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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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Buhari Dissolves UNILAG Council; VC Has Case to Answer, Panel Chair Insists
The Visitor to the University of Lagos (UNILAG), President Muhammadu Buhari, has approved the report of the Special Visitation Panel...
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Lafarge, Honeywell, Dangote Sinotrucks, 34 others enjoy three-year tax holidays
Lafarge Africa Plc, Honeywell Flour Mills Nigeria Plc, Dangote Sinotrucks West Africa, and 34 other firms have been identified as...
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NSE approves Abbey Mortgage Bank’s plan to raise N3b capital
The management of the Nigerian Stock Exchange (NSE) has approved plan by Abbey Mortgage Bank Plc to raise about N3.03...
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Lagos-Ibadan rail line ready before Christmas – NRC boss
Lagos Railway District Manager of the Nigerian Railway Corporation, Jerry Oche, has said the Lagos-Ibadan railway line will be operational...
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Stock market index gains 1.90 per cent
Transactions on the Nigerian Stock Exchange (NSE) sustained its positive trend yesterday as more highly-capitalised stocks appreciated in prices, boosting...
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Sanwo-Olu Moves to Abolish Pension for Ex-govs, Deputies
Lagos State Governor, Mr. Babajide Sanwo-Olu, yesterday unfolded a plan to stop the payment of pension to his predecessors and...
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CBN warns banks against diverting agric intervention funds
The Central Bank of Nigeria has warned banks participating in the Private-Sector-led Accelerated Agriculture Development Scheme against diverting the intervention...
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COVID-19: UN Offers $250m To Support Nigeria
Nigeria is to get about $250 million, following the launch of the United Nations (UN) Plus Offer for Socio-Economic Recovery....
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PENGASSAN strike: NNPC assures enough fuel supply
The Nigerian National Petroleum Corporation (NNPC) says it has over 2.9 billion litres of Premium Motor Spirit (PMS), also known...
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OPS estimates losses to #EndSARS protests at over N5trillion
The Organised Private Sector (OPS), has estimated the total value of economic losses to businesses nationwide during the #EndSARS protests at...
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International Breweries Plc Reduces Loss after Tax to N11bn
International Breweries Plc has reduced its loss after tax (LAT) for the nine months ended September 30, 2020 to N10.877...
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NAICOM to issue new directives on riot, civil commotion, others
Following the recent #EndSars protests that led to civil unrest and destruction of properties across the country, the National Insurance...
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Aviation fuel revenue falls by N14.9bn in nine months
The total revenue generated by two of the major oil marketing companies in the country from the sale of aviation...
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NSE capitalisation hits N17tr mark, as investors sustain appetite in dividend paying stocks
The market capitalisation of the Nigerian Stock Exchange (NSE) hit the N17 trillion mark yesterday, even as sustained bargain-hunting for...
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GTBank emerges the 2020 Best Digital Bank in Nigeria – Survey
A research and credit rating agency, Agusto & Co, on Monday disclosed that Guaranty Trust Bank ranked highest in user...
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NNPC to commence oil explorations in Lake Chad Basin
The Nigerian National Petroleum Corporation (NNPC), is set to commence oil exploration in the Lake Chad Basin of Borno State....
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We’ll return customers’ money for meters – Abuja Disco
Against the backdrop of the recent introduction of the National Mass Metering Programme, Abuja Electricity Distribution Company has said it...
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IPPIS: Petrol scarcity imminent as PENGASSAN downs tools
Nigeria may face the scarcity of petrol in the coming days as oil workers have been ordered to down tools...
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Oil Prices Jump by 10% over Pfizer’s Report on Covid-19 Vaccine
•Trump, Biden, Buhari laud American manufacturer •WHO, Canada hail progress Oil prices jumped by almost 10 per cent yesterday for...
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Investments in 44 free trade zones in Nigeria nets $27billion
Nigeria’s investments in the 44 free trade zones across the country currently stand at over $27 billion, the Managing Director,...
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We owe CBN more than N4tn, says AMCON
The Asset Management Corporation of Nigeria has said it owes the Central Bank of Nigeria more than N4tn. AMCON was...
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Agusto & Co Unveils its 2020 Consumer Digital Banking Satisfaction Survey
Leading Research and Credit Rating Agency, Agusto & Co has launched the third edition of its consumer banking satisfaction index...
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Banks’ patronage at CBN’s liquidity window drops to N48b
The Central Bank of Nigeria (CBN) has said that daily patronage of the Standing Deposit Facility (SDF) by commercial and...
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Law Union and Rock Insurance Delists from NSE
The Nigerian Stock Exchange (NSE) has delisted the entire 4,296,330,500 outstanding ordinary shares of Law Union and Rock Insurance Plc...
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