Economy
Nigeria will get first tranche of $3bn loan soon – World Bank
The World Bank has confirmed that discussions on its first tranche of the $3bn loan request to Nigeria have reached...
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Amotekun personnel: South-West govs to write IG for gun licence
There were indications on Sunday that the South-West state executive councils would on Wednesday discuss the bills on Amotekun corps....
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Northern Govs Reject Regional Security Outfit, Shege Ka Fasa
The plan by the Coalition of Northern Group (CNG) to establish a local security outfit known as “Shege Ka Fasa”...
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Pipeline vandalism rose by 94% in November, says NNPC
The Nigerian National Petroleum Corporation said on Sunday that it suffered a 94 per cent increase in willful hacking and...
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Alleged Financial Infractions: Banks to Refund N112.82bn to Imo
Nine commercial banks are to refund a total sum of N112.82 billion to the coffers of the Imo State government...
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Cash reserve policy takes N855b off banks’ vaults
THE Monetary Policy Committee of the Central Bank of Nigeria (CBN’s) decision to raise Cash Reserve Requirement (CRR) rate for...
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How N7.5 billion GPW will boost policyholders’ confidence
As insurers express commitment to the ongoing industry recapitalisation exercise, they have explained that a process is a form of...
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External debt servicing gulps $1.08bn in nine months — DMO
The Federal Government spent a total of $1.08bn (N400.90bn) on external debt servicing between January and September 2019. Data...
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USAID, UBA Seal Deal to Boost Africa’s Trade
The United States Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for...
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VAT on calls: Meet FIRS, minister tells subscribers
The Minister of Communications and Digital Economy, Dr Isa Pantami, has asked subscribers who have expressed concern over the additional...
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Confusion over Senate’s bid to review constitution
Discordant reactions yesterday trailed the move by the Senate to review the nation’s constitution.The Senate President, Ahmed Lawan, constituted a...
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Nigeria lost N5.5trn to fraud, cybercrimes in 10 years — Forensic experts
Nigeria is estimated to have lost about N5.5trillion to fraud and cybercrimes in the last 10 years. This figure was...
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Electricity tariff hike will push cost above 40%, MAN warns
The Manufacturers Association of Nigeria (MAN), has charged the nation’s economic managers on the need to attract significant investment to...
Read moreForeign reserves dropped by $4.47bn in 2019 –CBN
Nigeria’s external reserves recorded a decline of $4.47bn from $42.54bn as of the beginning of 2019 to $38.07bn as of...
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Stakeholders rally Nigeria to $2.7tr halal economy
Leveraging on the high Muslim population nationwide, stakeholders have urged the Nigerian business community to tap into the international halal...
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Ogun Rejects Commercial Motorcyclists
The Ogun State government has said that its doors would not be opened to accommodate commercial motorcyclists whose operations were...
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House Pledges Assistance to Service Chiefs to End Insurgency
Less than one week after the House of Representatives urged President Muhammed Buhari to remove service chiefs for worsening insecurity,...
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States’ IGR hits N986.29bn in 9 months – NBS
The Internally Generated Revenue (IGR) of the 36 states and the Federal Capital Territory (FCT) rose to N986.29 billion by...
Read moreCBN targets $12 billion in export trade by 2024
The Central Bank of Nigeria (CBN) has disclosed plans to improve its agenda to diversify the nation’s economy from the...
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Notore Posts N8.2bn Revenue, N2.04bn Operating Profit in Q1
Notore Chemical Industries Plc has recorded a N2.04 billion operating profit in the first quarter(Q1) ended December 31, 2019, which...
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Oil prices jump after reports on coronavirus drug
Oil prices jumped by four per cent on Wednesday on media reports that scientists had developed a drug against the...
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NSE All-Share Index Sheds 1.2% on Continuing Bearish Trading
Profit-taking at the stock market continued wednesday driving the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by 1.19 per cent...
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Investors shift to penny stocks as decline continues
Investors appeared to be making strategic shift to dividend-hunting among low-priced stocks as the bearishness at the Nigerian equities market...
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Protests as Senate ignores AGF, okays N238.15b for customs
It was a session marked by protests in the Senate yesterday as the upper chamber approved N238.15 billion budget for...
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In Landmark Agreement, US to Return $308m Abacha Assets for Infrastructure
The Government of Jersey, the Federal Republic of Nigeria and the Government of the United States of America have entered...
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