Senate has passed an increased budget for 2020, as Nigeria tackles the new coronavirus pandemic and a sharp fall in the price…
Category:
Finance
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EconomyFinanceStock Market
Retail investors dominate transactions in Nigeria equities market— Onyema
The Nigerian Stock Exchange (NSE) has said that low yield environment caused by Coronavirus pandemic has positioned the equity market with domestic…
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The African Development Bank’s vice president for agriculture, human and social development, Jennifer Blanke, will step down from her post next month,…
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National Co-operatives Financing Agency of Nigeria (CFAN) has lauded the waiving of guarantors for applicants of CBN’s N50 billion COVID-19 Targeted Credit…
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Today, trading in the domestic equities market closed south as price depreciation in BUACEMENT (-3.9%), UACN (-9.1%) and ZENITH (-1.2%) dragged the All-Share Index by 47bps to close at…
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Today, the NSE All-Share Index (ASI) appreciated 34bps to close at 25,335.15 points following buying interest in BUACEMENT (+4.1%), DANGSUGAR (+2.8%) and UBA (+0.8%). Consequently, investors gained ₦44.4bn…
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FMDQ Securities Exchange Limited has announced the admission of Dangote Cement N100 billion Commercial Paper (CP) on its platform. FMDQ Securities Exchange…
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EconomyFinanceNews
Global economy to shrink by 5.2%, deepest recession since the Second World War—WB
World Bank has said that the swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged…
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The African Development Bank said it has blacklisted Burmeister & Wain Scandinavian Contractor (BWSC) for 21 months for fraudulent and corrupt practices.…
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The equities market ended today’s trading session in the green as the All-Share Index (ASI) rose 93bps to close at 25,250.20 points following…
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FinanceNewsStock Market
Nigeria financial market last week: Equities Market profit-taking activities drag performance… ASI down 1.0% w/w
Despite three consecutive days of gains during the week, the local bourse halted its bullish streak as profit-taking in BUACEMENT (-4.8%), STANBIC…
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Managing Director/Chief Executive Officer Zenith Bank Plc Mr. Ebenezer Onyeagwu told Bloomberg Media that the bank is prioritising lending to the agricultural…
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Insurers’ recapitalisation deadline which was due on December 30th 2020 has been moved to September 2021. This fact is contained in a…
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Board of Directors of the African Development Bank (AfDB) has approved Nigeria’s Country Strategy Paper (CSP) 2020-2024, which builds on the successes…
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BusinessEconomyFinance
Nigeria’s external reserves rises to $36.57bn gives CBN fire power to defend Naira
Nigeria’s external reserves now stand at $36.57 billion, having increased sharply from $33.42 billion as of April 29, 2020. This development has given the…