Nigeria
Equities Market Rises Further by 2.1% as Bulls Consolidate Hold
The equities market witnessed further growth yesterday as buying interest in bellwether stocks continued. Gains by Airtel Africa Plc, Dangote...
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Agusto & Co. affirms the “Bbb” rating assigned to C & I Leasing Plc Group, with a stable outlook
The rating expires on 30 June 2021. Agusto & Co. affirms the “Bbb” rating assigned to C & I Leasing...
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Senate sustains 2020 budget till March, passes 2021’s Monday
The Senate, yesterday, passed a bill extending the implementation of the capital component of the 2020 Appropriation Act to March...
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Nigeria’s daily oil production falls to 1.32 million barrels
Crude oil production in Nigeria extended its decline to 1.32 million barrels per day in November on the back of...
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House Urges Extension of SIM Card Registration, NIN Linkage Deadline
•FG licenses over 200 agents, institutions to support NIN registration •Subscribers kick against two-week ultimatum for Synchronisation The House...
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Money agents flout CBN’s dollar payment directive
The Central Bank of Nigeria (CBN) has frowned at the flouting of its policy mandating International Money Transfer Operators (IMTOs)...
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Reopening of four borders: LCCI, experts raise smuggling alert as FG retains rice ban
• Other land borders to be reopened on or before December 31, says minister • Government failed, closure didn’t stop...
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Investors wealth appreciates further by N140b
Transactions on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday, as more blue-chip stocks joined the league of...
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Investors Gain N199bn as Market Sustains Positive Momentum
The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose further by 1.10 per cent to close at 34,225.22 as the...
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The Review of the BOFIA 2020 by Agusto & Co.
The “Banks and Other Financial Institutions Act” 2020 (“BOFIA 2020” or “ the New Act”) was signed into law by...
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Headline inflation hits 14.89 per cent
Nigeria’s headline inflation has risen for the 15th month to hit14.89 in November, the Consumers Price Index (CPI) released by...
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‘Vehicle prices to increase next year’
The prices of vehicles imported into Nigeria will increase significantly from next year once the Fuel Grade and Vehicle Emission...
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China approves loan for $2.6bn AKK gas pipeline
China has approved and will disburse its 85 per cent loan required to fund the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project,...
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Exports suffer setback as new CBN policy bites hard
The new policy by the Central Bank of Nigeria (CBN) directing all exporters to present the Nigeria Export Proceed (NXP)...
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World Bank approves $1.5b loan to aid Nigeria’s forex liquidity position
The World Bank, yesterday, enhanced Nigeria’s foreign exchange liquidity position with the approval of the Covid-19 Budget Support credit promised...
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OPEC, IEA lower oil demand forecast for 2021
The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its oil demand forecast for 2021 again, according to the...
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FG orders telcos to block SIMs without NINs December 30
After December 30, all Subscriber Identification Modules that are not registered with valid National Identification Numbers on the network of...
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FCMB suspends N30b capital raiser over price distortion
First City Monument Bank Limited, the flagship company in the FCMB Group Plc, has suspended its planned capital raiser of...
Read moreNo break until we pass 2021 budget, say Reps
The House of Representatives has said the National Assembly will have to wait to pass the 2021 Appropriation Bill before...
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FG: Consumers’ Protection, Market Factors Will Decide Petrol Price
The federal government has said that the policy choice it adopted in the deregulation of Nigeria’s downstream petroleum sector was...
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Marketers refuse to obey N5 reduction in petrol price
Oil marketers, on Monday, failed to adjust the pump prices of Premium Motor Spirit (petrol) at their filling stations to...
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External reserves dip by $269.47m in five weeks
The country’s foreign reserves fell by $269.47m in five weeks, the latest figures obtained from the Central Bank of Nigeria...
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Fed Govt, ASUU cancel meeting on strike
A truce meeting between the Federal Government and the leadership of the Academic Staff Union of Universities (ASUU) was cancelled...
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All-Share Index Rises 1.7% as Market Rebounds
The bulls came back strong yesterday to open the stock market on a positive note after depreciating last week. Last...
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BREAKING: Google, YouTube, Gmail crash
The Google-owned family of apps have crashed for thousands of users worldwide. This includes Gmail, Google Drive, Google Sheets and...
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