Economy
PTF: Nigerians must respect protocols to avoid second lockdown
The Presidential Task Force (PTF) on the Coronavirus (COVID-19) Control has assured Nigerians that vaccine will be administered in the...
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Profit-taking drags stock market capitalisation by N39 billion
Following renewed profit-taking in some high value stocks, the Nigerian Stock Exchange (NSE) halted a five-day rally to reopen on...
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Senate kicks as petroleum ministry spends N98.4m on flyers
The Senate Public Account Committee has described as unacceptable the payment of N98.4m by the Petroleum Resources Ministry for the...
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NNPC sells $120.49m volume of oil, gas as trading surplus dips
The Nigerian National Petroleum Corporation (NNPC), yesterday, said the country exported $120.49 million worth of crude oil and gas in...
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External reserves rise by $930m in two weeks
The country’s external reserves rose by $930m from $35.37bn as of December 31, 2020 to $36.30bn as of January 14,...
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Storage facilities: Nigeria may waste 100,000 COVID-19 vaccine doses, say Experts
Virologists and other medical experts have warned that 100,000 doses of the COVID-19 vaccine the country is expecting may become...
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Stanbic IBTC Asset Management gets ‘AA (IM) rating
Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, has been assigned an AA(IM) investment manager rating with...
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IMF to press private, public banks on debt restructuring
The International Monetary Fund (IMF) has listed its top economic priorities for 2021, including getting private and public financial institutions,...
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NIN: FG insists on Wednesday deadline, diplomats’ registration
The Federal Government on Sunday insisted that the deadlines given for the registration of all Subscriber Identification Modules with valid...
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Dangote completes Nigeria’s longest concrete road
The Dangote Group says it has completed Nigeria’s longest rigid pavement located in Kogi State.According to a statement issued by...
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FMDQ admits CPs of Total, two others on platform
FMDQ Securities Exchange, through its board listing and markets committee, has approved the quotation of the Total Nigeria Plc’s ₦2.25...
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Equities Investors Gain N552bn as Market Rebounds
The stock market rebounded last week recording a gain of N552 billion after declining in the first week of the...
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Billions of Naira down the drain as avoidable grid collapse persists
The unbundling and partial privatisation of the nation’s power sector in 2013 targeted a competitive market that would attract private...
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COVID-19: Govs to Meet, Consider New Safety Measures
•NCDC records 1598 new cases •Sanwo-Olu extends resumption date for level 14 and below •Obaseki suspends reopening of all schools...
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AMCON to float international airline with Arik, Aero planes
The Asset Management Corporation of Nigeria has reached an advanced stage towards launching a multibillion naira airline by pooling together...
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Tension over rising oxygen demand in hospitals
• Reliance On Cylinders For Oxygen Responsible For Shortage – Okwesil • Health Institutions Depending On Vendors For Supply Endanger...
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Finance Act: Disquiet as FG Targets N850b From Dormant Accounts
The recently signed Finance Act, which empowers the federal government to help itself to a loan of N850 billion naira...
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Total assets under contributory pension hit N12.29tn
The total assets under the Contributory Pension Scheme rose to N12.29tn as of the end of November 2020. Figures...
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Buhari Orders Service Chiefs to Ensure Synergy in Fight against Insurgents
•Says government investing heavily in weapons, equipment President Muhammadu Buhari yesterday directed the nation’s service chiefs to ensure synergy in...
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COVID-19 emergency overwhelms govt hospitals
• Oxygen Shortage Poses Threat In Isolation Centres • We Need A Combination Of Various Solutions To Stop Spread —NCDC...
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Passenger sues Dana, seeks N1bn damages
A passenger with disability, Dr Chike Okogwu, has sued Dana Air for alleged unlawful infringement of his fundamental human rights...
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Fuel subsidy returns as open market price of petrol hits N183 per litre
Govt Pays N1.1b Daily On Local Consumption The increment in the price of crude oil at the international market has...
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NAFDAC raises alarm over fake COVID-19 vaccine in Nigeria
• Cautions FG, Corporate Agencies Against Ordering Vaccine Without Approval • Insists NAFDAC Must Give Go Ahead For Vaccine Usage...
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Lagos State University College of Medicine Shut over COVID-19
The College of Medicine of the Lagos State University (LASUTH) has been shut as many students and officials tested positive...
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ICYMI: Elumelu’s firm buys IOCs’ stakes in oil block for $1.1bn
Three international oil companies operating in Nigeria have sold their combined 45 per cent interest in Oil Mining Lease 17...
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