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BDCs Seek Approval for Electronic FX Trading
The Association of Bureaux De Change Operators of Nigeria (ABCON) yesterday appealed to the Central Bank of Nigeria (CBN) to...
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Total commits N1.2bn to fight COVID-19
Total Nigeria, a major oil company with operations in the upstream and downstream sectors of the oil industry, has said...
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Dangote Cement pays over N1 trillion dividends in seven years
Dangote Cement has paid its shareholders over N1trillion as dividends in the past seven years, as part of efforts to...
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NSE admits United Capital’s N10bn bond
The Nigerian Stock Exchange (NSE) yesterday admitted United Capital Plc’s N10bn 5 Year 12.5 per cent Senior Unsecured Fixed Rate...
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Petrol price, electricity tariffs: Labour set to begin strike
Labour on Tuesday set Monday for “unprecedented mass action” and “total strike” to get the government to reverse the hike...
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CBN prepares for recession, reduces benchmark lending rate to 11.5%
The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate by 100 basis points from 12.5 per cent...
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Recapitalisation: NAICOM Reads Riot Act to Operators over Outstanding Claims
The National Insurance Commission (NAICOM) has said it will not endorse the recapitalisation plan of any firm that doesn’t clear...
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Unstable laws affecting flow of foreign investments into oil sector, says NNPC
The oil and gas sector might not attract the needed foreign direct investments (FDIs) except the country reviews its regulatory...
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CBN Disburses N374bn to Smallholder Farmers
The Central Bank of Nigeria (CBN) yesterday said it has funded smallholder farmers (SHFs) under the Anchor Borrowers Programme (ABP)...
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Renewed bargain-hunting pushes index by 0.31 per cent
The Nigerian equities market rebounded yesterday, occasioned by bargain-hunting in most blue-chip stocks, causing the All-Share Index (ASI), to advance...
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Kyari: Market Cabal Enriched Themselves with Subsidy Payments
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that the benefits of...
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FG Urges Vigilance, Says Another Lockdown Possible
As some states recalled students of primary and secondary schools back to classes, the federal government on Monday called for...
Read moreMinimum wage: Labour lists offending states, plans street protests, talks
Ekiti, Kogi, Imo, Zamfara, four others yet to begin wage implementation Petrol/electricity tariff hikes: Talks resume Friday, palliatives plan on...
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Rivers, Shell inaugurate CDB for Assa North Gas project
The Rivers State Government and Shell Petroleum Development Company of Nigeria Limited (SPDC), in Port Harcourt, inaugurated the Egi/Igburu Cluster...
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CBN decries speculation as naira plunges, exchanges for 465/$
Declining export receipts from oil and speculative activities of the Bureau De Change operators among other challenges of the COVID-19...
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Ericsson, Qualcomm Pioneer 5G Capabilities
Ericsson and Qualcomm Technologies have completed pioneering interoperability tests for 5G standalone (SA) carrier aggregation across both FDD/TDD and TDD/TDD...
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FG slashes spending on JV oil assets by 62%
Amid the coronavirus-induced sharp drop in its revenues, the Federal Government reduced its spending on oil and gas assets being...
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GTBank, MTN Propel Marginal Stock Market Appreciation
Gains recorded by Guaranty Trust Bank Plc and MTN Nigeria Communications Plc led to a marginal appreciation in the Nigerian...
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DPR: $1.5 billion World Bank loan may be needless
THE Department of Petroleum Resources (DPR) at the weekend said with the remittance of at least $1.03billion to the Federation...
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Leaked documents reveal money laundering scam worth $2tn
Several leaked documents have revealed how the world’s biggest banks enable criminals to launder money around the world. The...
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Foreign reserves rise by $140.9m, now $35.81bn
The country’s foreign reserves rose by $140.9m from $35.67bn as of September 1 to $35.81bn as of September 17, the...
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78 firms bid to rehabilitate pipelines, depots –NNPC
The Nigerian National Petroleum Corporation on Sunday announced that 78 companies submitted virtual bids to rehabilitate its downstream pipelines, associated...
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Equities market sustains sliding profile amid unstable economic outlook
Negative macroeconomic indices and unstable economic outlook depressed transactions on the equities sector of the Nigerian Stock Exchange (NSE), as...
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Be Magnanimous, Buhari Urges Obaseki as PDP Routs APC in Edo
•My victory, triumph against godfatherism, says Edo gov •APC rejects election results, to decide on next step •Atiku, Saraki Tambuwal,...
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Breaking: Obaseki Wins 9 LGAs, Ize-Iyamu 2
Peoples Democratic Party Candidate in Edo Governorship Election, Mr. Godwin Obaseki, has won in nine local government areas, while his...
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