Economy
OPEC Projects 11m bpd Oil Demand Shortfall by December
•Banks on COVID-19 vaccines for market recovery •US company, Moderna, announces 95% efficient vaccine The Organisation of Petroleum Exporting...
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Senate, Buhari group disagree over COVID-19 palliatives
The Senate and Muhammadu Buhari Campaign Organisation have disagreed over the hoarding of COVID-19 palliatives. The Director, Media, and Publicity...
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FG may reduce minimum tax rate next year
The draft Finance Bill 2020 contains a proposal for the reduction of the minimum tax rate to be paid by...
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Govt to implement transit insurance scheme
As part of efforts to insure transportation of agricultural products across the country, the Federal Government has inaugurated five committees...
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Financial regulators evolve strategies for risk management under COVID-19
Financial services regulators have their work cut out, amid heightened cybercrimes and credit risks reinforced by the Coronavirus (COVID-19) pandemic,...
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Freight forwarders seek reopening of borders
Freight forwarders under the aegis of the Association of Nigerian Licensed Customs Agents have tasked the Federal Government to re-open...
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Experts blame borrowing, fuel price hike as inflation climbs to 14.23%
The hike in food prices and other individual consumption across the country further increased the rate of inflation in Nigeria...
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States Cautious on Ending Ex-govs, Deputies’ Pension
Despite the dwindling revenues of states and their inability to effectively meet workers’ demands and other obligations, many state governments...
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Senate Queries FIRS over Unremitted N1.4bn Tax, VAT Deductions
The Senate has issued two queries to the Federal Inland Revenue Service (FIRS) over its failure to remit N1.4 billion...
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Analysts Allay Fears of Nigeria’s Default as Eurobond Investors Fret
Analysts have allayed concerns about the likelihood of Nigeria defaulting on its Eurobond payments to investors even as investors in...
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Investors Stake N59bn on Shares as Market Extends Rally
Equities investors will for a long time remember the performance of the market last week as it gained N2.1 trillion...
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US adds 1 million Covid cases in less than a week
The US surpassed 11 million coronavirus cases Sunday, adding one million new cases in less than a week, according to...
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$500m Chinese debt sparks confusion in airport concession
• FAAN former MDs, directors warn of hidden takeover • Reps set up sub-committee Federal Government’s plan to concession...
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Access Bank Appoints Kumapayi as Executive Director
Access Bank Plc has appointed Mr. Seyi Kumapayi and Mrs. Omosalewa Fajobi as executive director (ED) and non-executive director (NED)...
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Amended BOFIA: The birth of ‘unquestionable’ regulator
The Central Bank of Nigeria (CBN) has been taunted as a super-regulator. This is not only for the autonomy it...
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Forex scarcity bars marketers from petrol imports
Despite the deregulation of the downstream oil sector by the Federal Government, private marketers are still tied to the Nigerian...
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Why equities are rising, by NSE
The Nigerian Stock Exchange (NSE) has attributed the sustained jumpy appreciation in prices of Nigerian equities to smart thinking by...
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NNPC raises petrol depot price, marketers to sell at N168-N170/litre
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium...
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Mobile Banking applications remain the most popular platform for digital banking
Agusto & Co Digital Banking Index 2020 Agusto & Co in its third edition of the consumer banking satisfaction index...
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FG, WHO Target 20% of Nigeria’s Population for COVID-19 Vaccination
•Cautions against trips to US, UK, others •We’re committed to getting vaccines, says Osinbajo The federal government and the...
Read moreNDIC to insure non-bank deposits taking institutions
The Nigeria Deposit Insurance Corporation has said that it is trying to identify and provide insurance cover for non-bank deposit...
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FG owes 3,504 housing contractors, says Fashola
The Minister of Works and Housing, Mr Babatunde Fashola, said on Thursday that his ministry owed 3,504 contractors handling its...
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Forex reserves decline to $35.63bn, lowest in two months
The nation’s foreign exchange reserves have fallen to the lowest level in more than two months, the latest data from...
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Guaranty Trust Bank is Nigeria’s best digital bank in 2020 – Agusto & Co
Agusto & Co, a leading research and credit rating agency, in its third edition of Consumer Banking Satisfaction Index report,...
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Nigeria’s fragile fiscal regime may stall $24bn oil, gas projects
With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired...
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