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Nigeria Stock Exchange
Aliko Dangote, the President of Dangote Group, who was ranked Africa’s richest man in the 2019 Forbes Africa’s billionaires list, has remained consistently ahead of the pack for the eighth consecutive year, with a current net worth of $10.3 billion.
“The proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a combination of cash and shares in Access Bank via a Scheme of Merger,” the disclosure, sent to the Nigeria Stock Exchange, said.
President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences (OMLs) belonging to oil and gas firm, Seplat Petroleum Development Company Plc.
The Bureau of Public Enterprises (BPE) has facilitated the first Initial Public Offer (IPO) in four years with the public offering of Skyway Aviation Handling Company (SAHCO) Plc for the sale of 406,074,000 ordinary shares. The public offer opens on Monday, November 12, 2018 and closes on Wednesday, December 19, 2018.
The Nigeria Stock Exchange (NSE) on Wednesday lifted the suspension placed on trading in the shares of Standard Alliance Insurance Plc over non-submission of accounts.
The Federal Government’s economic reforms to attract investments in 2017 and the first quarter of 2018 is said to yield over 83.9 billion dollars.
An Abuja-based investigator of the Economic and Financial Crimes Commission (EFCC), Abubakar Aliu Madaki, has told Justice Mohammed Idris of a Federal High Court in Lagos that enquiries into the sale of shares belonging to Oyo State Government in 2007 are ongoing.
Mrs Zaheera Baba-Ari, the Managing Director, Nigeria Commodity Exchange (NCX), has solicited for “the right policy initiatives” aimed at boosting the country’s non-oil export earnings.
For at least the next three years, popular candy TomTom will play the role of ‘Official Candy of the Super Eagles,’ following a contract agreement publicly presented by chieftains of the Nigeria Football Federation and Cadbury Nigeria PLC in Lagos on Friday.
Seplat Petroleum Development Company Plc, a Nigerian indigenous oil and gas company, listed on both the Nigeria Stock Exchange and London Stock Exchange, has announced that it has successfully refinanced its existing US$300 million revolving credit facility due December 2018 with a new four year US$300 million revolving credit facility due June 2022.
The Muslim Rights Concern (MURIC) on Monday hailed President Muhammadu Buhari’s achievements in the war against corruption and in the agricultural sector.
The Senate of the Federal Republic of Nigeria has expressed great concern over the widespread usage of Bitcoin, a form of Cryptocurrency and other ponzi schemes across the country.
The Ministry of Mines and Steel Development says its aspiration is to build a world class minerals and mining ecosystem to target domestic and export market for minerals and ores.
The Nigerian stock market has continue to react to the positive market fundamentals and improving macroeconomic outlook since the beginning of the year 2018.
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A group under the aegis of the Renaissance Coalition in collaboration with Civil society organisations (CSOs), and other stakeholders in Kano have called for the scrapping of the newly created emirates in the state.
The rain storm in Lagos on Monday resulted in many residents and motorists counting their losses as it caused traffic gridlock and wreaked havoc in many areas, damaging communication masts, electric poles and other infrastructure.
The Federal Government has declared May 29 and June 12 as public holidays to mark the transition to a new government and Democracy Day respectively.
Gov. Darius Ishaku of Taraba on Monday banned the use of polythene and plastic bags in the state to boost clean environment.
Edo State Governor, Mr Godwin Obaseki, has said that the state will ensure its forest belt is preserved as more investors in oil palm, cocoa, rubber plantations set up shop in the state, noting that state will collaborate with relevant stakeholders in the sector on a reforestation programme.
The All Progressives Congress (APC), Oyo State Chapter, has lauded Gov. Abiola Ajimobi for naming some roads and institutions after late former governor, Lam Adesina, and other prominent indigenes..
The Delta State University, Abraka will on Saturday hold its 13th convocation for 4,252 graduating students with 68 of them bagging first class in various academic disciplines.
National secondary exams in Somalia have been cancelled by authorities after papers were leaked on social media platforms, the Minister of Education confirmed late Monday.
Former Arsenal goalkeeper Wojciech Szczesny has paid a glowing tribute to departing Juventus boss Massimiliano Allegri ahead of his final game in charge.
A student of Akwa Ibom State University (AKSU), Ikot Akpaden, has been suspended “indefinitely” from the school for allegedly calling the university vice chancellor ‘foolish’ on Facebook.