Economy
Producers hopeful of $50 oil price, business sustainability from cuts
Although OPEC+ agreed at the weekend to extend 9.7million barrels cuts in daily crude oil production through the end of...
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Govt worried about breach of rules by churches, mosques
Nigerians still at risk of Coronavirus infection 60% of 979 deaths in eight Kano councils COVID-related WEEKEND’s reopening of...
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BUA Cement Grows Profit by 26% to N20bn in First Quarter
BUA Cement Plc has recorded a 25.1 per cent increase in revenue to N54 billion, from the N43.1 billion recorded...
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Investors’ appetite for bellwethers lift NSE’s index by N122b
Investors’ appetite in bellwether stocks lifted transactions on the equities sector of the Nigerian Stock Exchange (NSE), causing market capitalisation...
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With 38 New COVID-19 Cases, Lagos Records First Slump in 3 Months
•260 fresh incidences, raise total to 12,486 with 3,959 discharged, 354 dead •Nigeria imports COVID-19 drugs from Bangladesh The...
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NERC Gives Discos 2021 Deadline to Meter Consumers
The Nigerian Electricity Regulatory Commission (NERC) has given electricity distribution companies (Discos) December 2021 deadline to close the metering gap...
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Agusto affirms Coronation MB’s Rating
Coronation Merchant Bank remains one of the top rated merchant Banks in Nigeria as shown by the recently released Rating...
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Marketers can’t fix petrol price, says FG
The Federal Government has said oil marketers are not free to fix the price of Premium Motor Spirit, popularly called...
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May & Baker pays N431.31m to shareholders as net profit doubles
Shareholders of May & Baker Nigeria Plc at the weekend received a total of N431.31 million as cash dividends for...
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Contributory pension assets rose by N359bn in four months
Despite the challenges in the economy occasioned by the coronavirus pandemic, the total pension assets under the Contributory Pension Scheme...
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Flights resumption: No decision taken on social distancing in aircraft — NCAA
Discussions are still ongoing over modalities for implementing social distancing protocol in the aircraft ahead of June 21 flights resumption,...
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How speculators undermine efforts to sustain naira stability
The introduction of several forex management measures side-by-side with complementary interventions in food production and manufacturing have drastically reduced food...
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Firms expect further naira depreciation, dollar sells for N440
Business organisations in the country expect the naira to depreciate further in the next few months, a report by the...
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Lagos-Ibadan Expressway, 2nd Niger Bridge ready 2022 –FG
The Lagos-Ibadan Expressway, the Second Niger Bridge, and the Abuja-Kaduna Expressway, among others, are to be completed in the first...
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JAIZ Bank declares N2.4bn profit after tax in 2019
Jaiz Bank Plc, one of Nigeria’s non-interest Islamic Bank, has released its 2019 audited results for the period ended December...
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GenCos loss N122.79b in five months to capacity challenges
Nothing less than N122.79 billion has been lost by Nigeria’s power generation companies (GenCos) between January to May this year....
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BUA gets govt’s nod to re-open $400m PH terminal
The Federal Government has given the nob to BUA Group to re-open its $400 million BUA Ports and Terminal in Port...
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Oilfield bid round: FG may generate N3.17bn from fees
The Federal Government may generate at least N3.17bn from the payment of fees for the marginal fields put on offer...
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Oil soars to $40 as Nigeria cuts production to 1.613m b/d
Oil prices rose sharply yesterday, as Brent per barrel settled above $40 due to reported small crude oil inventory draw...
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Revised budget: Anger over cuts in health, education votes
The ministries of health, education, science and technology and agriculture are among the worst hit by capital expenditure reductions. The...
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FEC approves N1.6bn for proposed Abuja runway
The Federal Executive Council has approved the sum of N1.6bn for consultancy services for pre-contract services for the design and...
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Stock markets surge on swift recovery hopes
Growing optimism about a swift global economic recovery pushed equity markets sharply higher Wednesday, as investors took heart from further...
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Buhari Vows Nigeria’s Unflinching Support for Adesina
President Muhammadu Buhari yesterday assured the embattled President of African Development Bank (AfDB), Dr. Akinwumi Adesina, of Nigeria’s unwavering commitment...
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PFAs shun T’bills, invest N1.6tn in banks, commercial papers
Pension Fund Administrators have gradually reduced investment of pension funds in the Contributory Pension Scheme in treasury bills, findings have...
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Marketers identify challenges in FG’s petrol price review
Again promises given by the Federal Government to properly consult marketers of Premium Motor Spirit (PMS) otherwise called petrol before...
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