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Access/Diamond one step away from conclusion of merger

In separate notices sent to the Nigerian Stock Exchange (NSE) today, Access Bank and Diamond Bank both announced they had obtained final approval from the Central Bank of…

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Price Watch: The average prices of Kerosene, Diesel and Gas in Nigeria

The average price per litre of Kerosene in Nigeria dropped to ₦305.55 in February 2019, compared to ₦306.28 in January 2019. This is revealed in the National…

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UBA and Access Bank FY 2018 results fail to stir market

The Nigerian Stock Exchange (NSE) closed today’s trading on a negative note. The All Share Index ended today’s trading session at 31, 142.72 basis points,…

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Nigerian fintech, TeamApt, to expand to the Americas later this year

Budding Nigerian financial technology firm, TeamApt, has disclosed ongoing plans to expand its oepration into Latin America countries by the third quarter of the year….

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RT Briscoe Nigeria Plc appoints new Auditors

The Board and Management of RT Briscoe Nigeria Plc, have announced the appointment  Messrs. PKF Professional Services as the company’s new Auditors. In an announcement issued…

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Total SA to explore crude on Nigeria’s border with Sao Tome

The French multinational oil and gas company, Total, has obtained the exclusive right to begin oil exploration in three blocks – 7, 8 and 11, which…

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Stanbic IBTC to loan Eland Oil & Gas $50 million

Stanbic IBTC, in partnership with South Africa’s Standard Bank Group, will provide a new accordion facility to Eland Oil & Gas. The credit facility will…

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Italian court postpones Aliyu Abubakar’s prosecution in Shell, Eni trial

The Italian Judge presiding over the case against Shell and Eni in Milan, has delayed the testimony of AA Oil boss, Aliyu Abubakar, who was described as a major key witness to…

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Konga’s former CEO, Sim Shagaya, establishes a new company ‘uLesson’

Nigerian entrepreneur and former CEO of Konga, Sim Shagaya, took to his Twitter page earlier today to announce an ongoing startup which he can’t wait to share to…

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Access Bank declares final dividend of N0.25

Access Bank Plc said it will pay a final dividend of 25 kobo for every unit of share, bringing the total dividend for the financial…

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NNPC yet to receive notice of OML 11 takeover from Presidency

Days after the Presidency reportedly ordered the Nigerian National Petroleum Corporation(NNPC) to take over the operatorship of the entire OML 11 from Shell Petroleum Development Company (SPDC), the petroleum…

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Coronation Merchant Bank team give overview of the economy and their operations

Nairametrics had a chat with the management team of Coronation Merchant Bank, consisting of the GMD, Mr Abubakar Jimoh, the Head of Research, Mr Guy Czatoryski, and the Head…

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P&ID’s Hedge Fund purchase underscores fiscal and monetary risks to Nigeria

A sovereign debt hedge fund is reported to have taken a 25% stake in a gas company with a US$9.0 billion claim against the Federal…

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PEBEC launches REPORTGOV App to drive ease of doing business

The Presidential Enabling Business Environment Council (PEBEC) has launched the REPORTGOV.NG App, official public service feedback and complaints platform to support business climate reforms implemented…

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MTN to proceed with IPO once tax case is settled

MTN Group Limited intends to proceed with plans to raise capital through an Initial Public Offering (IPO) on the Nigerian Stock Exchange (NSE) in Q2 2019,…

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Dangote Fertilizer signs major gas deal with NNPC and Chevron

Dangote Fertiliser Limited has signed gas supply agreements with the Nigerian National Petroleum Corporation and Chevron Nigeria Limited. The Gas Sale and Aggregation Agreements require both Chevron and the NNPC to supply 70mmScf/d…

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Shell loses OML 11 license to NNPC

The Federal Government, yesterday, directed immediate revocation of the operating licence that was previously given to Shell Petroleum Development Company over Oil Mining Lease 11….

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Jumia plans unusual IPO on New York Stock Exchange

Jumia Technologies, the African e-commerce company, has filed for an unusual initial public offering (IPO) on the New York Stock Exchange (NYSE) weeks after its largest shareholder, MTN…

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NSE market capitalisation shed N56bn, amid blue chip loses

Trading on the Nigerian Stock Exchange (NSE) swayed northward on Thursday with some blue chips recording price loses. Specifically, Nestle recorded the highest loss to…

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Golden Sugar Company wins Global Safety Awards

Flour Mills of Nigeria Plc’s subsidiary has won The Global Food Safety Initiative (GFSI) Awards in Nice, France. The award was announced during this year’s…

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