Economy
AfDB seals $250m deal for region’s trade financing
African Development Bank (AfDB), in its push to facilitate inter and intra Africa trade, and reduction of trade financing gap...
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N1tr wasted on constituency projects, says Buhari
President Muhammadu Buhari yesterday said N1 trillion had been spent on constituency projects in 10 years with no direct bearing...
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NNPC spends N1bn daily, petrol subsidy hits N19.37/litre
Data obtained from the Petroleum Products Pricing Regulatory Agency on Tuesday showed that the Nigerian National Petroleum Corporation was subsidising...
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Complaints over banking fraud, ‘agressive’ charges, others hit 1,612
Despite public outcry, the spate of inexplicable charges associated with banking in the country remain on the upswing, as a...
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Electricity: Govt’s N1.5tn intervention ineffective, unsustainable says AfDB
Government’s intervention in Nigeria’s power sector has not only been ineffective but also unsustainable, the African Development Bank has said....
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Samsung Galaxy Fold launched in Nigeria
The revolutionary Samsung Galaxy Fold has been launched in Nigeria. The Galaxy Fold is infused with an integration of tablet...
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NPA earmarks N202 billion for 2020 operations
The Nigerian Ports Authority (NPA), has proposed and defended a budget of N202 billion it intends to spend for the...
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CBN recorded $11.69bn forex inflow in Q3
Central Bank of Nigeria says it recorded a total of $11.69bn foreign exchange inflow in the third quarter of 2019....
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AMCON Takes over Ex-minister’s Assets Over N1bn Debt
Following the order of Hon. Justice Chuka Austine Obiozor of the Federal High Court, Lagos, the Asset Management Corporation of...
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Underwriters target higher premium in 2020
The nation’s underwriters are optimistic that the industry would make more premium income from Group Life Insurance business in Year...
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Nigerian Banks’ N43.7tn Total Assets Low, Says Soludo
A former Central Bank of Nigeria (CBN) governor, Prof. Chukwuma Soludo, has said that the total size of Nigerian banks’...
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Untamed food prices dash hopes of Central Bank’s rate cut
Any remaining hopes of an interest rate cut by the Central Bank of Nigeria (CBN) in the near term have...
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Inflation rate rises to 11.61% in October – NBS
Inflation rate rose by 11.61 percent in October 2019, being 0.36 percentage points higher than the 11.24 percent recorded in...
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FG, oil firms owe NDDC N1.27tn, $73m — N’Assembly
The National Assembly has said it is set to invite some Federal Government officials and 17 local and international oil...
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Court stops Mastercard from issuing national identity cards
Justice R.M. Aikawa of the Federal High Court in Lagos has told Mastercard and its agents to stop issuing the...
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The irony of going cashless to grow economy
Recently, the Central Bank of Nigeria announced a new policy on cash-based transactions that stipulates a cash handling charge on...
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BOI proposes 1 digit interest rate on vessel financing
The Managing Director of the Bank of Industry (BOI), Olukayode Pitan, has advised the management of the Nigerian Maritime Administration...
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Sanwo-Olu in China, Seeks Collaboration for Lagos Development
Barely three months after his trip to Japan with President Muhammadu Buhari for the 7th Tokyo International Conference on African Development,...
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Blackout looms as Gencos threaten shutdown over charge
Nigeria may experience widespread blackout soon as power generation companies have unanimously agreed to call the bluff of the Nigerian...
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FG using data to monitor lifting of 100m out of poverty
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has said that the federal government has...
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Air Peace, Embraer seal three $212.6m aircraft deal
Air Peace and Brazilian aerospace conglomerate, Embraer, have signed a contract for three additional E195-E2 confirming purchase rights from the...
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Border Closure: Nigeria, Benin, Niger to form border police
Nigeria, the Republic of Benin and Niger have agreed to establish a joint border police to check the influx of...
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‘Why bill to criminalise estimated billing may not work’
Some stakeholders in the power sector, yesterday, expressed serious worry over a bill at the National Assembly aiming to criminalise...
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Yuletide: Airport Security Operatives, Others May Face More Challenges
There are indications that the large turnout of air travelers and cargo movement anticipated during the yuletide will multiply the...
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Nigeria ripe for partnership with global tech giants, says Osinbajo
Vice President Yemi Osinbajo has declared that Nigerians’ creativity and resourcefulness in the technology space present great opportunities for partnerships...
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