First Edition of the Tastemakers Wine Series Hosted by Vendease

Market

The stock market closed this week at 52 billion naira.

The Nigerian Exchange Ltd closed negative due to buy-interests and sell-offs in large and small capitalised stocks. Also, the market capitalisation dropped by N52 billion to close at N28.681 trillion as against N28.733 trillion posted at the previous trading. The downturn performance was mainly due to sell-offs in the MTNN stocks. The All-share Index depreciated by 95.08 points or 0.18 per…
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Business Explorer

The European Union is providing humanitarian assistance to Nigeria and other countries in the amount of 102.5 million euros.

The European Union said that Nigeria and other countries in the Lake Chad region will receive €102.5 million in humanitarian aid. Niger, Chad and Cameroon are other countries on the top European bloc humanitarian aid list. The European Union (EU) made these commitments at its third Lake Chad summit in Niamey on Monday and Tuesday. The purpose of the meeting is to secure inter-regional agreements…
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Markets

CBN licenses 400 financial agents in Kogi

The Central Bank of Nigeria has authorized 400 financial agents to facilitate access to the new banknote design in rural areas. CBN said this would allow residents of rural Kogi to meet the January 31 deadline, allowing them to finally retire their old banknotes from…
MagazineTechnology

LESSONS EVERY RISING ENTREPREUR CAN LEARN FROM Henry Orakwue "GROOVY"

Do you aspire to financial success? Most people probably do, although it is well-known that it is not an easy endeavor. For the majority of us, the widening wealth gap between the rich and the poor makes it seem unattainable, but 26-year-old Henry Olisaemeka Orakwue, a model since 2014 and one of the most sought-after brand influencers, can teach you how. Groovy is a risk-taker who values seizing…
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EconomyMarkets

The FCTA limits PoS operators to commercial areas.

The Federal Capital Territory has ordered terminal operator Pointmof Sales to limit operations to commercial areas only. Speaking to reporters in Abuja on Wednesday, Abuja Metropolitan Government Commission Coordinator Umar Shuaibu said the government would not allow PoS…
Economy

FG paid Ajaokuta $446 million in legal debt.

Information and Culture Minister Lai Mohammed said the federal government had paid a total of $446 million to pay off Ajaokuta Steel Company’s statutory debt. He made the announcement on Thursday during the opening of the 19th round of the 2015 to 2023 Cabinet…
Uncategorized

Big churches, schools refused old banknotes for delivery, payment.

Ahead of January 31, when the Reserve Bank of Nigeria is due to write off the N1000, N500 and N200 banknotes, several major churches, schools and retailers have set deadlines for returning the old currency. This happened when several commercial banks closed ATMs in Lagos, Abuja and other states across the country due to a shortage of old naira banknotes. Custodians have been hit by a shortage of…
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