Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Operators give investment conditions as pension funds hit N11.57tn
The Pension Funds Operators Association of Nigeria has said Pension Fund Custodians and Pension Fund Administrators will obey the guidelines...
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Nigeria’s crude oil earnings rebound by 116%–OPEC
The Federal Government’s earnings from the export of crude oil has recorded a rebound of 116 per cent, the Organisation...
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Stock market extends downturn by N16bn
Transactions in the Nigerian equity market, on Tuesday, closed on a negative note following sustained profit-taking. The market breadth also...
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Marketers kick against N5 reduction in petrol pump price
Against the backdrop of the N5 reduction in the price of Premium Motor Spirit (petrol) announced by the Federal Government,...
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N868b export-bound goods stuck in seaports
• Maritime workers threaten strike • Shippers appeal to Labour Export-Bound goods worth about N868 billion might be wasted...
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Fidelity Bank to Raise N75bn through Bond Sale
Fidelity Bank Plc has started to raise N75 billion to support small and medium enterprises (SMEs), retail business as well...
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Stock market down by N39bn on profit-taking
The Nigerian equity market on Monday began the week on a negative note as investors continued to take profits to...
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Banking agents increased by 517% last year – CBN
The number of banking agents (third party retail outlets contracted by financial institutions to process clients’ transactions) rose from 38,...
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Nigeria’s Q3 trade deficit hits N2.38tn, highest since 2017 –NBS
Nigeria’s trade deficit rose by 32.45 per cent from N1.8tn as of the end of second quarter to N2.38tn in...
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United Capital raises N15b short-term capital
United Capital Plc has raised N15 billion under the second tranche of its N20 billion commercial paper (CP) issuance programme....
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Six Banks Boost Economy with N1.3tn Credits in 2020
Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional...
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Airlines raise fares 100%
• Economy ticket hits N75, 000; N121, 000 • $200m fund stuck • ‘Blame govt, not airlines’ One of the...
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Experts proffer solutions to Nigeria’s economic crisis
Some financial experts have offered some solutions to the economic crisis facing Nigeria as a result of the impact of...
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Shareholders approve GTB’s holding company
Shareholders of Guaranty Trust Bank (GTB) Plc at the weekend approved the restructuring of the bank to a holding company...
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Pension contributors withdraw N14.79bn as job losses rise
About 26,458 workers who lost their jobs since the COVID-19 pandemic started taking its toll on the economy withdrew N14.79bn...
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Tumbling Naira: Resolving Nigeria’s balance of payment deficit
Domiciliary accounts and remittances have emerged as twin touchy issues in the management of Nigeria’s foreign exchange market (forex). And...
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Stock Market Gains N138bn Despite Profit Taking
The stock market posted positive performance last week despite profit taking by some investors, as it sustained the growth recorded...
Read morePenCom recovers N213.07m from defaulting employers in Q3
The National Pension Commission has said it recovered N213.07m from employers who deducted pension savings from their workers’ monthly emoluments...
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Agusto & Co. assigns a ‘Bbb-’ rating to Jaiz Bank Plc, with a stable outlook
Agusto & Co. hereby assigns a ‘Bbb-’ rating to Jaiz Bank Plc (‘Jaiz Bank’ or ‘the Bank’), reflecting the Bank’s...
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NSE: Application of 0.08% Stamp Duty Begins December 7
The Nigerian Stock Exchange (NSE) yesterday said from Monday, December 7, the Stamp Duty rate of 0.08 per cent on...
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Arik, Aero May Merge for Business Survival
There are strong indications that stakeholders are considering a merger between Arik Air and Aero Contractors, two airlines under the...
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Dangote Refinery among 20 world’s most influential projects
Dangote Oil Refinery has been listed among the world’s top 20 influential projects surveyed in the last 18 months by...
Read moreStock market down by N42bn on profit-taking
The Nigerian equity market returned to negative territory on Wednesday as investors began to take profits to increase capital gains....
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CBN introduces new bills to control liquidity
The Central Bank of Nigeria has said it has introduced special bills as part of efforts to deepen the financial...
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US Soybean Export Council to Establish Excellence Centres in Nigeria
The United States Soybean Export Council (USSEC), the American Soybean Association’s World Initiative for Soy in Human Health (ASA/WISHH) and...
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