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NICON Insurance, micro finance banks sign MoU to boost Nigeria’s business frontiers

  NICON Insurance has signed a memorandum of Understanding with the National Association of Micro Finance Banks (NAMFB) in order to stem the harsh effects of economic recession on small scale businesses in the country. The pact, sealed by NICON with the umbrella micro finance body, composed of 978 members, is said to be targeted at providing the More...

| Published 6 months ago
By hallmarknews On Wednesday, December 21st, 2016
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Lloyd’s threat: Anxiety as AON struggles to save Nigerian airlines

There is unease among domestic airlines in Nigeria following a threat by Lloyd’s of London, the world’s leading insurance market, to blacklist them over irregular payment of premiums. This is another More...

By hallmarknews On Wednesday, December 21st, 2016
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NDIC, CBN set up committee to study digital currency

  The Managing Director, Nigeria Deposit Insurance Commission (NDIC), Alhaji Umaru Ibrahim, has said that the commission and CBN had set up a committee to look into the trending “digital currency, ‘Bitcoin’. Ibrahim More...

By hallmarknews On Tuesday, September 6th, 2016
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Guinness Plc: Poor quarterly results, year-end  jitters

Year to date, the company’s price has tumbled 22% dropping from N120.40 in January to N94.00 in September 2016. Year–on-year, the brewer has seen its share price slide 21.53% from N116.00 to last week’s More...

By hallmarknews On Monday, August 15th, 2016
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Stock market in danger over high interest rate

The Central Bank of Nigeria’s recent 200 basis point hike in Monetary Policy Rate (MPR) from 12 per cent to 14 per cent per annum is having perverse impact on the Nigerian stock market as investors continue More...

By hallmarknews On Monday, August 15th, 2016
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NCC fine drags MTN to first interim loss

Africa’s biggest mobile phone operator MTN Group Ltd cut investor payouts by almost 50 per cent as it reported its first-ever half-yearly loss after taking a hit from a hefty regulatory fine in Nigeria. MTN More...

By hallmarknews On Monday, August 15th, 2016
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Market capitalisation of eight Nigerian firms on the LSE hits $6.535bn

Eight Nigerian companies that listed their shares on London Stock Exchange (LSE) are now worth about $7 billion. This companies which were able to meet the stringent listing conditions of the stock exchange which More...

By hallmarknews On Monday, August 15th, 2016
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NSE revises bond listing, trading fees

The Nigerian Stock Exchange (NSE or “The Exchange”) has announced the revision of the listing and trading fees for securities listed and traded on its Fixed Income Market. The revised fee structure which is More...

By hallmarknews On Monday, August 15th, 2016
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How to trade on penny stocks

Penny stocks are shares that trade at a very low price and they have very low market capitalisation. Penny stocks are mostly illiquid and often priced below N5.These stocks are very speculative in nature and are More...

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