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Business

Dangote Sugar stocks

Dangote Sugar, 29 Others Constipate NGX by 0.49%

March 26, 2024
By Dipo Olowookere Customs Street was down by 0.49 per cent on Monday after investor sentiment turned bearish following profit-taking ahead of rate-setting announcement later today. The Nigerian Exchange (NGX) Limited came under selling pressure yesterday as traders anticipate a slight hike in the Monetary Policy Rate (MPR) to keep hot money flowing into the country to continue to strengthen
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Geopolitical Tensions

Nigeria’s Economy to Gain as Brent Nears $87 on Geopolitical Tensions

March 26, 2024
By Adedapo Adesanya The outlook of Nigeria’s economic outlook brightened on Monday after Brent crude oil closed near $87 per barrel amid geopolitical tensions and tight supply. Yesterday, prices soared as Russia’s war on Ukraine increasingly focused on attacks on energy installations and the United Nations authoritatively called for a ceasefire in the Israel-Gaza conflict. Business Post reports that Brent
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Interest Rates

Analysts Predict Interest Rate Hike to 24.75% by CBN Today

March 26, 2024
By Dipo Olowookere The Central Bank of Nigeria (CBN), through its Monetary Policy Committee (MPC), will likely increase the Monetary Policy Rate (MPR), also known as the anchor interest rate, by 200 basis points or 2.00 per cent to 24.75 per cent today, Tuesday, March 26, 2024. This was the projection of analysts at Meristem Research in a note obtained
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materials to print more Naira notes

Naira Appreciates to N1,408/$1 at NAFEM, N1,410 at Parallel Market

March 26, 2024
By Adedapo Adesanya The Nigerian Naira continued to gain ground against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) and the parallel market segments of the foreign exchange (FX) market. In the official market, the Nigerian Naira gained 1.6 per cent or N23.45 against the greenback yesterday to sell at N1,408.04/$1 compared with the preceding session’s N1,431.49/$1,
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Aradel Holdings

Aradel Holdings Lifts NASD OTC Bourse by 0.30%

March 26, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange continued to rise as the bourse recorded a 0.30 per cent appreciation, spurred by the gain recorded by Aradel Holdings Plc, on Monday, March 25. The market capitalisation of the bourse gained N4.35 million during the session to close at N1.468 trillion compared with the previous trading session’s N1.464 trillion, and
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Politics

Afreximbank

Afreximbank Records Improvement in Operating Efficiency in Q1 2024

May 20, 2024
By Adedapo Adesanya The African Export-Import Bank (Afreximbank) has released its consolidated financial statements for the first three months of 2024, recording growth in the face of challenging geopolitical and macroeconomic conditions. According to a statement, the Cairo-based lender demonstrated year-on-year growth and improvement in operating efficiency, with a lower cost-to-income ratio of 14.5 per cent in Q1 2024 compared
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Travel

Latest

FCMB Gives Braille Machines To The Blind

  No fewer than 15 Braille machines were donated by First City Monument Bank (FCMB) Limited to the Federal Nigeria Society for the Blind (FNSB) at its Vocational Training Centre (VCT) located at Oshodi, Lagos State. The Braille machines (comparable to a
August 19, 2016

National Peace Committee Seeks More Support For Govt.

The National Peace Committee has urged Nigerians to give maximum support to government at all levels. Chairman of the committee and former Nigerian Head of State, General Abdulsalam Abubakar (Rtd) stated this in an interview with Journalists, after paying a visit to
August 19, 2016

UN To Assess Nigeria’s IDP Situation

The United Nations Special Rapporteur on Internally Displaced Persons, Mr Chaloka Beyani, will visit Nigeria on Tuesday, next week, to examine the human rights situation of those forced from their homes due to the insurgency in the North east. Mr Beyani said
August 19, 2016

Nigeria To Develop National Irrigation Programme

The Ministry of Water Resources has disclosed its readiness to develop and implement a National Irrigation Programme to boost food production, food security and create jobs in the country. This is aimed at repositioning the water sector; with the objective of enabling
August 19, 2016

ADVAN Awards For Marketing Excellence Holds October 29

In line with its tradition of bolstering Nigeria’s marketing industry using innovative platforms, the Advertisers Association of Nigeria (ADVAN), the umbrella body for all advertisers in Nigeria is set again this year to bring together industry stakeholders and supporters to celebrate marketing
August 19, 2016

Spectranet Reintroduces N7000 Data Plan

One of the leading internet service providers in Nigeria, Spectranet, has reintroduced its N7,000 data package. Few months ago, the company hiked its N7000 data plan to N10,000 after it introduced the unified tariff plan, which affords all Spectranet subscribers across the
August 19, 2016

FG Tasked On Economic Diversification

The Nigerian government has been challenged to be serious with its plan explore other areas of earning revenue for the country rather than oil alone. The government was advised to fast track the diversification of the economy with agriculture and solid minerals
August 19, 2016

Total Group Educates Nigerians On Disease Prevention

Thursday, July 21, 2016, will forever remain memorable to the people of Delta State. It was a day Total Nigeria launched an educational project on HIV/AIDS, Tuberculoses and Malaria. Residents of Asaba, the state capital, were overjoyed for this initiative, which they described
August 19, 2016

Women Of Rubies Plans Empowerment Workshop

An online inspirational magazine reputed for capacity building, Women of Rubies, has concluded plans to empower some women in the grassroots. The publication, which runs a weekly column on Guardian newspaper, says it is providing a platform for women in the society
August 19, 2016
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