Economy
Oil records second monthly drop, unsold cargoes increase
Crude oil in the Organisation of Petroleum Exporting Countries reference basket dropped for the second consecutive month in April, shedding...
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Naira to depreciate further – Analysts
Economists and other development experts are forecasting a sustained weakening of the national currency’s (Naira) exchange rates against other international...
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NBS: Nigerians Spent N40.20tn on Food, Transport, Others in 2019
The total national household consumption expenditure on food and non-food items stood at N40.20 trillion in 2019, according to the...
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Currency in circulation rises by N11.38bn in one month
The total currency in circulation in the country rose to N2.3tn as of April 30 from N2.29tn on March 31,...
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NSE All-Share Index Rises 0.8% as Market Sustains Positive Performance
The stock market rose further Thursday as buying interest in bellwethers such as Dangote Cement Plc, Nestle Nigeria Plc and...
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Breaking: Nigeria Records 184 New Cases of COVID-19, Six Deaths
Nigeria had recorded 184 new cases of COVID-19, bringing to 4971 the total number of confirmed cases in the country....
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FEC approves N48b for power, NPA, other projects
AT a virtual meeting presided over by President Muhammadu Buhari, the Federal Executive Council (FEC) on Wednesday approved N47, 918,916,821.90...
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NLNG shareholders set 2025 production target for Train 7
With Train 7 completion date expected in five years, shareholders of the Nigerian LNG Limited, yesterday, approved the award of...
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FG adjusts 2020 budget to N10.52tn, adopts $25 oil benchmark
The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn. The budget deficit...
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Nigerian treasury bills oversubscribed by N132bn
The Nigerian Treasury Bills auctioned for the month of May was oversubscribed by N132bn. The Debt Management Office disclosed...
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Analysts predict higher inflation rates
Economists and development analysts at the Centre for the Study of Economies in Africa (CSEA) have projected that the nation’s...
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Renewed interest in bellwethers pushes NSE’s indices by N7 billion
The equities market halted losing streak to close in an upbeat yesterday, occasioned by renewed interest in high value stocks,...
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House of Reps to approve Buhari’s N850bn loan request
The House of Representatives is set to approve the request by President Muhammadu Buhari to source a loan amounting to...
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EFCC arrests two Chinese for offering N100m bribe to official
The Economic and Financial Crimes Commission (EFCC), Sokoto Zonal Office, has arrested two Chinese men, Meng Wei Kun and Xu...
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DMO to Raise N60bn through Bond Auction
The Federal Government through the Debt Management Office (DMO) is set to raise N60 billion through bond issuance. The...
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Nigeria, others to lose $200bn in 2020, says IMF
Nigeria and other countries in sub-Saharan Africa will lose about $200bn in incomes by the end of 2020, according to...
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‘Why Nigeria should avoid Madagascar’s COVID-19 drug’
• We must try our own formulations first, PSN insists • PDP seeks adoption of local remedies • We are...
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Analysts forecast bright outlook for Nigeria’s oil earnings
Despite Federal Government’s substantial cut of the oil price benchmark to $20 per barrel a few days ago, Nigeria’s revenue...
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Foreign reserves gain $1.22bn in 11 days
Foreign reserves have risen to $34.65bn within eleven days, latest figures from the Central Bank of Nigeria have indicated. ...
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NSE All-Share Index Sheds 1.06% on Continuing Profit Taking
Profit taking continued at the stock market yesterday, leading to a decline of 1.06 per cent in the Nigerian Stock...
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Abuja Disco to Begin Disconnection of Customers Today
The Abuja Electricity Distribution Company (AEDC) has said it will commence the disconnection of customers who have defaulted in the...
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‘Expect population surge in Ogun after lockdown’
Family planning service providers in Ogun State have lamented the low turnout of women using various contraceptives methods in this...
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SEC reopens head office, promises to protect investors
The Securities and Exchange Commission says following the Federal Government’s partial easing of the lockdown measures introduced to minimise the...
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Buhari orders importation of Madagascar COVID-19 herb
President Muhammadu Buhari has directed the airlifting of Nigeria’s allocation of the Madagascar syrup, reportedly effective for the COVID-19 treatment....
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Dollar sells for N445 as forex scarcity persists
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex...
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