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Indonesia-African Forum to Attract FDIs as Trade with Nigeria Hits $2.5b

The International Trade Promotion Center (ITPC) Lagos has stated that the trade volume between Nigeria and Indonesia hit over $2.5 Billion in 2016. The Director, ITPC, Bagus Wicaksena, noted the [...]

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Lagos-Kano Economic Summit Holds February 28

President Muhammadu Buhari has been listed as one of the dignitaries to discuss strategic importance of collaboration among key institutions for National development at the first Lagos-Kano [...]

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Consumption tax: LIRS Plans Automated Collection from Hotels, others

The Lagos Internal Revenue Service will commence an automated collection of consumption Tax from Hotels, Restaurants, nightclubs and event centres in Lagos State. In a statement signed on Tuesday [...]

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Ikeja Computer Village Generates N1.5bn Daily –CAPDAN

The President, Computer and Allied Products Dealers Association of Nigeria, Mr. Ojikutu Adeniyi, has said members of group make total daily revenue of N1.5Bn. He spoke on Monday in a telephone [...]

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Naira Closes at 363/Dollar as CBN sells $536m

The Naira closed at 363 per United States Dollar at the parallel market on Monday despite the sale of the sum of $536m on Friday and Monday by the Central Bank of Nigeria. The Naira closed at [...]

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Stock Market in Seven-day Fall, Investors Lose N370Bn

The Nigerian stock market declined by N370Bn in one session on Tuesday, continuing on a free fall for seven straight sessions. The Nigerian Stock Exchange All-Share Index slid by 2.4 per cent to [...]

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Stocks on Losing Spree, Hit one-Month Low

Trading on the floor of the Nigerian Stock Exchange extended losses into the sixth consecutive session as sustained profit taking by investors dragged the market further to a one-month low [...]

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SEC Estimates Total Amount of Unclaimed Dividend at N103 Billion

The Securities and Exchange Commission (SEC) has again stressed the need for capital market Investors to enrol in the e-dividend registration platform and stem the rising figure of unclaimed [...]

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NSE Tightens Control on Block Divestment, Large Trades

The Nigerian Stock Exchange (NSE) will today begin the implementation of new rules that give market authorities greater surveillance and control over block divestment and voluminous deals. This [...]

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STOCK MARKET REPORT FOR FEBRUARY 9TH, 2018

A total turnover of 4.426 Billion shares worth N24.236 Billion in 29,573 deals were traded this week by Investors on the floor of the Exchange in contrast to a total of 3.268 billion shares [...]

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