Businessam Staff

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Cocoa’s OPEC moment puts market on track for boom and bust

The world’s two biggest cocoa producers are taking unprecedented steps to exert more control on the market in a bid…

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World economy needs to avoid ‘self-inflicted wounds,’ IMF says

The U.S. economy is performing well but it’s not immune from external challenges that could affect its success, the acting…

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China says Trump ‘misleading’ people linking trade deal, slowing economy

China on Tuesday rebuffed a suggestion from U.S. President Donald Trump that Beijing needs a trade deal with the United…

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NCC remits N51.3 billion to Nigerian govt in Q1 2019

The Nigerian Communications Commission (NCC) says it remitted N51.3 billion to the federal government’s consolidated revenue fund (CRF) in the…

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Profit taking: Investors net worth drop further by N110 billion on NSE

The Nigerian equities market opened trading for the week on Monday on a negative mood with the market indicators shedding…

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NNPC awards crude-for-fuel swap contracts

The Nigerian National Petroleum Corporation (NNPC) has issued award letters for contracts to exchange crude oil for imported petroleum products,…

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$652m needed to reactivate, complete Ajaokuta steel plant -Audit

An audit conducted by Nigerian and Ukrainian experts showed that a total of $652m is required to reactivate and complete…

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Wall Street rises on rate cut optimism; S&P 500, Dow hit new highs

The S&P 500 and the Dow Jones Industrial Average hit fresh record highs on Friday, as the indexes continued a…

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Malabu: JP Morgan to appeal judgement allowing its prosecution by Nigerian govt

Indications emerged Thursday that JP Morgan Chase will appeal a court decision that dismissed its motion to halt its prosecution…

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Oil edges up as storm hampers U.S. supply, glut forecasts weigh

Oil futures edged up on Friday as U.S. Gulf of Mexico crude output was halved by disruptions caused by a…

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