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STOCK MARKET REPORT FOR 19TH OF OCTOBER, 2018

A total turnover of 1.380 billion shares worth N15.149 billion in 13,478 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 915.856 million shares [...]

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NNPC, OTHERS SILENT OVER UNITED STATES COURT’S $6.59 BILLION GAS CONTRACT FINE

The Ministry of Petroleum Resources, the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC), are yet to take a position after a United States court [...]

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JAPAN ORDERS FACEBOOK TO IMPROVE DATA PROTECTION

The Japanese government on Monday ordered Facebook to improve the protection of users’ personal information following data breaches affecting tens of millions of people worldwide. Facebook said [...]

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NAIRA DOWN TO N360.5/$ IN PARALLEL MARKET

The Naira, yesterday, depreciated to N360.5 per Dollar in the parallel market. Naira According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators [...]

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COMMODITIES MARKET YET TO BE FULLY TAPPED – SEC

The Securities and Exchange Commission has said the nation’s commodities market’s potential is yet to be fully harnessed for the country to enjoy the benefits therein. The acting Director [...]

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AGRIC SECTOR LOSES N20BN ANNUALLY DUE TO LACK OF INSURANCE COVER

Nigeria’s agricultural   sector losses about N20 billion annually due to failure of insurance companies to create products to cover small farmers. Stakeholders in the agriculture sector stated [...]

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INDICES TURN POSITIVE OVER IMPROVED Q3 RESULTS

Improved third quarter (Q3) earnings recorded by some listed companies on the equity sector of the Nigerian Stock Exchange (NSE), buoyed transactions last week, as the market capitalisation and [...]

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ELECTRONIC PAYMENT FRAUD REDUCING IN NIGERIA – NEFF

The Nigeria Electronic Fraud Forum has said electronic payment fraud is decreasing in the country as a result of steps taken by it. The Chairman, NeFF, and Director, Banking and Payments System, [...]

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DRIVING FINANCIAL INCLUSION USING ARTIFICIAL INTELLIGENCE

Artificial Intelligence tools are rapidly changing how financial institutions operate, manage data, and interact with customers. The revolution brought by the AI – a blend of three advanced [...]

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DANGOTE REFINERY’LL BOOST DOWNSTREAM OIL SECTOR, SAYS LCCI

The Lagos Chamber of Commerce and Industry has said the Dangote Group’s oil refining and petrochemical project will lead to the transformation of the downstream sector of the nation’s oil and gas [...]