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nigeria buisness news

  1. Nigeria Business News

    Business Coronavirus: FG shut down Panda Supermarket in Abuja – TobiVibes

    Considering the recent spread of Coronavirus across the world, the Federal Government has now shut down Panda Supermarket in Abuja. According to the Federal Competition and Consumer Protection Commission (FCCPC), the store was closed after seafood and animals imported illegally from China was...
  2. Nigeria Business News

    Business Why 64m of Nigeria’s working class cannot buy affordable housing if available – Businessday

    Out of the 69.54 million Nigerians reported by the National Bureau of Statistics (NBS) to have been gainfully employed as at third quarter of 2018, only 5 million of the total number earn a salary of N3 million and above per year, as compiled from data by Graeme Blaque Group, a Lagos-based...
  3. Nigeria Business News

    Business Stock Market Loses N12 Billion – Nairaland

    Losses in ACCESS (-2.7%), FBNH (-2.2%) and GUARANTY (-9.1%) have seen market capitalisation fell N12.0bn to N12.9trn at the close of trading on the floor of the Nigerian Stock Exchange (NSE) yesterday. Consequently, the development dragged the All-Share Index (ASI) down 9bps to 26,913.70...
  4. Nigeria Business News

    Business Nigeria Foreign reserves fall by $1.26bn in four weeks – Naijabizcom

    Nigeria’s foreign reserves fell by $1.26bn from $41.76bn in October 2 to $40.5bn as of the end of October 30, according to figures from the Central Bank of Nigeria on Thursday. The reserves which had continued to shed in recent months dropped by $482.18m from N45.14bn as of July … Read more...
  5. Nigeria Business News

    Business Nigeria’s crude oil export threatened over Nembe line closure – The Guardian Nigeria News

    Export of Nigeria’s Bonny Light crude has been under force majeure since Friday, following the closure of the Nembe Creek Trunk Line (NCTL), the terminal operator, Shell, said yesterday. The force majeure has been in place since Friday morning, following “the … Read more via The Guardian...
  6. Nigeria Business News

    Business Access Bank lists N15bn Green Bond on FMDQ, NSE platforms – Vanguard News Nigeria

    Access Bank Plc on Monday listed the N15 billion a fully certified Green Bond on the FMDQ OTC Securities Exchange and the Nigerian Stock Exchange (NSE). The dual listing followed the formal approval of the bond by the Securities and Exchange Commission.... Read more via Vanguard News...
  7. Nigeria Business News

    Business Dangote Cement records N390bn FY ’2018 PAT – Newtelegraph

    Dangote Cement Plc. has reported a profit after tax of N390.32 billion for the financial year ended December 31, 2018, in contrast to N204.25 billion posted in 2017, representing an increase of 91.10 per cent. This is just as the cement firm … Read more via Newtelegraph –...
  8. Nigeria Business News

    Business Samsung’s investment in Nigeria’s oil & gas sector revealed – Nairametrics

    Over $400 million has been invested into Nigeria’s oil & gas sector by Global shipbuilding firm, Samsung Heavy Industries (SHI). The commitment by Samsung Heavy Industries is said to be tax revenue and investment. This investment has been ongoing since the company was awarded the contract to...
  9. Nigeria Business News

    Business Sterling Bank powers W’Africa’s largest food festival – Newtelegraph

    Sterling Bank has promised to light up Lagos this festive season, as it brings together the best of African and international cuisine and mixology at the critically acclaimed #EatDrinkFestival. The new two-day event format, according to a statement from the bank, has been scheduled for...
  10. Nigeria Business News

    Business Bears to sustain hold on equities, as investors lose N286bn – Vanguard News Nigeria

    The bears resurfaced last week after three consecutive weeks of bullish run with market operators and investment analysts saying that the bears will sustain their hold this week, even as investors already lost N286 billion.... Read more via Vanguard News Nigeria – https://ift.tt/2SKZbvF Get...
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    Business Nigerian govt sells stake in security printing firm to CBN for N17 billion – Premium Times Nigeria

    The Federal Government says the sale of 21 per cent of its equity in the Nigerian Security Printing & Minting (NSPM) Plc to the Central Bank of Nigeria (CBN) will yield about N17 billion. The Director General of the Bureau of Public Enterprises (BPE), Alex … Read more via Premium Times...
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    Business Hefty, questionable taxes stunting telephony expansion – The Guardian Nigeria Newspaper

    Telecom In the last 15 years, the number of mobile telephone connections in sub-Saharan Africa (SSA) has increased by nearly 10 folds, consequently, over 444 million people in the region are now covered by mobile phone networks. Last year, reports claimed that … Read more via The Guardian...
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    Business Only 49% of Nigerians have bank accounts, says report – The Guardian Nigeria Newspaper

    Banking hall Latest report from the Lagos Business School (LBS), has revealed that 49 per cent of Nigerians have viable bank accounts thus making the country’s financial inclusion efforts move at a slow pace. Besides, the report also identified broad community … Read more via The Guardian...
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    Business CBN, NIBSS Set to Bring BVN Enrollment to 774 LGAs – NaijaBizCom.Com

    As part of efforts to aggressively accelerate financial inclusion in the country, the Central Bank of Nigeria (CBN), the Nigeria Interbank Settlement System (NIBSS), commercial banks and mobile operators are currently working on modalities to take the Bank Verification Number (BVN) enrolment to...
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    Business FMBN adopts rent-to-own housing scheme for NHF contributors – The Guardian Nigeria Newspaper

    In a renewed effort to make homeownership more accessible and affordable for Nigerian workers, Federal Mortgage Bank of Nigeria (FMBN) has kick-started the implementation of … Read more via The Guardian Nigeria Newspaper – Nigeria and World News – https://ift.tt/2nz8Xmk Get more: Nigeria...
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