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National Assembly passes bill to make June 12 Democracy Day

The Senate on Thursday concurred with the Public Holiday Act (Amendment) Bill passed by the House of Representatives, which approved June 12 as the new…

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REVEALED: This is why Jumia didn’t list in Nigeria, Africa

E-commerce giant, Jumia, has disclosed that the lack of long term investors in e-commerce business in Nigeria and Africa at large, prompted its Initial Public Offering (IPO) on…

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MTN’s NSE-listing, what you need know, and analysts’ forecasts

The most anticipated and biggest listing on the Nigerian Stock Exchange is happening right now in Lagos, Nigeria. We are talking about none other than the MTN Nigeria listing….

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Sahara Energy and Brooge Petroleum partner to build a new refinery

Sahara Energy Resources DMCC Dubai and Brooge Petroleum and Gas Investment Co (BPGIC), have signed a partnership agreement to set up an oil refinery capable of producing…

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AfDB secures $61.8m to support female entrepreneurs

The African Development Bank (AfDB) has secured funding to support female entrepreneurs in Nigeria and other African countries. The development bank intends to disburse the capital for…

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$1.6bn has been recovered from the Atlantic Energy dispute by NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, said the NNPC has retrieved $1.6bn savings from its subsidiary, the Nigerian Petroleum…

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Why Arik Air carried out adjustment on scheduled operations

The management of Arik Air has revealed the reason behind its decision to adjust schedule operations, a move that has been dissatisfactory to customers. Reason for the…

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Cost Gains boost Dangote Sugar’s earnings and margins

Smuggling and Price Cuts Drag Revenue:Dangote Sugar Refinery Plc posted Q1:2019 revenues of NGN38.15bn, which is 7.72% lower than the NGN41.14bn generated in Q1:2018. The decline…

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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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