Economy
Listed firms raise N768.7bn capital in three years
Companies that are publicly listed in the capital market have raised a total of N768.7bn capital in the last three...
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Olam pays N120bn to acquire Dangote Flour Mills
Shareholders of Dangote Flour Mills Plc (DFM), on Monday, unanimously approved the acquisition of the company by Crown Flour Mills...
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National ID card renewal costs N5,000 payable through remita – NIMC
The National Identity Management Commission (NIMC), says the renewal of the National Identity Card will cost five thousand naira (N5,000)...
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Customs ban exports, imports via land borders indefinitely
The Nigeria Customs Service on Monday announced an indefinite ban on importation and exportation of goods through the land borders....
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‘Government records over $9.29 billion investment inflow in third quarter’
Over $9.29 billion worth investments came into the nation’s economy in quarter three (Q3) of 2019, according to the Nigerian...
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FG: 2019 budget performance is 55%
The federal government has said its commitment to generate more revenue base informed the decision to implement new taxes to...
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Airlines make gains as traffic surges by 3.8 per cent
Airlines have recorded a marginal rise in gains as passenger traffic surged by 3.8 per cent in August. The International...
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There is no hunger in Nigeria – Agric minister
The Minister of Agriculture and Rural Development, Sabo Nanono, on Monday, said Nigeria was producing enough food to feed itself...
Read moreNigerian Stock Exchange Lists FGN N15 Billion 7-Year Green Bond
The Nigerian Stock Exchange(NSE) has listed the Federal Government of Nigerian (FGN) N15 billion Green Bond. The bond has a...
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FRC Decries Failure of NNPC, CBN, FIRS, Others to Respond to Enquiries
As preparations for the 2020 budget defence get underway, the Fiscal Responsibility Commission (FRC) has called on the Senate to prevail...
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The $2.5b World Bank loan is unnecessary
Nigeria overflows with revenue sources ready to be utilised for national development. But they are incompletely collected or left untapped...
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Oil price rises to $60.5, Nigeria, others meet
The price of Brent, which is the crude Nigeria’s oil is priced, appreciated on Sunday to $60.51 per barrel. This...
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States, FCT revenues rise to N691bn in 6 months
The Internally Generated Revenues (IGR) of the 36 states and the Federal Capital Territory (FCT) rose by 15 per cent...
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Insurer warns Nigerians against fraudulent scheme
An expert in the nation’s insurance industry has warned Nigerians against the “Standard Payment Investment Scheme” currently circulating on social...
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Nigeria Has Lowest Tax Rate Globally, Minister Insists
The Minister of State for Budget and National Planning, Prince Clem Agba, has defended the recent increase in Value Added...
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ABCON wants review of cash-less fees, VAT
The nation’s foreign currency dealers have joined the argument against the processing fees for cash-less policy operations and the government’s...
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AMCON enlists more agencies in hunt for N5 trillion debt
The recovery chase for the N5trillion debt in the portfolio of the Asset Management Corporation of Nigeria (AMCON) got new...
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Nigeria records 61.6% Internet penetration in 19 years as Africa’s growth slows
Although improving at 39.6 per cent, Africa’s Internet penetration is still low when compared to the rest of the world,...
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CBN: Why Credit Easing Will Not Increase Non-performing Loans
The Central Bank of Nigeria (CBN) has doused fears that its aggressive drive to increase banking sector’s lending to the...
Read moreNaira appreciates to N306.95/$ at interbank market
The local currency, naira appreciated against the dollar at the interbank segment of the foreign exchange market to N306.95 on...
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NPA grosses N300b revenue from Lagos Port in two months
THE Nigerian Ports Authority (NPA) has raked in over N300billion from the Lagos Port Complex in the last two months,...
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Senate defends N125b budget for National Assembly
The Senate yesterday justified the N125 billion proposed by President Muhammadu Buhari as the National Assembly budget for the 2020...
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Border closure: Exporters decry rising unsold inventory
With the nation’s borders remaining shut indefinitely, the local manufacturers involved in export have expressed concerns over the huge losses...
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Dangote’s N3b greenhouse takes off in Kano
A N3-billion high-tech greenhouse nursery that is capable of producing between 300 and 350 million tons of hybrid tomatoes seedlings...
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Nigeria’s rising fiscal deficits distorting monetary policy, say IMF officials
The officials of the International Monetary Fund (IMF), on economic assessment visit to Nigeria, have said serial deficits in the...
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