Germany, Nigeria trade volume falls to €3.5bn

Germany, Nigeria trade volume falls to €3.5bn

The German Ambassador to Nigeria, Dr Bernhard Schlagheck, disclosed in Abuja on Monday that the volume of trade between Nigeria and Germany shrank to €3.5bn in 2016. Schlagheck said in an interview that the trade volume dropped by about €2.5bn from €6bn recorded in 2015. The envoy blamed the fall on the economic downturn in Nigeria, […...
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MTN, Airtel among 16 firms ‘bidding to acquire 9mobile’

MTN, Airtel among 16 firms ‘bidding to acquire 9mobile’

Sixteen firms have launched a bid to acquire 9mobile, Nigeria’s fourth largest network operator, according to ThisDay. In July, Etisalat Group disclosed on the Abu Dhabi Stock Exchange that it had The post MTN, Airtel among 16 firms ‘bidding to acquir...
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JUST IN: NSE partially lifts suspension on Oando’s shares

JUST IN: NSE partially lifts suspension on Oando’s shares

The Nigerian Stock Exchange (NSE) says it has partially lifted the suspension placed on shares belonging to Oando Plc. In a notice signed by Tinuade Awe, general counsel, head of The post JUST IN: NSE partially lifts suspension on Oando’s...
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Nigeria still suffering from Malabu scandal, says Osinbajo

Nigeria still suffering from Malabu scandal, says Osinbajo

Vice-President Yemi Osinbajo says Nigeria is still suffering the consequences of the lack of transparency involved in the award of OPL 245 to Malabu Oil and Gas Ltd in 1998.  The post Nigeria still suffering from Malabu scandal, says Osinbajo...
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Edo Govt To Unveil Economic Plan At Alaghodaro Summit

Edo Govt To Unveil Economic Plan At Alaghodaro Summit

The Edo State Government is set to unveil an economic blueprint fashioned after the Economic Growth and Recovery Plan (EGRP) of the Federal Government at the Alaghodaro Investment Summit. According to the government, the 168-page EGRP document covers years 201...
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Lapo MfB disburses N89.6bn loan in 8 months

Lapo MfB disburses N89.6bn loan in 8 months

LAPO Microfinance Bank, a subsidiary of the Lift Above Poverty Organisation (LAPO), has disbursed N89.6 billion as loan from January to August 2017 via 447 branches in 29 states and the Federal Capital Territory, ABUJA, as part of effort to grow micro and smal...
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Lloyd’s records 16% fall in 2017 Q1 profits

Lloyd’s records 16% fall in 2017 Q1 profits

LLOYD’S of London has reported a 16 percent fall in profit to £1.22 billion for first half of 2017. However, Lloyd’s also reported a 16 percent increase in gross written premiums, an improved combined ratio, and a 78 percent improvement in the underwritin...
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Nigeria, African markets remain business haven to foreign reinsurers

Nigeria, African markets remain business haven to foreign reinsurers

Despite the headwinds of currency volatility and inflationary strains in Nigeria and other countries in the continent’s insurance business, foreign reinsurers are falling over themselves to get business from the African markets. The post Nigeria, African mar...
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Lafarge rebounds to profitability, to list N25bn commercial paper this month

LAFARGE Africa Plc has returned to profitability and has concluded plans to issue N25billion in Commercial Papers from a ¦ 60billion programme in October and list on the Financial Market Derivative Quote, FMDQ OTC Exchange platform. The post Lafarge rebounds ...
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Scarcity of funds to persist as DMO issues N100bn bond

Scarcity of funds to persist as DMO issues N100bn bond

THE intense scarcity of funds that  gripped the interbank money market last week will persist this week as the Debt Management Office (DMO) issues N100 billion worth of FGN Bond. The post Scarcity of funds to persist as DMO issues N100bn bond appeared first o...
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