Nigeria’s falling inflation contradicts market reality, says FDC
The drop in inflation rate in May for the second straight month contradicts market reality, analysts at Financial Derivatives Company
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Mutual Benefits posts 34% increase in annual profit
Mutual Benefits Assurance Plc has reported a profit before tax of N5.04 billion for the financial year 2020, up 34
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Sheraton Hotel Lagos not affected by tanker explosion – Ikeja Hotel
Ikeja Hotel Plc has said the tanker explosion that occurred on Thursday did not affect Sheraton Hotel Lagos facilities. The
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Custodian Investment offers to buy shares from UPDC’s shareholders
Custodian Investment Plc has offered to acquire over 34 million shares from the minority shareholders of UPDC Plc. Custodian Investment
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Naira wobbles, weakens again to 498 against dollar
The Nigerian currency weakened again at the parallel market on Friday after recording gains against the dollar in two consecutive
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Lafarge Africa redeems N33.6bn bond
Lafarge Africa has announced the redemption of its matured N33.6 billion bond due on June 15, 2021. The company said
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Capital Hotels agrees to sell 51% stake to 11Plc
The board of directors of Capital Hotels Plc has agreed to sell 51 percent stake in the company to 11
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IMF raises concern over return of fuel subsidy in Nigeria
The International Monetary Fund has expressed concern over the resurfacing of fuel subsidies in Nigeria. The Nigerian government had in
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Dangote Cement issues N50bn bonds, to be listed on NGX, FMDQ Exchange
Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of N50 billion Series 1 Fixed Rate Senior
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Ardova to acquire 100% stake in Enyo
Ardova Plc, formerly Forte Oil Plc, says it has reached an agreement with Enyo Retail and Supply Holding Limited to
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