The domestic equities market closed positive for the first time this week as the All-Share Index rose 6bps to settle at 24,130.26 points following bargain hunting in AIRTELAF (+3.4%),…
Business News Report
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The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has directed all duly registered stevedoring companies with operational areas allotted…
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BusinessEconomyNews
73% of Nigerian SMBs on Facebook remain optimistic, despite the COVID-19 pandemic – Report
Facebook has published the Global State of Small Business Report. Compiled in partnership with the World Bank and the OECD, it surveyed…
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FinanceBusinessEconomyNews
Afreximbank disburses $3.55bn to cushion impact of COVID-19, $300m to stimulate intra-African Trade
The African Export-Import Bank (Afreximbank), has disbursed a total of $3.55 billion to the Egyptian Banking sector under its Pandemic Trade Impact…
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BusinessEconomyNews
Okonjo-Iweala urges US not to leave WTO as APC Govs Forum Chairman canvasses support for her
Okonjo-Iweala has urged U.S. President Donald Trump, or his successor, not to leave the Geneva-based body in a press briefing saying that…
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SAP has appointed Claudio Muruzabal as the new President for SAP’s EMEA south region that comprises Southern Europe, the Middle East and…
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The Central Bank of Nigeria (CBN) has unveiled series of guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise…
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The local bourse sustained previous day’s loss as the benchmark index declined 34bps to close at 24,117.40 points following price depreciation in GUARANTY (-3.2%), ZENITH (-3.7%) and…
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This year’s edition of the MSMEs Awards holds this week virtually as the Buhari administration continues to roll out palliatives and other…
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EconomyNews
How we are converting COVID-19 pandemic to opportunity to reset Nigeria economy—Osinbajo
Vice President Osinbajo has said that despite the despair that came with the COVID-19 pandemic and its attendant consequences, Nigeria decided to…
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FinanceEconomyNews
E-payment channels transaction value drops by N96 billion as a result of COVID-19 lock down in April
The Central Bank of Nigeria CBN has said that the total volume of payment transactions across Nigerian payment channels fell by 26…
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FinanceEconomyNews
Banks can now debit other bank accounts of chronic loan defaulters starting August 1–CBN
The Central Bank of Nigeria (CBN) has authorised banks to begin from August to debit chronic bank debtors account with other banks.…
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The Nigerian National Petroleum Corporation (NNPC) has fired 850 workers, many of them from refineries, amidst the coronavirus pandemic, an oil union…
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Trading activities at the local bourse started the week bearish as the benchmark index moderated 44bps to close at 24,200.60 following sell-offs in MTNN (-1.0%), ZENITH (-3.0%)…
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BusinessEconomyNews
FG in court to overturn $10bn arbitration award as CBN adds maize to 41 items denied access to forex
The federal government has uncovered previously unknown payments to the daughter of a Nigerian official, its lawyer told a court on Monday,…