Business
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Dangote Cement Shareholders Approve Share Buy-Back Plans, Commends Board
Shareholders of Dangote Cement Plc yesterday unanimously approved the proposal of the company to buy back 10 per cent of...
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Stock market sustains sliding profile, as indices plummet by N2b
The Nigerian equities market sustained prior day’s downtrend yesterday, as more bluechip stocks prices shed some weight, resulting to a...
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Nigeria Presents $114bn SDGs Private Sector Investment Opportunity
A study by Standard Charted Bank has revealed that the about $114.2 billion private-sector investment opportunity in contributing to the...
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Shipping sector needs $1 trillion to decarbonize by 2050, says report
About $1trillion of capital investment in land-based and ship-related infrastructure is required to halve international shipping’s greenhouse gas emissions by...
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Bank customers groan as glitches mar e-transactions
Many customers of the tier 1 bank, Guarantee Trust, yesterday lamented their inability to seamlessly make online transactions due to...
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$1.8trn available for investments in Africa — AfDB
The African Development Bank (AfDB) has said the total assets under management alone by pension funds, sovereign wealth funds and...
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PFAs invest N7.40tn in FG securities, infrastructure
About N7tn of the N9.99tn pension fund assets has been invested in the Federal Government securities by Pension Fund Administrators....
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Investors Trade N3.7 Billion Shares as Market Pares Gains
Investors staked N3.713 billion on 272.839 million shares in 4,945 deals at the stock market yesterday, even as price losses...
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Oil price hits $65 as Libyan oilfields shut down
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya...
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NOVA Bank appointed to collect import duty, others
NOVA Merchant Bank has been appointed as a designated collecting bank for import, excise and other duties by the Nigeria...
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Royal Exchange’s directors hold emergency meeting on accounts
DIRECTORS of Royal Exchange Plc are expected to meet today in an emergency meeting to consider the group’s financial statement...
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PenCom orders PFAs to raise retirees’ pensions
The National Pension Commission has directed the Pension Fund Administrators to implement pension enhancement for retirees on programmed withdrawal under...
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Buba Now SunTrust Bank CEO
SunTrust Bank Limited has appointed Mrs. Halima Buba as its Managing Director/Chief Executive Officer. The Central Bank of Nigeria...
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Investors regain confidence as market gains N48bn
Investors in the equity market have regained confidence in the market following the extension of the gaining streak. The...
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NAICOM approves new leadership for FIN to boost productivity
The apex regulatory authority in Nigeria’s insurance market has confirmed the appointment of top executive at FIN Insurance Company Limited.The...
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Open Banking, CeBIH’s role and Nigeria’s e-payment growth
Open Banking is an initiative that is aimed at addressing the challenge confronting many bank customers, especially those with multiple...
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Afreximbank Seals $190m Deal
The African Export-Import Bank (Afreximbank) has signed a term sheet with Made In Africa Inc. (MIA), to provide the company...
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AfDB to Invest $250m on Water, Sanitation in FCT
The African Development Bank (AfDB) has revealed plans to invest $250 million in the Federal Capital Territory (FCT) water and...
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Boko Haram Cuts off Maiduguri from Power Grid
The Transmission Company of Nigeria (TCN) yesterday disclosed that Maiduguri, the capital of Borno State has been cut off from...
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Foreign Investors Bought Less Bonds in 2019, Says DMO
Foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39 per cent of all bonds...
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First Bank Supports Schools with N10bn Loans
First Bank of Nigeria Limited has announced that within the last year, it has supported educational institutions in the country...
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Nigerians Urged to Adopt Timely Financial Planning
Nigerians have been advised to start making wise financial decision early enough this year, in order to achieve their set...
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Stakeholders Call for Establishment of National Cybersecurity Centre
Information Technology (IT) stakeholders have stressed the need for the federal government to establish a National Cybersecurity Centre for Nigeria...
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TCN to push for Discos’ recapitalisation
Power distribution companies must be recapitalised for Nigeria’s power industry to work and the Transmission Company of Nigeria has vowed...
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Insurance Regulator to Prepare Operators ahead of IFRS 17 Adoption
The National Insurance Commission, (NAICOM) has said it will this year intensify effort in preparing operators for total adoption of...
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