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Insurance Sector Grows By 6.2% In Q1 2022
The National Insurance Commission (NAICOM) says the insurance sector recorded a year-on-year growth of 6.2% at the end of March 2022.
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Online Payment Transactions Hit N204.5trn Between January To July 2022
The Nigeria Inter-Bank Settlement Systems (NIBSS) says the country recorded N204.5 trillion online transactions between January and July 2022.
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Bua Cement, 23 Others Drag Stock Market Down By 0.70%
The Nigerian Stock Exchange (NGX) recorded a 0.70% loss on Friday due to a decline in the share prices of BUA Cement and 23 others as investors sold off the stocks to book profit as…
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NNPC Renews Licenses Of Five OMLS After Thirty Years Hiatus
The Nigerian National Petroleum Commission (NNPC) Limited says it has renewed the licenses of five Oil Mining Leases after resolving a 30-year-old conflict with its partners over oil…
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Naira Tumbles To N690/$ At P2P Market As Greenback Scarcity Worsens
The value of the naira on Friday fell to N690 per dollar at the Peer-to-Peer market segment as the country continues to face the scarcity of the greenback.
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Local Stocks Shed N33bn Amid Selloffs Of Blue-Chip
The Nigerian Stock (NGX) Limited recorded a N30 billion loss at the close of trading on Thursday amid selloffs of bellwethers like MTN Nigeria and 14 others.
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FirstBank Marks 2022 International Youth Day, Reiterates Commitment To Youth Empowerment
The First Bank of Nigeria has reiterated its commitment to Youth Empowerment as it marks the 2022 International Youth Day which is being globally celebrated today, 12th August 2022.
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CBN Increases Treasury Bills Rate At Primary Market
The Central Bank of Nigeria on Wednesday increased the treasury bills rate across tenors at the Primary Market Auction.
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Nigeria’s Gross External Reserves Grow By $64m In July
The Central Bank of Nigeria has said the country's external gross reserves increased by $64 million to $39.2bn in July 2022.
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Naira Crashes To N672 Per Dollar At Parallel Market
The value of the naira against the dollar fell to N672 at the parallel market on Thursday.
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Nigeria Now World’s Fourth Most Indebted Country
The International Development Association has ranked Nigeria as the fourth most indebted nation in the world in its latest Borrower's list.
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Ponzi: NDIC Warns Nigerians Against Fraudulent Financial Firms
The Nigeria Deposit Insurance Cooperation (NDIC) has warned Nigerians against patronising illegal and unregistered financial institutions.
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Eterna Plc Makes N4.1bn Gross Profit In H1 2022
Integrated energy provider firm, Eterna Plc, says it recorded a N4.1 billion gross profit in the first half of 2022 and an operating profit of N1.9bn in the same period.
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Dangote Cement, NEM Insurance, Others Lift Stock Market Index By 1.47%
The Nigeria Stock Exchange Limited (NGX) closed higher by 1.47% on Wednesday as buying interest in Dangote Cement, NEM Insurance and 17 others suppressed the losses recorded in the…
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Buhari Reverses Approval Of Seplat’s Acquisition Of Exxon Mobil
President Muhammadu Buhari has reversed his earlier approval of Seplat Energy's acquisition of Exxon Mobil Nigeria subsidiary, Mobil Producing Nigeria Unlimited (MPNU).
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Despite Buhari’s Nod, Seplat-Exxon Mobil $1.28bn Deal Meets Brick Wall
The go-ahead given by President Muhammadu Buhari for the acquisition of Exxon Mobil's Nigerian subsidiary, Mobil Producing Nigeria Unlimited (MPNU), by Seplat Energy has met a brick…
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Naira Slides To N699/$ At P2P, N664/$ At Black Market
The value of the naira against the dollar fell further to N699 per dollar on the Peer-to-peer market segment and N664 at the black market.
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Airtel Secures $125m Loan To Boost Operations
Airtel Africa has secured a $125 million loan from Citi bank to boost operations among its subsidiaries.
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Unlisted Stock Slumps By 0.01%
The NASD Over-The-Counter Securities Exchange witnessed a 0.01% slump at the end of trading on Tuesday.
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Stanbic IBTC To Host 2022 Africa-China Trade Expo
Stanbic IBTC Holdings says it will host the 2022 Africa-China Trade Expo in a bid to advance its efforts to promote trans-regional trade and development between Africa and China.
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