Business
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CBN targets $12 billion in export trade by 2024
The Central Bank of Nigeria (CBN) has disclosed plans to improve its agenda to diversify the nation’s economy from the...
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Notore Posts N8.2bn Revenue, N2.04bn Operating Profit in Q1
Notore Chemical Industries Plc has recorded a N2.04 billion operating profit in the first quarter(Q1) ended December 31, 2019, which...
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Oil prices jump after reports on coronavirus drug
Oil prices jumped by four per cent on Wednesday on media reports that scientists had developed a drug against the...
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Capital market beset by rising unclaimed dividend, loss of shares
The incidence of unclaimed dividend remains one of the perennial issues that continued to rear its head in Nigeria’s capital...
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NSE All-Share Index Sheds 1.2% on Continuing Bearish Trading
Profit-taking at the stock market continued wednesday driving the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by 1.19 per cent...
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Investors shift to penny stocks as decline continues
Investors appeared to be making strategic shift to dividend-hunting among low-priced stocks as the bearishness at the Nigerian equities market...
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African Alliance Insurance Grows Gross Premium Written by 45%
African Alliance Insurance, has recorded a 45 per cent jump in its gross premium written to N7.5 billion for the...
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Consolidated Hallmark Insurance to raise N1.06b from shareholders
Consolidated Hallmark Insurance Plc plans to raise about N1.06 billion in new equity funds from existing shareholders as the insurance...
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Challenges loom for Nigeria as OPEC may cut 500,000bpd
There are indications that Organisation of Petroleum Exporting Countries (OPEC), and its allies, especially Russia, will further cut oil supply...
Read moreBanks recover N39.4bn non-performing loans from ICT sector
Nigerian banks recovered N39.4bn non-performing loans from its debtors in the Information and Communications Technology sector in one year. As...
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NSE, SEC Enhance Capacity for Efficient Derivatives Market
In a bid to ensure an efficient derivatives market, the Nigerian Stock Exchange (NSE) and the Securities and Exchange Commission...
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18 states worse hit by poverty, says AfDB
Poverty rate in more than half of the 36 states of the nation is above the national average of 69...
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Investor stakes N50bn on revival of textile industry in S/West
In furtherance of the federal government policy directing military and para-military personnel to source their uniforms locally, a cotton processor,...
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Budget under threat as oil sinks to $54
The international oil benchmark, Brent crude, plummeted to its lowest level in more than a year on Monday, trading below...
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Coronation Merchant Bank gets new MD
THE Board of Directors of Coronation Merchant Bank Limited has announced the appointment of Banjo Adegbohungbe as the bank’s Acting...
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Consolidated Hallmark Insurance Applies to Raise N1.057bn Capital
Consolidated Hallmark Insurance Plc (CHI) has applied to raise about N1.057 billion from shareholders via a rights issue, as part...
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Federal Govt to pay N272.9bn maturing bonds
The Federal Government allocated 2.6 per cent of its total expenditure totalling N272.9bn to settle pending contract obligations in the...
Read moreBears push further into February, as capitalisation plunges N160b
Despite the full year 2019 results being churned out by quoted companies, the equities market began the month of February...
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FG abolished minimum tax to grow insurance – Osinbajo
Vice-President Yemi Osinbajo has said the Federal Government cancelled the minimum tax for insurance sector to help the sector to...
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NSE launches index for SMEs, relaxes listing requirements
The Nigerian Stock Exchange has launched a new index called the ‘Growth Board’ for the Small and Medium Enterprises. The...
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‘75% Dealers Trade on Devices Not Approved by NCC’
Facts have emerged that unlicensed dealers estimated to reach 75 per cent are currently trading on devices that are not...
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Pension funds should be invested, not borrowed – Group
The Centre for Pension Right Advocacy has said that the funds under the Contributory Pension Scheme are meant to be...
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CBN’s CRR adjustment triggers equities’ 28 per cent weekly loss
The nation’s equities market suffered its first weekly loss in 2020 as the impact of the CBN’s hike in the...
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Stock Market Investors Gain N1.9tn in January
Investors in the Nigerian equities market recorded a growth of N1.88 trillion in their wealth in January while the market...
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H1: Guinness Nigeria Records N68bn Revenue, N1.31bn Profit
Guinness Nigeria Plc, a leading beverage and alcohol company in Nigeria has announced its unaudited results for its first half...
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