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Bearish run plunges market index further by N46 billion

SEC to regulate yearly general meetings for cost reduction

The Nigerian Stock Exchange (NSE), sustained a bearish run for the third consecutive day, occasioned by price losses in most bellwethers, resulting to a further depreciation in market capitalisation by N46 billion. Specifically, at the close of transactions yesterday, the ...

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Wike alleges oil firms are fuelling insecurity in Rivers

Wike alleges oil firms are fuelling insecurity in Rivers

Fresh crisis looms in Ogoni over planned resumption of oil activities Governor Nyesom Wike of Rivers State has accused multinational oil companies of fuelling insecurity through the award of multi-million naira surveillance jobs to cultists. He said the over-politicisation of ...

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MTN ready for listing, completes share registration with SEC

MTN ready for listing, completes share registration with SEC

MTN Nigeria Communications Plc (MTN) has announced the successfully completion of the registration of 20,354,513,050 ordinary shares of N0.02 each with the Securities and Exchange Commission (SEC). According to a statement by the company, the completion of the process sets ...

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NPA MD Urges Women To Balance Work With Family Obligations

NPA MD Urges Women To Balance Work With Family Obligations

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has advised women to balance work with family life, saying that “a woman needs to know when to draw a line and learn to devote quality time with ...

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CBN, Unity Bank partner on cotton seed

CBN, Unity Bank partner on cotton seed

In line with the commitment to grow the Nigerian economy through the revival of Agriculture as the major economic catalyst, the Central Bank of Nigeria (CBN), in partnership with Unity Bank, and the National Cotton Association of Nigeria (NACOTAN), has flagged off the ...

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Nigerian Breweries targets improved earnings despite N25.8 billion duty

Nigerian Breweries targets improved earnings despite N25.8 billion duty

Nigerian Breweries Plc is confident of a positive financial year despite the challenging operating environment for manufacturing in the country. Indeed, the brewing firm observed that the operating environment in the first quarter (Q1) 2019, remained challenging and similar to ...

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Hurdles to local participation in maritime sector

Hurdles to local participation in maritime sector

Sequel to a projected growth 10 per cent in the nation’s maritime industry over the next two years, expectations are that local participation in shipping will also hit tremendous landmark, going by the recent policies of the Federal Government. Some ...

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APM Terminals Apapa achieves four-year safety record

APM Terminals Apapa achieves four-year safety record

APM Terminals Apapa has attributed the record of zero fatality in its operation in more than four years to strict adherence to standards. The firm, at the commemoration of the 2019 Global Safety Day with the theme, ‘Safety Differently – ...

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NAMA Urges Unions, Associations To Sustain Unity

NAMA Urges Unions, Associations To Sustain Unity  

The Nigerian Airspace Management Agency (NAMA) has urged industrial unions and professional associations to sustain the prevailing industrial harmony in the nation’s aviation sector. It said that industrial harmony could only be sustained through peaceful and meaningful engagement with management. ...

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Over 7, 000 Delayed Flights Recorded Amongst Nigerian Airline In Q1 2019

Over 7, 000 Delayed Flights Recorded Amongst Nigerian Airline In Q1 2019

Domestic airlines operating in Nigeria recorded 7,926 cases of delayed flights between January and March 2019.  The Consumer Protection Department of the Nigerian Civil Aviation Authority (NCAA) made this known in a statement Lagos on Tuesday. The document showed that ...

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We Placed 500 Nigerians Onboard Vessels In Two Weeks –  Dakuku

NIMASA Begins Process To End Gas Emission On Vessels

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside recently had a media parley with the League of Maritime Editors and Publishers (LOMEP). He seized the opportunity to roll out some achievements of the ...

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NNPC, Seplat to boost domestic gas supply with 300MSCF

NNPC, Seplat to boost domestic gas supply with 300MSCF

Domestic gas supply in Nigeria is set to increase by about 300 million standard cubic (MSCF) daily through the Asa North/Ohaji South (ANOH) Gas Processing Company, a partnership between the Nigerian National Petroleum Corporation (NNPC), and Seplat Petroleum Nigeria Limited. With the development, Nigeria could bridge the projected ...

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Finally, SEC receives MTN application to list shares on nation’s bourse

‘MTN still owes N55 billion for SIM infraction, must complete payment May 31’

• ATCON wants other telecoms operators to follow suit South African telecommunications firm, MTN, yesterday moved closer to the planned listing of its shares on the Nigerian Stock Exchange (NSE), by formally submitting an application to that effect with the ...

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Execution of N8.916tr budget under threat

Execution of N8.916tr budget under threat

• Rise in pipeline vandalism may affect revenue • N3b lost daily as Aiteo shuts down Nembe pipeline Barely two weeks after the National Assembly passed the N8.916 trillion budget for 2019, the implementation of the financial plan is already ...

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‘Margin lending will provide liquidity, boost activity in capital market’

‘Margin lending will provide liquidity, boost activity in capital market’

Capital market operators have stated that the review and amendment of rules guiding margin lending will go a long way in providing needed liquidity and boost activity in the capital market. A margin or investment loan is a form of ...

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Market volatility persists as investors’ wealth falls more by 1.8%

Market volatility persists as investors’ wealth falls more by 1.8%

Stock price volatility with mixed trading sessions on the Nigerian Stock Exchange (NSE) hallmarked transactions last week, amid low liquidity, as investors continue to correlate government’s unclear policy direction with market fundamentals. Last week, NSE’s All-Share Index and market capitalisation ...

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EU, Germany move to grow Nigeria’s non-oil sector

EU, Germany move to grow Nigeria’s non-oil sector

The European Union (EU) and German government are to boost activities in Nigeria’s non-oil sector by empowering medium scale enterprises (SMEs) and aiding their access to regional and international markets. The move, being consummated through the Nigeria Competitiveness Project (NICOP), ...

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Peaceful Priscilla

Peaceful Priscilla

Mrs Priscilla Ekwere Eleje is the first female Director of Currency Operations at the Central Bank of Nigeria, CBN. She has also been confirmed as the substantive director of CBN. She is also the first woman to have her signature ...

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A Memory In Crystal Lens

Mrs. Ifeoma Iloh of MMS Plus recently marked her birthday. Enjoy the throwback and memory.

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Theatre of The Absurd in Presidency! Why Buhari Declined Assent To NTC Bill, Again

FEC Approves Fresh $1bn Chinese Loan

*How Navy created monopoly at Lagos ports *NPA describes Navy monopoly as an ‘aberration’ *Wanton Fraud in CRFFN By Kenneth Jukpor In what could be described as a   theatre of the absurd, President Mohammadu Buhari has again declined assent to ...

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