Economy
LIRS Introduces e-Tax Platform
The Lagos State Revenue Service (LIRS) has introduced an e-platform portal to make the process of tax payment easier and...
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Foreign reserves drop by $558.68m in two weeks
The country’s foreign exchange reserves continued its downward trend as it dropped from $39.8bn on November 11 to $39.24bn on...
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How insurers’ N6 billion claims settlement in Q3 raised confidence
The modern insurance claims process is increasingly complex. More variables and data are constantly coming into play, but carriers must...
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MTN showcases 5G with demo
MTN Nigeria has showcased its 5G network with a live demonstration. The new MTN 5G network is in partnership with...
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Subsidy on petrol costs NNPC N1.2bn daily — PPPRA
Latest data from the Petroleum Products Pricing Regulatory Agency (PPPRA) indicates that petrol under recovery (commonly called subsidy) is now...
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Refineries lost N111bn in nine months, says NNPC
The three refineries owned by the Federal Government lost a total of N111.27bn from January to September this year, the...
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Buhari may sign 2020 budget on Tuesday
Barring any last-minute change, the President, Major General Muhammadu Buhari (retd.), is billed to assent to the 2020 Appropriation Bill...
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Total pension assets rise to N9.8tn
The total assets under the Contributory Pension Scheme rose to N9.81tn as of the end of October, the National Pension...
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Analysts review equity market outlook for 2020
The analysts, who spoke during this year’s edition of INVEST 2020 traders and investors summit, organised by Investdata Consulting Limited...
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Dangote refinery’ll help Nigeria save $10bn forex — Minister
The Minister for Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Sunday that the refinery being built by...
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Nigeria falls short of economic growth expectation – IMF
The International Monetary Fund has said oil-dependent economies, including Nigeria, continue to fare less than countries reliant on other export...
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Minimum wage: NLC gives 32 govs Dec 31 deadline
The Nigeria Labour Congress yesterday gave December 31, 2019 deadline to 32 state governors to either pay the N30, 000...
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ARM Buys into Firm to Enhance Investment Opportunities
Asset & Resource Management Holding Company Limited (ARM HoldCo) is making an equity investment in Trove – a micro-investing application...
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Nigerian, other African airlines may lose another $200m in 2020
The International Air Transport Association (IATA) yesterday released its forecast for the year 2020, with Nigerian airlines and their African...
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NEITI unveils owners of oil firms, mining licences
The Nigeria Extractive Industries Transparency Initiative on Thursday unveiled the extractive sector beneficial ownership register for Nigeria. NEITI’s Executive...
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FG to audit spectrum licences issued in last two decades
The Federal Government is planning to carry out frequency audit on all the spectrum licences issued from inception till date,...
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Electricity workers suspend strike, reps back agreement with FG
The leadership of the House of Representatives has said it will ensure the implementation of the agreement between the National...
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Banks refund N76.7bn, $20.9m to customers —CBN
The Central Bank of Nigeria has said the amount of money refunded to bank customers as of November 30, 2019,...
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Subscribers losing money to telecom-related financial crimes, says NCC
The Nigerian Communications Commission (NCC) has said that malevolent use of modem technologies is taking its toll on the Nigerian...
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PPPRA faces Senate probe over unremitted N800bn FERMA fund
President of the Senate, Ahmad Lawan, has said that the Senate will investigate the Petroleum Products Pricing Regulatory Agency over...
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Electricity consumers lodge 297,897 complaints in six months
The number of complaints received by electricity distribution companies in the country from consumers rose to 297,897 in the first...
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NSE Counsels New Stockbrokers against Market Infractions
The Chief Executive of Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has restated the exchange’s zero tolerance policy on all...
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Senate begins probe of N20tr unremitted stamp duties
The Senate raised the alarm yesterday over the non-remittance of over N20 trillion revenue collected as stamp duties, mandating its...
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FIRS workers threaten strike over Fowler’s handover to Aina
Workers of the Federal Inland Revenue Service on Tuesday faulted the decision of the immediate past Chairman of the FIRS,...
Read moreCBN targets 70% loan-to-deposit ratio by 2020
The Central Bank of Nigeria (CBN) has said it plans to increase the loan-to-deposit ratio from the current 65 per...
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