Economy
Zenith Bank posts N208.8 billion profit in full year
Zenith Bank Plc has posted a profit after tax (PAT) N208.8 billion in its 2019 operations, against N193 billion recorded...
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Prepare for electricity tariff hike, TCN tells Nigerians
Nigerians should be prepared to pay cost-reflective electricity tariffs in order to enjoy the benefits of the liberalisation of the...
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Customs intercepts smuggled rice in gas cylinders
The Nigerian Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, has intercepted some foreign parboiled rice concealed in gas...
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FIRS, NIPOST face off over Stamp Duty collection deepens
Barely two days after the Federal Inland Revenue Service (FIRS) told the Ogun State Governor, Dapo Abiodun, that it is...
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Stock market halts five-day losing streak, gains N24bn
Activities on the Nigerian Stock Exchange closed on a positive note on Thursday, putting a halt to five consecutive days...
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Senate moves to enforce compliance with audit rules
The Senate is working on a legislation to compel the Federal Government and its agencies to submit their accounts for...
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Study: 91% of Africa’s Leaders Explore Data Analytics
A recent study conducted by IBM Institute for Business Value (IBV) in cooperation with Oxford Economics, has revealed that market...
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Nigeria lost $750m to oil theft in 2019 – NNPC
The Nigerian National Petroleum Corporation (NNPC) on Tuesday disclosed that the nation lost about $750 million to oil theft in...
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Experts allay fear of naira devaluation in 2020
Experts in the financial system have allayed fears of possible devaluation of the Naira this year, considering various strategies the...
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World Bank okays $2.185b to fight poverty, corruption in Nigeria
THE World Bank has approved $2.185 billion to support six projects that it says would boost the country’s development. According...
Read moreFIRS targets 17% tax to GDP ratio by 2023
The Federal Inland Revenue Service has said that it will raise Nigeria’s tax ratio to Gross Domestic Product ratio from...
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NNPC, IOCs commit $360m to Ogoni clean-up project
The Nigerian National Petroleum Corporation (NNPC) and its Joint Venture (JV) partners have disbursed $360 million towards the Ogoniland Clean-Up...
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Our tariffs up by 50% April 1 –Ikeja Disco
Ikeja Electric Plc says its tariffs will go up by 50 per cent beginning from April. The Disco disclosed this...
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Stanbic IBTC Leads Afreximbank’s N300bn Bond Issiuance Programme
Stanbic IBTC Capital Limited, a subsidiary of the Stanbic IBTC Holdings Plc has established a N300 billion Domestic Bond Programme...
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Nigeria’s investments on fixed assets hit $39.2bn in 5 yrs
Nigeria’s Fixed Gross Investments rose by $39.2 billion in five years, from $59.6 billion recorded in 2016 to $98.2 billion...
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Equities open with N96b loss amid sell-offs
NIGERIAN equities reopened on Monday with continuing bearish sentiment as selloffs across the sectors depressed investors’ value by N96 billion....
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Savings Accounts Not Exempted from Stamp Duty Charges, Says FG
The federal government has clarified that deposits into savings accounts that is up to N10,000 are not exempted from the...
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Milk import waiver: Experts differ on CBN concession to 6 firms
Economic experts have differed on the latest Central Bank of Nigeria’s (CBN) decision to exclude six milk importers from the...
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Nigeria, other African countries’ debts raise new fears
The pace of debt accumulation by the continent’s economies, with particular reference to the sub-Saharan Africa (SSA), where Nigeria assumes...
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Group Organises Forum on NIN
The Convention on Business Integrity/The Integrity Organisation in collaboration with ActionAid, and other partners are set to hold the sixth...
Read moreEquities slow down as investors lose N162b
Investors in Nigerian equities lost N162 billion in capital gains as turnover at the stock market declined by more than...
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Nigerians in China seek evacuation over coronavirus
Some Nigerians still in China, including students, are not happy they are ‘trapped’ in the Asian country. A Nigerian student...
Read morePower sector loss hits N1.7trillion
THE Nigeria Electricity Regulatory Commission (NERC) on Thursday said that the entire market participants in the Nigeria Electricity Supply Industry...
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CBN Offers Longer-term Naira Contracts to Lure Investors
The Central Bank of Nigeria (CBN) has introduced longer-term contracts on the naira in a move to attract more foreign...
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West African traders seek end to international border closure
West African cross border traders under the aegis of the West Africa Association for Cross Border Trade in Agro-Forestry Pastoral...
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