Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
First Bank profits up 15.3 % in Q3
FBN Holdings Plc has announced its unaudited results for the nine months ended 30 September 2019, with profit after tax...
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My investments meant to tackle poverty – Dangote
The Chairman of Dangote Cement Plc, Aliko Dangote, has said that he will continue to help in alleviating poverty and...
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Foreign Investments in Equities Market Soar to N1.2tn
Foreign transactions in the Nigerian equities market soared by 97.88 per cent from N616 billion to N1.219 trillion in the...
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NDIC: Savannah Bank Remains Licenced to Operate
The Nigeria Deposit Insurance Corporation (NDIC) has insisted that the defunct Savannah Bank remains a bank with operational licence even...
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NSE lists Union Bank’s N30bn bonds
The Nigerian Stock Exchange has listed Union Bank of Nigeria Plc’s N30bn10-Year bond. The NSE said in a notice that...
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FG disburses $103.64m Abacha loot to the poor
The Special Adviser to the President on Social Investments, Mrs Maryam Uwais, has said that the Federal Government has been...
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Airtel introduces new data plan
Airtel Nigeria has increased the data allowance on its weekly and monthly data tariff plans in a new move that...
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Bank CEOs Disclaim MTN over USSD Transactions Charges
Chief Executive Officers (CEOs) of commercial banks have distanced themselves from the moves by MTN Nigeria to impose charges on...
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Seven banks account for 64 per cent of industry assets
The nation’s Deposit Money Banks (DMBs) is currently dominated by seven operators, with a cumulative asset base of 63.8 per...
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Sell pressure in 15 stocks drag NSE’s indices by N28 billion
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), reopened on a negative note yesterday, as sell pressure...
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CBN opposes MTN over mobile banking transaction access
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers...
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Underwriters, banks target N270 billion premium from 45m cargoes
Insurers urge customs to search for importers with fake policy To further deepen insurance penetration in the nation’s economy in...
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Royal Exchange grosses N14.7b premium
Royal Exchange Plc generated a Gross Written Premium of N14.7 billion as at December 31, 2018. This represents an increase...
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Equities defy earnings’ scorecards as investors lose 0.32% in one week
Analysts blame weak purchasing power, low confidence Despite the 2019 third quarter (Q3) financial results so far released by some...
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NAICOM’s industry portal goes live next year
A portal of the National Insurance Commission (NAICOM) that will integrate all insurance transactions in the insurance industry into a...
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Shell Aims to Operate Egypt Concessions in 2020
Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020,...
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FMDQ records N179tn turnover in eight months
FMDQ OTC Securities Exchange recorded a turnover of N179tn in nine months. Data obtained from the FMDQ on Thursday showed...
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Six Banks Extend Market Dominance
The Concentration Ratio (CR) of the six largest banks in Nigeria with respect to deposits and assets stood at 60.31...
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Transcorp wins Afam power station with $343.6m
The National Council on Privatisation (NCP) has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation...
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All-Share Index Falls Further as Market Extends Bearish Trend
The Nigerian equities market declined further following losses by banking stocks. The Nigerian Stock Exchange (NSE) All-Share Index fell by...
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Oil rises 1% on OPEC supply cuts
Oil rose about 1.4 per cent on Wednesday, gaining support due to signs that the Organisation of Petroleum Exporting Countries...
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Access Bank’s daily digital lending hits N1bn
Access Bank says its expanded digital lending portfolio has given Nigerians quick and 24/7 access to funds for emergencies without...
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DMO report: Nigeria’s debt is N25.7trillion
NIGERIA owes N25.7 trillion in domestic and external debt. The Debt Management Office (DMO) stated this in its ‘Total Public...
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AIICO increases authorised share capital to N18bn
AIICO Insurance Plc says it has received shareholders’ approval to increase its authorised share capital from N10bn to N18bn. A...
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GTBank Posts N324bn Revenue, N147bn Profit in Nine Months
Guaranty Trust Bank Plc (GTBank) Wednesday released its unaudited financial results for the nine months ended September 30, 2019, showing...
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