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Investors’ Bearish Sentiment Dips NGX Cap By N518Bn

Investors’ bearish sentiment dominated trading sessions in the Nigerian Exchange on Friday, thereby causing the local bourse to close the week’s trading with remarkable deprecation in most listed stocks’ values. At the end of the trading session, the All-Share Index (ASI) traded 1.39% lower to close at 67,324.59 index points compared to the 68,271.14 index […]

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Fuel Subsidy Hardships: Infrastructure Bank To Spend N13Bn On Roads, Others

Nigeria’s Infrastructure Bank has promised to provide financial assistance to the tune of N13 billion to mitigate the consequences of the fuel subsidy removal on Nigerians, especially the poor. Specifically, the bank disclosed that the sum would be used to enhance the nation’s transportation system, particularly the road infrastructure. The bank’s Acting Managing Director, Nkiru […]

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NGX Closes Bearish, As Investors Lose N35Bn

The Nigerian Exchange (NGX) closed negative at the end of Thursday’s trading, leading to investors’ loss of N35 billion despite the growth in the volume of traded stocks. Available data from the Nigerian Exchange Limited (NGX) on the trading trend showed that the All-Share Index (ASI) traded 0.09% lower to close at 68,271.14 index points […]

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Tinubu Reiterates Nigeria’s Investment Opportunities At NASDAQ

President Bola Tinubu has advised foreign investors to explore for good returns the opportunities in the Nigerian economy through investments. Tinubu made the appeal on Wednesday in New York, when he rang the NASDAQ’s closing bell as part of the proceedings at the Executive Business Dialogue in the United States. Speaking at the event, the […]

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Nigerian Autotech Startup Raises $1.9Mn In Pre-Seed Round

As scores of financial technology (Fintech) start-ups in Nigeria continue to rev up their capitalization drive for improved operational presence in Africa’s economies, Fixit45, an Autotech startup, has raised $1.9 million in equity and working capital targeted at expanding its operations to East Africa. Information on the firm’s funding initiative indicated that the pre-seed round […]

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Denmark Assures New Investments In Nigeria’s Renewable Energy

The Ambassador of Denmark to Nigeria, Mr Sune Krogstrup, has expressed his country’s readiness to increase investment and provide support for Nigeria’s efforts in developing its renewable energy sector. The Ambassador, who made the promise during an interview with the News Agency of Nigeria (NAN) in Abuja, spoke on Denmark’s roles in the global renewable […]

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Nigeria’s Equities Market Opens Bullish, As Investors Gain N264Bn

The Nigerian Exchange (NGX) opened its trading session on Monday in bullish momentum as investors gained N24 billion at the end of the trading session. The All-Share Index (ASI) traded 0.71% higher to close at 67,877.17 index points as against 67,395.74 index points recorded in the previous day’s trading session. Similarly, the local bourse’s market […]

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NDIC To Pay Depositors Of Defunct Peak Merchant Bank

The Nigeria Deposit Insurance Corporation (NDIC), has alerted depositors and ex-staff (deposits) of defunct Peak Merchant Bank of its preparations to pay their first liquidation dividend. A press statement signed by the corporation’s Director, Communication and Public Affairs, Bashir Nuhu, indicated all affected depositors of the bank and former employees with deposits in the bank […]

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Investment Analysts Forecast Dovish Trend In Equities Market

Investment researchers at Bancorp Securities Limited, one of the leading investment research and consulting services providers in Nigeria, on Monday forecasted a flattish return on Nigerian Exchange broad performance this week as investors begin to position early in anticipation of the outcome of the Central Bank of Nigeria (CBN) Monetary Policy Committee’s meeting scheduled for […]

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NCC Fast-Tracking Drive Towards 70% Broadband Penetration Target – Danbatta

  ….Highlights Achievements So Far In Kano  The national target to achieve 70% broadband penetration by 2025 is receiving renewed attention from the Nigerian Communications Commission (NCC), which promises 50 per cent before the end of 2023, the commission’s Executive Vice Chairman (EVC), Prof. Umar Danbatta, has assured. The promise was one of the highlights […]