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BUSINESS NEWS
Business and Economic News from Nigeria
BUA says it was granted limited approval by the Federal Government to export some cement to Niger Republic.
The SEC has issued pre-notice on the cancellation of certificates of registration of inactive capital market operators.
On a W/W performance review, the Spanish Stock index, IBEX up 13.13%, and French Stock In CAC 40 up 12.59%
At about 10.05 am Nigerian time on Tuesday, November 10, Gold futures were up 1.69% at $1885.60.
At the black market where forex is traded unofficially, the Naira depreciated against the dollar to close at N465/$1 on Monday.
Zoom Video was down by over 17% and Amazon and Netflix plunging about 5.1% and 8.6%, respectively.
Mastercard was up 11% trading at $350.50, JP Morgan chase was up more than 10% trading at $113.63.
The latest figures indicate an increaseof 17% from N4.5 billion posted in the corresponding period last year.
Pfizer Inc. and BioNTech's COVID-19 vaccine has shown incredible results in more than 90% of infections in a study of thousands of volunteers.
Conoil Plc reported revenue of N30.65 billion in 2020 Q3 compared to N40.50 billion same period in 2019.
SEC has extended the deadline for the filing of the quarterly statement for the period ending September 30, 2020.
Brent oil futures gained 2.71% to $40.53 and West Texas Intermediate futures soared higher by 2.91% to trade $38.22.