Monthly Archives: May 2020

Sterling Bank has laid solid foundation for growth, says Suleiman

By Taofik Salako, Deputy Group Business Editor   Sterling Bank Plc has laid a solid foundation for growth in the years ahead in spite of the mitigating effect of the Coronavirus pandemic and other external shocks. Chief Executive Officer, Sterling Bank Plc, Mr. Suleiman Abubakar, in a review on the …

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Axxela raises N12.4b in oversubscribed bond

By Taofik Salako, Deputy Group Business Editor   Axxela Limited’s first bond issuance recorded a total subscription of N12.4 billion, 24 per cent above the offer size of N10 billion. Under the terms of the issue, Axxela can absorb additional 15 per cent of the offer size, giving the fast-growing …

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‘Local refining will lessen economic downturn’

By Taofik Salako, Deputy Group Business Editor   Chairman, OPAC Refinery, Mr Momoh Oyarekhua, has called on the government to support increased local refining, which he said is key to alleviating the post-COVID-19 economic crisis. He said the sudden but sustained drop in the price of crude oil in the …

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AKK Pipeline: OILSERV begins massive project

By Taofik Salako, Deputy Group Business Editor   Nigeria is finally on the verge of unlocking huge economic benefits arising from its natural gas endowment as OILSERV Limited starts of the construction Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline project. For many years, the country had been hindered by absence of gas transmission …

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Fed Govt’s N150b Sukuk is high-grade investment, say stockbrokers

By Taofik Salako, Deputy Group Business Editor   The N150 billion Sukuk being issued by the Federal Government is a high-grade investment with high return and almost zero risk, the Chartered Institute of Stockbrokers (CIS) has said. The CIS, which regulates the practice of stockbroking in Nigeria, said the ongoing …

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Virus, others foist uncertainty on insurance recap

By Omobola Tolu-Kusimo   COVID-19 pandemic, continuous fall in oil prices, depreciation in the value of the naira, the closure of the airspace by the aviation sector, among many other challenges, have foisted uncertainty over the recapitalisation plan of the National Insurance Commission (NAICOM). Now, insurance and reinsurance firms are …

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Nigeria Coronavirus Cases

Nigeria recorded 9855 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Nigeria reported 261 Coronavirus Deaths. This page includes a chart with historical data for Nigeria Coronavirus Cases.Read More

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