Business
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‘Vehicle prices to increase next year’
The prices of vehicles imported into Nigeria will increase significantly from next year once the Fuel Grade and Vehicle Emission...
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Exports suffer setback as new CBN policy bites hard
The new policy by the Central Bank of Nigeria (CBN) directing all exporters to present the Nigeria Export Proceed (NXP)...
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OPEC, IEA lower oil demand forecast for 2021
The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its oil demand forecast for 2021 again, according to the...
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FG orders telcos to block SIMs without NINs December 30
After December 30, all Subscriber Identification Modules that are not registered with valid National Identification Numbers on the network of...
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FCMB suspends N30b capital raiser over price distortion
First City Monument Bank Limited, the flagship company in the FCMB Group Plc, has suspended its planned capital raiser of...
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Marketers refuse to obey N5 reduction in petrol price
Oil marketers, on Monday, failed to adjust the pump prices of Premium Motor Spirit (petrol) at their filling stations to...
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All-Share Index Rises 1.7% as Market Rebounds
The bulls came back strong yesterday to open the stock market on a positive note after depreciating last week. Last...
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BREAKING: Google, YouTube, Gmail crash
The Google-owned family of apps have crashed for thousands of users worldwide. This includes Gmail, Google Drive, Google Sheets and...
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Airlines face new threat as COVID-19 second wave spreads
Aviation experts have expressed worry that Nigeria could soon be hit by the second wave of the COVID-19 pandemic following...
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NOVA recognised for N10b bond issuance
NOVA Merchant Bank has been recognised for its successful N10 billion seven- year subordinated unsecured bond, which was oversubscribed by...
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Insurers pooled N938 billion investment revenue
Despite the challenging operating environment in the country, insurance companies have recorded growth in investment income which has hit N938...
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InfraCo Africa Invests $27m in InfraCredit to Finance Infrastructure
InfraCredit, a specialised local currency infrastructure credit guarantee institution, has announced the completion of a $27 million equity investment by...
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Forex interventions give false hope on naira, says IMF
REGULAR foreign exchange (forex) interventions in Nigeria and other emerging economies create false sense of security and hope on the...
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Banks’ non-performing loans now N1.17tn – NBS
Non-performing loans in the Nigerian banking sector fell by N42.4bn in three months, latest figures from the National Bureau of...
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Underwriter gets shareholders’ approval to raise authorised share capital to N20bn
AIICO Insurance Plc has gotten the approval of its shareholders to increase its authorised share capital from N18 billion to...
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Equities Shed N464bn as Profit Taking Halts Bull Run
The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the...
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How Soon Will FG Open Borders?
More than a year after the Nigerian government closed its land borders to trade, there is very little evidence to...
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Buhari sacks Pondei, appoints Akwa interim administrator
President Muhammadu Buhari has approved the appointment of an interim administrator to oversee the affairs of the Niger Delta Development...
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Nigeria’s Q3 oil exports rise by 56% to N2.42tn
Nigeria more than doubled its crude oil exports in the third quarter of this year to N2.42tn after months of...
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Sterling deepens losses to drop by 1% on Brexit remarks
The British pound extended losses Friday to drop more than one percent against the dollar after Prime Minister Boris Johnson...
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Naira exchanges for N474/$
The naira exchanged to the dollar in the parallel market at N474/$ on Thursday. The naira which recorded slight improvement...
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Minister, shareholders disagree over N150b unclaimed dividends
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent Shareholders Association of Nigeria...
Read moreCBN Boosts Market Liquidity with N4.1trn Special Bills
•Unveils new capital requirement for payment service providers •Emefiele lists ABP achievements Following last week’s introduction of 90-day special...
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Sustained sell pressure drags capitalisation further by N232b
Following sustained sell pressure in most bluechip stocks, trading on the equity sector of the Nigerian Stock Exchange (NSE) continued...
Read moreMarket Extends Losses, NSE Gets Lawmakers’ Support
The Nigerian Stock Exchange (NSE) All-Share Index ( ASI) fell by 0.04 per cent to close lower at 35,021.26 as...
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