Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Naira weakens further as dollar sells for 478
The naira extended its decline on Wednesday at the parallel market as the United States dollar was sold for N478....
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Money market crash triggers largest daily gain in five years
Declining interest rates in the fixed income market triggered massive rally on the equities sector of the Nigerian Stock Exchange...
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NEITI: FAAC Disbursed N2.054tn in Q3, 2020
Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday put the total disbursement by the Federation Account Allocation Committee (FAAC) to the...
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Afreximbank, others unveil $1.5b facility to support food production
The African Export-Import Bank (Afreximbank) has partnered with the International Islamic Trade Finance Corporation (ITFC), the Trade Finance Arm of...
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Banks offer youths N2b agric loan at 5% interest
THE Central Bank of Nigeria (CBN) has authorised commercial banks to give up to N2 billion maximum loan to youths...
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N785bn yearly overhead, others spike Nigeria’s oil production costs
With Nigeria’s oil industry incurring about 7.4 per cent of the national budget in personnel and overhead costs, alongside others...
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Stock market extends downturn by N278bn
Transactions in the Nigerian equity market on Tuesday closed on a negative note as losing streak extended to the third...
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OPEC Projects 11m bpd Oil Demand Shortfall by December
•Banks on COVID-19 vaccines for market recovery •US company, Moderna, announces 95% efficient vaccine The Organisation of Petroleum Exporting...
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Govt to implement transit insurance scheme
As part of efforts to insure transportation of agricultural products across the country, the Federal Government has inaugurated five committees...
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Financial regulators evolve strategies for risk management under COVID-19
Financial services regulators have their work cut out, amid heightened cybercrimes and credit risks reinforced by the Coronavirus (COVID-19) pandemic,...
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Freight forwarders seek reopening of borders
Freight forwarders under the aegis of the Association of Nigerian Licensed Customs Agents have tasked the Federal Government to re-open...
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Renewed profit-taking drags index by 0.75 per cent
Following renewed profit-taking, the Nigerian equity market reopened on a downturn yesterday, as the All-Share Index (ASI) fell by 0.75...
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Analysts Allay Fears of Nigeria’s Default as Eurobond Investors Fret
Analysts have allayed concerns about the likelihood of Nigeria defaulting on its Eurobond payments to investors even as investors in...
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Investors Stake N59bn on Shares as Market Extends Rally
Equities investors will for a long time remember the performance of the market last week as it gained N2.1 trillion...
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$500m Chinese debt sparks confusion in airport concession
• FAAN former MDs, directors warn of hidden takeover • Reps set up sub-committee Federal Government’s plan to concession...
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Access Bank Appoints Kumapayi as Executive Director
Access Bank Plc has appointed Mr. Seyi Kumapayi and Mrs. Omosalewa Fajobi as executive director (ED) and non-executive director (NED)...
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Forex scarcity bars marketers from petrol imports
Despite the deregulation of the downstream oil sector by the Federal Government, private marketers are still tied to the Nigerian...
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Why equities are rising, by NSE
The Nigerian Stock Exchange (NSE) has attributed the sustained jumpy appreciation in prices of Nigerian equities to smart thinking by...
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NNPC raises petrol depot price, marketers to sell at N168-N170/litre
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium...
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Mobile Banking applications remain the most popular platform for digital banking
Agusto & Co Digital Banking Index 2020 Agusto & Co in its third edition of the consumer banking satisfaction index...
Read moreNDIC to insure non-bank deposits taking institutions
The Nigeria Deposit Insurance Corporation has said that it is trying to identify and provide insurance cover for non-bank deposit...
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Stanbic IBTC wins Holding Group Category award
Stanbic IBTC Holdings PLC has been declared winner of the ‘Holding Group Category’ of the Next 100 Global Awards 2020. ...
Read moreForex reserves decline to $35.63bn, lowest in two months
The nation’s foreign exchange reserves have fallen to the lowest level in more than two months, the latest data from...
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Transcorp Hotels’ N10b rights issue closes
Transcorp Hotels Plc has closed acceptance list for its N10 billion new capital raising, with investors and their stockbrokers having...
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Massive buying triggers circuit breaker on stock exchange
• Investors gain N1 trillion • Operators explain cause of rally For the first time since its introduction in 2016, circuit...
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