Economy
UK economy in recession for first time in more than 10 years
The United Kingdom’s economy shrunk by a record 20.4% in the second quarter of 2020, plunging the country into recession...
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Nigeria to ban single-hull tanker by December
The Federal Government has unveiled plans to stop the use of single-hull tankers in Nigeria by December 31st. Director-General of...
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Pandemic stalling Ajaokuta Steel revival efforts, says FG
Although the Senate last month, expressed its readiness to work with the executive arm in reviving the Ajaokuta Steel Company...
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Oil rises above $45, OPEC+ cut compliance dips
The international oil benchmark, Brent crude, rose above $45 per barrel on Monday, supported by an improvement in Chinese factory...
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Telecoms operators want 30% of CBN N15tr infrastructure funding
Telecommunications operators have called on the Central Bank of Nigeria (CBN), to channel 30 per cent of the N15 trillion...
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World Bank approves fresh $114.28m for sub-national fight against COVID-19
The World Bank Board of Directors has approved a $114.28 million funding to help Nigeria prevent, detect, and respond to...
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Local airline to sell asset despite investor’s lawsuit
The management of Med-View Airline Plc has said the plan to sell-off some of its assets was still in place...
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Naira devaluation’ll raise debt profile, inflation, say experts
The recent devaluation of the naira will lead to a rise in the debt profile of the country and banks...
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Renewed profit-taking drag index by 0.06 per cent
Renewed profit-taking in the shares of some blue-chip companies, especially Champion Breweries and Honeywell Flour Mill dragged the All-share Index...
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Nigeria records N136.7b foreign portfolio deficit in first half
For every naira invested, foreign portfolio investors took out N2 in the first half of this year as Nigeria continues...
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FG insures 89,000 employees under N15 billion group life scheme
The Federal Government is said to have settled about N15 billion premiums under the Group Life Insurance scheme to insure...
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Nigeria exported $4.47bn crude, FAAC got N1.83tn —NNPC
It wasn’t that long ago when much of the global elite had conclusively decided that climate change was our world’s...
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NSE All-Share Index Gains 1.4%, Market Sustains Positive Momentum
The stock sustained its positive momentum last week closing with higher index and market turnover. The Nigerian Stock Exchange (NSE)...
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CBN to unify exchange rates, pegs naira at 379/$
The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar from N361...
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‘Oil prices may break $50 in 2021’
Brent crude prices are set to average $42.35 a barrel this year and $49.25 per barrel next year, latest IHS...
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Magu Knows Fate as Salami Panel Submits Report Next Week
The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, may know his fate next...
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Shoprite’s Proposed Exit and Expected Fallouts
Perhaps because its arrival in the Nigerian market redefined consumers’ purchasing habit, the news early last week that South African-owned...
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Chinese loans: Impact, concerns, benefits
It was at the investigative hearing into the agreements signed between Nigeria and China by the House of Representatives Committee...
Read moreWill Ajaokuta Steel Mill Ever Work?
Since inception over 49 years ago, Ajaokuta Steel Company Limited (ASCL), Kogi State, is yet to fulfill the yearning of...
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FG refineries post N406.62bn loss in two years
The four refineries owned by the Federal Government made a total loss of N406.62bn in two years, the latest audited...
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COVID-19, VAT increase, naira devaluation spur rise in prices of consumables
The negative impact of Coronavirus pandemic has not only been felt across sectors in Nigeria, the consequence of the lockdown...
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Buhari Signs Companies and Allied Matters Bill
President Muhammadu Buhari yesterday in Abuja signed the Companies and Allied Matters Bill, 2020 passed by the National Assembly into...
Read moreCOVID-19: World Bank approves $114.28m for Nigeria
The World Bank board of directors has approved $114.28m financing to help Nigeria prevent, detect and respond to the threat...
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PenCom to review Pension Reform Act 2014
The National Pension Commission has initiated a process to review the Pension Reform Act 2014. It said this in a...
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Fuel price: Nigerians fear further hike, scarcity
• Ex-Depot Price Of N138.62 Not Friendly, Marketers Tell NNPC • Investment, Pump Price To Remain Uncertain Without Proper Regulation,...
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