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BUSINESS NEWS
Business and Economic News from Nigeria
Vitafoam Nigeria has proposed a total final dividend of N875.59 million to be distributed to the shareholders of the company.
The Naira at the NAFEX window appreciated significantly against the dollar to close at N394.30/$1.
FCMB has disclosed that Primrose Investment Limited has purchased additional 20 million units of the bank’s stock.
United Capital Plc has announced the appointment of two independent Non-Executive Directors subject to regulatory approval.
This is one of the fastest 20% market correction seen in financial history.
Karl Toriola acquired 253,982 ordinary shares of MTN Nigeria Plc, worth over N41 million.
The IMF report shows that the sum of $11.7 trillion was expended in different fiscal interventions for the COVID 19 pandemic and the associated lockdowns.
Zenith Bank Plc has expressed its condolence to the family of the late professor Ibidapo-Obe.
Latest report by the Nigerian Stock Exchange has shown an increase in total portfolio investment.
Vitafoam Nigeria Plc profit revealed 72.10% increase when compared with the N2.39 billion reported in the corresponding period of 2019.
Gold futures were trading at $1,937 an ounce printing a gain of $42 per ounce.
Ether traded above $1,000 for the first time since 2018, hours after smashing past $800 for the first time since March 2020.