Profit-taking in MTNN (-0.4%), ZENITH (-1.5%) and FBNH (-0.9%) dragged the benchmark index 12bps lower to close at 24,625.24 points. As a result, market capitalisation declined ₦15.6bn to ₦12.8tn while…
Business News Report
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As drug trafficking by sea increases globally, the National Drug Law Enforcement Agency, NDLEA have stressed the need for the Federal Government…
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The gap between the bullish mood among investors and the huge uncertainties about the extent and speed of the economic recovery from…
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Oil and GasNews
NNPC produces 218.37bn cubic feet of natural gas in March, records 47% decrease in pipeline vandalism
The Nigerian National Petroleum Corporation (NNPC) has said that 218.37billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating…
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The Management of the Standards Organisation of Nigeria (SON) has disowned a purported ultimatum to Manufacturers and Importers on its yet to…
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Nigerians have been advised to move from the realm of denial, anger and accept the reality of the ‘new normal’ occasioned by…
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Aviation unions have threatened to shut down the Nigerian Airspace Management Authority ,NAMA, operations if the agency goes ahead with its planned…
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Losses in the equities market were extended into the third consecutive trading session as sell-offs in SEPLAT (-10.0%), NIGERIAN BREWERIES (-3.6%) and INTBREW (-9.9%) dragged the benchmark…
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Sub-Saharan Africa’s gross domestic product is expected to shrink by 3.2% this year due to the impact of the COVID-19 pandemic, the…
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The Central Bank of Nigeria (CBN) says the Governor, Godwin Emefiele, and his team at the Bank will not be deterred in…
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Access Bank Plc has unveiled a digital lending portal to provide access to finance for Small and Medium Enterprises (SMEs) in the…
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FinanceEconomyNews
Nigeria in talk with World Bank, others to raise $6.5bn, gets $750m support for power sector
Nigeria is continuing its discussions with the World Bank and other multilateral lenders to raise $6.5 billion, the finance ministry said. Meanwhile…
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The Federal Government has concluded arrangements to make the Integrated National Security and Waterways Protection Infrastructure, also called the Deep Blue Project, the central…
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The domestic equities market closed southward as the benchmark index declined 2bps to close at 24,750.06 points due to sell-offs in DANGSUGAR (-9.9%), NIGERIAN BREWERIES (-2.7%)…
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Nigeria foreign exchange market got a boost of Forex from $38.1 to $63.44 million an increase of 66.42%. The increase is a…