Economy
Borders will Be Reopened Soon, Says President
•Urges governors to work with traditional rulers on security •Promises procurement of more military platforms President Muhammadu Buhari yesterday...
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Nigeria’s crude oil earnings rebound by 116%–OPEC
The Federal Government’s earnings from the export of crude oil has recorded a rebound of 116 per cent, the Organisation...
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Stock market extends downturn by N16bn
Transactions in the Nigerian equity market, on Tuesday, closed on a negative note following sustained profit-taking. The market breadth also...
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Marketers kick against N5 reduction in petrol pump price
Against the backdrop of the N5 reduction in the price of Premium Motor Spirit (petrol) announced by the Federal Government,...
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N868b export-bound goods stuck in seaports
• Maritime workers threaten strike • Shippers appeal to Labour Export-Bound goods worth about N868 billion might be wasted...
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ASUU, FG meet Wednesday after failed agreement
he Minister of Labour and Employment, Chris Ngige, has accused the leadership of Academic Staff Union of Universities (ASUU) of...
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Banking agents increased by 517% last year – CBN
The number of banking agents (third party retail outlets contracted by financial institutions to process clients’ transactions) rose from 38,...
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Petrol price may hit N180 as oil nears $50
The pump price of Premium Motor Spirit, popularly known as petrol, may hit N180 per litre this month, according to...
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BREAKING: FG reduces price of petrol to N162.44 per litre
The Federal Government has reduced the pump price of premium motor spirit otherwise know as petrol from N168 per litre...
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Nigeria’s Q3 trade deficit hits N2.38tn, highest since 2017 –NBS
Nigeria’s trade deficit rose by 32.45 per cent from N1.8tn as of the end of second quarter to N2.38tn in...
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Fresh #EndSARS protest: Campaigners adamant, Buhari talks tough, deploys soldiers, cops
Prepare for more protests, our demands have not been met, say protesters Any hooligan hiding behind peaceful protests will be...
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NNPC, Partners Begin Discussion on NLNG Train 8
The Nigerian National Petroleum Corporation (NNPC) said it has commenced discussion with its partners for the construction of the Nigeria...
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Six Banks Boost Economy with N1.3tn Credits in 2020
Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional...
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Don’t Allow Governors Borrow N17tn from Pension Funds, SERAP Tells Buhari
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to instruct the Director-General and Board of the...
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Lagos orders removal of unapproved street gates
In a bid to improve the free flow of traffic across the metropolis, the Lagos State Government has issued a...
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Airlines raise fares 100%
• Economy ticket hits N75, 000; N121, 000 • $200m fund stuck • ‘Blame govt, not airlines’ One of the...
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Experts proffer solutions to Nigeria’s economic crisis
Some financial experts have offered some solutions to the economic crisis facing Nigeria as a result of the impact of...
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Shareholders approve GTB’s holding company
Shareholders of Guaranty Trust Bank (GTB) Plc at the weekend approved the restructuring of the bank to a holding company...
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Pension contributors withdraw N14.79bn as job losses rise
About 26,458 workers who lost their jobs since the COVID-19 pandemic started taking its toll on the economy withdrew N14.79bn...
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Tumbling Naira: Resolving Nigeria’s balance of payment deficit
Domiciliary accounts and remittances have emerged as twin touchy issues in the management of Nigeria’s foreign exchange market (forex). And...
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Stock Market Gains N138bn Despite Profit Taking
The stock market posted positive performance last week despite profit taking by some investors, as it sustained the growth recorded...
Read morePenCom recovers N213.07m from defaulting employers in Q3
The National Pension Commission has said it recovered N213.07m from employers who deducted pension savings from their workers’ monthly emoluments...
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Excitement as New Diaspora Remittances Policy takes Effect Today
•Annual inflows put at $24bn •CBN, NSIA, AFC to float N15tn infrastructure fund There is palpable excitement among Forex users...
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$21bn Legally Withdrawn from NLNG Dividends Account, Says Kyari
Nigeria National Petroleum Corporation (NNPC) yesterday defended the withdrawal of over $21 billion from the Nigeria Liquefied Natural Gas (NLNG)...
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NSE: Application of 0.08% Stamp Duty Begins December 7
The Nigerian Stock Exchange (NSE) yesterday said from Monday, December 7, the Stamp Duty rate of 0.08 per cent on...
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