Business
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Sell pressure: Market capitalisation dips N62b
The persistent downward movement on the Nigerian Stock Exchange continued on Tuesday with market indices depreciating further by 0.47 per cent, due to sell pressure in 22 stocks.
Read moreIndia, largest export market for Nigeria in Q1 2019 — NBS
The National Bureau of Statistics said India was the largest export market for Nigeria in the first quarter of 2019 with a net worth of N744.9 billion.
Read moreCarsbazr rolls out first franchise outlet in Lagos
In a trail-blazing move aimed at empowering small business owners and car dealerships, Carsbazr has officially opened its first franchise outlet in Lagos.
Read moreBreaking: Nigeria on the verge of bankruptcy — Emir Sanusi
The former Governor of the Central Bank of Nigeria spoke during the ongoing 3rd National Treasury Workshop organized by the office of the Accountant General of the Federation, holding in...
Read moreBreaking: Lagos announces road closure for railway modernisation project
In a statement signed by the Permanent Secretary, Ministry of Transportation, Dr. Taiwo Olufemi Salaam, the closure is to allow the contractors of the project, CCECC and Devine Gate LTD,...
Read moreCapital market operators task SEC new board on substantive director-general
Some capital market operators on Tuesday commended the newly inaugurated board of the Securities and Exchange Commission but charged them on the appointment of a substantive director-general for the commission.
Read moreFinancial expert lauds Emefiele’s commitment to MSMEs
Prof. Uche Uwaleke, the Chairman of Abuja Chapter of the Chartered Institute of Bankers of Nigeria, has commended the Governor of the Central Bank of Nigeria, Godwin Emefiele, for his...
Read moreForte Oil shareholders task new management on sustainable dividends
The shareholders made the demand in an interview with the News Agency of Nigeria in Lagos on expectations from the new management team following Femi Otedola’s divestment.
Read moreOsinbajo highlights investment opportunities in Nigeria’s development challenges
Vice President Yemi Osinbajo on Monday in New York said the huge development challenges facing Nigeria and the rest of Africa were “excellent opportunities for groundbreaking investments and innovation”.
Read moreWhy we cancelled 25 years Port Development Master Plan — NPA MD
The Nigerian Ports Authority has denied reports that it has cancelled the $2.6 billion Badagry deep seaport in Lagos State, stating that what was cancelled was the 25 years Port...
Read moreWhy power outage persists in Ondo South — BEDC
BEDC in its reaction to complaints by Governor Rotimi Akeredolu of Ondo State over lack of power supply to some parts of Ondo South, appealed to the Governor to put...
Read moreInnoson says issuance of bench warrant against him an abuse of process, files appeal
Chukwuma said this in a statement against the backdrop of the ruling by the court on Monday, which ordered his arrest
Read moreCustomer alleges fraud by AEDC through ‘debt migration’ on prepaid meter
A customer has alleged that the Abuja Electricity Distribution Company is allegedly defrauding its clients through “debt migration” claims on prepaid meters.
Read moreNCC licenses Avanti for satellite space segment in Nigeria
The Nigerian Communications Commission has approved and presented a licence for the landing right permit to Avanti for Hylas4 Satellite Space segment in the country.
Read moreSEC opposes joining of Oando in Tinubu’s suit
Counsel to the Securities and Exchange Commission, Chief Anthony Idigbe (SAN), on Monday opposed an application seeking to join Oando Plc in a suit filed its sacked Group Chief Executive...
Read moreFG charges new board of SEC on transparency
Alhaji Mahmoud Isa-Dutse, the Permanent Secretary, Federal Ministry of Finance made the call while inaugurating the reconstituted board of the commission in Abuja on Monday.
Read moreNigeria, not a fragile state — World Bank
The World Bank Group on addressing Fragility, Conflict and Violence has said that Nigeria is not a fragile state even with the current security challenges.
Read moreRed Star Express expands with GSA services
One of Nigeria’s leading logistics and cargo generating company, Red Star Express Plc, has ventured into the cargo General Sales Agent services as part of its expansion drive.
Read moreNSE: Market capitalisation dips N18b in bearish trading
Transactions on the nation’s bourse resumed for the week on Monday still on a downward trend with the market capitalisation dropping by N18 billion.
Read moreAfDB welcomes EUR 40 million investment from the European Commission for FEI
The announcement was made to energy sector stakeholders at a sideline event held during the Africa Energy Forum, which took place in Lisbon, Portugal from June 11 to 14, 2019.
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