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Was minimum wage in Nigeria actually increased?

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In April 2019, President Muhammadu Buhari signed the new minimum wage bill into law amid rising living costs and poverty levels, thus increasing the...

May & Baker Nigeria appoints new Executive and Managing Director as Nnamdi Nathan Okafor...

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Sequel to the Board Meeting of May & Baker Nigeria Plc held on Thursday, 26th November 2020 at the Muson Centre, Onikan, Lagos, the...

Household Consumption Expenditure Contracts By -0.08% in Q2 2020 – NBS

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In the first quarter of 2020, Nigeria's real GDP at basic prices grew by 1.87% but declined in the second quarter by -6.10% on a...
NSE Migrates 4 Companies from ASeM to Growth Board Brandspurng

NSE Migrates 4 Companies from ASeM to Growth Board

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The Nigerian Stock Exchange (NSE) is pleased to announce the migration of Chellarams Plc, Living Trust Mortgage Plc, McNichols Plc, and The Initiates Plc...
Fidelity Bank’s MD/CEO purchases 5 million shares

Fidelity Bank’s MD/CEO Designate purchases 5 million shares

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Fidelity Bank Nigeria Plc has announced that its Managing Director/CEO Designate, Mrs. Nneka Onyeali-Ikpe has increased her stake in the business via the purchase...
CBN’s PMI report for Sept-2020 brandspurng A hint at recession

Market Maintain Uptrend Despite Weak Macroeconomic Environment

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Investors maintain positive sentiment in the local equities market following continuous low yield in the fixed income space. The market opened the week with...
Building the SDGs into Nigeria’s Path Forward: FC4S Lagos and PwC Nigeria Hold Capacity Building Webinar

Building the SDGs into Nigeria’s Path Forward: FC4S Lagos and PwC Nigeria Hold Capacity...

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The Financial Centre for Sustainability, Lagos (“FC4SL”), in collaboration with PricewaterhouseCoopers (“PwC”) Nigeria, executed a webinar session as part of the Market Education and...
Mobile Money Users in Emerging Markets to Exceed 1.2 Bn Globally by 2025, as P2P and Merchant Payments Surge

Mobile Money Users in Emerging Markets to Exceed 1.2 Bn Globally by 2025, as...

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30th November 2020: A new study from Juniper Research has found that the total number of mobile money users in emerging markets will exceed 1.2...
Despite COVID-19, Nigeria generates N416.01 billion from Company Income Tax in Q3 2020

Despite COVID-19, Nigeria generates N416.01 billion from Company Income Tax in Q3 2020

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The Nigerian Government generated N416.01 billion as Company Income Tax (CIT), the National Bureau of Statistics (NBS) says. The bureau stated this in its “Company...
Nigeria Q3 2020 GDP: Non-oil economy adapts rapidly

Nigeria Q3 2020 GDP: Non-oil economy adapts rapidly

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Recently the National Bureau of Statistics (NBS) released GDP data for Q3 2020, showing a decline of -3.62% y/y with Non-oil GDP falling by...

NSE Lifts Suspension on Trading in FTN Cocoa Processors Shares

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The suspension earlier placed on the trading in the shares of FTN Cocoa Processors Plc has been lifted by the Nigerian Stock Exchange (NSE). The...
Nigerian Economy Slides into Recession in Q3 as MPC Retains Key Policy Parameters…

Nigerian Economy Slides into Recession in Q3 as MPC Retains Key Policy Parameters…

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In the just concluded week, Nigeria’s economy technically went into recession having printed two consecutive quarters of negative growth rates in line with our...