Federation Account Allocation gross revenues rose to N676.41 billion in July from N653.35 billion in June due to higher crude oil sales…
Business News Report
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Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged as…
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FMDQ Securities Exchange has posted 13.66 per cent turnover growth in the Fixed Income and Currency (FIC) for the month of July.…
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OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, will on Wednesday meet to review compliance with oil cuts…
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Access Bank’s Group Managing Director, Herbert Wigwe, has said that the Bank is committed to helping Nigerian businesses weather COVID-19 pandemic and…
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The stock market sustained the bullish rhythm in today’s session on the back of buying interest in GUARANTY (+2.1%), ZENITH (+0.9%) and INTBREW (+7.1%).…
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The Federal Competition and Consumer Protection Commission (FCCPC) has received an award from the Federal Ministry of Industry, Trade and Investment (FMITI)…
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EconomyFinanceNews
Prudential Zenith life donates $100,000 to SLUMS2school to fight effects of COVID-19
Prudential Zenith Life Insurance has donated the sum of One Hundred Thousand United States Dollars (US$100,000) to Slum2School Africa to help combat…
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The Nigerian Maritime Administration and Safety Agency (NIMASA) has assured stakeholders of its commitment to the protection of the rights and welfare…
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Buying interest in UBA (+2.3%), DANGSUGAR (+2.4%) and ACCESS (+0.8%) drove the All-Share Index 2bps higher to settle at 25,136.49 points. Consequently, investors gained ₦2.0bn…
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Importers in the country are currently groaning under huge surcharge imposed on them by the international shipping firms on cargoes imported from…
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NewsOil and Gas
NNPC becomes EITI partner company, says new status to deepen commitment to accountability, transparency
The Nigerian National Petroleum Corporation (NNPC) has become an Extractive Industries Transparency Initiative (EITI) partner company, joining a group of over 65…
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Access Bank PLC, has said that it signed a Subordinated Syndicated Loan Agreement totalling $93.8 million with the Dutch development bank (FMO),…
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Dubai’s trade with Africa could see an annual increase of up to 10% over the next five years following the implementation of…
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In today’s session, the domestic market recorded a bearish opening due to sell-pressure in bellwethers such as MTNN (-1.0%), DANGCEM (-0.7%) and…