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Business

Godwin Emefiele Exchange Rate

Emefiele, Others Meet to Discuss Nigeria’s Monetary Policies

May 23, 2022
By Aduragbemi Omiyale Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, is having a meeting with key members of the Monetary Policy Committee (MPC) in Abuja to deliberate on the way forward for Nigeria in terms of monetary policies. The meeting, which started on Monday, May 23, 2022 (today), is taking place at the MPC Meeting Room,
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GDP Nigeria growth

Nigeria’s GDP Grows 3.11% in Q1 2022 Amid Lower Economic Activity

May 23, 2022
By Aduragbemi Omiyale The National Bureau of Statistics (NBS) on Monday said the gross domestic product (GDP) of Nigeria in the first quarter of 2022 increased by 3.11 per cent on a year-to-year basis in real terms amid lower economic activity, according to the stats office. In the same period of last year, the GDP stood at 2.60 per cent,
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NNPC profit 44 years

NNPC, Sahara Group Invest $300m to ‘Circulate’ Clean Energy in Africa

May 23, 2022
By Adedapo Adesanya The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group, have taken delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels. The delivery happened on Monday at the Hyundai MIPO Shipyard in Ulsan, South Korea, with plans to add 10 vessels in 10 years to enhance Africa’s transition to cleaner fuels.
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downstream operations

FG Moves to Improve Midstream, Downstream Operations

May 23, 2022
By Adedapo Adesanya The federal government, through the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has disclosed plans to unveil six regulations on midstream and downstream operations. The regulations are being put in place to bring clarity to the sector as well as improve business processes and ease of doing business in the sector. According to the Authority Chief
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trading digital assets

Absa Lauds Regulatory Framework for Trading Digital Assets in Nigeria

May 23, 2022
By Modupe Gbadeyanka The decision of the Securities and Exchange Commission (SEC) to provide a regulatory framework for investing and trading digital assets, including cryptocurrencies, in Nigeria has been applauded by Absa Nigeria. The chief executive of the leading pan-African bank, Mr Sadiq Abu, while appearing on CNBC Africa’s Power Lunch Show recently, expressed optimism that this development will boost
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Politics

FCMB_Logo

FCMB Proposes 50 Kobo Dividend for FY 2023

May 1, 2024
By Aduragbemi Omiyale The board of FCMB Group Plc has proposed the payment of a 50 Kobo dividend for the 2023 financial year, Business Post reports. The financial institution declared the cash reward to shareholders in its audited financial statements released to the Nigerian Exchange (NGX) Limited for the year ended December 31, 2023. In the period under review, FCMB
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nigerian shares

Nigerian Shares Extend Rally as Investors Gain N67b

By Modupe Gbadeyanka Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed on a positive note again on Tuesday as the major market indices closed in the green territory. Business Post reports that a bit of profit taking was
January 30, 2018

Asian Equities Slump as Oil Extends Fall

By investors Hub Asian stocks fell across the board on Tuesday as oil extended declines and U.S. bond yields rose to their highest levels in nearly four years on concerns over higher inflation and a rise in interest rates. China’s Shanghai Composite
January 30, 2018
European Shares

European Stock Markets Fall

By Investors Hub European stocks have fallen on Tuesday as rising bond yields as well as concerns over valuations becoming increasingly stretched has dented investors’ appetite for riskier assets. While the French CAC 40 Index is down by 0.5 percent, the German
January 30, 2018

Futures Pointing to Continued Pullback on Wall Street

By Investors Hub The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks poised to extend the pullback seen in the previous session. The downward momentum on Wall Street comes as traders seem likely to continue to
January 30, 2018
honeywell flour mills

Honeywell Flour Posts Impressive Performance in 9 Months

By Modupe Gbadeyanka The unaudited financial statements of Honeywell Flour Mills Plc released to the Nigerian Stock Exchange (NSE) on Tuesday showed an impressive performance. The financial results released by the flour miller today is for the third quarter ended December 31,
January 30, 2018
NSE Demutualisation

NSE Demutualisation Bill Passed to Boost Stock Market—Reps

By Modupe Gbadeyanka Speaker of the House of Representatives, Mr Yakubu Dogara, has explained why the green chamber of the National Assembly passed the bill demutualising the Nigerian Stock Exchange (NSE) last week. Speaking in a statement on Monday, Mr Dogara, through
January 30, 2018
naira and dollar

Naira Slumps at Black Market as Pound Trades at N510

By Modupe Gbadeyanka The Nigerian currency started the week yesterday on a very negative note at the parallel (black) market segment of the foreign exchange market. At the market segment on Monday, the Naira lost N6 against both the British Pound Sterling
January 30, 2018
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