Posted in NAIJA BIZ Uncategorized

This medium priced stock has hit a year high amidst a bear market

The Nigerian Stock Exchange (NSE) ended the month of October on a bearish note, down 0.75%. Year to date, the All Share Index is down…

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NSE suspends Unity Bank, 5 others from trading

In a notice posted to its website today, the Nigerian Stock Exchange (NSE) announced the suspension in trading of the shares of the following companies:…

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Posted in NAIJA BIZ Uncategorized

Nigerian assets that may be taken over by China

A few weeks ago, there was a deep outcry in Lusaka, Kitwe, Chingola, Ndola, Livingstone and all other Zambian cities and towns. What could be…

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NNPC’s subsidiary to ship crude again after years of inactivity

NIDAS Shiping Services Limited, a subsidiary of the Nigerian National Petroleum Commission (NNPC), will resume crude freighting services after nearly ten years of suspended operations….

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PenCom recovers outstanding contributions from Defaulters

The Head, Corporate Communications, National Pension Commission (PenCom), Peter Aghahowa has disclosed that the corporation has recovered N465.02 million outstanding pension contributions from defaulting employers. In a…

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Rights Issue: May & Baker seriously woos subscribers, promises 2018 dividend

The Chief Executive Officer of May & Baker Plc, Mr Nnamdi Okafor, in an obvious attempt to entice its shareholders, recently promised that investors who subscribe…

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Your data may not be secure with Arik Air

Customer data belonging to Arik Air may have leaked. An information technology expert who goes by the identity xxdesmus disclosed this in a post as well as a…

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Ibe Kachukwu on Nigeria’s efforts to clean up corrupt oil sector

Nigeria’s Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachukwu, yesterday granted an interview to Bloomberg TV during which he spoke about a number of…

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Nigeria earned N1.16 billion from rail in six months

The Federal Government has generated a total of ₦1.16 billion through the rail system of transportation in the first and second quarters of 2018. This was revealed by…

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Embattled Lekki Gardens in another fresh trouble

A cross-section of owners at Horizon Premier-1 Estate in Lekki, have dragged Lekki Gardens Estate Limited, and Managing Director of the company, Richard Nyong, to…

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Competition heightens for Dangote as FG commissions two modular refineries

It seems that the competition for Dangote refinery, owned by billionaire businessman, Aliko Dangote, bid to start operations by 2020 just got heightened with the…

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Why Flour Mills applied for a power generation license

We had a brief chat to the Group Managing Director of Flour Mills of Nigeria Plc Paul Gbededo during the Nigerian Economic Summit which held last…

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Dangote Flour breaks Guinness world record with puff puff

Dangote Flour Mills Plc has broken the Guinness Book of Records for the World’s Largest Puff-Puff pyramid. The flour millers had fried two metric tonnes of…

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PSP operators wants Visionscape activities scrapped

Operators of Private Support Partnership (PSP) and other stakeholders have sought the termination of Visionscape Sanitation Solution Limited contract with Lagos State government. This resolve…

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Nigeria set to benefit from UK’s £1.2 billion communication intervention fund

The Vice Chairman of the Nigerian Communications Commission (NCC), Professor Umar Danbatta, on Sunday disclosed that Nigeria is one of the countries that will benefit from a £1.2…

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How Nigeria can earn $10 billion annually from Shea butter exports

One of the agricultural exports in Nigeria, Shea butter, is capable of fetching the country a foreign exchange earning of over $10 billion annually, with value…

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Diamond Bank quenches tales of new key investors

Tier two lender, Diamond Bank Plc has denied media reports of a planned capital injection by new investors. In a notice sent to the Nigerian Stock Exchange…

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NEM Insurance may pause private placement

The Nigerian Stock Exchange (NSE) may have indirectly halted a proposed private placement by NEM Insurance Plc. The Exchange had earlier this week slammed a fine of N575,505.00 being 50% of…

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Analysts believe Capital Market will fare better after 2019 election

The Chief Executive Officer of Renaissance Capital Nigeria, Mr Temi Popoola, yesterday stated the country’s capital market will perform better again once the heightened political tension in the…

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Afromedia admits failure, explains delay in releasing results

Afromedia Plc’s Board of Directors and Management today acknowledged that it has failed to meet the deadline required of it to ensure the release its financial…

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