Economy
Petrol price may increase as Brent stabilises around $35/barrel
Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising...
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Lagos working with Fed Govt on schools reopening
THE Lagos State government is working out modalities for the resumption of schools after the ongoing lockdown of some sectors...
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Nigeria’s GDP rose by 1.87% in Q1 – NBS
Nigeria’s Gross Domestic Product grew by 1.87 per cent (year-on-year) in real terms in the first quarter of 2020. ...
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Fixed income market to witness increased activities, says NSE
The Nigerian Stock Exchange (NSE) has expressed optimism that the fixed income market would experience increased activities on account of...
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Lagos closes Marine Beach Bridge for repairs
The Lagos State Government has announced partial closure of the Marine Beach Bridge by Total Gas, inwards Apapa for five...
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Pantami, Dabiri-Erewa Squabble over Office Space
Minister of Communications and Digital Economy, Dr. Ali Pantami, and the Chairman of the Nigerians in Diaspora Commission (NIDCOM), Hon....
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Buhari Laments Rising COVID-19 Cases, Says Upsurge Frightening
•Patients turned back as hospital beds fill up in Lagos • Healthcare facilities not reporting pandemic deaths for fear of...
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Kano, Katsina, Borno Muslims shun Sultan, PTF, storm prayer grounds
Muslims in Kano, Katsina, Borno, Zamfara and Bauchi states on Sunday shunned a directive of the Sultan of Sokoto, Alhaji ...
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‘How N15.2 billion gross written premium raises investors’ confidence’
Despite worries about a recession, operators in the nation’s insurance industry are beginning to explore digital avenues to aid the...
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Financial service provider raises N10 billion bond issuance
Aligning with its organisational objectives for Year 2020, United Capital Plc said it has successfully raised the sum of N10billion...
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CBN sets 2022 deadline for MfBs’ N200m recapitalisation
Central Bank of Nigeria (CBN) has set April 2022 deadline for tier-1 Microfinance Banks (MfBs) to achieve N200 million minimum...
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CSCS Shareholders Approve N4.3bn Dividend Payout
The Central Securities Clearing System (CSCS) Plc recently held its 26th annual general meeting (AGM), where shareholders approved N0.86 dividend...
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Equities market’s bullish streak raised investors’ gain to N694bn
The equities market reversed the loss from the previous week following a bullish streak on all trading sessions last week...
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UK Bulk Buys Hydroxychloroquine as Potential Covid-19 Treatment
Hydroxychloroquine, the anti-malarial drug being taken by Donald Trump as an unproven protection against coronavirus, is being bought in bulk...
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Covid-19: African Govts Need $154bn to Close Gap in 2020, Says Adesina
Warns debt may rise from $1.8tn to $2.1tn Projects 3.4% GDP loss in worst scenario Sets aside $10bn for public,...
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Anxiety lingers over implementation of Oronsaye report
AFTER many years of procastination the much hyped civil service reforms which has been on hold, may have become inevitable...
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Nigeria’s coronavirus burden hits 7,526 with 265 new cases
Laboratory tests confirmed 265 new cases of coronavirus infections on Saturday night, raising the country’s total to 7, 526. ...
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FG Considers Models to Reopen Economy
The federal government is actively considering models to gradually reopen the economy following the easing of lockdown and closure of...
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COVID-19: Eight days after, Presidency fails to send Madagascar’s drug to NAFDAC
Drug still in SGF’s office, testing may be delayed till June –Sources Lagos enlists 600 patients for chloroquine clinical trial,...
Read moreLagos won’t touch salaries, to prevent job losses – Sanwo-Olu
Governor Babajide Sanwo-Olu of Lagos State has assured that despite the effects of COVID-19, the state government would not touch...
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BUA Cement Delights Shareholders with N61bn Profit, Dividend Payment
When Chairman of BUA Group, Alhaji Abdul Samad Rabiu, decided to merge the cement companies in the group late last...
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Buhari approves order granting autonomy to state legislatures, judiciary
President Muhammadu Buhari has signed into law, Executive Order No. 10 of 2020 for the implementation of financial autonomy of...
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Lagos made more money than 26 states combined –NBS
Lagos State has retained its place as Nigeria’s economic capital, generating N398.7bn in 2019 alone. The sum is the...
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BREAKING: COVID-19 cases hit 7261 in Nigeria, 221 deaths
Cases of the ravaging COVID-19 virus in Nigeria have now increased to 7261. The Nigeria Centre for Disease Control (NCDC)...
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World Bank to Decide Nigeria’s $1.5bn Loan July, Says Country Rep
The World Bank expects to make a decision in late July on a $1.5 billion loan to support Nigeria as...
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