Business
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Banker’s Award: Zenith Bank Emerges Bank of the Year 2020
Zenith Bank Plc said it has emerged ‘Bank of the Year in Nigeria’ in The Banker’s Bank of the Year...
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Dollar savers offload deposits as naira exchanges for N490/$
The naira on Tuesday recorded significant gains against the dollar. The local currency’s appreciation against the greenback came a day...
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World airlines rally governments to financial, regulatory support
World airlines have again hinged the industry’s rebound from the effects of the COVID-19 pandemic on governments’ financial and regulatory...
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AfDB Invests $5m in Clean Cooking Solution
The African Development Bank’s Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver...
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May & Baker Nigeria grows Q3 profit by 44% to N1b
May & Baker Nigeria Plc crossed a landmark to a pre-tax profit of N1 billion in the third quarter as...
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FG, Egyptian firm sign pact to invest in gold mining
The Federal Government and Messrs La Mancha Incorporated, a leading Luxembourg Incorporated Private Gold Development and Mining Company in Cairo,...
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N69.4b debt: Jimoh Ibrahim asks court to reverse assets seizure
A Federal High Court in Lagos will on Tuesday resume hearing on an application filed by businessman Jimoh Ibrahim for...
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EKEDC Launches SCADA to Enhance Service Delivery
The Eko Electricity Distribution Company (EKEDC) has formally launched its innovative network solution –Supervisory Control and Data Acquisition – Distribution...
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Forex scarcity bites harder, CBN amends diasporan remittance law
The Central Bank of Nigeria said on Monday that it had amended the procedures for receipt of diaspora remittances as...
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Crash in money market instruments triggers N2.3tr gain
Investors on the Nigerian Stock Exchange (NSE) gained N2.3 trillion in November, as the market recorded its best monthly appreciation...
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OPEC ministers meet on oil cuts
Top energy decision makers from across the Organisation of Petroleum Exporting Country (OPEC) are scheduled to meet today in furtherance...
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Airlines hike airfares by 100% as operating costs rise
The cost of air tickets along several routes have doubled due to the high demand for air travel in light...
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Nigerian equities recover with N390 billion gain
Nigerian equities rode on the back of global optimism and domestic bargain-hunting to close weekend with net capital gain of...
Read moreBDCs Now to Sell Dollars at N392$1
The Central Bank of Nigeria (CBN) has adjusted the exchange rate Bureau De Change (BDC) operators are to sell the...
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TCN admits national grid’s collapse, plans probe
The Transmission Company of Nigeria has said it will conduct investigations to establish the cause(s) of the multiple tripping that...
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NAICOM to sanction firms over unsettled claims
The National Insurance Commission (NAICOM) said it is profiling insurance companies with huge unsettled claims for necessary regulatory actions. The...
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Banks’ Profits Rise to N677bn Despite COVID-19 Harsh Conditions
Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have...
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Nestlé mops up more Nigerian shares
World’s largest food company, Nestlé S.A at the weekend continued its direct secondary market purchase of shares of its Nigerian...
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Border closure: Manufacturers losing market share daily
Manufacturers Association of Nigeria says its members are losing market share daily to other African countries due to the closure...
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Naira Weakens to Lowest in Three Years
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for...
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NAICOM issues seven insurance firms new operational licences
The National Insurance Commission on Friday disclosed that it had issued operational licences to seven new insurance companies. The commission...
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FG Seeks New Eurobond, Emefiele Foresees 2% GDP Growth in 2021
The federal government yesterday disclosed that it would approach the Eurobond market next year in its effort to shore up...
Read moreNigeria seeks better deal on OPEC quota
THE Federal Government is seeking more crude oil production quota from the Organisation of Petroleum Exporting Countries (OPEC). Nigeria’s huge...
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Is eSIM new telecoms revolution?
Removable subscriber identification module (SIM) cards are an integral part of modern mobile communications. Due to technological advancements, these small...
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Oil falls to $47 as fate of OPEC+ deal uncertain
The international oil benchmark, Brent crude, pared some of its recent gains on Thursday as what seemed to be shaping...
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