Economy
7.5% VAT: Business groups raise concern over unmoved stock, growth
Speaking exclusively to Daily Trust yesterday, the Vice President of the Abuja Chamber of Commerce and Industry (ACCI) in charge...
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Nigeria’s debt now N26.22tn, says DMO
The Federal Government and the 36 states as well as the Federal Capital Territory owed a total N26.22tn as of...
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Refineries posted N123.3bn loss in 10 months – NNPC
The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January...
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Oil firms may stake $30 billion on exploration this year
Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip...
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ACCA study sees low economic confidence, debt risks
A gauge of the nation’s economic confidence in the fourth quarter (Q4) 2019, showed not jus a dip, but a...
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Inflation, capital flow top agenda at MPC
Members of the Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) will today converge on Abuja for a two-day...
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Stock market sustains sliding profile, as indices plummet by N2b
The Nigerian equities market sustained prior day’s downtrend yesterday, as more bluechip stocks prices shed some weight, resulting to a...
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Oxford English Dictionary recognises some Nigerian English words
The Oxford English Dictionary on Tuesday admitted 29 Nigerian words and expressions in its January updates to the dictionary. ...
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Subsidy may rise as fuel marketers demand higher margins
The Federal Government may have to spend more on petrol subsidy as oil marketers in the country have called on...
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Nigeria Presents $114bn SDGs Private Sector Investment Opportunity
A study by Standard Charted Bank has revealed that the about $114.2 billion private-sector investment opportunity in contributing to the...
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Shipping sector needs $1 trillion to decarbonize by 2050, says report
About $1trillion of capital investment in land-based and ship-related infrastructure is required to halve international shipping’s greenhouse gas emissions by...
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Bank customers groan as glitches mar e-transactions
Many customers of the tier 1 bank, Guarantee Trust, yesterday lamented their inability to seamlessly make online transactions due to...
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$1.8trn available for investments in Africa — AfDB
The African Development Bank (AfDB) has said the total assets under management alone by pension funds, sovereign wealth funds and...
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Investors Trade N3.7 Billion Shares as Market Pares Gains
Investors staked N3.713 billion on 272.839 million shares in 4,945 deals at the stock market yesterday, even as price losses...
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Why national carrier plan failed
The inability of the Federal Government to yet get credible technical partners and investors to support the proposed new national...
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IMF: Rwanda GDP to Grow 8% in 2020
Rwanda’s economy is expected to grow by eight per cent this year and in 2021 versus an estimated 8.5 per...
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Oil price hits $65 as Libyan oilfields shut down
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya...
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PenCom orders PFAs to raise retirees’ pensions
The National Pension Commission has directed the Pension Fund Administrators to implement pension enhancement for retirees on programmed withdrawal under...
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Buba Now SunTrust Bank CEO
SunTrust Bank Limited has appointed Mrs. Halima Buba as its Managing Director/Chief Executive Officer. The Central Bank of Nigeria...
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Global FDI declines to $1.39 trillion, says UN
United Nations Conference on Trade and Development (UNCTAD), has said global foreign direct investment (FDI) remained flat in 2019, standing...
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Growth Prospects for MSMEs Widen as Buhari Signs Finance Bill
Tax experts have welcomed the signing of Finance Bill 2019 into law by President Muhammadu Buhari, saying it will improve...
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Borrowing rates may fall, says CBN report
A recent consumer survey by the Central Bank of Nigeria showed that members of the public expected a fall in...
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Customs generate N1.34tn, surpasses target by N403bn
The Nigeria Customs Service generated a total of N1.34tn revenue for the government in the 2019 fiscal year. The Public...
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Lagos allays fear over rising debts, says sustainability on par with global levels
Lagos State Government has reassured that there is no need for worries regarding its volume of debts both local and...
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NSE CEO to Review Market Performance, Unveil Plans for 2020
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema will on Monday lead other members of...
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