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    Monthly Archives: April, 2020

    Nigeria’s Buhari seeks to cut redundant public agencies with Implementation of Oronsanye Report

    New York, April 30, – President Muhammadu Buhari has approved the implementation of a 2011 report submitted by the presidential committee on restructuring...

    Union Bank records 19% growth for Q1’20

    Union Bank of Nigeria Plc has posted 19 per cent growth in its profit before tax for the first quarter ended March 31 2020. According...

    Bellwether stocks rise as local bourse gains 0.67% on sustained bargain hunting

    as NIBOR Rises for Most Tenor Buckets amid Renewed Liquidity Strain...... The NSE All Share Index (ASI) appreciated by 0.67% to close at 23,021.01 points...

    SA’s MTN asks U.S. court to dismiss anti-terrorism case in Afghanistan

    JOHANNESBURG, April 30 - South Africa’s MTN Group said on Thursday it has asked a U.S. court to dismiss a case filed against...

    Nigeria must show accountability of repatriated $300 mln Abacha loot on public infrastructure or face sanctions, U.S govt insist

    ABUJA, April 30 - Nigeria must use money repatriated from funds looted by former military ruler General Sani Abacha on agreed public projects...

    WeekAheadFX: Naira seen weakened to N500 to US Dollar next week as lockdown ease spurs economic slump

    Lagos Nigeria , April 30 - The Nigerian currency is expected to weaken against the dollar over the next week as the country...

    Global oil demand curve will be slow, contingent as lockdowns eases: IEA’s Birol

    Reduction from non-OPEC+ 'could well be similar' to OPEC+ cuts Demand recovery hinges on easing of restrictions Currently 50% of global energy demand impacted by lockdowns London...

    OPEC April oil output hits 30.25 million bpd as new cut deal starts this Friday

    Saudi Arabia pumps at record rate Iran supply falls more due to coronavirus outbreak New cut takes effect on Friday Output by country: By Alex Lawler LONDON, April 30...

    Uzodinma’s 100 Days in Office: APC Administration of All-Round Failure – ILP

    A socio-political pressure group, Imo League of Patriots - ILP has taken a swipe at the administration of Senator Hope Uzodinma of Imo State,...

    Foreign Investors sell-off holdings in Nigerian equities as local funds takes over shares in DANGCEM, GTBank, Zenith Bank Nestle, MTNN

    ABUJA, April 30 Nigerian funds are switching back to equities from fixed-income securities, hoping for a stock market rebound later this year after...

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