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N180bn debt: EEDC to Disconnect Government Houses, CBN, Army, Others The Enugu Electricity Distribution Company (EEDC) has threatened to begin to disconnect Government Houses, Central Bank of Nigeria (CBN) offices,…
Ecobank, Oando Drive Midday Gain in Nigerian Exchange Nigerian Exchange Equities investors are currently taking positions in Ecobank, Oando and AIICO stocks, thus, shifting key metrics into green zone after…
Veritas Kapital Earns N2.33bn Profit in 2023 Veritas Kapital Assurance Plc. has recorded an increase in its Profit After Tax(PAT) from N193.93 million in year 2022 to N2.33 billion for…
Nigerian US Dollar Bonds Yield Dips as FPIs Appetite Improve The average yield on Nigerian sovereign Eurobonds or the US dollar bonds dipped slightly in the international debt market as…
Naira Rises as Nigeria Receives Foreign Currency Loan The Nigerian naira rose against the US dollar slightly in the foreign exchange market as FX liquidity pressure reduced. Eligible FX demand…
AfreximBank Disburses $925m Oil-Backed Loan to Nigeria The African Export-Import Bank, AfreximBank, has announced an additional disbursement of US$925 million as part of the syndicated US$3.3 billion crude oil-backed prepayment…
Shareholders in Nigeria Can Elect to Receive Dividend in Dollar –Airtel Airtel Africa has announced that it will use a foreign exchange rate of N1,485.99 per US dollar to determine…
NGX Loses N85bn as Investors Take Quick Profit The Nigerian Exchange, NGX, lost about N85 billion on Thursday as equities investors continue to take quick profit from recently rallied stocks.…
Airtel Africa Repurchases 17,386,055 shares in 3-Month Dual listed Airtel Africa said it has repurchased its 17386,055 shares from the London Stock Exchange (LSE) since March 1, when the telecom…
Kano: Customs Generates N50.7bn in May, Tightens Security at Borders The Kano Area Command of the Nigeria Customs Service (NCS), said it generated a total of N50.7 billion in May…