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CBN debits banks N122bn, moves to unify exchange rates
The Central Bank of Nigeria debited N122bn ($338m) from banks’ excess cash with the apex bank before weakening the currency...
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NSE Upgrades X-Issue to Enhance Market Integrity, Efficiency
The Nigerian Stock Exchange (NSE) has upgraded its Issuers’ Portal (X-Issuer) to enable investors, analysts and other stakeholders evaluate data...
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Beta Glass, Julius Berger, others lead market’s N162 billion losses
The Nigerian Stock Exchange (NSE) extended the bearish sentiments at the reopening of transactions yesterday, even as more blue-chip stocks...
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Madagascar reimposes lockdown as COVID-19 cases soar
Madagascar has placed its capital Antananarivo under a fresh lockdown following a new surge in coronavirus infections, two months after...
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$14million Debt: Sahara Group, Ecobank Opt for Settlement
The Federal High Court in Lagos has adjourned till July 10, for hearing or report of settlement in a $14million...
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Fidelity Bank appoints Chike-Obi as chair
Fidelity Bank Plc has appointed Mustafa Chike-Obi as its Chairman following the resignation of Ernest Ebi, who held the position....
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NIA generates N196 million from NIID data upload
The Nigerian Insurers Association (NIA), said it generated about N196 million from data upload on the Nigerian Insurance Industry Database...
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NNPC reshuffles senior managers
The Nigerian National Petroleum Corporation (NNPC) has redeployed some senior officials as part of an ongoing efforts to reposition the...
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CBN, GBfoods Complete N20bn Tomato Processing Factory
GBfoods, a culinary product manufacturing, in partnership with the Central Bank of Nigeria (CBN), Kebbi State Government and the Emirate...
Read moreRising COVID-19 cases, unfavourable policies drag NSE’s index by 1.99%
The Nigerian Stock Exchange (NSE) suffered another week of losses, amid rising COVID-19 cases, and the persisting foreign exchange (forex)...
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Physical distancing impossible on flights, says aviation minister
Minister of Aviation, Hadi Sirika said it is almost impossible to achieve physical distancing on flights without hurting the revenue...
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‘Don’t rejoice yet over $2.8b AKK Gas pipeline project’
• Socio-political Challenges, Climate Change May Undermine Project – Olawuyi • Projects That Promote Utilisation Of Gas Must Be Supported –...
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Drug/Money laundering: US, India, Ghana write FG, demand extradition of 11 Nigerians
Three countries, the United States of America, India and Ghana, have written respectively to the Federal Government requesting the extradition...
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Indisputable Place of Metering in Nigeria’s Power Stability
One of the most fundamental challenges to effective access to electricity in Nigeria is the absence of an overarching metering...
Read moreBank credits vulnerable to falling oil prices — MPC member
Falling prices in the oil and gas sector which gulp 26 per cent of the credit in the banking sector...
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Poor electricity costs Nigeria N10tn yearly, says World Bank
The unreliable power supply in Nigeria is causing huge economic losses, estimated at N10.1tn, yearly, the World Bank has said....
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Maintaining Downward Streak, FMDQ Turnover Dropped by N5tn in May
Turnover in the FMDQ market platform witnessed a drop of about N5.0trillion in May with turnover declined by 29.34 per...
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Sanwo-Olu: Churches, Mosques to Remain Shut in Lagos
•Cases hit 27,564, with 11,069 discharged and 628 deaths •FAAN rolls out guidelines for air travellers Governor Babajide Sanwo-Olu...
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Three million candidates apply for 400,000 N-Power jobs
Over three million applicants have enrolled for about 400,000 job spaces in the third batch of the Federal Government’s N-Power...
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Lagos schools to reopen on Aug 3 for ‘revision, exams’
Boarding activities excluded; only SSS 3, TEC 3 to resume Face mask defaulters to be arrested, prosecuted Places of worship, events...
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Passengers to pay double for domestic flights
• NCAA Grounds 18 Aircraft, Bar Non-Compliant Operators • FAAN Issues Travellers’ Mandatory Safety Protocols • Palliative For Airlines Underway,...
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NSIA grows assets to N649.84bn, records N36.15bn profit
The Nigeria Sovereign Investment Authority on Friday disclosed that it grew its total assets from N617.7bn in 2018 to N649.84bn...
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Nova Merchant Bank Raises N10bn Bond to Boost Growth
Nova Merchant Bank Limited is seeking to raise up to N10 billion 7-year Fixed Rate Subordinated Unsecured Bonds under its...
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GTI Asset Management Limited gets a “BBB-(IM)”
Rating expires 1 June 2021 Agusto & Co assigns a BBB-(IM) to GTI Asset Management & Trust Limited ('GTI-AML' or 'the Manager')....
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Agusto & Co. assigns an “A-(f)” rating to Zenith Money Market Fund
The rating expires on 31 March 2021. Agusto & Co affirms the A-(f) rating assigned to Zenith Money Market Fund (“Zenith...
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