Business
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Dangote Cement Shares Gain 21% on Increased Investors’ Demand
Shareholders of Dangote Cement Plc recorded a capital gain of 21.1 per cent last week as investors increased demand for...
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UBA Board Meets to Discuss Dividend Recommendation, Others
The Board of Directors of United Bank for Africa Plc will meet on Monday, January 27, 2020, to discuss the...
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Customs generate N1.34tn, surpasses target by N403bn
The Nigeria Customs Service generated a total of N1.34tn revenue for the government in the 2019 fiscal year. The Public...
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BUA listing adds N1.8tr to NSE capitalisation
The Nigerian Stock Exchange (NSE) yesterday listed the 33.864 billion ordinary shares of 50 kobo each BUA Cement Plc at...
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NSE CEO to Review Market Performance, Unveil Plans for 2020
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema will on Monday lead other members of...
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Investors Stake N7.4 Billion on 693.2m Shares at Stock Market
Investors staked N7.444 billion on 693.188 million shares in 6,634 deals yesterday, as the market remained bullish. Although the volume...
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Oil marketers want petrol exempted from PoS charge
Oil marketers under the aegis of the Major Marketers Association of Nigeria have said it will be unfair for petrol...
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Procurement process may slow N2.4tn capital releases
Bureaucracy associated with the public procurement process may slow the release of funds for the implementation of the 2020 budget,...
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Telcos defy minister, say voicemail regulation not required
Telecommunications operators in the country have insisted that the voicemail service on mobile telephone lines does not require policy or...
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FG Currently Reviewing Agricultural Policy, says Minister
The Minister of Agriculture and Rural Development (FMARD), Alhaji Muhammad Sabo Nanono has revealed that the federal government is currently...
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NSE’s Capitalisation to Get N1.2tr Boost as BUA Cement Lists Shares
The Nigerian Stock Exchange (NSE) will today list the shares of BUA Cement Plc, which is a product of the...
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Nigerian Stock Exchange delists AG Leventis
The Nigerian Stock Exchange (NSE) Tuesday delisted AG Leventis (Nigeria) Plc, closing more than four decades of public listing at...
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NSE grants delisting approval to Continental Reinsurance
The Nigerian Stock Exchange says it has granted Continental Reinsurance approval to delist. The NSE said in its Listings Report...
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Tariffs on data, voice calls may go up
Telcos may have no choice but increase tariff for voice calls and data over the decision of 14 state governments...
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NAICOM to digitalise all insurance operations in 2020
The portal is also expected to not only digitalise all NAICOM operations but will also require that all industry operators...
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North America, Mexico suffer $44b loss to forex
At a time when the global economy is slowing and trade wars are raging, currency volatility is a critical way...
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Iran-U.S. tensions push oil price above $70/barrel
Some international relations experts yesterday said the biggest impact of Soleimani’s death so far, which is the surge in oil...
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Economic outlook projects 5.3% return for equities in 2020
Latest Nigeria’s economic outlook has projected that the equities market would likely return at +5.3 per cent, driven by local...
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CBN releases guidelines on Nigerian payment system risk
The Central Bank of Nigeria (CBN) has released the Nigerian Payment Systems Risk and Information Security Management Framework to guide...
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PenCom plans pension bonds to clear N400bn arrears
The National Pension Commission plans to raise pension bonds through the Debt Management Office to offset the pension arrears of...
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Lekoil secures $184m for Ogo oil field project
Lekoil Limited, an exploration and production (E&P) company, has secured $184 million for the appraisal drilling and initial development programme...
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Repositioning NSE for contribution to 2020 growth plans
It is widely agreed among analysts that the reforms on the Nigerian capital market since the global financial crisis have...
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Subscribers leaving mobile service providers rise by 216%
The number of subscribers leaving their mobile telecommunications service providers for other mobile networks increased by 216.09 per cent within...
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Merchants defy CBN’s directive on N50 PoS charge
Despite the directive of the Central Bank of Nigeria to merchants to stop the deduction of additional N50 on Point...
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Dangote’s fortune rises by $4.3b
Africa richest man, Aliko Dangote has moved up in the world billionaires’ list, emerging the 96th richest person in the...
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