Thursday, March 19, 2020 Greif places travel ban on workers, postpones AGM Following the announcement of five new coronavirus cases in Nigeria, Greif Nigeria Plc has announced a travel ban on all its employees as well as social distancing rules for workers engaged by the firm…read more CBN announces N1.1tn intervention fund to boost…
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Wednesday, March 18, 2020 Capital Market Stakeholders Urge FG to Incentivize Commodity Trading The federal government has been urged to incentivize the trading of commodities through the provision of high-quality seedlings to farmers among others, saying it will impact positively on the Nigerian economy…read more Vetiva Projects Higher Revenue, Profit for Dangote Cement in 2020…
DetailsHeadline Inflation marginally rose to 12.20% y-o-y(Jan’20:12.13%) for the sixth consecutive time since September 2019, this is 0.07 percent points higher than the rate recorded in the previous month. 12.20% remains the peak in inflation since April 2018. Headline Inflation was highest in Bauchi (14.47%), Niger (14.06%) and Plateau (13.98%), while Borno (10.46%), Abuja (9.68%)…
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Tuesday, March 17, 2020 Zenith Bank pays N87.9bn dividend The shareholders of Zenith Bank Plc have unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend payment for the 2019 financial year to N2.80 per share with a total value of N87.9bn…read more Wema Bank to support women businesses with grants…
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First Bank in merger talks with local, foreign banks First Bank Plc may have opened merger talks with some other Nigerian and foreign banks ahead of the banking industry recapitalisation plan of the Central Bank of Nigeria…read more Oil crash: Nigeria may lose $8.63bn in six months Recession looms, say LCCI, PENGASSAN, NUPENG,…
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Stock market falls further, investors lose N329bn Investors in the nation’s stock market lost N329bn at the end of trading on Monday following the commencement of an oil price war amid rising cases of coronavirus…read more Edo considers capital raise from stock market The Edo State Government has said it is planning to raise…
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Access Bank Records N115bn Profit, Recommends 40k Final DividendAccess Bank Plc is still savoring the benefits of its decision to merge with former Diamond Bank Plc as the lender recorded improved performance in the year ended December 31, 2019….read more Power sector loses N117.8bn to gas shortage, othersBetween January 1 and March 6, Nigeria’s power…
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Forex: Reps probe CBN, FIRS, others over $30bn leakage The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over alleged racketeering in the allocation of foreign exchange to companies…read more How 23 MDAs received N372bn for capital projects A total of 23 Ministries, Departments and…
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Thursday, March 5, 2020 Blue-chip stocks push the market higher with N83bn gain The Nigerian stock market on Wednesday sustained the previous day’s positive sentiment with a 0.61 percent gain, following bargain hunting on blue-chip stocks…read more Lagos names FBNQuest financial adviser on debt capital FBNQuest Merchant Bank, the investment banking and…
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Wednesday, March 4, 2020 NSE members approve demutualisation resolutions Members of the Nigerian Stock Exchange on Tuesday passed requisite resolutions for the demutualisation of the Exchange at a Court-Ordered Meeting and an Extraordinary General Meeting….read more 11 Plc set to delist from NSE The board of directors of 11 Plc says following its meeting…
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