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NovNotore Chemical to shut down plant equipment replacement
Notore Chemical Industries Plc has notified its Shareholders, Nigerian Exchange and the investing public of the Company’s Fertilizer Plant shutdown to carry out equipment replacement and maintenance for 58 days commencing on 25th November 2022. The objective of the maintenance is to reduce the likelihood of equipment failures and unplanned […]
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NovStock market returns 6.88% WtD on renewed investors’ optimism
The Nigerian stock market last week grew further, driven by growth in the prices of Airtel Africa, Dangote Cement as well as other 47 stocks. The All Share Index and Market capitalization grew by 6.88% to settle at 47,554.34 and N25.902 trillion respectively. An aggregate of 711.6 million units of[…]
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NovNigeria’s GDP growth rate drops to 2.25% in Q3 2022
Recent report published by the National Bureau of Statistics revealed that Nigeria’s Gross Domestic Product (GDP) grew by 2.25% (year-on-year) in real terms in the third quarter of 2022. This represents a decrease of 1.29% points relative to 3.54% GDP in Q2 2022. This growth rate declined from 4.03% in[…]
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NovFAAC distributes N736.78bn to FG, States and LGs
The Federation Account Allocation Committee (FAAC) has disbursed N736.782 billion from October 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. According to the communiqué at the end of the Federation Account Allocation Committee (FAAC) meeting for November 2022, the N736.782 billion total distributable revenue was made up[…]
