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Business

Nestle stock market

Nestle, Fidson, Others Pull Down Stock Exchange by 0.09%

February 27, 2024
By Dipo Olowookere The Nigerian Exchange (NGX) Limited was pulled down by 0.09 per cent by Nestle Nigeria, Fidson, Access Holdings, UBA, and 20 others on Monday due to mild profit-taking. Investors trimmed their exposure to equities in a bid to diversify and try money market instruments, which are giving higher yields amid rising inflation in the country. They also
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NASD OTC exchange

Aradel Holdings Triggers 0.56% Fall at NASD OTC Exchange

February 27, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed in the negative territory on Monday after it recorded a 0.56 per cent decline at the close of transactions. This was majorly caused by the N50 loss suffered by Aradel Holdings Plc, whose share price closed yesterday at N2,650 per unit, in contrast to the previous session’s N2,700 per unit.
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End Hunger Protest

PHOTOS: Nigerians Join NLC for End Hunger Protest

February 27, 2024
By Modupe Gbadeyanka Some Nigerians across the country have joined the Nigeria Labour Congress (NLC) to protest against economic hardship under the administration of President Bola Tinubu. The NLC had called for a two-day nationwide protest over the widespread hunger in the country as a result of the removal of fuel subsidies and the unification of the exchange rates. In
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killing interest rate

BREAKING: CBN Raises Interest Rate by 400bps to 22.75%

February 27, 2024
By Aduragbemi Omiyale The Central Bank of Nigeria (CBN) has announced a 400 basis points or 4.00 per cent hike in the Monetary Policy Rate (MPR). The Governor of the CBN, Mr Yemi Cardoso, while addressing journalists at the end of the two-day Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, said the team agreed to push the benchmark
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Nigerians crying woes

We Are Not Responsible for Your Woes—CBN Tells Nigerians

February 27, 2024
By Aduragbemi Omiyale The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has absolved the bank from the current economic hardship the citizens are going through, saying he and his team are only part of the solution and not the problem. He said this on Tuesday while briefing newsmen on the outcome of the first Monetary Policy
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Politics

NASENI

NASENI Assures Nigerians More Locally Produced Tech Products

May 10, 2024
By Adedapo Adesanya The National Agency for Science and Engineering Infrastructure (NASENI) has restated its commitment to enhance production of Nigeria’s branded products, technology transfer domestication, commercialisation and stimulation of indigenous socio-economic advancement. Its Executive Vice Chairman, Mr Khalil Halilu, said this while unveiling NASENI’s branded products at the agency’s quarterly media briefing in Abuja. The new products included car
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Travel

Latest

One Die In Lagos Mudslide

By Dipo Olowookere At least one person has been confirmed dead in a mudslide that occurred in Lagos on Tuesday, September 7, 2016. The unfortunate incident precisely happened at the illegal shanties in Kuata area, near Amara Olu Street, Mechanic Village, Agidingbi
September 7, 2016

NSE Moves 176.77m Shares Worth N1.89b

By NAN Investors on the Nigerian Stock Exchange (NSE) on Tuesday traded a total of 176.77 million shares valued at N1.89 billion exchanged in 3,682 deals, the News Agency of Nigeria (NAN) reports. NAN also reported that this was against the 195.02
September 7, 2016

FG To Borrow N120b From Local Debt Market

By Modupe Gbadeyanka A total of N120 billion (about $387m) would be borrowed by the Federal Government in local-currency denominated bonds at an auction on September 14, 2016, the Debt Management Office (DMO) disclosed on Tuesday. The DMO said it would raise
September 7, 2016

RenMoney Starts School Fees Loans

By Modupe Gbadeyanka As part of its efforts to make parents give their children quality education and be able to pay for school fees without stress, RenMoney MFB Limited has entered into a partnership with schools to make access to school fees
September 7, 2016

NCC May Sanction MTN Again Over SIM Cards Issues

By Dipo Olowookere Top GSM service provider in Nigeria, MTN Nigeria, may soon get another round of sanction from the Nigerian Communications Commission (NCC). On Tuesday, the NCC raided some strategic locations in the Federal Capital Territory (FCT) Abuja, where active preregistered
September 7, 2016

Block Moulders Begin Strike Over Cement Price Hike

By Modupe Gbadeyanka The National Association of Block Moulders of Nigeria has embarked on a 5-day strike due to increase in the prices of cement and other building materials. The group’s leader, Mr Rasco Adebowale, disclosed that the strike action commenced on
September 7, 2016

Diamond Bank Partners FG On Start-Ups Incubation

By Modupe Gbadeyanka Diamond Bank has thrown its weight behind the Federal Government in a renewed drive to unlock the huge creative potential of technology Start-Ups in Nigeria and stimulate massive growth and development in the information technology sector. Business Post learnt
September 7, 2016

NFF Lauds CFA’s ‘Catch Them Young’ Initiative

By Dipo Olowookere The efforts of Promasidor Nigeria Limited, makers of Cowbell milk, Loya Milk, Top tea and other food products, in sponsoring the Cowbell Football Academy (CFA) have been commended by the Nigerian Football Federation (NFF). The CFA is an initiative
September 7, 2016
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