Markets
FMDQ approves Valency Agro’s N5.12bn commercial paper
FMDQ Securities Exchange Limited has announced the approval of the quotation of the Valency Agro Nigeria Limited N5.12bn Series 1...
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Glo claims biggest Internet subscriber growth in 2020
Telecommunications Company, Globacom, has recorded a major leap in its Internet subscriber base with a 39 per cent growth in...
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Nigeria will benefit less from African trade deal – NESG
Nigeria and other resource-based countries will benefit less from the African Continental Free Trade Area than economies that are more...
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Nigeria’s revenue prospects brighten as oil hits $67
The international oil benchmark, Brent crude, rose further on Wednesday to $67 per barrel, compared to Nigeria’s budget benchmark of...
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Diesel price soars to N250/litre, businesses groan
The price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with...
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NSE market capitalization appreciates by N27bn
The market capitalisation of the Nigerian Stock Exchange for the third consecutive day on Wednesday posted further growth increasing by...
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Infrastructure, forex undermining real sector interventions
Improvement in local manufacturers’ confidence in the economy as well as sectoral recovery, remains challenged by parlous state of infrastructure...
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The insurance sector’s assets hit N1.82tn on the recapitalization deadline
The insurance sector’s assets rose by N410bn in one year as the industry attracted new investors; NIKE POPOOLA reports Despite the impact...
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Interswitch Introduces Quickteller Business for SMEs
The Interswitch Group has announced the launch of Quickteller Business, a new comprehensive corporate solution focused on empowering businesses of...
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External reserves down by $565m in two weeks
The country’s external reserves dipped by $565m from $36.198bn as of February 1, to $35.633bn as of February 15, latest...
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Fuel price hike looms nationwide as marketers meet
Marketers of Premium Motor Spirit, popularly called petrol, on Wednesday met in Abuja on matters regarding the price of the...
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Agusto & Co. has Released the 2021 Insurance Industry Report.
According to Agusto & Co’s newly released 2021 Insurance Industry report, the Nigerian insurance industry generated premiums of over ₦592...
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Petrol Retailers Seek Collaboration with FG on Refineries’ Repair
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed its readiness to collaborate with the federal government...
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Reps condemn $750m annual loss to gas flaring
The House of Representatives says Nigeria is losing about $750m to gas flaring annually. It added that the flared gas...
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Access Bank Incentivises Customers
Access Bank Plc has unveiled series of offers for its customers. The campaign which is tagged “It’s a Love Thing,”...
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Foreign stock investors withdraw N1.01tn in two years
Foreign investors pulled out a total of N1.01tn from the nation’s stock market in the past two years, according to...
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Shareholders Sue FG over Plans to Borrow Unclaimed Dividends
Determined to stop the federal government from taking over their unclaimed dividends, some shareholders of companies listed on the Nigerian...
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Fidelity Bank records success in N41.21bn bond issuance
Fidelity Bank Plc says it has successfully issued 10-year N41.21bn in fixed rate unsecured subordinated bond at a 8.5 per...
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Rice, flour, sugar, cement top free trade exemption list
Despite Nigeria’s comparative advantage and self-sufficiency status in the production of certain products, cement, flour, rice, sugar and 180 other...
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Oil rally may brighten Nigeria’s outlook, says OPEC
The rise in global oil prices could brighten Nigeria’s outlook this year, the Organisation of the Petroleum Exporting Countries said...
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Regulate cryptocurrency transactions, CBN urged
Experts have urged the Central Bank of Nigeria (CBN) to put measures in place to regulate the transaction of cryptocurrency...
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Fuel scarcity looms as marketers disrupt fuel loading
Members of the Independent Petroleum Marketers Association of Nigeria on Wednesday disrupted loading of petroleum products at private depots in...
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SEC unveils new guidelines for a collective investment scheme
The Securities and Exchange Commission (SEC), has released general rules for Collective Investment Schemes, prescribing that all units/securities of a...
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Analysts Forecast Higher Bond Yields in Second Half of 2021
The Chief Investment Officer, Afrinvest Asset Management, Mr. Robert Omotunde has predicted that the second half of 2021 will see...
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NSE’s Demutualisation Excites Corporate Affairs Commission DG
The Registrar-General/Chief Executive Officer (CEO) of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has expressed excitement at the demutualisation...
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