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Ashaka Cement Plc has voluntarily delisted from the Nigerian Stock Exchange for violation of the exchange free float deficiency provision of 20 per cent. The company announced its voluntary withdrawal in a statement posted on NSE website by the company’s directors. “The Board of Directors of Ashaka Cement Plc has opted for a voluntarily delisting of the company from the …

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Six banks in Nigeria have been ranked among the Banker Magazine’s top 25 banks in Africa in its 2017 1, 000 global banks’ ranking. The banks are Zenith Bank, First Bank Nigeria Limited, Guaranty Trust Bank, Access Bank, United Bank for Africa and Diamond Bank. According to the ranking, Zenith Bank was placed first in Nigeria, 10th in Africa and …

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Sage (www.Sage.com/africa), the market and technology leader for integrated accounting, payroll & HR and payment systems, today announced that Sage One Payroll (www.Nigeria.sageone.co.za/easy-online-payrol) and Sage One Invoicing (www.Nigeria.sageone.co.za/sage-one-invoicing) is available in Nigeria. Designed to help small businesses focus on what really matters, these software solutions give business builders the freedom to run their businesses anywhere, anytime. Sage One Payroll seamlessly …

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Adamawa State Emergency Management Agency (ADSEMA) has commended the Red Star Foundation, on behalf of the state government, for its relief materials and food stuffs donated to the Internally Displaced Persons (IDPs) in Malkohi camp of the IDPs located about forty kilometers away from Yola the Adamawa State capital. The Foundation donated 30 bags of grains including rice, beans, maize, guinea corns; …

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Red Star Express Plc is set to host entrepreneurs and owners of Small and Medium Enterprises to a forum to give them support by sharing insights, information and industry advice as it affects them in relation to the growth of their business. This event will seek to provide advice and logistics resources from Red Star Express, other industry leaders and …

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Coming from the weekend break, Nigerian stocks closed on a negative note Monday 3rd July. All shares index dropped -1.05% at the close of trading, market capitalisation was N11,331,890,883,337.16. All share index was 32,769.80 down -1.05%. Market capitalisation closed at N11.3trillion and volume of shares traded was 162.354,027.00 units in 3,488.00 deals. However Honeywell flour mills led the gainers’ list …

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May & Baker Plc has emerged the best performing stock, in percentage terms, on the Nigerian Stock Exchange for the first half year ended June 30, 2017. Data from the NSE for the period under review indicated that the equity rose by 312.77 per cent to close at N3.88 per share. This is in contrast to the year’s opening price …

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Leading Nigerian indigenous oil and Gas Company listed on both the Nigeria Stock Exchange and London Stock Exchange, Seplat Petroleum Development Company Plc has announced that it has successfully concluded a one year extension of its revolving credit facility (“RCF”) until 31 December 2018. According to a statement that was sent to the Nigerian Stock Exchange on Monday and signed …

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The Nigerian Customs Service on Monday unveiled an electronic auction platform by which cargoes that have been forfeited to the Federal Government could be sold to Nigerians through a transparent bidding process. The unveiling of the e-auction platform was performed at the headquarters of the NCS by the Comptroller-General of Customs, Col Hameed Ali (Rtd). Present at the event were …

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Only eight million vehicles out of the estimated 17 million on Nigerian roads have genuine insurance cover, according to the Nigerian Insurers Association. Figures obtained by our correspondent from the association indicated that the number of genuinely insured vehicles had risen from three million that was recorded in the Nigerian Insurance Industry Database in 2015. “The NIID system has captured …

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