Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Naira devaluation’ll raise debt profile, inflation, say experts
The recent devaluation of the naira will lead to a rise in the debt profile of the country and banks...
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Renewed profit-taking drag index by 0.06 per cent
Renewed profit-taking in the shares of some blue-chip companies, especially Champion Breweries and Honeywell Flour Mill dragged the All-share Index...
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Nigeria records N136.7b foreign portfolio deficit in first half
For every naira invested, foreign portfolio investors took out N2 in the first half of this year as Nigeria continues...
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FG insures 89,000 employees under N15 billion group life scheme
The Federal Government is said to have settled about N15 billion premiums under the Group Life Insurance scheme to insure...
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Nigeria exported $4.47bn crude, FAAC got N1.83tn —NNPC
It wasn’t that long ago when much of the global elite had conclusively decided that climate change was our world’s...
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NSE All-Share Index Gains 1.4%, Market Sustains Positive Momentum
The stock sustained its positive momentum last week closing with higher index and market turnover. The Nigerian Stock Exchange (NSE)...
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CBN to unify exchange rates, pegs naira at 379/$
The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar from N361...
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‘Oil prices may break $50 in 2021’
Brent crude prices are set to average $42.35 a barrel this year and $49.25 per barrel next year, latest IHS...
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Shoprite’s Proposed Exit and Expected Fallouts
Perhaps because its arrival in the Nigerian market redefined consumers’ purchasing habit, the news early last week that South African-owned...
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Chinese loans: Impact, concerns, benefits
It was at the investigative hearing into the agreements signed between Nigeria and China by the House of Representatives Committee...
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Will Ajaokuta Steel Mill Ever Work?
Since inception over 49 years ago, Ajaokuta Steel Company Limited (ASCL), Kogi State, is yet to fulfill the yearning of...
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COVID-19, VAT increase, naira devaluation spur rise in prices of consumables
The negative impact of Coronavirus pandemic has not only been felt across sectors in Nigeria, the consequence of the lockdown...
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Buhari Signs Companies and Allied Matters Bill
President Muhammadu Buhari yesterday in Abuja signed the Companies and Allied Matters Bill, 2020 passed by the National Assembly into...
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COVID-19: World Bank approves $114.28m for Nigeria
The World Bank board of directors has approved $114.28m financing to help Nigeria prevent, detect and respond to the threat...
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PenCom to review Pension Reform Act 2014
The National Pension Commission has initiated a process to review the Pension Reform Act 2014. It said this in a...
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Fuel price: Nigerians fear further hike, scarcity
• Ex-Depot Price Of N138.62 Not Friendly, Marketers Tell NNPC • Investment, Pump Price To Remain Uncertain Without Proper Regulation,...
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Govt agencies need to stop extorting businesses — Osinbajo
Vice President Yemi Osinbajo says it is important for government agencies to reduce the harassment and extortion of businesses in...
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International flights to resume in weeks –FG
The Federal Government on Thursday said the airports would be reopened to international flights in weeks and not in months....
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NUPENG, PENGASSAN fume over petrol price hike
As more marketers raised the pump price of Premium Motor Spirit (petrol) on Thursday, the Nigeria Union of Petroleum and...
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Federal Govt extends curfew for four weeks
The federal government has announced the extension of the second phase of the eased lockdown for four weeks. Part of...
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Banks owe telcos N17bn for USSD access –NCC
The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, says commercial banks in the country owe telecommunication...
Read moreInvestors’ wealth appreciates by N86b in four days
Trading on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday as more blue chip stocks appreciated in price,...
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Seplat Shareholders Upbeat as Brown Resumes as CEO
Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr....
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NCC stops telecoms from charging for money transfer via USSD
The Nigerian Communications Commission has stopped Mobile Network Operators from charging the consumers directly for the use of Unstructured Supplementary...
Read moreNigerians spent N2.37tn on petrol in 13 months – NNPC
In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation, data released...
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