At the close of trade, gains in banking stocks -STANBIC (+5.9%), ZENITH (+3.0%) and GUARANTY (+2.4%)- pushed the NSE-ASI index higher by 57bps to close at…
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Fitch Ratings has assigned Ecobank Nigeria Limited (ENG) a Long-Term Issuer Default Rating (IDR) of ‘B-‘ with a Stable Outlook, Viability Rating…
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The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of…
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The CBN said it has dole out N554.61 billion to 2, 849,490 farmers to enhance food security under its Anchor Borrowers Programme…
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The Nigerian Customs Service, will next week, commence the reduction in the duties on vehicles and tractors from 35 to about 10…
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The positive momentum continued in the local bourse as the benchmark index gained 83bps to close at 41,930.73 points. This was on the…
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A toxic mix of complacency, excessive risk-taking and market exuberance in financial markets is raising risks of a market correction, the International…
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World Economic Forum has said that Nigeria will officially join the World Economic Forum’s Global Plastic Action Partnership (GPAP), a platform that…
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NOVA Merchant Bank, a leading merchant bank in Nigeria, began 2021 on a high note as it announced several promotions for its…
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BusinessEconomyNews
LCCI urges FG, States, LGCS to deepen investors confidence in Nigerian economy in 2021
President Lagos Chamber of Commerce and Industry Mrs Toki Mabogunje has said that governments at all levels should in 2021 aim at…
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Central Bank of Nigeria Monetary Policy Committee (MPC), has unanimously agreed to retain the Monetary Policy Rate (MPR) at 11.5%. Monetary policy…
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BusinessEconomyNews
Stakeholders capitalism takes centre stage as business leaders throw weight behind it
World Economic Forum has said that a growing coalition of 61 top business leaders across industries are committed to the Stakeholder Capitalism Metrics, a set of…
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The benchmark index rose 121bps to close at 41,584.94 points following strong demand in AIRTELAF (+7.6%), MTNN (+0.5%) and WAPCO (+3.8%). Consequently, the YTD return improved to 3.3%…
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EconomyFinanceNews
Otunba Subomi Balogun hands over Otunba Tunwase National Paediatrics Centre to UI, UCH
FCMB Group Founder and notable philanthropist, Otunba Olasubomi Balogun (CON), has formally handed over his Otunba Tunwase National Paediatrics Centre (OTNPC), located…
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BusinessEconomyNews
Deglobalisation, digital concentration, key trends shaping global economy as Xi Jinping call for global cooperation
Accelerating inequality, remote work and greater tech market dominance are among the pandemic’s emerging trends that are likely here to stay for…