Says: We‘re guided by SEC on ownership Retains MPR rate at 11.5% Expresses optimism for bumper harvest The Central Bank of Nigeria (CBN) has said that it would be guided by the decision of the Securities and Exchange Commission (SEC) on the ownership structure of FBN Holdings Plc, the parent company of First Bank Plc. […]
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Ecobank Nigeria Limited on Tuesday placed a caveat on any share of Honeywell Group Limited following media reports on a move by Flour Mills Nigeria PLC to acquire 71.69 per cent of Honeywell Group Limited. It warned off prospective buyers on the ground that Honeywell Group Limited is allegedly hugely indebted to the bank, adding […]
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Coca-Cola Photo: AFP The Vice President, Prof Yemi Osinbajo, has commended the commitment of the Coca-Cola group to Nigeria’s economy. He gave the commendation in Lagos on Monday during the 70th Anniversary Gala Dinner of the Coca-Cola System in Nigeria. He said that the company had made repeated investments in Nigeria in the building of […]
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The naira was trading at N545 to the dollar on the parallel market at the weekend, maintaining its strongest level since early September 2021. The local currency exchanges at N411.59 to the dollar at the official market. The naira stability was triggered by drop in dollar demand by importers and other forex users who are […]
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Inflation Photo: triloks / Getty Images Nigeria’s headline inflation declined for the seventh consecutive month to 15.99 per cent in October, Mr Simon Harry, the Statistician-General of the Federation has said. He said this on Monday in Abuja at a media conference while presenting the October Consumer Price Index (CPI). According to Harry, the headline […]
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Heavy transactions in the shares of some companies, especially FBN Holdings (FBNH), Sterling Bank, and UACN Plc last week, lifted the volume of shares traded, as a turnover of 1.471 billion shares worth N20.9 billion were recorded in 20,410 deals by investors on the floor of the exchange. A breakdown of activities on the Nigerian […]
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President Muhammadu Buhari has said zero importation of wheat into the country will be his legacy when he leaves office in 2023. He spoke at the inauguration of the Brown Revolution of Wheat at Miango, Bassa Local Government of Plateau State recently. He also disclosed the Federal Government was committed to continued support for the […]
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Nigeria and 44 nations have pledged to invest in sustainable farming to protect nature. Also, 95 high-profile companies have committed to being ‘nature positive,’ and have agreed to work towards halting and reversing the decline of nature by 2030. The Press and Public Affairs Officer, Foreign Commonwealth and Development Office, Ndidiamaka Eze, in a statement, […]
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GAC Motor Photo: GAC Motor.com.ng The 21st Abuja International Motor Fair is poised to hold in Nigeria’s capital – at the International Conference Centre Annex Garki, Abuja, from the 15th to 20th of November, 2021; welcoming all car lovers and automobile industry players in Nigeria. GAC Motor will inaugurate its presence at Nigeria’s most consistent […]
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Nigerian Breweries Plc [NB] has pledged to remain focused in meeting consumer needs even as the giant brewery invests N55 billion in capital projects and N78 billion in local raw materials. Disclosing this recently in a media parley to commemorate the brewery’s 75th anniversary which commenced at the weekend, Mrs. Shade Morgan, the company’s Corporate […]
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