Economy
Banks generate N675.9bn non-interest income in 9 months
A total of six banks generated N675.9bn from non-interest income in the first nine months of the year, an increase...
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Consolidated Hallmark Insurance Grows Nine Months’ Profit by 56% to N659m
Consolidated Hallmark Insurance (CHI) Plc has recorded impressive results for the nine months and is getting ready to raise additional...
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FG pays N157.3bn tax arrears to states
The Federal Government has paid the sum of N157.35bn Pay-As-You-Earn tax liabilities owed by Federal ministries, departments and agencies to...
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Customs Tighten Noose, Bar Supply of Petrol to Borders
The Nigeria Customs Services (NCS) has ramped up efforts to curtail smuggling with a directive to the Nigerian National Petroleum...
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Ghanaians enraged over border closure
Nigerians doing business in Ghana have been asked to quit their shops by Thursday, November 14, 2019, or be forcibly...
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FG bars cash transaction in post offices
The Federal Government has ordered the immediate termination of cash payment in offices of the Nigeria Postal Services across the...
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Nigeria’s Neighbours Must Obey Fair Trade Rules, Says Emefiele
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, wednesday said Nigeria’s neighbours must comply with fair trade...
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Bill to hike VAT passes second reading in Senate
An Executive bill forwarded to the National Assembly seeking to make changes in the Nigerian tax and fiscal law scaled...
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Border closure triggers boom in airport cargo movement
The Murtala Muhammed International Airport (MMIA) recorded over 100 per cent increase in cargo movement comprising import and export in...
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CBN’s examination shows breach of rules by BDC operators
Despite the increasing awareness and reforms in the Bureau De Change (BDC) sub-sector, a significant number of operators are below...
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FIRS woos foreign investors to Nigeria with attractive tax
The Federal Inland Revenue Service (FIRS), has tasked foreign investors to consider Nigeria as their first option for business considering...
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Nigeria lost $42bn to crude oil and products theft in 10 years – NEITI
Crude oil and refined products worth $41.9 billion were stolen from Nigeria in the last 10 years (2009 – 2018),...
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CBN stops treasury bills’ sale to individuals
The Central Bank of Nigeria has given a directive to banks and other financial institutions to stop the sale of...
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Customers Call for Lower Charges, Enhanced Security on Digital Platforms – Agusto & Co. Report
Customers have called on banks to enhance security measures on their digital platforms and reduce charges for frequently used services...
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PenCom Urges Workers to Update RSA
The National Pension Commission (PenCom) has urged contributors into the Contributory Pension Scheme(CPS) to go to their Pension Fund Administrators...
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Customs, firm bicker over seizure of controversial spoilt rice
The closure of Nigerian borders has elicited divergent views from stakeholders, but the seizure of contraband has been a common...
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Air Peace flight makes emergency return over engine failure
An Owerri-bound Air Peace flight from the Murtala Muhammed Airport, Lagos, on Tuesday morning made an air return over engine...
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Millions of Naira Property, Goods Lost to Lagos Inferno
A raging inferno yesterday gutted some high-rise buildings housing shops and residential homes at the Balogun Market, Victoria Island area...
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NNPC to build two new refineries
The Nigerian National Petroleum Corporation has said it is in the process of establishing two new 200,000 barrels-per-day condensate refineries...
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Agusto & Co. Assigns ‘4 star’ Ratings to Two Banks in Nigeria
Agusto & Co Limited, leading Pan African credit rating agency in Nigeria for over 26 years has released its 2019...
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FG to open Lagos-Ibadan road diversions Dec 15 ….orders relocation of trucks at Ogere
The Federal Government has said all diversions around construction zones on the Lagos-Ibadan Expressway will be opened to motorists from...
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Like Nigeria, India Set to Slam Fines on Palm Oil Importation
India, the world’s largest buyer of palm oil is to impose more heavy fines on imported palm oil products in...
Read moreDebt servicing gulped $1.09bn in nine months – CBN
Nigeria spent $1.09bn on debt servicing between January and September this year, a new report by the Central Bank of...
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Insurers to raise N50 billion fresh capital for recapitalisation
Out of the 58 insurance companies in the nation’s economy, seven have reached to their investors to mobilise a cumulative...
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Jan 31 not terminal date for border closure – Customs
The Nigeria Customs Service has said January 31, 2020 contained in a leaked memo is not terminal date for the...
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