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STOCK MARKET REPORT FOR AUGUST 28TH 2020

A total turnover of 1.072 billion shares worth N7.384 billion in 16,684 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 950.414 million shares [...]

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We Are injecting N600bn Into Agriculture – FG

The Federal Government has resolved to inject over N600bn as stimulus response into Nigeria’s agricultural sector, the Minister of Agriculture and Rural Development, Sabo Nanono, has said. Nanono [...]

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Foreign Reserves Rise By $70m In One Week

The country’s foreign reserves rose by $70m from $35.59bn as of August 20 to $35.66bn on August 27, the latest figures from the Central Bank of Nigeria have shown. The reserves had earlier [...]

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Filling Stations Will Dispense Gas In Vehicles From September — FG

The dispensing of autogas into automobiles through selected filling stations across the country will commence by the end of September, the Federal Government has said. It was gathered that [...]

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FG Constructing, Rehabilitating 40 Major Bridges –Fashola

The Federal Government is constructing, repairing and rehabilitating a total of 40 major bridges across the country, the Minister of Works and Housing, Babatunde Fashola, has said. Fashola, who [...]

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We Spent N5.3bn On Petrol Subsidy In June – NNPC

Latest figures from the Nigerian National Petroleum Corporation have shown that the oil firm made an under-recovery of N5.348bn in June this year. Under-recovery is the losses incurred by the oil [...]

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Lagos Seals 27 Illegal Buildings In Lekki

The Lagos State Government on Friday sealed 27 illegal and unapproved residential and commercial buildings in Lekki. The Commissioner for Physical Planning and Urban Development, Dr Idris Salako, [...]

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Second Recession In Four Years Looms, Says FG

The Federal Government has said it is likely that Nigeria will slide into another recession in the Third Quarter of 2020, making it the second time within four years. The government said the [...]

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FERMA Begins Lagos, Lokoja-Abuja Roads’ Repairs

The Federal Roads Maintenance Agency on Thursday announced that it had commenced palliative maintenance repairs on some major roads across the country. Speaking during an inspection of work on [...]

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Nigeria To Post Bigger Contraction In Q3, As PMI Deeps Further

Scarcity of Dollar, depressed oil prices and limited fiscal support to contract economy further. Nigeria’s Manufacturing sector is expected to witness further contraction by the end of third [...]