South African stocks in demand after Zuma quits, rand soars

South African stocks in demand after Zuma quits, rand soars

South African stocks index rose as much as five per cent on Thursday, putting the main index on track for its biggest one-day gain in more than three years. The currency remained on the front foot, soaring to its firmest since early 2015, in the wake of Zuma’s exit. Analysts have, however, warned the rallyRead More The post South African stocks i...
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Blue chips record price rally on NSE, indices up by 1.03%

Blue chips record price rally on NSE, indices up by 1.03%

Some blue chips maintained upward movement on the Nigerian Stock Exchange ( NSE ) on Thursday with Nigerian Breweries leading the gainers’ chart. Nigerian Breweries led gainers’ table with a gain of N2.40 to close at N131.40 per share. Dangote Cement follo...
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FIRS seals two companies over N8bn tax debt in Delta, Edo

FIRS seals two companies over N8bn tax debt in Delta, Edo

Officials of the Federal Inland Revenue Service ( FIRS ) on Wednesday sealed two companies in Delta and Edo over N8 billion tax debt. The Leader of the enforcement team, Mrs Anita Erinne, said the companies were sealed over failure to remit over N8 billion tax...
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CBN spends N55bn to improve local food production

CBN spends N55bn to improve local food production

The Central Bank of Nigeria ( CBN ), says it has disbursed N55 billion to more than 250,000 farmers within two years of implementation of the Anchor Borrowers Programme ( ABP ). The Acting-Director, Corporate Communications Department, CBN, Isaac Okorafor conf...
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NSE loses N370bn on Tuesday

NSE loses N370bn on Tuesday

The Nigerian Stock Exchange ( NSE ) on Tuesday sustained seven-day falling streak with the market capitalisation shedding N370 billion in one day. The market capitalisation lost N370 billion or 2.41 per cent to close at N14.967 trillion against N15.337 trillio...
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FAAN records 68% revenue increase from automation of MMIA car park

The Federal Airport Authority of Nigeria ( FAAN ) says monthly revenue has gone up by 68 per cent following the introduction of automated operation at the new car park at the Murtala Muhammed Airport ( MMIA ), Lagos. Mrs Henrietta Yakubu, General Manager, Corp...
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Union shuts operations of Newrest Aviation Services at airport

Union shuts operations of Newrest Aviation Services at airport

The National Union of Air Transport Employees ( NUATE ) has for the second consecutive day shut down the operations of Newrest Aviation Services Limited at the Murtala Muhammed International Airport, Lagos. The General Secretary of NUATE, Mr Olayinka Abioye, s...
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Why youths can’t be President in Nigeria – Buhari’s aide, Sagay

Why youths can’t be President in Nigeria – Buhari’s aide, Sagay

Itse Sagay, Chairman of the of the Presidential Advisory Committee against Corruption (PACAC), has dismissed calls that youths will perform better than older people if given the opportunity to become President of Nigeria. Sagaya warned that Nigeria may regret ...
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Foreign exchange market gets CBN ’s $210m boost

Foreign exchange market gets CBN ’s $210m boost

The inter-bank Foreign Exchange Market has received 210 million dollars from Central Bank of Nigeria ( CBN ) to meet customers’ requests in various segments of the market. The CBN acting Director, Corporate Communications, Mr Isaac Okorafor, said 100 million...
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What Obasanjo wants to do to Nigeria – APC chieftain, Idahosa

Charles Idahosa, a former Special Adviser on Political Matters to ex-Edo state governor, Adams Oshiomole has described former President Olusegun Obasanjo as a “coward” who wants to rule Nigeria indirectly. The chieftain of the All Progressives Cong...
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