Economy
Revenue: 122 agencies fail to remit N1.2tn surpluses
The Fiscal Responsibility Commission (FRC) has said 122 Federal Government agencies have failed to remit N1.2 trillion operating surpluses to...
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Food insecurity prevalent in Lagos, Kano, Rivers, Abuja –NBS
The outbreak of COVID-19 has increased food insecurity in Lagos, Kano, Rivers and Abuja, the National Bureau of Statistics has...
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Ogun offers 30% discount on land charges
The Ogun State Government has granted 30 per cent reduction of the cost of land or land charges to business...
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FG increases efforts to grow insurance premium to N1 trillion
Nigeria’s insururance industry is going through a transformation with the National Insurance Commission (NAICOM), and major players strategizing to take...
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Hyundai recalls 52,000 SUVs
Koreanautomakers Hyundai and Kia are recalling over 600,000 vehicles in the United States and Canada to fix a brake fluid...
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Naira set to gain as CBN resumes forex sales
The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today)...
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CBN Moves against Banks, Gaming Companies over Unauthorised FX Transfers
•Places over 38 firms on PND •To penalise management of banks •Increases target credit facility to N100bn The Central...
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Fed Govt set to replace Vision 20:2020
President Muhammadu Buhari has directed the preparation of new development plans for the country as Vision 20:2020 and the Economic...
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What consumers will pay for electricity
Attempting to get an exact figure or cost that electricity consumers will pay under the new tariff regime may not...
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Zenith Bank posts N103.8 billion half-year PAT
Zenith Bank Plc has announced N103.8 billion Profit After Tax (PAT) in its audited results for the half-year ended June...
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COVID-19: Finally, Schools Get Approval for Phased Reopening
Curfew now 12am to 4am Buhari extends PTF mandate till December 31 After a six-month closure as a precaution to...
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Oil servicing firms may go bankrupt, says report
With the crude oil market likely to remain depressed for the rest of 2020, some oil servicing companies in Nigeria...
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Bellwethers buoy stock market N27 billion gains
Transactions on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday, as more blue-chip stocks, especially UACN, and Linkage...
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External reserves fall below threshold
• ‘We can’t get firmer naira with dithering external reserves’ • Nigeria lags behind South Africa, Algeria in size, per...
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Outrage as depot price hike may push petrol to N160
Small businesses will be hard hit, manufacturers warn Nigerians are being taken for granted by this govt – NLC The...
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Stock market advances with N24bn gain
The equities market, on Wednesday, extended its rally by N24bn following gains recorded by some blue-chip firms. The key performance...
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$22.7b approved loans still intact, says DMO
Government has not drawn from the $22.76 loans approved by the National Assembly, the Debt Management Office (DMO) said on...
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Naira rebounds, exchanges for 420/$, speculators count losses
The naira exchanged to the dollar at the parallel market at N420/$ on Wednesday, following the interventions made by the...
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CBN announces increase in ACGSF share capital to N50b
The Central Bank of Nigeria (CBN), has announced that the Agricultural Credit Guarantee Scheme Fund (ACGSF) Amendment Act assented to...
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GTBank, Stanbic IBTC Announce N135bn Half-year Profit
Guaranty Trust Bank (GTBank) Plc and Stanbic IBTC Holdings Plc yesterday announced their respective audited half year results for the...
Read moreNigerians kick as DisCos hike electricity tariff
Nigerians are outraged over Monday’s 50 percent unceremonious hike in the price of electricity, saying it is an additional burden...
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‘Accumulation of raw material inventories fuelled by forex scarcity’
With the Central Bank of Nigeria (CBN) deploying several measures to curb abuses in the foreign exchange (forex) market and...
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BUA Group, Axens seal 200,000bpd refinery, petrochemical deal
BUA Group, one of Africa’s leading Foods, Mining, & Infrastructure conglomerates, yesterday signed an agreement with Axens of France for...
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Petrol price should be about N155/litre – Marketers
The pump price of petrol should be closer to N155 per litre, the Chairman of the Major Oil Marketers Association...
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Foreign investors hijack rights issues
• Ownership structure threatened • Five firms raise N300b from capital market • Local investors unable to take up rights...
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