Economy
Wema Bank Posts N81bn Earnings, N5.1bn Profit after Tax
Wema Bank Plc yesterday released its unaudited results for the year ended December 31, 2020, showing marginal decline in top...
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Nigeria will benefit less from African trade deal – NESG
Nigeria and other resource-based countries will benefit less from the African Continental Free Trade Area than economies that are more...
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Delta to earn N100m from Asaba Airport concession yearly
Delta State government has signed off the Asaba Airport facility to concessionaires in a deal that will earn the state,...
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Report: Nigeria Records High Internet Usage, Low Download Speed
A recent report published by We Are Social and Hootsuite has shown that Nigeria maintains high record of internet usage,...
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The automotive industry attracted $1bn in 2019, says FG
The Federal Government has said its reforms in the automotive industry attracted investments worth over $1bn in 2019. The Director-General,...
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NCC Highlights Role of Telecoms in Nigeria’s Exit from Recession
The Nigerian Communications Commission (NCC) has highlighted the role played by the telecommunications sector in lifting the country out of...
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MDAs failed to remit N1tn, says FRC
Ministries, departments and agencies of the Federal Government are in deficit of over N1tn to the Consolidated Revenue Fund, the...
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Nigeria’s revenue prospects brighten as oil hits $67
The international oil benchmark, Brent crude, rose further on Wednesday to $67 per barrel, compared to Nigeria’s budget benchmark of...
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Stanbic IBTC Offers Low-Interest Agric Loans
Stanbic IBTC Bank Plc has reaffirmed its commitment to the growth of Nigeria’s agriculture sector by supporting farmers and other...
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Zenith Bank posts N696.5b gross earnings in 2020
Amidst a harsh operating environment, Zenith Bank Plc has announced gross earnings of N696.5 billion in its 2020 operations, against...
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Standard Chartered introduces COVID-19 support for entrepreneurs
Standard Chartered Bank has said it has launched new programme with Youth Business International, to support young entrepreneurs hit by...
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Diesel price soars to N250/litre, businesses groan
The price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with...
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CIBN, NIBSS Introduce e-Payment Certification Programmes
The Chartered Institute of Bankers of Nigeria (CIBN) in collaboration with Nigerian Interbank Settlement Systems Plc (NIBSS) have introduced professional...
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NSE market capitalization appreciates by N27bn
The market capitalisation of the Nigerian Stock Exchange for the third consecutive day on Wednesday posted further growth increasing by...
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Infrastructure, forex undermining real sector interventions
Improvement in local manufacturers’ confidence in the economy as well as sectoral recovery, remains challenged by parlous state of infrastructure...
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Nigerian Breweries records N337bn in revenue
Nigerian Breweries Plc said it recorded a turnover of N337.01bn in revenue in its audited financial statement for the year...
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Hope PSBank begins free NIN registration for Nigerians across offices nationwide
Hope PSBank, a subsidiary of Unified Payment Services Limited and Nigeria’s premier digital-first bank, has commenced a free National Identification...
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Petrol landing cost jumps to N186, oil hits $64
Against the backdrop of the rising price of oil prices, the landing cost of Premium Motor Spirit (petrol) imported into...
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Individuals can build, maintain highways, says FG
Under the new Highway Development and Management Initiative of the Federal Government, private individuals will be permitted to build, operate...
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United Capital Grows Profit by 61% to N7.9bn, to Pay N4.2bn Dividend
United Capital Plc, one of the leading investment banking firms has recorded positive results for the year ended December 30,...
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Labour silent as Buhari, govs discuss fuel price Thursday
The President, Major-General Muhammadu Buhari (retd.), and the state governors will discuss the issue of fuel pricing Thursday. The Minister...
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The insurance sector’s assets hit N1.82tn on the recapitalization deadline
The insurance sector’s assets rose by N410bn in one year as the industry attracted new investors; NIKE POPOOLA reports Despite the impact...
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African Union to Set up Infrastructure Fund
The African Union (AU) is setting up a fund to finance the construction of much-needed roads, railways and power plants...
Read moreDanbatta: Women Pivotal to Socio-economic Development
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has emphasised the important role...
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SON to Deploy Tools to Boost Enforcement of Standards
The Director General, Standards Organisation of Nigeria (SON), Mallam Farouk Salim, said the agency has resolved to adopt additional approaches,...
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