Economy
Fed Govt, ASUU cancel meeting on strike
A truce meeting between the Federal Government and the leadership of the Academic Staff Union of Universities (ASUU) was cancelled...
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All-Share Index Rises 1.7% as Market Rebounds
The bulls came back strong yesterday to open the stock market on a positive note after depreciating last week. Last...
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CBN: Falling back on interventions to pull economy from recession
For one unprepared for battle, the booming sound of artillery fire would be enough for one to beat a retreat...
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Lagos begins construction of 9km drainage
It was a moment of joy for residents of Agbado Okeodo, Mosan Okunola in Ayobo Ipaja Local Council Development Area...
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Airlines face new threat as COVID-19 second wave spreads
Aviation experts have expressed worry that Nigeria could soon be hit by the second wave of the COVID-19 pandemic following...
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Insurers pooled N938 billion investment revenue
Despite the challenging operating environment in the country, insurance companies have recorded growth in investment income which has hit N938...
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Forex interventions give false hope on naira, says IMF
REGULAR foreign exchange (forex) interventions in Nigeria and other emerging economies create false sense of security and hope on the...
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Banks’ non-performing loans now N1.17tn – NBS
Non-performing loans in the Nigerian banking sector fell by N42.4bn in three months, latest figures from the National Bureau of...
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Underwriter gets shareholders’ approval to raise authorised share capital to N20bn
AIICO Insurance Plc has gotten the approval of its shareholders to increase its authorised share capital from N18 billion to...
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Equities Shed N464bn as Profit Taking Halts Bull Run
The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the...
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How Soon Will FG Open Borders?
More than a year after the Nigerian government closed its land borders to trade, there is very little evidence to...
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High food prices’ll persist for months, say farmers
The high cost of food items across the country will linger for months due to the effects of insecurity and...
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Buhari sacks Pondei, appoints Akwa interim administrator
President Muhammadu Buhari has approved the appointment of an interim administrator to oversee the affairs of the Niger Delta Development...
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Nigeria’s Q3 oil exports rise by 56% to N2.42tn
Nigeria more than doubled its crude oil exports in the third quarter of this year to N2.42tn after months of...
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Economy expected to improve December — CBN survey
A survey conducted by the Central Bank of Nigeria showed that respondents expected the economy to improve in December after...
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Sterling deepens losses to drop by 1% on Brexit remarks
The British pound extended losses Friday to drop more than one percent against the dollar after Prime Minister Boris Johnson...
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Reps: we are still expecting Buhari to appear before us
THE House of Representatives on Thursday said it was still expecting President Muhammadu Buhari to appear before it to shed...
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Crude Oil Price Hits $50 on Vaccine Rollout
Brent crude hit $50 a barrel yesterday, for the first time since oil prices crashed in early March, as hopes...
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World Bank urges Nigeria on reforms to avoid worst recession
World Bank has said Nigeria may experience its worst recession in 20 years. It, however, advised that it was critical...
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Labour rejects bid to borrow from N17tr pension fund
ORGANISED Labour on Thursday rejected a fresh bid by governors to borrow from the N17 trillion pension funds. The Nigeria...
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Sustained sell pressure drags capitalisation further by N232b
Following sustained sell pressure in most bluechip stocks, trading on the equity sector of the Nigerian Stock Exchange (NSE) continued...
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Reps accuse Apapa gridlock presidential task force of extortion
The House of Representatives has said the Federal Government should pay attention to the construction of access roads linking seaports...
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Nigerians lament ‘monumental’ corruption
• Country loses $43b to corruption, says HEDA • Worst graft perpetuated through illicit financial flows, says ICPC • EFCC...
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NCC Assures Nigerians of Further Reduction in Data Cost
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has assured Nigerians that the Commission...
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Operators give investment conditions as pension funds hit N11.57tn
The Pension Funds Operators Association of Nigeria has said Pension Fund Custodians and Pension Fund Administrators will obey the guidelines...
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