Economy
Nigeria’s 2020 Finance Act will end tax multiplicity- FIRS
Mr Isola Akingbade, Coordinator, Federal Inland Revenue Service (FIRS) in Ondo, Ekiti, and Kwara, says the 2020 Finance Act will...
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IFC announces $25million shared-risk facility for Nigerian bank’s customers
International Finance Corporation (IFC), a member of the World Bank Group, yesterday, announced a $25million local-currency investment in a risk-sharing...
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Dipping oil prices threaten budget 2020
GLOBAL crude oil prices continued to contract on Thursday as countries across the world continue to record new cases of...
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FG awards N29.2bn roads to Niger Republic borders
The Federal Executive Council on Wednesday approved the award of two roads contracts linking Nigeria’s borders with the Republic of...
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NNPC to Double Nigeria’s Domestic Gas Supply, Export Fuel by 2023
The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline...
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CSL stockbrokers appointed as new stockbroker to the Federal Government
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of...
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Reps probe banks charges
The House of Representatives Committee on Banking and Currency has been mandated to liaise with professional financial consultants to investigate...
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Nigeria’s recession buffer weak as Coronavirus drives oil near $47/bbl
• Rising insecurity threatens investment, diversification With the impact of the coronavirus taking a toll on oil demand and...
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Nigeria recorded $29.91 billion investment inflows in 2019
About $29.91billion worth of investments were recorded in the Nigerian economy as at the end of 2019, the Nigerian Investment...
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New Report Rules out Naira Devaluation in 2020
A new report has revealed that naira devaluation is unlikely in 2020 despite it being nine per cent overvalued and...
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Housing Fund: 4.65m contributors lack access to mortgage, loans
As the Federal Mortgage Bank of Nigeria’s (FMBN’s) National Housing Fund accruals hit N360bn, 4,647,000 out of the five million...
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Passenger revenue lost to coronavirus hits $29.3 billion
• If you are sick, don’t travel, flight dispatchers advise Nigerians As the coronavirus epidemic continues to spread and...
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Tax evasion: Tribunal orders firm to pay N1.7 billion to FIRS
The Tax Appeal Tribunal, Lagos Zone, has ruled as lawful, an assessment in additional tax liability of almost N1.74billion awarded...
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Government agency, insurers to recover N45bn from fake insurance operators
The Federal Government is working with operators to recover about N45billion lost to fake insurance practitioners nationwide on Third Party...
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Oil Price Slumps to $56 as Coronavirus Spreads Globally
Crude oil price tumbled by three per cent yesterday, as the rapid spread of a coronavirus in several countries outside...
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Nigeria’s economy records 2.27% growth in 2019
The Gross Domestic Product (GDP) report released Monday by the National Bureau of Statistics (NBS) showed that Nigeria’s economic growth...
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NERC caps estimated billing, issues April 30 deadline for metering
Worried about the low level of prepaid meters deployment to electricity consumers, the Nigerian Electricity Regulatory Commission (NERC), has capped...
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Alleged N400m fraud: Court decides Metuh’s fate today
A Federal High Court in Abuja will today deliver judgment in the trial of former National Publicity Secretary of the...
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Selloffs persist, as investors’ wealth plunge further by N181 billion
Following massive selloffs in some bluechip stocks, transactions on the equities sector of the Nigerian Stock Exchange (NSE), reopened on...
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Experts peep into 2020, seek opportunities for insurers in economy
Experts have taken a critical look into the macroeconomic environment in 2020, x-raying the challenges and opportunities, as well as...
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We’ve not stopped cash deposits into domiciliary accounts – CBN
The Central Bank of Nigeria (CBN) has clarified that it has not stopped Deposit Money Banks (DMBs) from accepting cash...
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Reps committee summons NIMASA to explain unaudited accounts
The House of Representatives Committee on Public Accounts has summoned the management of the Nigerian Maritime Administration and Safety Agency...
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SEC moves to pay Ponzi scheme subscribers
The Securities and Exchange Commission (SEC) has said subscribers of the defunct Dantata Success and Profitable Company (DSPC), Kano, a...
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Dangote invests N63b in ANAMMCO plant
Dangote Group has entered into a long-term agreement with an Enugu-based automaker, Transit Support Services Limited, for the supply of...
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Foreign reserves drop by $1.64bn in five weeks
The country’s foreign exchange reserves continued its downward trend as it dropped by $1.64bn from $38.34bn on January 15, 2020...
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