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BUSINESS & ECONOMY

BUSINESS & ECONOMY

Crude Oil Price
BUSINESS & ECONOMY COVER

The Director-General of Bureau for Public Procurement (BPP), Mamman Ahmadu, has decried the level of insufficient funds for the development of the country. Ahmadu lamented that this has ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

Stock market investors lost ₦153.6 billion at the start of the week to a bearish trade session after the market capitalisation, which opened at ₦14.62 trillion, bowed to ...
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Nigeria's e-Payment
BUSINESS & ECONOMY COVER NEWSLETTER

The total value of transactions through various electronic payment (e-payment) channels in the country rose by 13 per cent to a total of ₦150.773 trillion in 2019, compared ...
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Coronavirus
BUSINESS & ECONOMY COVER NEWSLETTER

Predicts upswing in inflationary pressure The raging Coronavirus epidemic will hurt Nigeria-China trade, the Managing Director of the Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has said. ...
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EAC
BUSINESS & ECONOMY COVER NEWSLETTER

The Economic Advisory Council (EAC) on Thursday at Abuja submitted its preliminary report to President Muhammadu Buhari, lamenting that the economic growth rate is slow in contrast to ...
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TLcom
BUSINESS & ECONOMY COVER NEWSLETTER

TLcom has secured additional $31 million from its United Kingdom, South Africa, and Belgium investors, for its TIDE Africa Fund. This was disclosed by the firm in a ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

The bears are still dominant at the Nigerian Stock Exchange (NSE) as the market capitalization bowed to profit-taking, dropped by N174.37 billion after trading session on Wednesday. Market capitalisation, ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

The currency in circulation increased by N240 billion between November and December 2019. This was stated in the  Central Bank of Nigeria’s (CBN) Money and Credit Statistics report. The report stated that ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

The Nigerian stock market dipped by N52.1billion, as the market capitalization of equities dropped from N14.70 trillion on Monday to N14.65 trillion as at close of trading on ...
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UACN
BUSINESS & ECONOMY COVER NEWSLETTER

In its recently released FY2019 UNAUDITED results, UACN’s Revenue grew 10% y/y to N83.9bn, in line with our FY 2019 estimate of N83.8bn. Pre-tax Profit also grew 5% y/y to ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

Analysts at United Capital have disclosed that the Central Bank of Nigeria (CBN) may harmonise the multiple exchange rate systems operating currently in the country. The financial and ...
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Dangote Cement
BUSINESS & ECONOMY COVER NEWSLETTER

The stocks of Dangote Cement Plc, Zenith Bank Plc, Nestle Plc, Nigerian Breweries Plc, and Seplat Plc are shares of fortune, a report from ARM securities disclosed. Although, ...
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Stock market
BUSINESS & ECONOMY COVER NEWSLETTER

Investors in the Nigerian equities market recorded a growth of N1.88 trillion in their wealth in January while the market recorded a turnover of 9.877 billion shares worth ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

Investors in the Nigerian equities market recorded a growth of N1.88 trillion in their wealth in January while the market recorded a turnover of 9.877 billion shares worth ...
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Nigeria's IGR
BUSINESS & ECONOMY COVER NEWSLETTER

States in Nigeria generated the total sum of N986.2 billion Internally Generated Revenue (IGR) between January and September 2019. The latest IGR data released by the National Bureau of Statistics ...
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Nigeria
BUSINESS & ECONOMY COVER NEWSLETTER

Nigeria recorded $4.7 billion inflow of impact investment from 2015 to date, the Impact Investors Foundation (IIF) said in a new report. The report, which was contained in ...
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Nigerian Bureau of Statistics
BUSINESS & ECONOMY COVER NEWSLETTER

Nigeria’s total debt stock rose to N26.14 trillion as of the end of September 2019. This was disclosed in the latest report released by the National Bureau of Statistics (NBS). ...
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MTN
BUSINESS & ECONOMY COVER IT/TELECOM NEWSLETTER

The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted 1.6 billion dollars to invest in the Nigerian ...
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Naira Devaluation
BUSINESS & ECONOMY COVER NEWSLETTER

The Association of Bureaux De Change Operators of Nigeria (ABCON), yesterday advised the Central Bank of Nigeria (CBN) not to bow to the pressure to devalue the naira. ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

The Federal Government (FG) ran a deficit budget of N1.14 trillion in Q4 2019 compared to the N479.62 billion recorded in Q3 of 2019. The Q4 2019 Economic Report released by the ...
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