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Government moves for $10 oil production cost
Loses 2.9 million barrels in two months Though Nigeria’s cost of oil production is currently above $20 per barrel,...
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CBN gives banks 24hrs to reverse ATM ‘failure’
The Central Bank of Nigeria (CBN), has revised timelines for reversals and/or resolution of refund complaints on electronic channels. The...
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Seplat pays $59m dividend to shareholders
Seplat Petroleum Development Company Plc has said its shareholders will receive $59m dividend payment, translating to 10 cents per share....
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Pulling the Rate Cut Trigger in Pandemic Battle
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) last week caught market analysts off guard as it slashed...
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15 African leaders back Adesina, call for caution on AfDB processes
Fifteen leaders of the African Union (AU), all of them former heads of states of their respective countries, have jointly...
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Nigeria records 387 new cases of COVID-19, total now 9302
The Nigeria Centre for Disease Control (NCDC) has confirmed 387 new cases of COVID-19 in Nigeria. According to a tweet...
Read more![[BREAKING] Murder: Court jails six NAF personnel attached to ex-CDS, Badeh](https://www.thebizhub.ng/wp-content/uploads/2020/05/Alex-Badeh-350x250.jpg)
[BREAKING] Murder: Court jails six NAF personnel attached to ex-CDS, Badeh
A General Court Martial sitting in Abuja has jailed six Nigerian Air Force personnel, who were aides to the former Chief of...
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Sokoto banditry: Tambuwal briefs Buhari in Aso Rock
Sokoto State Governor Aminu Waziri Tambuwal, yesterday, briefed President Muhammadu Buhari on the security situation in the state, especially the...
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COVID-19: FG raises alarm over fake rapid test kits
EFFORTS by the Federal Government to speed up testing for COVID-19 may have suffered a set- back after four units...
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Trump ‘terminates relationship’ with WHO
US President Donald Trump on Friday said he was severing ties with the World Health Organization, signalling the end of...
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Buhari writes National Assembly, seeks $5.5bn fresh loan
The Senate on Thursday justified the $5.513 fresh external loan request from the President, Major General Muhammadu Buhari (retd.), insisting...
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FG Moves to Save Adesina’s Job, Rejects Fresh Investigation
The federal government has intervened to checkmate a plot by the United States and other non-African shareholders of the African...
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External borrowings to rescue as Senate cuts 2020 budget to N10.509 trillion
The Federal Government yesterday changed the earlier plan of drastically slashing the 2020 passed budget of N10.594trillion to N9trillion by...
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Lagos, Abuja, Port Harcourt, Kano airports to reopen in ‘few days’
Major airports in the country will in the “next few days” roar into life after weeks of inactivity caused by...
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AIICO records 23% growth in Q1 gross premiums
AIICO Insurance Plc has reported gross written premiums of ₦17.6bn, up 23% from the same period in 2019 which was...
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CBN Cuts MPR to 12.5%, Upbeat Nigeria Will Head Off Recession
Disburses N107bn in intervention funds Emefiele calls for gradual reopening of economy The Central Bank of Nigeria’s (CBN) Monetary...
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FG Directs Conclusion of Electricity Deal with Siemens
The federal government Wednesday directed the Ministries of Power, and Finance, Budget and National Planning as well as the Bureau...
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Nigeria to disengage 500,000 N-Power beneficiaries ‘soon’
About 500,000 persons engaged in Nigeria’s social investment programme N-Power will have to look elsewhere for means of livelihood as...
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World airlines’ debt to hit $550 billion by end of year
The airline industry’s global debt could rise to $550billion by year-end, the International Air Transport Association (IATA), has said. The...
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Petrol marketers to gain N8.3bn on depot price reduction
Retail marketers of petrol are currently raking in billions of naira as findings on Wednesday showed that they would make...
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World Bank approves $346m for Lake Chad region projects
The World Bank Group on Wednesday announced the approval of $346 million for two key projects in the Lake Chad...
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CBN suspends intervention-loan repayment for one year
The Central Bank of Nigeria has said it is giving one-year moratorium on all principal repayments for COVID-19 intervention loans...
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Axxela N10 Billion Bond Records 124% Subscription
Axxela Limited, a portfolio company with a vision of becoming the preferred and fastest-growing gas & power firm in sub-Saharan...
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TAJBank announces issuance of N150bn FGN Sukuk Bond
TAJBank, Nigeria’s most innovative non-interest financial institution, has announced a N150 million Sukuk Bond issuance as approved by the Federal...
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Lockdown caused more deaths, says Nobel Laureate scientist
The Coronavirus lockdown could have caused more deaths than it saved, a Nobel Laureate scientist has claimed. Michael Levitt,...
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