Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Stakeholders berate CBN over $17 billion illicit financial flows
Illicit Financial Flows (IFFs) out of Nigeria may not subside unless the Central Bank of Nigeria (CBN), takes a bold...
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NIPCO gets new MD
NIPCO Plc has approved the appointment of Suresh Kumar as the new managing director of the company. According to...
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Market sustains uptrend as index rises marginally by 0.02%
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), sustained previous day uptrend, following gains in most blue...
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Google creates $1m fund for online safety
Google has announced the launch of a $1m pan-African fund to support innovative ideas around privacy, trust and the safety...
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CBN Injects Additional $210m into Forex Market
The Central Bank of Nigeria (CBN) has once again injected the sum of $210 million into the interbank foreign exchange...
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FBNQuest leads N23b Interswitch bonds
FBNQuest, the investment banking and asset management subsidiary of FBN Holdings Plc, has been named the lead issuing house for...
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Dangote Remains Africa’s Wealthiest for Ninth Successive Year
For the ninth year in a row, the President of Dangote Group, Alhaji Aliko Dangote, has been declared as the...
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Stock Exchange goes public with 2.5b shares
The Nigerian Stock Exchange (NSE) will change from a member-owned mutual company limited by guarantee to a public limited liability...
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NSE, Meristem List Benefits of Exchange Traded Funds
Officials of the Nigerian Stock Exchange (NSE) and Meristem Wealth Management Limited, have identified Exchange Traded Funds (ETFs) as a...
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Nigeria earned N1.17tn from VAT in 2019 – CBN
Between January and December 2019, the Federal Government generated the sum of N1.17tn from Value Added Tax. When compared...
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SON shuts down 13 steel companies over standards infractions
The Standards Organisation of Nigeria (SON) has sealed 13 steel factories across the country for standards infractions. The Chairman, SON...
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Banks’ instant transfers value hits N442trn in 2019
The Central Bank of Nigeria (CBN) on Monday reported that instant transfer transactions in the nation’s banking system totalled N442...
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Stock market down N154bn on sale pressure
The equities market closed on Monday on a negative note, declining by 1.05 per cent as investors sold off shares...
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Nigeria will get first tranche of $3bn loan soon – World Bank
The World Bank has confirmed that discussions on its first tranche of the $3bn loan request to Nigeria have reached...
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Pipeline vandalism rose by 94% in November, says NNPC
The Nigerian National Petroleum Corporation said on Sunday that it suffered a 94 per cent increase in willful hacking and...
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Alleged Financial Infractions: Banks to Refund N112.82bn to Imo
Nine commercial banks are to refund a total sum of N112.82 billion to the coffers of the Imo State government...
Read moreCash reserve policy takes N855b off banks’ vaults
THE Monetary Policy Committee of the Central Bank of Nigeria (CBN’s) decision to raise Cash Reserve Requirement (CRR) rate for...
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How N7.5 billion GPW will boost policyholders’ confidence
As insurers express commitment to the ongoing industry recapitalisation exercise, they have explained that a process is a form of...
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Pressure on equities defy earning season, index slumps by 2.69 per cent
Despite improved numbers in 2019 full year result churned out by quoted companies, sentiments remained weak in the equities market,...
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External debt servicing gulps $1.08bn in nine months — DMO
The Federal Government spent a total of $1.08bn (N400.90bn) on external debt servicing between January and September 2019. Data...
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USAID, UBA Seal Deal to Boost Africa’s Trade
The United States Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for...
Read moreVAT on calls: Meet FIRS, minister tells subscribers
The Minister of Communications and Digital Economy, Dr Isa Pantami, has asked subscribers who have expressed concern over the additional...
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Nigeria lost N5.5trn to fraud, cybercrimes in 10 years — Forensic experts
Nigeria is estimated to have lost about N5.5trillion to fraud and cybercrimes in the last 10 years. This figure was...
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Electricity tariff hike will push cost above 40%, MAN warns
The Manufacturers Association of Nigeria (MAN), has charged the nation’s economic managers on the need to attract significant investment to...
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Ogun Rejects Commercial Motorcyclists
The Ogun State government has said that its doors would not be opened to accommodate commercial motorcyclists whose operations were...
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