European stocks lower as US-Iran tensions fuel safe buying.

European stocks traded lower on Monday, as investors monitored rising tensions between the United States and Iran. The pan-European Stoxx 600 slightly pared early losses but was still down 0.45% by the close. Travel & leisure , autos and chemicals baskets all fell more than 1% to lead losses as almost every sector traded in the red. Market players are …

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Asian markets set to rise as investors keep their eyes on geopolitical tensions.

Australia’s S&P/ASX 200 jumped in early trade. Futures pointed to a higher open for Japanese shares as compared to the index’s last close. The Nikkei 225 had fallen 1.91% by Monday’s close. Gold prices surged on Monday to a near seven-year high as investors fled riskier assets. Oil prices, which have also gained on the …

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New Electricity Tariff to Kick in From April 01 2020.

The electricity distribution companies (DisCos) say they will begin the implementation of a new tariff from April. The Nigerian Electricity Regulatory Commission (NERC) had announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order (MRO). The regulator said it does not envisage an immediate increase in end-user tariffs until April …

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Stanbic IBTC assures commitment to growth of Nigeria’s debt capital markets

Stanbic IBTC Holdings PLC, Nigeria’s foremost end-to-end financial solutions provider, has assured Nigerians of its commitment to the growth of the Nigerian debt capital markets. Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Bank PLC, made known at the Bonds, Loans and Sukuk Nigeria Conference which held at the Eko Hotel and Suites, Victoria Island, Lagos. …

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Processors race to 90% food fortification to improve nutrition in Nigeria

The fortification of processed food is a way of addressing micronutrient deficiencies in diets, ensuring processed food can deliver specific nutrients required for good health. According to the World Health Organisation (WHO), Micronutrient malnutrition (MNM) affects all age groups, but young children and women of reproductive age tend to be among those most at risk …

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Nigeria exempts Small businesses from Company Income Tax.

Nigeria’s new Finance Bill would ensure the protection of small businesses with an annual income of less than N25 million from Company Income Tax. Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed, said that the new Finance Bill, when signed into law, would have only companies with an annual income of over N100 million pay 30% …

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