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Senate probes fresh multi-billion naira fraud in NDDC
Panel to grill MD Wednesday over funds unaccounted for Buhari decries abuse of trust in EFCC, NDDC The Senate...
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Multiple taxes, bills choke Nigerians amidst pay cuts, pandemic
Multiple taxation, bill hike and salary cuts are fast becoming the new normal to business owners and workers in Nigeria....
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Many public assets not actively managed — Aganga
A former Minister of Finance, Olusegun Aganga, has said there are so many assets held by different ministries, departments and...
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Banks Squeezed as CBN Shores up Naira
Nigeria’s banks are expected to take a big hit to revenues and face rising borrowing costs this year as the...
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Be patient, pray, Buhari, Saraki tell Nigerians at sallah
President Muhammadu Buhari, yesterday, urged Nigerians to continue to exercise patience in the face of inconveniences created by enforced measures...
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IMF introduces new transparency code for Nigeria, others
The executive board of the International Monetary Fund has approved the new IMF Central Bank Transparency code. It said in...
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Abiodun signs revised budget, seeks support for Lagos-Abeokuta road
Ogun State Governor Dapo Abiodun has signed the revised 2020 Appropriation Bill into law, with a pledge to pay attention...
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Delta community threatens to shut down oil export terminal over alleged marginalisation
Nigeria’s crude oil export terminal at Forcados, Delta State, risks being shut down as leaders of the host community, Ogulagha...
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NNPC: no stolen crude oil found in China
THE Nigerian National Petroleum Corporation (NNPC) on Thursrday denied reports (not by The Nation) that its officials sold 48 million...
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FIRS extends returns filing deadline by 7 days
The Federal Inland Revenue Service (FIRS) has extended the deadline for filing of returns in a number of tax categories...
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Nigeria-China trade imbalance widens despite currency swap
• Nation’s share of trade volume since 2013 is 11% • China missing in top 10 trading partner chart ...
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Dormant loans hit N1.2tn as experts differ on plans to debit defaulters
Non Performing Loans (NPLs) have risen to N1.2 trillion as of June 2020, with a N721.3 billion increase since 2015,...
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FEC okays release of 15.21m euros, N1.708b for power deal
The Federal Executive Council (FEC) has ratified an anticipatory approval for the release of 15.21 million euros and N1.708 billion...
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FBN Holdings Records 56% Growth in Half-year Profit to N49.5bn
FBN Holdings Plc wednesday reported gross earnings of N296.4 billion for the six months ended June 30, 2020, showing an...
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World Bank approves $500m for Nigerian girl education
The World Bank Board of Directors on Wednesday approved a $500m credit from the International Development Association for the Adolescent...
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Sustained bargain-hunting pushes index further by 0.18%
Following sustained bargain-hunting in some blue-chip stocks, trading on the Nigerian Stock Exchange (NSE), closed upbeat yesterday, as All Share...
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Landlords not assigned to collect stamp duty –FIRS
The Federal Inland Revenue Service (FIRS) has said that it has not designated landlords as collection agents for stamps duty charges...
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Stage 2 loans could threaten banks’ financial condition
The volume of stage two loans could be a threat to the banking industry’s asset quality and future profitability even as...
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Naira plunges to N472/$ as forex scarcity worsens
The naira on Tuesday traded at N472 to a dollar at the parallel market as foreign exchange scarcity persisted. The...
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Again, review panel clears Adesina of ethical charges
After a round of intrigues with the imprimatur of the United States and its allies, an independent review panel, led...
Read moreCRR: CBN holds N900b customers’ deposits with banks
THE Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as Cash Reserve Ration...
Read moreNNPC in $1.5bn oil-for-loan deal with traders
The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal led by Standard Chartered and backed by two oil...
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Lawmakers raise the alarm over Chinese loans
The House of Representatives has raised the alarm over loan agreements being entered into by the Federal Government with China....
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Lafarge Africa Grows Profit by 89% to N23 Billion
A cost efficient strategy boosted the profitability of Lafarge Africa Plc despite the margin rise in revenue for the half...
Read moreWorld Bank, Discos Meet Today over Forensic Audit
Investors in the power distribution companies will today make a presentation in a meeting with the World Bank over the...
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