Business Update

The stock market closed on a negative note on Wednesday as performance indices declined by 0.18 per cent due to selling pressure in large capitalised stocks. Specifically, the…
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The Nigeria Deposit Insurance Corporation has announced plans to pay the first tranche of liquidation dividends to depositors of Heritage Bank, whose operating licence was revoked…
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· Commends UBA’s Role in Facilitating Africa’s Development, The President of the African Development Bank (AfDB) Group, Dr Akinwumi Adesina, Wednesday, stated that building bridges…
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As part of its Corporate Social Responsibility (CSR) initiatives, leading financial institution, Fidelity Bank Plc, recently donated food packs to Federal Capital Territory (FCT) Abuja…
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The Area Controller, Tin Can Island Port Command of the Nigeria Customs Service (NCS), Comptroller Frank Onyeka, said the command generated N347.9 billion in the first quarter of…
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TotalEnergies Marketing Nigeria Plc says it generated N27 billion as profit for the financial year ended Dec. 31, 2025. This is 133 per cent surge from N12 billion recorded in…
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The World Bank has approved over N13.21 trillion ($8billion) as loans for different development projects for President Bola Ahmed Tinubu-led federal government in the last 20…
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Nigerian billionaire and philanthropist Tony Elumelu has been appointed to the International Monetary Fund’s (IMF) Advisory Council on Entrepreneurship and Growth, a new…
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A stock broker, Mr David Adonri, says the anticipated listing of the Nigerian National Petroleum Company (NNPC Ltd.) on the Nigerian Exchange Ltd. (NGX) will unlock global capital…
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Guaranty Trust Bank (GTBank), a subsidiary of Guaranty Trust Holding Company (GTCO) has been hit with a total fine of N1.7bn for foreign exchange (FX) violations and consumer…
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