Economy
External reserves drop by $50.84m in 10 days
The country’s external reserves dropped by $50.84m from $35.75bn as of October 2 to $35.69bn as of October 12, figures...
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Presidential Panel Accepts Five-point Demand of #EndSARS Protesters
•Protests spread to Port Harcourt, Owerri, Akure, Ibadan, Yola, Enugu, others •Soldiers assault ARISE TV crew, brutalise protesters in Abuja...
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Nigeria’s economy’ll contract by 4.3% in 2020 – IMF
The International Monetary Fund has projected that Nigeria’s economy will contract by 4.3 per cent in 2020. It disclosed this...
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Senators clash as National Assembly debates 2021 budget
Senators on Tuesday commenced debate on the general principles of the 2021 budget estimates, presented to the Joint session of...
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NSE seeks increased liquidity in fixed income securities
The Nigerian Stock Exchange (NSE) has reiterated its commitment to providing a hybrid market for dealers as well as institutional...
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Equities rebound as investors stake N5.02b
AFTER four consecutive negative trading, Nigerian equities returned to the positive side yesterday as increased bargain-hunting overshadowed profit-taking transactions on...
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2021 budget: MDAs get N20bn for electricity, local contractors
The Federal Government plans to settle the electricity bills of its ministries, departments and agencies with N5bn and offset the...
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OPEC: Global Crude Oil Demand to Peak in 25 Years
The Organisation of Petroleum Exporting Countries (OPEC) has projected that despite the growing need for renewables as a source of...
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Power, fuel, VAT increments caused tariff hike – DSTV
MultiChoice Group, owners of the DSTV, has blamed the recent hikes in its subscription tariffs on high cost of production,...
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Raise banks’ liquidity ratio to discourage foreign currency holding, ABCON charges CBN
• Warns against pegging interest rates to avoid faulty system • Says increasing retirement age would aggravate youth unemployment ...
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Protesters march on…
The raging #EndSARS protest took a dangerous turn yesterday, as the Inspector General of Police (IGP)’s broadcast announcing the disbandment...
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NCDC issues guidelines for safe reopening of schools
The Nigeria Centre for Disease Control (NCDC) has released new guidelines for the safe reopening of schools to ensure that...
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Equity market extends downturn by N41bn
Transactions in the Nigerian equity market on Monday closed negative, as losing streak extended to the fourth consecutive trading days,...
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#EndSARS campaigners demand executive order disbanding squad
After days of public outcry and nationwide protests, the Inspector-General of Police, Mohammed Adamu, on Sunday, bowed to pressure and...
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Union Bank Secures $40m from IFC to Boost Trade
Union Bank said it has received a $40 million facility from the International Finance Corporation (IFC), a member of the...
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Nigerian insurance industry’s asset rises to N1.8tn
The Nigerian insurance industry’s assets rose from N1.61tn at the end of the 2019 financial year to N1.8tn in June...
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Buhari allocates N509b for pension liabilities
President Muhammadu Buhari has appropriated a total of N501.19 billion to offset pension liabilities in the 2021 budget proposal. He...
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Abbey Mortgage Bank plans N3b new capital injection
Abbey Mortgage Bank Plc plans to raise about N3.03 billion new equity funds from its shareholders. Regulatory filing at the...
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NCC prosecutes seven for SIM card offences
The Nigerian Communications Commission has secured court convictions of seven persons for SIM-card-related offences. The commission, in a statement by...
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Naira gains N8 as equities make N778b
THE naira appreciated by N8 in the last one week at the parallel market and the equities market recorded major...
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Stocks record 5.3% weekly rise, investors gain N740bn
The nation’s stock market recorded an increase of 5.3 per cent last week, with investors gaining N740bn. The Nigerian Stock...
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Why we increased fare — Uber
Uber Nigeria has explained that its new fare regime will provide better earnings for driver partners and remain affordable for...
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The Quintessential Ngozi Okonjo-Iweala WTO Needs
On October 7, 2020, the World Trade Organization announced Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee had advanced to...
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Consumers’ll be compensated for power delivery failure — NERC
Power distributors that fail to supply the required quantum of electricity under the new service reflective tariff regime will compensate...
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Official results of Ondo governorship poll
The Independent National Electoral Commission (INEC) Sunday began the release of results of the Ondo governorship election The collation, is...
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