Economy
Underwriter gets stable outlook rating for performance
The plan to recapitalise the insurance industry in the country may be getting the required boost as insurers record improved...
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Nigeria has $5.83bn undisbursed foreign loans – DMO
Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management Office has...
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COVID-19 pushes 27m Nigerians into extreme poverty, says NLC
The ravaging coronavirus has pushed 27 million Nigerians into abject poverty since the outbreak of the virus early last year....
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As More Airlines Enter Aviation Industry
There are key facts that could be confirmed by the Nigerian Civil Aviation Authority (NCAA) and industry analysts.The first is...
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NLC Declares Strike in 18 States over Minimum Wage
The Nigeria Labour Congress (NLC) yesterday directed workers in all the states where the national minimum wage of N30, 000...
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FBNInsurance partners Collinson on healthcare
FBNInsurance, a life insurer and a member of the SANLAM Group, said it partnered Collinson, a global leader in travel,...
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Electricity generation drops as idle plants rise to 11
The number of idle power plants on the national grid rose to 11 on Thursday, a day after a system...
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Interswitch Introduces Quickteller Business for SMEs
The Interswitch Group has announced the launch of Quickteller Business, a new comprehensive corporate solution focused on empowering businesses of...
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External reserves down by $565m in two weeks
The country’s external reserves dipped by $565m from $36.198bn as of February 1, to $35.633bn as of February 15, latest...
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Fuel price hike looms nationwide as marketers meet
Marketers of Premium Motor Spirit, popularly called petrol, on Wednesday met in Abuja on matters regarding the price of the...
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Power grid collapses, plunges Lagos, others into darkness
The nation’s power grid suffered its first collapse this year on Wednesday, plunging parts of the country into a blackout....
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CBN sells $10.3bn at FX market in six months
The Central Bank of Nigeria (CBN) sold a total of $10.3 billion at the foreign exchange (FX) market in the...
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Agusto & Co. has Released the 2021 Insurance Industry Report.
According to Agusto & Co’s newly released 2021 Insurance Industry report, the Nigerian insurance industry generated premiums of over ₦592...
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Nigeria’s automobile testing centres in Lagos, Enugu, and Zaria to be completed in 2021
The DG of NADDC says Nigeria’s automobile testing centres in Lagos, Enugu, and Zaria will be completed this year. The...
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FirstBank’s CEO Pledges Support for SMEs
The Chief Executive Officer, FirstBank Nigeria Limited, Dr. Adesola Adeduntan, has reiterated the commitment to the bank towards empowering small...
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Petrol Retailers Seek Collaboration with FG on Refineries’ Repair
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed its readiness to collaborate with the federal government...
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Reps condemn $750m annual loss to gas flaring
The House of Representatives says Nigeria is losing about $750m to gas flaring annually. It added that the flared gas...
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How Nigeria can benefit from Okonjo-Iweala-led WTO – LCCI
The Lagos Chamber of Commerce and Industry has highlighted steps Nigeria needs to take in order to fully take advantage...
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How Nigeria can achieve double-digit growth
Participants at this year’s edition of the economic review of the Chartered Institute of Stockbrokers (CIS) have listed stimulation of...
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Foreign stock investors withdraw N1.01tn in two years
Foreign investors pulled out a total of N1.01tn from the nation’s stock market in the past two years, according to...
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Shareholders Sue FG over Plans to Borrow Unclaimed Dividends
Determined to stop the federal government from taking over their unclaimed dividends, some shareholders of companies listed on the Nigerian...
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Fidelity Bank records success in N41.21bn bond issuance
Fidelity Bank Plc says it has successfully issued 10-year N41.21bn in fixed rate unsecured subordinated bond at a 8.5 per...
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Rice, flour, sugar, cement top free trade exemption list
Despite Nigeria’s comparative advantage and self-sufficiency status in the production of certain products, cement, flour, rice, sugar and 180 other...
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Households get N44.62bn COVID-19 intervention funds
Households got N44.62bn intervention funds to alleviate hardships from COVID-19 as of the end of November according to figures obtained...
Read moreNgozi Okonjo-Iweala, WTO and Africa
Tomorrow, February 15, 2020, Nigeria’s former Finance Minister Dr. Ngozi Okonjo-Iweala, will be formally appointed as the director-general of the...
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