Economy
Price losses outweigh gains on NSE as index slumps by 1.11 per cent
Price losses continued to outweigh gains on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks...
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Nigeria to spend N750.81bn on fuel subsidy in 2020
The Federal Government is expected to spend N750.81bn on petrol subsidy in 2020, latest data from the Petroleum Products Pricing...
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LCCI, experts say Nigerians should expect less from 2020 budget
The Abuja Chamber of Commerce and Industry (ACCI) has described the 2020 budget passed by the National Assembly as not...
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Buhari replaces Fowler, appoints Nami as FIRS chairman
President Muhammadu Buhari on Monday named a tax consultant, Mr Muhammad Nami, as the new chairman of the Federal Inland...
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N29bn debt: AMCON takes over Omokore’s company, Cedar Oil & Gas
Hon. Justice C.J. Aneke of the Federal High Court Lagos Division has granted an injunction against Cedar Oil & Gas...
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Moody’s Assigns Negative Outlook to African Banks in 2020
The 2020 outlook for African banks has changed to negative from stable, reflecting their weakening operating environment, Moody’s Investors Service...
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Buhari administration met $63.81bn debt, says DMO
The Debt Management Office on Monday said the President Muhammadu Buhari administration met a debt stock of $63.81bn when it...
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Roads: FG owes contractors N306bn, says Fashola
The Federal Government owes contractors working on federal road projects the sum of N306bn, the Minister of Works and Housing,...
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As Dangote Sets Pace in Refinery Construction
For decades, most advanced refineries and petrochemical plants globally have been coming online in China, Saudi Arabia and India. These...
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President directs MDAs to publish financial transactions online
President Muhammadu Buhari has directed the Office of the Accountant General of the Federation (OAGF) to henceforth, publish daily treasury...
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Air Peace to open Ibadan, Abuja, Kano, Owerri routes
As part of its no-city-left-behind initiative, Air Peace airlines has concluded plans to open the Ibadan route via direct flights...
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C & I Leasing Assures Stakeholders of Meeting 2020 Profit Target
C & I Leasing Plc yesterday assured stakeholders of meeting its 2020 profit target despite a likely financial error in...
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Report: Digital Banking Driving Financial Inclusion
Due to the increase in the number of Nigerians with access to mobile phones and the increasing internet penetration in...
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Fake Nigerian doctor sentenced to 54 years in prison
A high court sitting in Yola, Adamawa State, has sentenced one Ibrahim Mustapha, a fake medical doctor to 54 years...
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Foreign capital inflows into telecoms rise by $659.03m
Foreign capital investment into the telecoms industry rose by $659.03m between 2016 and 2018, representing a 70.8 per cent increase...
Read moreFowler’s tenure ends, fate hangs in the balance
The tenure of the Executive Chairman of the Federal Inland Revenue Service, Mr Babatunde Fowler, ended on Sunday with no...
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W’Africa Single Currency: A Journey to Nowhere?
Obinna Chima wonders if West African countries can ever meet the target of adopting a single currency in the region,...
Read moreECOWAS single currency report for adoption – Minister
Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed has said the report for the implications of the...
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Government under fire for withholding unemployment data from public
Three weeks to the end of the year, the quarterly reports on job creation and unemployment prepared by the National...
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Licence threat: Discos’ deadline expires, NERC keeps mum
The deadline issued by the Nigerian Electricity Regulatory Commission mandating the electricity distributors to comply with some industry requirements or...
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Misappropriations, economic challenges and $29.6b debt question
In May 2018, the Office of the Auditor-General for the Federation (OAuGF) released Audit report on the financial statements of...
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NIBSS, e-banking heads want to sustain 120% growth
The Committee of e-Banking Industry Heads (CeBIH) and the Nigeria Interbank Settlement System (NIBSS) and have disclosed plans to sustain...
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FMBN releases N75.5bn for 3,541 mortgages, others
The Federal Mortgage Bank of Nigeria processed and disbursed a total of N75.5bn for 3,541 mortgages and 25,242 home renovation...
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National Assembly passes N10.59 trillion 2020 budget
The Senate yesterday passed the 2020 budget, approving NIO.59 trillion as aggregate expenditure.The approved figure is N263.946 billion higher than...
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N7.1bn fraud: Mixed reactions as Orji Kalu bags 12 years
The Federal High Court in Lagos on Thursday convicted a former governor of Abia State, Orji Kalu, of N7.1bn fraud...
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