Nigeria
Equities record largest fall in three weeks, as investors lose N70b
Weak sentiments and selloffs across bellwether stocks, especially MTN Nigeria, Guaranty Trust Bank, and Seplat led to the market’s largest...
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Many feared dead as explosion wreaks havoc in Lagos
An explosion occurred last night at a gas shop on Inua Mohammed Street, off Asa Afariogun street, adjacent Faith City...
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Lawmakers raise the alarm over Chinese loans
The House of Representatives has raised the alarm over loan agreements being entered into by the Federal Government with China....
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Lafarge Africa Grows Profit by 89% to N23 Billion
A cost efficient strategy boosted the profitability of Lafarge Africa Plc despite the margin rise in revenue for the half...
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World Bank, Discos Meet Today over Forensic Audit
Investors in the power distribution companies will today make a presentation in a meeting with the World Bank over the...
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FG Bows to Pressure, Reopens Schools for Graduating Students
Atiku, NUT, private school owners hail decision PSN lists eight conditions for safe re-opening of schools WAEC commences August 17...
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Commercial banks write-off N1.9trn bad debts in 4yrs
A minimum of N1.9 trillion impaired loans has been written off by commercial and merchant banks operating in Nigeria from...
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E-bills payment rises by 86%, reaches N444.16bn
The payment of bills electronically almost doubled from January to May this year, compared with the same period in 2019....
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Buhari Appoints Two Deputy Commissioners for NAICOM
President Muhammadu Buhari, has approved the appointment of Alhaji Sabiu Abubakar and Mr Oba Oluniyi as Deputy Commissioners for Insurance,...
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PTF: why we can’t lock down high-risk Lagos councils
There will be no precision lockdown in 11 “high-burden” local government areas, where Coronavirus is prevalent, the government said on...
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Banks’ non-performing loans now N1.2tn – CBN
Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank...
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FSDH Group Posts N5.8bn Profit
The FSDH Group recently held its first Annual General Meeting under its new financial holding structure. For the year ended...
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Unity Bank, GTB, others lift NSE’s index by N186b
Following price gains by most blue-chip stocks, especially Unity Bank, and Guaranty Trust Bank (GTB), transactions on the equities sector...
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The 2020 Banking Industry Report – Agusto & Co.
Stage two loans at 23% of Gross Loans- A threat to the Banking Industry’s Financial Condition Agusto & Co....
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Nigerians pay N47.6b in four months for petrol ‘subsidy’
• Govt fails to keep uniform pricing despite fund • Pressure on govt to scrap equalisation fund • Marketers kick...
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Life underwriters deepen industry’s penetration with 2019 financial results
… Optimistic to scale through 2021 recapitalisation exercise The ongoing recapitalisation exercise in the insurance industry may be getting...
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Federal, states, others review terms for schools reopening
ANOTHER step towards the reopening of schools will be taken today as Federal and state governments meet to review the...
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C& I Leasing Raises N2.3bn Fresh Capital to Boost Operations
C & I Leasing Plc has raised about N2.26 billion through a rights issue to boost its operation. The company...
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14 airports now open to domestic flights – FG
The Federal Government on Sunday announced that14 airports were now opened for domestic commercial flight operations. Minister of Aviation, Hadi...
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NSE All-Share Index Rises 0.6% on Gain by Dangote Cement
The stock market recorded a positive performance last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated 0.58...
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CAC adopts electronic distribution of company certificates
As from August 10, 2020, the Corporate Affairs Commission will commence full implementation of an electronic system for company...
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Buhari: $25bn Annual Diaspora Remittance Exceeds 80% of Yearly Budget
President Muhammadu Buhari saturday declared that the $25 billion annual remittance by Nigerians in the diaspora was more than 80...
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Magu Faces Questions over Assets Declaration
Panel investigates alleged failure to account for recovered NNPC billions Allegedly excluded names of approving authorities in the misapplication of...
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Resident doctors threaten fresh strike August 17
The National Association of Resident Doctors (NARD) on Saturday extended the ultimatum given to the Federal Government to meet its...
Read moreNon-oil export earnings rise to $1.21bn
Non-oil export earnings through banks rose to $1.21bn in the first quarter of 2020. The Central Bank of Nigeria disclosed...
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