Economy
Vivien Shobo Recognised As Icon of the Year at 2020 African Banker Awards
The African Banker Awards has recognised Nigeria’s Vivien Shobo as winner of the African Banker Icon Award 2020 for her...
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Bitumen imports gulp N300b despite huge deposits in states
• 42.74 billion metric tonnes of asphalt untapped • Nigeria loses N1tn to bad roads yearly • Ondo woos local, foreign...
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Vehicle Importation: FG Urged to Review Customs’ Valuation Method
Customs agents in the country have called on the federal government to urgently review the valuation method on imported vehicles...
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CBN to restart weekly dollar sales to BDCs
In a move to strengthen the naira, the Central Bank of Nigeria (CBN) plans to resume dollar sales to Bureau...
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Adesina returns as AfDB’s chief executive
Dr. Akinwumi Adesina has secured 100 votes of the Board of Governors of African Development Bank (AfDB) for a fresh...
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Govt floats survival fund for teachers, artisans, others
A survival fund to support small businesses, artisans and private school teachers is underway, the Federal Government said on Thursday....
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Concerns over safety protocols as foreign flights resume
Experts divided on quarantine, passport submission • $550m, 149.400 jobs lost to lockdown As international flights resume on September 5,...
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Profit Taking Halts Stock Market’s Eight-day Price Rally
The price rally at the stock market was halted yesterday after eight days following profit taking bellwether stocks. The market...
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Vivien Shobo wins the prestigious African Banker Icon Award
Mrs. Vivien Shobo wins the prestigious African Banker Icon Award. Vivien Shobo, who was the CEO of ratings and advisory...
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Government targets 2021 for dual fuel engine, backward integration
To increase autogas adoption and domestic consumption of the commodity for industrial and everyday use, the Federal Government is developing...
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Stock market sustains positive sentiment, investors gain N20bn
The Nigerian stock market on Wednesday sustained positive sentiment to the sixth consecutive trading session as the market capitalisation gained...
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Q4: Cornerstone Insurance Projects N611m Profit after Tax
Cornerstone Insurance Plc has projected gross premium of N2.612 billion for the fourth quarter ending December 31, 2020. In a...
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NDDC Audit To Gulp N2.5bn As FG Hires 8 Auditors With N722m
The Federal Executive Council, at its 13th virtual meeting presided over by President Muhammadu Buhari, approved the appointment of eight...
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Nigeria’s private sector struggles with economic impact of COVID-19, inflation, devaluation
The COVID-19 crisis has brought with it disastrous economic effects. As the virus continues to spread, business and world economies...
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FSDH Predicts Continued Sluggish Economic Activities in 2020
Analysts at FSDH Merchant Limited have anticipated that the sluggish economic performance recorded in the second quarter of the year...
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Senate knocks SEC over N10.3bn annual wage bill
The Senate on Tuesday faulted the N10.3bn being spent annually by the Securities and Exchange Commission on salaries. The upper...
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Banks to Take over Electricity Bill Collections
The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) providing bank guarantees to Nigeria Bulk Electricity Trading...
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Chloroquine potent for COVID-19 prevention , says NAFDAC
The National Agency for Food and Drug Administration and Control (NAFDAC), yesterday, declared that chloroquine prevents the dreaded coronavirus. Its...
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CHI records 100% right issue subscription
The recent rights issue embarked upon by Consolidated Hallmark Insurance (CHI) Plc was fully taken up by its shareholders, the...
Read moreNSE index sustains rising profile, up by 0.25 per cent
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), sustained a rising profile yesterday, as more blue-chip stocks...
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6.1% shrinking of economy: FG won’t be able to service rising debts, fund budget –MAN, others
Things are tough for average consumer, inflation going up – Manufacturers Tackle rising inflation, unemployment, says Lagos chamber of industry...
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N940 million debt: AMCON takes over two firms
The Asset Management Corporation of Nigeria (AMCON), has taken over assets belonging to Northrich Technologies Limited, and its promoters, over...
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In Major Coup, CBN Blocks Over-invoicing, FX Overpricing
• Introduces product price verification mechanism • Elumelu praises measures In a major policy coup, the Central Bank of Nigeria...
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Domestic gas consumption gets a boost as NPDC completes gas plant
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it would reduce importation of Liquefied Petroleum Gas (LPG) into the...
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Fed Govt releases N14.92b retirees’ accrued rights
Retirees under the Contributory Pension Scheme (CPS) can heave a sigh of relief as the Federal Government on Monday released...
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