Nigeria
Oil firms’ N4.58tn loan repayment under threat – Investigation
The coronavirus-induced sharp fall in global oil prices poses a threat to the ability of oil and gas companies in...
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FIC records N25.66 trillion turnover as indices soar by N344 billion
Turnover in the Fixed Income and Currency (FIC) markets stood at ₦25.66 trillion at the end of transactions last month,...
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Stock market index rises further by 2.32% despite lockdown extension
Despite government’s decision to extend the lockdown in Lagos, Abuja and Ogun states by additional 14 days, the Nigerian equities...
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‘Gold may be safe haven for investors’
Investing in gold-based Exchange Traded Fund (ETF) will provide investors with much-needed hedge and safety in this uncertain period of Covid-19...
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WTO Predicts 32% Plunge in Global Trade in 2020
World trade is expected to fall by between 13 per cent and 32 per cent in 2020 as the COVID-...
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Mixed reactions trail Buhari’s economic policy directive to ministers
President Muhammadu Buhari yesterday directed key ministers in the nation’s economic space to collaborate and come up with a comprehensive...
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Stock market index rises further by 2.32% despite lockdown extension
Despite government’s decision to extend the lockdown in Lagos, Abuja and Ogun states by additional 14 days, the Nigerian equities...
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Lagos communities resort to self-help, keep vigil to check rising invasion by robbers
• Supports the formation of vigilante groups to thwart looting • Group condemns calls to relax stay-at-home directive After...
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Buhari Excited as EU Donates N21bn to Nigeria
The European Union (EU) yesterday donated €50 million, an equivalent of N21 billion, to support Nigeria’s fight against COVID-19 to...
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80,000 apply for CBN’s N50bn COVID-19 intervention fund
Three weeks after the Central Bank of Nigeria released the guidelines for the N50bn targeted credit facility, over 80,000 applications...
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Dangote Cement’s N100b debut bond closes amid high expectations
Nigeria’s largest quoted company and Sub-Saharan Africa’s largest cement company, Dangote Cement Plc, on Tuesday completed the book building and...
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Buhari extends lockdown as cases rise to 343
The President, Major General Muhammadu Buhari (retd.), has extended the lockdown in the Federal Capital Territory, Lagos and Ogun states...
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Agusto Anticipates Drop in Banks’ Profitability
The Founder, Agusto & Co, Mr. Bode Agusto, has predicted that Nigerian banking industry profitability will drop in 2020, following...
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World Bank predicts sharp fall in Nigeria’s GDP
The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in sub-Saharan Africa...
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Flour Mills, Primero list N36.5b bonds on NSE
Flour Mills of Nigeria (FMN) Plc and Primero BRT Securitization SPV Plc yesterday listed three bonds valued at N36.5 billion...
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FG to maintain narrow fuel price band as OPEC+ deepens cuts
With concerns raised about the ability of petroleum marketers to adjust their pump price under the month pricing template, the...
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Nigeria, 89 other countries eye $100b IMF loans
Nigeria and 89 other global economies have indicated interest to borrow at least $100 billion emergency fund from International Monetary...
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Unilever Nigeria’s Revenue Dips to N60.5bn
Unilever Nigeria has released its audited financial statements for the year ended December 31, 2019. The company recorded turnover of...
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Fix refineries before petrol subsidy removal – PENGASSAN, NUPENG
The National Union of Petroleum and Natural Gas Workers has said any deregulation in the petroleum sector that is still...
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Allaying Fears of Purported 5G Link with COVID-19
Palpable fear gripped Nigerians last week, when unverified news on the purported 5G link with Coronavirus also known as COVID-19,...
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NNPC in compliance with pump price template
The NNPC Retail Ltd., one of the downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), has clarified that all...
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Experts worried about banks’ growth amid pandemic, falling oil price
Experts have expressed fears about the bubble that may arise in the banking sector, should government fail to provide a...
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SEC Moves against Flow of Illicit Funds into Capital Market
As part of efforts to identify investors properly, guard against flow of illicit funds into the capital market and address...
Read moreStock market extends gain by N77bn
Nigerian stocks on Wednesday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further...
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Lafarge Africa Shareholders to Receive 100k Dividend as Firm Returns to Profitability
Shareholders of Lafarge Africa Plc are to receive a dividend of 100 kobo per share for the 2019 financial year,...
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