Economy

With declining revenue, Nigeria’s debt position will be worsened as the government is set to embark on massive borrowing of...

DFI’s facilitation drives trade volume between Africa, Russia to $20 billion

Business

Afreximbank cancels AGM

by Admin

African Export-Import Bank (Afreximbank) has cancelled its 27th Annual General Meeting due to the COVID-19 pandemic. It is now to...

Nigeria

NESG forecasts 4.1% GDP rate decline for Nigeria

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The Nigeria Economic Summit Group on Monday projected that under a best case scenario, with global oil price averaging $35/barrel...

Market reverses previous gains as index plummets by N188 billion

Markets

Stock market ends rally with N49 billion plunge

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Following price losses suffered by most blue-chip stocks, the Nigerian equities market reopened on a downturn yesterday, as market capitalisation...

Economy

CBN Assesses Funding Requests for Nigerian-made COVID-19 Vaccines

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•248 new cases bring tally to 4,399 with 778 discharged, 143 dead •FG increases testing laboratories to 23 •CACOVID pledges...

Economy

States set to adopt new mortgage law

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The Nigeria Mortgage Refinance Company has said more states across the country are showing interest in the new mortgage law....

Banking sector attracted $1.89bn investment in Q2 – NBS

Economy

Nigerian households spent N2tn on fuel, electricity in 2019 –NBS

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Households in Nigeria spent a total of N2.02tn on fuel and electricity in 2019, the National Bureau of Statistics has...

Business

UAC sets July date to divest from UPDC

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UAC of Nigeria (UACN) Plc has said it would unbundle its ma jority stake from its loss-making property arm UACN...

Why FG’s bonds were oversubscribed in 2019 – Expert

Nigeria

Borrowing: W/Bank, AFDB to approve Nigeria’s request by June – DMO

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The Federal Government has disclosed that the $1.5billion loan request from the World Bank and the additional $500 million loan...

Airlines risk collapse, seek bail-out funds over covid-19 losses

Business

Importers worry over N2bn air cargo storage charge

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There are billions of naira worth of overtime cargoes at the airports with accumulated storage fees amounting to over N2bn,...

Milk import waiver: Experts differ on CBN concession to 6 firms

Economy

Foreign investors free to repatriate their funds – CBN

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The Central Bank of Nigeria (CBN), has assured investors interested in repatriating their funds from Nigeria that they can do...

Sell pressure in 15 stocks drag NSE’s indices by N28 billion

Markets

Cheap assets, lockdown easing, others push NSE’s indicators by 4.45%

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Cheap stocks prices, gradual easing of the lockdown, and inflow of facilities from the International Monetary Fund (IMF), propelled activities...

CSL stockbrokers appointed as new stockbroker to the Federal Government

Markets

Global Stock Markets Lose $18tn to Pandemic, Says Report

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Over $18 trillion have been wiped out globally by the COVID-19 crisis between February and March 2020, even as capital...

Banks’ software investment rises 55% to N120bn

Business

Seven Nigerian banks post N209.16bn profits

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Seven Nigerian banks recorded a combined profit after tax of N209.16bn in the first quarter of this year, their unaudited...

Lagos orders civil servants to stay at home, banks to reopen

Economy

COVID-19: Sanwo-Olu threatens total lockdown over poor compliance

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The Governor of Lagos State, Mr Babajide Sanwo-Olu, has threatened to impose a total lockdown on the state if people...

Nigeria records 23 new cases of COVID-19, total now 174

Economy

COVID-19: Cost of treatment above N100, 000 per patient as cases climb to 4, 000

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• Patients Treated With Cocktail Of Drugs Plus Prescription Antiviral • Treatment Largely Based On Symptoms • Nigeria Considering Home...

Nigeria

Refineries produced no petrol in eight months – NNPC

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No drop of petrol or kerosene was produced by any of the refineries under the management of the Nigerian National...

Oil prices fall again on recession fears

Economy

Report: Rising Oil Prices Will Have Significant Political Cost for Nigeria

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As Nigeria anxiously expects oil prices to rise to a comfortable position and boost the country’s confidence to recover from...

Breaking

Again, Ogun extends lockdown by one week

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Ogun State Governor, Dapo Abiodun, on Friday, for the second time, ordered the extension of the lockdown by one week....

Nigeria

US slashes imports of Nigerian oil by 60%

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The United States cut its imports of Nigerian crude oil by 60.37 per cent to 1.93 million barrels in January...

NPA earmarks N202 billion for 2020 operations

Economy

Non-oil goods account for Nigeria’s 22% exports, says NPA

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Nigerian ports handled 191 million metric tonnes of export cargo in 2019. Out of these, crude oil accounted for 78...

Chinese investments in Nigeria’s real sector hit $3bn

Economy

Nigeria-China COVID-19 row puts $20bn investments at stake

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The recent event in Guangzhou, China, where some Nigerians were allegedly maltreated, almost soured relations between Nigeria and the East...

COVID-19: Govt finds 3,550 contacts, concern as cases reach 190

Nigeria

Isolation Centres Running out of Bed Spaces, FG Warns

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•Cases rise to 3,912, with 117 deaths •Lagos, Kano, Zamfara struggle with places for patients •Lagos fears patients may increase...

Economy

253 Nigerians evacuated from UK arrive Lagos

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