Economy
Price crash: NNPC targets $10 oil production cost
The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of...
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AIICO records 23% growth in Q1 gross premiums
AIICO Insurance Plc has reported gross written premiums of ₦17.6bn, up 23% from the same period in 2019 which was...
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CBN Cuts MPR to 12.5%, Upbeat Nigeria Will Head Off Recession
Disburses N107bn in intervention funds Emefiele calls for gradual reopening of economy The Central Bank of Nigeria’s (CBN) Monetary...
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The Debt Management Office has said all the loans collected by the Federal Government from China, which are being scrutinised...
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Equities market ended bearish, as investors lost N28.8bn
The stock market halted the long run of successive gains as the All-Share Index fell 22bps to close at 25,166.01...
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FG Directs Conclusion of Electricity Deal with Siemens
The federal government Wednesday directed the Ministries of Power, and Finance, Budget and National Planning as well as the Bureau...
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Nigeria to disengage 500,000 N-Power beneficiaries ‘soon’
About 500,000 persons engaged in Nigeria’s social investment programme N-Power will have to look elsewhere for means of livelihood as...
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Ardova Grows Revenue By 22% to N53bn in First Quarter
Ardova Plc has reported a revenue of N52.1 billion for the first quarter ended March 31, 2020, showing an increase...
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World airlines’ debt to hit $550 billion by end of year
The airline industry’s global debt could rise to $550billion by year-end, the International Air Transport Association (IATA), has said. The...
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Petrol marketers to gain N8.3bn on depot price reduction
Retail marketers of petrol are currently raking in billions of naira as findings on Wednesday showed that they would make...
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World Bank approves $346m for Lake Chad region projects
The World Bank Group on Wednesday announced the approval of $346 million for two key projects in the Lake Chad...
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CBN suspends intervention-loan repayment for one year
The Central Bank of Nigeria has said it is giving one-year moratorium on all principal repayments for COVID-19 intervention loans...
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Axxela N10 Billion Bond Records 124% Subscription
Axxela Limited, a portfolio company with a vision of becoming the preferred and fastest-growing gas & power firm in sub-Saharan...
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Stock market reopens bullish as index gains N8 billion
Despite the two day holiday declared by the Federal Government on Monday and Tuesday, to commemorate the Eid al-Fitr celebration,...
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LIRS extends deadline for filling annual returns to June 30
Lagos State Government through the Lagos State Internal Revenue Service says it has extended the deadline for filing of annual...
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TAJBank announces issuance of N150bn FGN Sukuk Bond
TAJBank, Nigeria’s most innovative non-interest financial institution, has announced a N150 million Sukuk Bond issuance as approved by the Federal...
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Petrol sold above N130 in 17 states, says NBS
Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre...
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NCC explains data depletion during lockdown
The Nigerian Communications Commission (NCC), has explained why telecoms consumers are witnessing faster data depletion since the beginning of the...
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Task Before Yuguda
As the capital market community awaits the coming of Lamido Yuguda as the substantive Director General of the Securities and...
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Global trade may slump by 32% amid COVID-19 shutdowns
The global economy and world trade are being battered by the widespread and comprehensive measures to limit the spread of...
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IMF advises banks to suspend dividend payment
The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the...
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Nigeria attracted $5.85bn capital inflows in Q1, 2020
The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria attracted $5.85 billion capital importation in the first quarter...
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WHO suspends COVID-19 chloroquine treatment trial
A FEW weeks into solidarity trial of hydroxychloroquine for the treatment of COVID-19, the World Health Organisation (WHO) has suspended...
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PenCom plans investments diversification post-COVID-19
As the Coronavirus (COVID-19) pandemic continues to ravage economies globally and impacting businesses negatively, the National Pension Commission (PenCom), said...
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Coronation Merchant Bank seeks N15b short-term capital
Coronation Merchant Bank Limited is seeking to raise up to N15 billion in short-term capital through the issuance of commercial...
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