Broad Street Watch: What really is Nigeria doing right?

  Teslim Shittay-Bey  | It is almost cliché that Nigeria is the sick man of Africa. All things dark and ugly have gradually found a nestling home in Africa’s largest black nation.  Ranging from bloody insurgency, human trafficking, nepotism, ethnic irredentism to grand larceny and political misconduct, Nigeria has been punched into a squared More...

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By Vera Olubi On Monday, July 17th, 2017
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Resurgent naira boosts investor confidence

FELIX OLOYEDE | Renewed investor confidence in the Nigerian foreign exchange market and the Central Bank of Nigeria’s (CBN) continued interventions have eased pressure on the naira as the country’s currency More...

By Vera Olubi On Monday, June 26th, 2017
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Etisalat crisis drags market to three week low

FELIX  OLOYEDE The crisis between telecommunication company, Etisalat Nigeria, and a consortium of 13 commercial banks over a $1.2 billion loan has dragged the All Shares Index (ASI) down to its lowest value in More...

By hallmarknews On Wednesday, December 21st, 2016
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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 More...

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...