Economy
NAICOM, PenCom Unveil Regulation on Retirees’ Life Annuity
The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) have introduced the revised guidelines on retirees’ life annuity....
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NSE suspends six firms for failing to file accounts
Regulatory hammer on Tuesday fell on six quoted firms following suspension by the Nigerian Stock Exchange for their inability to...
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Oil marketers deny NNPC on N5.35bn petrol subsidy payment
Oil marketers on Monday expressed surprise over the resurfacing of petrol subsidy in June 2020 as disclosed by the Nigerian...
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FG to Construct Solar Dryers for Farmers to Boost Food Security
Piqued by post-harvest challenges faced by farmers, the federal government has finalised arrangement to construct eight solar dryers with four...
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Dangote Cement Shops for N50bn to Support Short term Funding
Dangote Cement Plc is issuing Series 17 and 18 Commercial Paper to raise N50 billion under its N150 billion CP...
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KAM acquires N60b steel plant in Ogun
KAM Steel Integrated Company Limited on Monday acquired N60billion steel plants and other assets in Sagamu, Ogun State, pledging to...
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CBN drops savings account interest rate to 1.25%
The Central Bank has ordered all Deposit Money Banks to review interest rates on savings accounts to a minimum of...
Read moreMarket closes August trading upbeat as index rises by 0.07%
Following gains recorded by most high capital stocks, the Nigerian Stock Exchange (NSE), ended trading for the month of August...
Read moreNSE defies GDP contraction, as earnings scorecards push index by 0.35%
Transactions at the Nigerian Stock Exchange (NSE) defied the impact of the recently-published 2020 second quarter (Q2) report of 6.1...
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NTA-StarTimes Welcomes National Assembly’s Proposed Forensic Audit
As government and other stakeholders in the NTA-Star TV Network Limited continue to bicker over the company’s transactional and financial...
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AMCON’s assets under management hit N136.73bn
The assets under management of the Asset Management Corporation of Nigeria stood at N136.73bn while it has about N112.03bn worth...
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AfDB: Nigeria, others need $150b to reset economies
The African Development Bank (AfDB) Group at the weekend projected that Nigeria and other African countries will require additional cash...
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We spent N5.3bn on petrol subsidy in June – NNPC
Latest figures from the Nigerian National Petroleum Corporation have shown that the oil firm made an under-recovery of N5.348bn in...
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Banks’ Credit to Private Sector Rises to N30.189tn
Banking sector’s credit to the private sector rose by N757 billion or 2.57 per cent to N30.189 trillion as of...
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Senate to bar FIRS, Customs, NBC, 57 others from getting federal allocations
Barring any last-minute changes, the Senate is set to advise the Federal Ministry of Finance, Budget and National Planning to...
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‘Why Senate may remove DPR from 2021 budget’
• Agency Generates N5.4trn In Three Years • Stakeholders Kick, Say Action May Cripple Regulator • Iledare Seeks Legal Backing,...
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As COVID-19 cases decline, Lagos schools reopen Sept 14
•Basic schools resume September 21, tertiary institution one week earlier •Sanwo-Olu launches care pack for home treatment of patients ...
Read moreNNPC Remittance to Federation Account Hits N1.87trn in One Year
The Nigerian National Petroleum Corporation (NNPC) remitted a total of N1.87 trillion to the Federation Account Allocation Committee (FAAC) between...
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Filling stations’ll dispense gas in vehicles from September — FG
The dispensing of autogas into automobiles through selected filling stations across the country will commence by the end of September,...
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Bumps on Lagos path to generating N60b yearly from Imota Rice Mill
Efforts to make Nigeria self-reliant in the area of rice production and reduce the amount spent on importation of the...
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PTAD delists 21,227 unverified pensioners from FG’s payroll
The Pension Transitional Arrangement Directorate says it has concluded arrangements to remove 21,227 unverified parastatal pensioners who are on the...
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Naira gains, exchanges for N470/$
The naira gained slightly on Friday, exchanging for N470/$ in the parallel market in the evening, after selling at N476/$...
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Akpata steps in as 30th NBA president
Mr. Olumide Akpata was yesterday sworn in as the 30th President of the Nigerian Bar Association (NBA). Akpata, who is...
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As Growth Slows Globally, Nigeria’s Foreign Capital Inflows Contract By 78%
The Central Bank of Nigeria (CBN) has urged Nigerians not to fret as the total value of capital importation into...
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More Nigerian crude likely to move into storage
Nigerian light sweet crude and those from other West African producers have been struggling to clear for September and October...
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