The Nigerian Stock Exchange (NSE) has urged investors to trade with caution on the shares of 13 companies for failing to submit…
Category:
Finance
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The FMDQ Holdings (FMDQ Group) has admitted the Axxela Funding 1 PLC ₦11.50 billion Series 1 Bond under its ₦50.00 billion Bond…
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At the end of trade today, the equities market recorded a moderate loss of 1bp to close at 24,276.56 due to sell-offs in INTBREW (-8.9%), FBNH (-0.9%)…
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BusinessEconomyFinanceNews
CBN buckles under IMF, World Bank pressure on exchange rate unification, Naira trade at N381 to dollar
Central Bank of Nigeria apparently buckled under pressure from International Monetary Fund, IMF and World Bank to unify the Naira exchange rate.…
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Today, the market remained resilient as the All-Share Index advanced 75bps to settle at 24,097.48 points due to bargain hunting in GUARANTY (+6.9%), WAPCO (+10.0%) and ZENITH (+1.8%). Consequently,…
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Ecobank Nigeria has restated its commitment to the Agricultural sector and is supporting over 70,000 farmers with special loans to increase their…
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EconomyFinanceNews
Africa to rebound from pandemic slump in 2021, Europe is headed for deeper recession
African economies, is expected to partially rebound next year from a pandemic-induced economic slump, but it could still lose nearly a quarter…
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BusinessEconomyFinanceNews
Buhari’s anti-corruption crusade on trial, suspends Magu on corruption probe
President Buhari anti-corruption is on trial as the man charged with responsibility of fighting the hydra headed social monster has been suspended…
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Nova Merchant Bank, has said that its ongoing N10 billion bond issuance is aimed at putting the business on firm footing to…
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FinanceNewsStock Market
Bargain hunting spurs gain at Nigerian Stock market as capitalisation rose to N12.6trn
In today’s session, gain resurfaced in the equities market as the benchmark index rose 30bps due to bargain hunting in AIRTELAF (+3.7%), BUACEMENT (+2.5%) and ZENITH (+1.9%) to close at 24,097.48 points. Consequently,…
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BusinessEconomyFinanceNews
FCTA gives GTBank branches 24 hours to put in place Covid-19 customer safety measures or risk shut down
The Federal Capital Territory Administration FCTA has threatened to seal some branches of Guaranty Trust Bank in the territory for operating without…
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Nigeria’s total public debt rose to N28.62 trillion as of March, up 15% from a year earlier, the Debt Management Office (DMO)…
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Central Bank of Nigeria has debited N122 billion from Nigerian banks with excess cash before weakening the currency at a retail auction…
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Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says Federal Government has proposed N2.3 trillion to boost the mining and other…
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The Federal Government has approved 60 per cent debt forgiveness for all debtor broadcast stations in the country to cushion the effects…