Economy
$62bn oil revenue: FG’s recovery effort suffers setback
AGF Malami makes a U-turn over $13.5bn demanded from Shell Oil firm drops suit against govt in exchange for withdrawal...
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Naira exchanges for 475/$ as forex scarcity persists
The naira on Friday exchange to the dollar at 475/$ at the parallel market as foreign exchange scarcity persisted. Continued...
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21.77m Nigerians now Jobless as Unemployment Rate Rises to 27.1%
The number of unemployed Nigerians rose to 21.77 million in the second quarter of this year (Q2 2020), compared to...
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Decline in new COVID-19 cases not end of pandemic, NCDC warns
The Nigeria Centre for Disease Control (NCDC) has warned that the recent decline in number of cases and deaths from...
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Adjusting for the Times: An Analysis of Nigeria’s Revised 2020 Fiscal Budget – Agusto & Co. MACRO REPORT
A season of gloomy forecasts The Covid-19 pandemic has dealt a huge blow to the global economy. What is fundamentally...
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Second recession in four years looms, says FG
The Federal Government has said the likelihood of Nigeria sliding into another recession in the Third Quarter of 2020, making...
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$70 oil price required to sustain budget –FG
The Minister of State for Petroleum Resources, Timipre Sylva, has said the country needs an oil price of $70 per...
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FG dumps National Identity Card
The Federal Government on Thursday announced an imminent plan to replace the current plastic national identity card with a more...
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IPPIS: PENGASSAN, NUPENG threaten to shut down oil operations
Senior oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association and the Nigeria Union of...
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PenCom opens PFA transfer window
Contributors under the Contributory Pension Scheme (CPS) will be able to move their pension account from their current Pension Fund...
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Buhari, stakeholders seek local content, infrastructure expansion
President Muhammadu Buhari and other stakeholders in the oil and gas sector, yesterday, reiterated the need to expand local content...
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ECA: CBN fails to account for $11bn, Reps kick
The House of Representatives kicked on Thursday as the Central Bank of Nigeria failed to account for the $11bn withdrawn...
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Bulls sustain dominance as indices appreciated further by N50 billion
The bulls maintained dominance on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks join the...
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Nigeria’s oil exports threatened as US floods European market
The increasing flow of the United States crude into Europe is threatening to displace the region’s traditional light, sweet crudes,...
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Fed Govt pumps N8.5b to boost COVID-19 tests
Nigeria is to spend N8.49 billion on COVID-19 testing. The Federal Executive Council (FEC) approved the money at Wednesday’s meeting...
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Ground handlers rally airlines to right pricing, dollar rate
Worried by the operational challenges in the COVID-19 era, ground handlers and stakeholders have rallied airlines to the right pricing...
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Banks’ total assets rise to N47.82tn
The total assets of the banking sector rose to N47.82tn as of the end of June. A member of the...
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NDIC continues Fortis MfB liquidation, paying depositors
The Nigeria Deposit Insurance Corporation has said it adhered to statutory guidelines on the distress resolution and liquidation of Fortis...
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Ericsson Identifies New Measures for Benchmarking 5G Networks
Ericsson, a global network company has identified key measures for benchmarking 5G technology. The Chief Technical Officer, Ericsson Middle East...
Read moreBellwethers push investors’ fortunes by N134 billion
The Nigerian equities market closed upbeat yesterday, occasioned by gains in most blue-chip stocks, as investors gained N134 billion. Yesterday,...
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Olubunmi: Effective Credit Risk Management Key to Impaired Loans’ Reduction
The Head, Financial Institutions Ratings, Agusto & Co, Ayokunle Olubunmi, spoke to Goddy Egene on the state of the Nigerian...
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NNPC: $2.8bn AKK Gas Project Won’t Fail Like Others
The Nigerian National Petroleum Corporation (NNPC) yesterday assured stakeholders that the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will not...
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Senate urges FAAN to sanitise airports, okays safety protocols
Ahead of the resumption of international flight operations in Nigeria, the Senate has stressed the need for the government and...
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NIPOST vs FIRS: Reps intervene, condemn stamp duty battle
House of Representatives waded in to the crisis between the Nigerian Postal Service and the Federal Inland Revenue Service over...
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Federal Government to auction N150bn bonds next week
The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on August 19....
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