Business
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Consolidated Hallmark opens N1.05bn rights issue
Consolidated Hallmark Insurance says it has received the approval of regulators to raise an additional sum of N1.05bn to increase...
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GTBank posts N198.85bn profit, declares N2.50 final dividend
Guaranty Bank Trust Plc has declared a profit after tax of N196.85bn for the financial year ended December 31, 2019...
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Experts flay indiscriminate withdrawal from escrow account
Economic experts have described the creation of Nigeria’s Excess Crude Account (ECA) also called Escrow, by the federal government as...
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Dangote, Zenith Bank, 4 others post N941bn profit
An analysis of the performance, indicated that four companies listed on the premium board of the NSE and two others...
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Equities lose N209b amid panic selloffs
NIGERIAN equities lost N209 billion on Monday as investors overlooked earnings and dividend yields and opened up market orders to...
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Olam Pledges to Boost Agric Value chain
Olam Nigeria has expressed its preparedness to enhance the agriculture sector of the country by up scaling the production and...
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How insurers N43.62b premiums will boost investors’ confidence
The Nigerian insurance market has been faced with different challenges in its efforts to serve the needs of the relevant...
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UBA’s earnings grew by 13%, recorded N111bn profit
Pan-African financial institution, United Bank for Africa Plc says its gross earnings grew by 13.3 per cent to N559.8bn in...
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Coronation Merchant Bank, IFC partner on N14bn facility
Coronation Merchant Bank has partnered with the International Finance Corporation (IFC) to a launch a N14.4 billion Trade Finance Guarantee...
Read moreEquities record worst weekly losses over coronavirus spread, others
The Nigerian Stock Exchange (NSE), last week, suffered the biggest weekly losses since April 2019, following massive selloffs and exit...
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NDIC wins N1.4bn case against defunct Gulf Bank debtor
The Nigeria Deposit Insurance Corporation (NDIC) has secured a judgment against Jolimair Nigeria Limited and three other debtors on their...
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IFC announces $25million shared-risk facility for Nigerian bank’s customers
International Finance Corporation (IFC), a member of the World Bank Group, yesterday, announced a $25million local-currency investment in a risk-sharing...
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Dipping oil prices threaten budget 2020
GLOBAL crude oil prices continued to contract on Thursday as countries across the world continue to record new cases of...
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Shipping lines may lose $1.7bn to Coronavirus – Report
A Copenhagen-based analysis company, Sea-Intelligence, has predicted that international shipping lines may lose $1.7bn in revenue following the impact of...
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Stock Market Slips into Negative Territory as Bears Consolidate Hold
The Nigerian equities market continued with the bearish trend following weak investors’ sentiment and negative reaction to unimpressive corporate earnings....
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Dangote cement pays N16 dividend per share
Investments made by Dangote Cement Plc in various parts of Africa have begun to yield results as Pan-African sales volume...
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CSL stockbrokers appointed as new stockbroker to the Federal Government
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of...
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Reps probe banks charges
The House of Representatives Committee on Banking and Currency has been mandated to liaise with professional financial consultants to investigate...
Read moreNigeria’s recession buffer weak as Coronavirus drives oil near $47/bbl
• Rising insecurity threatens investment, diversification With the impact of the coronavirus taking a toll on oil demand and...
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Dangote Commences Pre-testing of $2bn Fertilizer Plant ahead of Inauguration
Dangote Fertilizer Limited has begun countdown to the inauguration of its $2 billion Granulated Urea Fertilizer complex, with several critical...
Read morePassenger revenue lost to coronavirus hits $29.3 billion
• If you are sick, don’t travel, flight dispatchers advise Nigerians As the coronavirus epidemic continues to spread and...
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Alleged debt: Ecobank demands N3.3b from oil firms
ECOBANK Nigeria Limited on Tuesday urged the Federal High Court in Lagos to order Sahara Group Limited to pay it...
Read moreGovernment agency, insurers to recover N45bn from fake insurance operators
The Federal Government is working with operators to recover about N45billion lost to fake insurance practitioners nationwide on Third Party...
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Oil Price Slumps to $56 as Coronavirus Spreads Globally
Crude oil price tumbled by three per cent yesterday, as the rapid spread of a coronavirus in several countries outside...
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Nigeria’s economy records 2.27% growth in 2019
The Gross Domestic Product (GDP) report released Monday by the National Bureau of Statistics (NBS) showed that Nigeria’s economic growth...
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