Business
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Emefiele cautions rice millers against price hike over border closure
Following unprecedented increase in the prices of locally-produced rice as a result of border closure, Governor, Central Bank of Nigeria...
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Seplat to acquire Eland Oil for N174.2bn
Seplat Petroleum Development Company Plc has revealed plans to acquire Eland Oil and Gas Plc for N174.2bn (£382m). Seplat said...
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‘AMCON debt may hit N6.6trn by 2024’
A legal consultant and Senior Partner, Olaniwun Ajayi LP, Mr Muyiwa Balogun has called on Asset Management Corporation of Nigeria...
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Listed firms raise N768.7bn capital in three years
Companies that are publicly listed in the capital market have raised a total of N768.7bn capital in the last three...
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Olam pays N120bn to acquire Dangote Flour Mills
Shareholders of Dangote Flour Mills Plc (DFM), on Monday, unanimously approved the acquisition of the company by Crown Flour Mills...
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‘Government records over $9.29 billion investment inflow in third quarter’
Over $9.29 billion worth investments came into the nation’s economy in quarter three (Q3) of 2019, according to the Nigerian...
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‘Why SEC, NSE should co-opt CBN in search for market liquidity’
As lack of positive stimulus in form of policy statements needed to drive demand for stocks remain a source of...
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Julius Berger diversifies into oil & gas industry
Julius Berger Nigeria Plc has announced its diversification into the oil and gas industry by acquiring a 20 per cent...
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Nigeria earns $338.17m from cocoa
NIGERIA earned $338.17 million from cocoa and cocoa products last year, the Nigerian Export Promotion Council (NEPC) has said. Also,...
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Airlines make gains as traffic surges by 3.8 per cent
Airlines have recorded a marginal rise in gains as passenger traffic surged by 3.8 per cent in August. The International...
Read moreNigerian Stock Exchange Lists FGN N15 Billion 7-Year Green Bond
The Nigerian Stock Exchange(NSE) has listed the Federal Government of Nigerian (FGN) N15 billion Green Bond. The bond has a...
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Market halts bearish run as index rises marginally by 0.09%
After many days of decline, renewed bargain-hunting on Dangote Cement, and 10 other stocks lifted transactions on the equities sector...
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Insurer warns Nigerians against fraudulent scheme
An expert in the nation’s insurance industry has warned Nigerians against the “Standard Payment Investment Scheme” currently circulating on social...
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LASACO to raise N10b capital
In line with the recapitalisation requirement of the National Insurance Commission, shareholders of LASACO Insurance Plc have approved a raise...
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ABCON wants review of cash-less fees, VAT
The nation’s foreign currency dealers have joined the argument against the processing fees for cash-less policy operations and the government’s...
Read moreAMCON enlists more agencies in hunt for N5 trillion debt
The recovery chase for the N5trillion debt in the portfolio of the Asset Management Corporation of Nigeria (AMCON) got new...
Read moreNSE Reviews Pricing Rules for Market Efficiency, Stability
The Nigerian Stock Exchange (NSE) has announced the amendment to its rules on price movements of equity securities traded on...
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Nigeria records 61.6% Internet penetration in 19 years as Africa’s growth slows
Although improving at 39.6 per cent, Africa’s Internet penetration is still low when compared to the rest of the world,...
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CBN: Why Credit Easing Will Not Increase Non-performing Loans
The Central Bank of Nigeria (CBN) has doused fears that its aggressive drive to increase banking sector’s lending to the...
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Border closure: Exporters decry rising unsold inventory
With the nation’s borders remaining shut indefinitely, the local manufacturers involved in export have expressed concerns over the huge losses...
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Dangote Cement Leads as Trading Value Soars 290% to N19bn
High trading in the shares of Dangote Cement Plc yesterday lifted the volume and value of transactions at the stock...
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Dangote’s N3b greenhouse takes off in Kano
A N3-billion high-tech greenhouse nursery that is capable of producing between 300 and 350 million tons of hybrid tomatoes seedlings...
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Sell-offs in bellwethers pull market indices, shed N103b
Following sell-offs in high cap stocks, transactions on the Nigerian Stock Exchange (NSE), continued southward yesterday, resulting to a further...
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NSE, Luxembourg Stock Sign MoU to Expand Green Bond Markets
The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) have signed a Memorandum of Understanding (MoU) to promote...
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Commission delists over 40,000 dormant registered companies for non-performance.
For non-performance, over 40,000 names of registered companies have been delisted from the nation’s registration records in the last two...
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