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Business

MSMEs Sustainability

FG Seeks Favourable Business Environment for SMEs in Nigeria

February 22, 2021
By Ahmed Rahma For Small and Medium-sized Enterprises (SMEs) to survive, they must be allowed to operate in a favourable business environment. The Minister for Industry, Trade and Investment, Mr Adeniyi Adebayo, said this at a workshop held for small business owners in the country recently. The event was organised by the Bank of Industry (BoI) in partnership with Procter
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Lasaco Assurance New Logo

LASACO Stocks Hit N1.68 from 42 Kobo After Share Reconstruction

February 22, 2021
By Dipo Olowookere The share capital reconstruction embarked upon by LASACO Assurance Plc has been completed and the suspension placed on the company lifted. The Nigerian Stock Exchange (NSE) had on February 1, 2021, suspended trading in the shares of the organisation on its platform. This was to allow the process of the share reconstruction to run smoothly. Share capital
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crude oil

Crude Oil Jumps 3% After Goldman Sachs’ Forecast

February 23, 2021
By Adedapo Adesanya Oil prices jumped more than 3 per cent on Monday as investors banked on information from Goldman Sachs Group predicting prices will advance into the $70s in the coming months. The international benchmark, Brent crude futures, gained $2.29 or 3.64 per cent to trade at $65.23 per barrel, while the United States’ benchmark, West Texas Intermediate (WTI)
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Naira parallel market

Naira Loses Grip on Dollar, Pound, Euro at Parallel Market Monday

February 23, 2021
By Adedapo Adesanya The week opened in a disappointing manner for the Naira against the three benchmarked foreign currencies – the US Dollar, the Pound Sterling and the Euro – at the parallel market of the foreign exchange market on Monday, February 22. At the unregulated segment of the foreign exchange market, the local currency depreciated by N3 against the
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NSE Investors

Negative Investor Sentiment Persists on NSE as Index Sheds 0.08%

February 23, 2021
By Dipo Olowookere The Nigerian Stock Exchange (NSE) recorded another decline on Monday on the back of sustained profit-taking, which left the market downcast by 0.08 per cent. During the trading session, the first this week, the All-Share Index (ASI) depreciated by 32.61 points to 40,154.09 points from 40,186.70 points, while the market capitalisation went down by N17 billion to
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Politics

Nigerian OTC securities exchange

OTC Exchange Rises 1.17% Amid High Trading Volume

May 18, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.2 per cent appreciation on Friday, May 17 amid a large trading activity that saw three price gainers and four price losers. The market capitalisation of the OTC exchange jumped by N19.85 billion during the trading day to N1.720 trillion from N1.700 trillion and the NASD Unlisted Security Index
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Travel

Latest

Heritage Bank Builds SERVICOM Unit for NIS in Lagos

Nigeria’s most innovative financial services provider, Heritage Bank, has been commended by the Nigeria Immigration Service (NIS) for its leadership position in seamless service delivery to customers and socio-economic growth. Comptroller General (CG) of NIS, Mr Muhammad Babandede, lauded Heritage Bank, during
June 25, 2019

MTN Launches 4G+ Services in Lagos, Abuja, PH

By Dipo Olowookere Leading GSM network service provider in the country, MTN Nigeria Communications Plc, has announced the commencement of 4G+ services in three key cities of the country. A statement issued by the telco on Tuesday disclosed that the cities enjoying
June 25, 2019

Shopify Unveils New Packages for Better e-Commerce Experience

Leading multi-channel commerce platform, Shopify Incorporation, has unveiled the latest in commerce technology at Shopify Unite, the annual conference that brings together the company’s global partner and developer community. “Shopify’s real power comes from the variety and strength of our ecosystem,” said
June 25, 2019
GTBank Branch

GTBank Announces Early Closure of Branches June 28

By Dipo Olowookere Top Nigerian financial institution, Guaranty Trust Bank (GTBank) Plc has informed customers of its intention to close early on Friday, June 28, 2019. In a notice to customers on Monday, the lender said this Friday, banking services at its
June 25, 2019
Bharti Airtel

Airtel Africa N454/Share IPO Closes Thursday

By Dipo Olowookere The Initial Public Offering (IPO) of Airtel Africa Plc has already commenced and will conclude on Thursday, June 27, 2019. The exercise stated on Tuesday, June 18, 2019. Business Post reports that the telco, which is planning to list
June 25, 2019

Ecobank Nigeria Announces N70bn Agric Financing Scheme

A strategic partnership has been entered into between Ecobank Nigeria and Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) with a N15 billion agricultural investment scheme being the first tranche in agricultural value chain financing. The partnership between both institutions is in
June 25, 2019

CMC Connect Announces BCW Affiliation

Leading Perception Management firm, CMC Connect, has announced the transition of its flagship affiliation from Burson-Marsteller to CMC Connect Burson, Cohn & Wolfe (CMC BCW). This followed a merger between Burson Marsteller and Cohn & Wolfe, both of which were previously ranked
June 25, 2019
Nigerian breweries more consumers

Nigerian Breweries Leads Stock Market to 0.14% Loss

By Dipo Olowookere The nation’s stock market commenced trading activities on Monday on the wrong note after posting a 0.14 percent decline to reverse the gains recorded last Friday. The equity market closed bearish yesterday despite finishing with 24 price gainers led
June 25, 2019

FG Inaugurates Ex-UBA Director as SEC Board Chairman

By Dipo Olowookere A renowned commercial lawyer, Mr Olufemi Lijadu, was on Monday inaugurated as Chairman, board of the Securities and Exchange Commission (SEC). Mr Lijadu, at his inauguration yesterday in Abuja, by the permanent secretary in the Federal Ministry of Finance, Mr
June 25, 2019
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