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How speculators undermine efforts to sustain naira stability
The introduction of several forex management measures side-by-side with complementary interventions in food production and manufacturing have drastically reduced food...
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Firms expect further naira depreciation, dollar sells for N440
Business organisations in the country expect the naira to depreciate further in the next few months, a report by the...
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Lagos-Ibadan Expressway, 2nd Niger Bridge ready 2022 –FG
The Lagos-Ibadan Expressway, the Second Niger Bridge, and the Abuja-Kaduna Expressway, among others, are to be completed in the first...
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JAIZ Bank declares N2.4bn profit after tax in 2019
Jaiz Bank Plc, one of Nigeria’s non-interest Islamic Bank, has released its 2019 audited results for the period ended December...
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GenCos loss N122.79b in five months to capacity challenges
Nothing less than N122.79 billion has been lost by Nigeria’s power generation companies (GenCos) between January to May this year....
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10 banks earn N22bn on account maintenance charges
The current year has seen a surge of N2.9 billion amounting to an increase of 13.2 percent year on year...
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BUA gets govt’s nod to re-open $400m PH terminal
The Federal Government has given the nob to BUA Group to re-open its $400 million BUA Ports and Terminal in Port...
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Oilfield bid round: FG may generate N3.17bn from fees
The Federal Government may generate at least N3.17bn from the payment of fees for the marginal fields put on offer...
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Oil soars to $40 as Nigeria cuts production to 1.613m b/d
Oil prices rose sharply yesterday, as Brent per barrel settled above $40 due to reported small crude oil inventory draw...
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Revised budget: Anger over cuts in health, education votes
The ministries of health, education, science and technology and agriculture are among the worst hit by capital expenditure reductions. The...
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FEC approves N1.6bn for proposed Abuja runway
The Federal Executive Council has approved the sum of N1.6bn for consultancy services for pre-contract services for the design and...
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Stock markets surge on swift recovery hopes
Growing optimism about a swift global economic recovery pushed equity markets sharply higher Wednesday, as investors took heart from further...
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Buhari Vows Nigeria’s Unflinching Support for Adesina
President Muhammadu Buhari yesterday assured the embattled President of African Development Bank (AfDB), Dr. Akinwumi Adesina, of Nigeria’s unwavering commitment...
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FMDQ Admits Flour Mills of Nigeria’s N30 Billion Commercial Paper
FMDQ Securities Exchange Limited has approved the quotation of the Flour Mills of Nigeria Plc N10.00 billion Series 13 and...
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FBN Holdings Divests from Insurance Subsidiary, Sells Firm to Sanlam
FBN Holdings Plc has divested its 65 per cent equity in FBN Insurance Limited to Salam (PTY) Limited, which used...
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PFAs shun T’bills, invest N1.6tn in banks, commercial papers
Pension Fund Administrators have gradually reduced investment of pension funds in the Contributory Pension Scheme in treasury bills, findings have...
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Marketers identify challenges in FG’s petrol price review
Again promises given by the Federal Government to properly consult marketers of Premium Motor Spirit (PMS) otherwise called petrol before...
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Revised budget: FG gives National Assembly N27bn for renovation, cuts health, UBE votes
The Federal Government has reduced the N37bn budget for the renovation of the National Assembly complex to N27.7bn. The...
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FIRS mulls charges on ATMs, WhatsApp
The Federal Inland Revenue Service (FIRS) says Nigerians will pay stamp duties on WhatsApp messages, SMS, and messages via any...
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Nigeria Loses N160bn to OPEC Production Cut
Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil...
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Marketers vow to comply as FG announces new fuel price
As the federal government on Monday announced a new pump price band for Premium Motor Spirit (petrol) from N125.50/N123.50 per...
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Buhari Relaxes Restrictions on Churches, Mosques, Banks, Hotels
•Maintains closure of schools, reopens airports to domestic flights June 21 •Curfew now 10 pm to 4 am, retains interstate...
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Leadway Assurance pays N38.5bn claims
Leadway Assurance said its claims paid to its policyholders rose from N33.9bn in 2018 to N38.5bn in 2019 financial period....
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FMDQ lists Flour Mills’ N30bn commercial papers
FMDQ Securities Exchange Limited has announced the approval of the quotation of the Flour Mills of Nigeria Plc N10bn Series...
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COVID-19: States to handle cases, NMA demands compliance from churches, mosques
• PTF says Nigeria approaching phase two, cases pass 10,000 • Buhari to decide on curfew, churches, mosques’ reopening today...
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