Markets
Leaked documents reveal money laundering scam worth $2tn
Several leaked documents have revealed how the world’s biggest banks enable criminals to launder money around the world. The...
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Prestige Assurance Extends N6.8bn Rights Issue
Prestige Assurance Plc has extended the offer period for the its rights issue of 13,635,796,006 ordinary shares of 50 kobo...
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Equities market sustains sliding profile amid unstable economic outlook
Negative macroeconomic indices and unstable economic outlook depressed transactions on the equities sector of the Nigerian Stock Exchange (NSE), as...
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Whither Nigeria’s Debt?
Nigeria seems to be headed for a debt trap as all key debt performance measuring indices have fallen below minimum...
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Deregulation: More investors eyeing modular refineries, says DPR
The Department of Petroleum Resources has said more investors are showing interest in establishing modular refineries in the country following...
Read moreStock market extends decline by N2bn
Equity trading on the floor of the Nigerian Stock Exchange on Wednesday witnessed another decline in share prices as bears...
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Stanbic IBTC’s shareholders get 601m scrip shares
Stanbic IBTC Holdings Plc on Wednesday listed 601.03 million new ordinary shares of 50 kobo each at the Nigerian Stock...
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Naira plunges further, exchanges for N460
The naira continued its downward trend, as it exchanged for the dollars at N460 in the parallel market on Tuesday,...
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FG Marks National Identity Day
The Federal Government is marking the National Identity Day on Wednesday, September 16 (16.9), a day set aside by countries...
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All-Share Index Rises as Equities Market Opens on Positive Note
The Nigerian stock market opened for the week on a positive note as the Nigerian Stock Exchange (NSE) All-Share Index...
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Agusto & Co. assigns a ‘Bbb’ rating to WAPIC Insurance Plc
Agusto & Co. assigns a ‘Bbb’ rating to WAPIC Insurance Plc, with a stable outlook. This rating expires 30 June...
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Naira exchanges N460 to dollar on parallel market
THE naira on Monday fell by 1.09 per cent to N460 on the parallel market. The naira decline followed President...
Read moreSustained bargain-hunting pushes index further by 0.05 per cent
Following sustained bargain hunting in most blue-chip stocks, trading on the Nigerian Stock Exchange (NSE), reopened upbeat, yesterday, causing the...
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Hyundai to unveil new Tucson on Monday
Due to debut today, Hyundai’s upcoming compact sport utility vehicle (SUV) prepares to take “sharply styled” to a whole new...
Read moreIndex plunges by 0.05% amid dividend declarations
Despite the dividend declarations expected to support market uptrend, equity transactions declined for three consecutive sessions last week, causing the...
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Delta Resumes Lagos to Atlanta Flight
Delta Airlines resumed operations from Lagos to Atlanta on Wednesday. A statement from the airline said it would fly four...
Read moreNaira plunges, exchanges for N440/$
The naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales...
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Stock market rebounds with N50bn gain
The Nigerian equity market closed in the green on Thursday as investors began to take position on the undervalued stocks....
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Three bank CEOs quit NESG Board over stance on CBN’s economic interventions
CHIEF Executive Officers (CEOs) of three prominent banks have resigned their membership of the Nigerian Economic Summit Group (NESG) board....
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Nigeria’s debt hits N31tr
Nigeria’s total debt stock has risen in the last three months to N31.009 trillion ($85.897 billion), from N28.628 trillion ($79.303billion),...
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Nigeria’s Forex Inflow Fell 43% in May
Foreign exchange (forex) inflows into the Nigerian economy fell by 43.2 per cent to $5.52 billion in May 2020, the...
Read moreProfit-taking drags stock indices further by N38 billion
Profit-taking continued to take a toll on the equities sector of the Nigerian Stock Exchange (NSE), extending negative sentiment to...
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Chams Launches Pensioner Identity Mobile Solution
As part of efforts to boost earnings and deliver value to all stakeholders, Chams Plc has launched a new innovative...
Read moreForeign exchange inflows fell to $5.52bn in May
Foreign exchange inflows into the country fell to $5.52bn in May, the latest figures from the Central Bank of Nigeria...
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‘Our refinery’ll meet demand for black oil’
The Edo Modular Refinery operated by Edo Refinery and Petrochemical Company Limited is expected to meet 100 per cent of...
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