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FTN Cocoa Processors is facing hard times

FTN Cocoa Processors Plc released a report on the 8th of March 2019, informing the Nigerian Stock Exchange (NSE) shareholders and other stakeholders of the…

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Posted in NAIJA BIZ

Ecowas Bank to generate 25bn francs from UEMOA before Q2

President of the ECOWAS Bank for Investment and Development (EBID), Mr Bashir Mamman Ifo, has spoken about the bank’s intention to generate the sum of 25 billion…

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Ethiopian Airlines crash: Insurance claims hit $60m as Air Peace awaits probe

Insurance claims emanating from the crashed Boeing 737 Max jet operated by Ethiopian Airlines, has been estimated at between $50 million to $60 million. The crash killed all 157…

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FCMB announces Rewane’s retirement as Director

The management of FCMB Group Plc has announced the retirement of Mr Bismarck Rewane from its Board of Directors. The retirement was confirmed at the Board’s…

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Is this company quietly planning exit from the NSE?

Last week, Continental Reinsurance Plc issued an update to the Nigerian Stock Exchange (NSE) and the investing public on the proposed scheme that would allow…

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Nigerians may have spent over N266 million at the cinemas in February

Figures from the Cinema Exhibitors Association of Nigeria (CEAN) indicate that the top 20 films grossed a total of N266 million in the month of February. (Figures…

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Despite setbacks, Nigeria’s real estate investors to expect windfall in 2019

Recent statistics have shown that the Nigerian real estate sector has been suffering setbacks. Out of the ₦15 trillion worth of credit facilities (bank loans)…

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OFFICIAL: Nigeria’s oil sector accounts for 93.8% of export revenue

The Nigerian oil and gas sector accounted for 93.8% of the total export revenue in Q4 2018, according to the Central Bank of Nigeria’s Balance of…

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Fixed Income Daily Report for March 12th, 2019

Welcome to Fixed Income Daily Report, where we take you through the daily performance of major economic indicators and highlights from tradings sessions, as well…

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Afrinvest cautions FG on World Bank’s EoDB ranking

Leading investment banking firm, Afrinvest Plc, has tasked the Federal Government to aim beyond merely improving the country’s Ease of Doing Business (EoDB) ranking, if it hopes to…

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MTN Group’s CEO tackles Nigeria over $2bn tax demand

The Group CEO of MTN Group Limited, Mr Rob Shuter, has attacked Nigeria’s Attorney-General, Mr Abubakar Malami, over the latter’s continued demand that the telecoms…

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NSE’s statement in reaction to the Visionscape Municipality Bond Default

The Nigerian Stock Exchange, yesterday, reacted to media publications about Visionscap’s alleged default on  the coupon payment of a N4.85 billion bond that was due…

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Access Bank Plc secures $162.5m loan from Europe

Access Bank Plc has obtained a syndicated credit facility worth $162.5 million, from the European Investment Bank. The loan was put together by a group of…

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Lafarge Africa raises fresh capital to tackle rough patch

Lafarge Africa Plc said it has raised fresh capital from its existing shareholders through a rights issue that was 100 per cent subscribed. In a press…

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Access Bank reacts to fraud charges against its CEO, others

The management of Access Bank Plc, yesterday, reacted to a recent publication about its CEO, Mr Herbert Wigwe, and three others being dragged before an Ogun State…

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Intel adopts Konga into its Partner Accelerator Programme

Nigeria’s foremost e-commerce powerhouse, Konga, has become the first e-commerce company in Sub-Saharan Africa to be migrated to the Retail Accelerator Programme of global technology giant —Intel. The development…

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KPMG raises concerns about going status of Federal Palace’s parent firm

Tourist Company of Nigeria’s going status may be in concern going by a notice to the company sent to the Nigerian Stock Exchange today. The firm stated…

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NOVA Merchant Bank Limited declares N1.15bn in PAT, continues to focus on growth

NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018. This is an increase…

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Economy drags lending power of some FUGAZ banks down

The growth rate of the Nigerian economy might be dragging the lending power of some of Nigeria’s biggest banks down. Available record has shown how the…

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SUNU aims for top 10 position in insurance industry

Sunu Assurances Nigeria Plc has disclosed that it will explore other opportunities in the industry, as part of its effort to become one of the top…

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