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Petrol price to increase as subsidies drain Government’s revenue

Petrol price may go up in just a matter of weeks, even as Nigerians have been advised to brace up for the negative effects such…

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Federal Government offers fresh N100bn bonds for subscription

In a circular made available to the public, the Debt Management Office (DMO), yesterday, disclosed that it has been authorised to receive applications for Federal Government’s fresh…

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MTN Nigeria to trade N90 per share on the NSE

Following MTN‘s application approval to list on the Nigerian Stock Exchange (NSE), a senior management staff at The Exchange, who doesn’t want his name mentioned in the media,…

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Nigeria’s inflation rose to 11.37% in April, after 3 months decline

The consumer price index, which measures inflation, rose to 11.37% in April 2019, according to the monthly inflation report released by the National Bureau of…

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Oil prices spike after Saudi Aramco facilities suffer drone attack

The facilities of Saudi Aramco suffered setback early Tuesday morning after explosive-laden drones attacked two pumping stations belonging to the state-owned oil company. The attack on the…

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Pension contributors hit 8.5m, but statistics still show worrying signs

The summary of Pension Fund Assets shows that Pension contributors hit 8.56m in February 2019. When compared to the 8.4m plus contributors that had been…

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How to buy MTN shares on the Nigerian Stock Exchange

It’s official, Nigeria’s largest GSM Company, MTN Nigeria, will be listed on the Nigerian Stock Exchange on Thursday 16th of May 2019. As followers of the Nigerian Stock Exchange,…

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MTN will join these 3 stocks in the Trillion Naira Club (TNC)

As MTN Nigeria prepares to list on the Nigerian Stock Exchange later this week, the stock is expected to catapult straight into the trillion naira club list. This is…

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May & Baker’s top-line dips following food business disposal

Revenue from Continued Operations Dips: Following the divestment of its foods business which, on average, accounts for 23.36% of its revenue, May & Baker Nigeria Plc recorded a…

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Microsoft unveils technology development centres in 2 African countries

American technology giant, Microsoft Corporation, has unveiled its first Africa Development Centre (ADC), with two offices in Nairobi, Kenya, and Lagos, Nigeria. The ADC is worth $100 million:…

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Quick Take: Key takeaways from MTN Nigeria’s Analyst Presentation

MTN Nigeria held an Analyst conference yesterday ahead of its planned listing byintroduction on the Nigerian Stock Exchange (NSE). While we anticipated that there would be discussions on…

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Caramelo Bar’s owner laments over N500m loss following demolition

Mr Maxwell Eze, the owner of exquisite Abuja-based nightclub, Caramelo Bar, has expressed his dismay after government officials destroyed his N500 million bar. According to a…

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Morgan Stanley removes four stocks from its Nigerian indices

Morgan Stanley Capital International (MSCI) recently released its Semi Annual Half year Index review, which will take effect on the 28th of May, 2019.  Changes made: For its Nigerian Index,…

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International Breweries appoints a new Non-Executive Director

International Breweries Plc has announced the appointment of Olutoyin Modupe Odulate as its Non-Executive Director. Odulate’s appointment was disclosed via a statement signed by International Breweries‘Company Secretary/General Counsel, Muyiwa Ayojimi….

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Local contractors get $368m contracts from Dangote refinery

Dangote Refinery & Petrochemical has given 120 local contractors about $368 million worth of contracts on its site. This stands as its own input to deepen…

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Alert: MTN’s 20.3bn Shares to start trading this week

Nigeria’s telecom giant, MTN Nigeria, is set to be officially introduced on the Nigerian Stock Exchange come Thursday, May 16th, as all relevant processes have been completed. Sources within…

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Neimeth Pharmaceuticals records high Topline, as earnings stay downbeat

Impressive Second Quarter Masks Poor Q1 Performance: Neimeth International Pharmaceuticals Plc closed its books for the quarter with an impressive half-year financial scorecard, showing the highest revenue…

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BoI’s disbursements to businesses increased by 130% in FY 2018

The Bank of Industry (BoI), reportedly disbursed a total of N259.6 billion to support Nigeria’s industrialisation between January and December 2018. The N259.6 billion represents an increase…

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FG assures no infrastructure was mortgaged in the China loan agreement

The Federal Government has dismissed the fears of many Nigerians over the possibility of China taking over some infrastructure in the country if the country…

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FG loses billions over illegal importation of steel and iron

The Galvanised Iron and Steel Manufacturers Association has disclosed that the Federal Government loses about N53 billion per annum to the illegal importation of iron and steel…

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