Economy
Ecobank posts $90million profit in Q1
Ecobank Nigeria Limited has recorded $90 million Profit Before Tax (PBT) in the first quarter ended March 31, this year....
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Over 40% of Nigerians poor, Sokoto tops chart – NBS
The National Bureau of Statistics (NBS) has reported that four out of every 10 Nigerians are poor. The bureau gave...
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Nigeria Receives $311m Abacha Loot Repatriated from US, Jersey
The federal government on Monday confirmed the receipt of approximately three hundred and eleven million, seven hundred and ninety-seven thousand,...
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FG Targets October Deadline for Oronsaye Report Implementation
· EFCC, ICPC, CCB to survive merger plan · Fiscal Responsibility Commission, NAPEP, others to go Barring unforeseen circumstances,...
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Fidelity Bank Reports N6.6bn Q1 Profit, Reassures Stakeholders
Fidelity Bank has reported N6.6bn Q1 profit, and has reassured its stakeholders that it will continue to take measures to...
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Nigeria Records 170 New Cases of COVID-19
Nigeria has recorded 170 new cases of COVID-19, bringing to 2558 the total number of confirmed cases in the country....
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Lagos orders civil servants to stay at home, banks to reopen
Lagos State Governor, Babajide Sanwo-Olu yesterday said in spite of easing the lockdown today, civil servants should continue to stay...
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FG retains N125/litre petrol price despite crude oil crash
The Federal Government has failed to review the N123.5 to N125/litre pump price of petrol for the month of May...
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FG confirms Thomas as commissioner for insurance
The President, Major General Muhammadu Buhari (retd.), has approved the appointment of Mr Sunday Thomas as the substantive Commissioner for...
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Insurers pay policyholders N1.7b as fire outbreak claims hit N2.7 billion
Determined to change the perceptions Nigerians about the nation’s insurance industry, few among the operators especially during the global pandemic...
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CBN, Bankers’ Committee halt mass sack in banks
THE anticipated mass sack in the banking sector has been halted by the Central Bank of Nigeria (CBN) and Bankers’...
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Anxiety as Daar Communications awaits results of more COVID-19 tests
There is anxiety among members of staff of DAAR Communications, owners of RayPower FM and AIT television stations as they...
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FCT, Ogun go tough on lockdown
Warn non-domiciled workers to stay away Lagos rolls out guidelines for transporters, commuters as lockdown is relaxed The authorities...
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Eleven banks paid N8bn IT levy in 2019 –Reports
Eleven Nigerian banks paid about N8.08bn Information Technology-related levies to the government in 2019, the audited financial reports of the...
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COVID-19: Relaxing lockdown premature — Nigerian doctors
The Nigeria Medical Association (NMA) on Friday spoke against the decision of the Federal Government to relax the stay-at-home order....
Read moreFuel subsidy will not return, FG assures IMF
The Federal Government has pledged that it will ensure that fuel subsidy, which was recently removed, does not re-emerge. ...
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Unilever Reports N13.33bn Revenue in Q1
Unilever Nigeria has released its unaudited report for the period ended 31st March 2020. The company recorded turnover of...
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…says Nigeria’s oil, gas exports to fall by $26.5bn
The International Monetary Fund has said Nigeria’s oil and gas exports are expected to fall by at least $26.5bn this...
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Subscribers lament slow speed as lockdown raises data use
• Traffic increases by 15 per cent as telcos’ revenue grows • Virtual operations take centre stage, cut overhead cost...
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$3.4bn support: IMF to conduct due diligence on CBN
Indications have emerged that the International Monetary Fund is to conduct a due diligence exercise on the Central Bank of...
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FIRS Gives Deadline on Tax Interests, Penalties Waiver
Federal Inland Revenue Service (FIRS) is to waive interests accruable to debts as well as the related penalties for defaulting...
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Shell cuts dividend to investors first time in 80yrs
Royal Dutch Shell with strong presence in Nigeria’s petroleum industry upstream sub-sector through its subsidiary Shell Petroleum Development Company (SPDC),...
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Increasing tomato production
Tomato is an important vegetable crop in Nigeria. It is widely grown for home consumption and for sale. Its demand...
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CBN Extends Deadline for Microfinance Banks’ Recapitalisation
In consideration of the impact of the COVID-19 pandemic on economic activities in the country, the Central Bank of Nigeria...
Read moreFG shops for N4.1 trillion to fill 2020 financing gaps
Despite accessing $3.4billion from the International Monetary Fund (IMF), the Federal Government still needs at least $10.6billion or about N4.1trillion...
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