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Daily Archives: April 10, 2019

Selloff persists as stock market plummets further by N2bn

Selloff persists as stock market plummets further by N2bn

The dominance of the bears has continued unabated on the equity sector of the Nigerian Stock Exchange (NSE), even as more blue-chip stocks join the league of losers, resulting to a further slide in market capitalisation by N2billion. Specifically, at ...

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JAIZ Bank posts N834m profits for 2018

JAIZ Bank posts N834m profits for 2018

A premier non-interest bank in Nigeria, Jaiz Bank Plc, has posted a profit after tax of N834 million for the year ended December 31st, 2018 as against N537 million in the corresponding period of 2017, showing a  55 percent growth. ...

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Shippers’ Council Bags 2019 World Bank Ease of Doing Business Award

Nigeria To Protest “War –Risk” Tag At Global Shippers' Forum

In recognition of the immense contribution and support of the Nigerian Shippers’ Council towards driving PEBEC’s overall reform initiatives in 2018, the NSC was adjudged winner of the “World Bank 2019 Doing Business Ranking Award”  category,  while the NSC’s Reform ...

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OPEXA makes case for over N29billion EEG backlog for two years

OPEXA makes case for over N29billion EEG backlog for two years

The Organised Private Sector Exporters Association (OPEXA) has decried the non-implementation of budgetary allocations amounting to N29.28 billion meant for Export Expansion Grant (EEG) in 2017 and 2018. Its Executive Secretary, Jaiyeola Paul Olarewaju, in a statement yesterday in Abuja, ...

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FG Committed To Developing Local Content – Amaechi

FG Committed To Developing Local Content – Amaechi

The Minister of Transportation, Hon. Rotimi Chibuike Ameachi has commended the Management of the Nigerian Ports Authority (NPA) for the establishment of an Ultra-Modern Marine and Harbour Simulation Centre at Dockyard Apapa. The Transport Minister who said this while addressing ...

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Oil prices to steady at $72.50 in Q2 on cuts, U.S. sanctions

Oil prices to steady at $72.50 in Q2 on cuts, U.S. sanctions

Goldman Sachs has adjusted its second quarter (Q2) 2019 Brent oil price forecast upwards by 11.5 per cent from $65/barrel to $72.50/b to reflect stronger assumptions on OPEC output cuts, further tightening of U.S. oil sanctions on Venezuela, and Iran, ...

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