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COVID-19: Oil prices rise as countries ease lockdown
Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs...
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Bank customers decry poor services of ATMs, USSD codes, others
• Defy social distancing, face-masks wearing • LASTMA impounds erring drivers’ vehicles Despite assurances of uninterrupted and hitch-free services...
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Over 40% of Nigerians poor, Sokoto tops chart – NBS
The National Bureau of Statistics (NBS) has reported that four out of every 10 Nigerians are poor. The bureau gave...
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Nigeria Receives $311m Abacha Loot Repatriated from US, Jersey
The federal government on Monday confirmed the receipt of approximately three hundred and eleven million, seven hundred and ninety-seven thousand,...
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FG confirms Thomas as commissioner for insurance
The President, Major General Muhammadu Buhari (retd.), has approved the appointment of Mr Sunday Thomas as the substantive Commissioner for...
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COVID-19: 220 new cases as national tally hits 2,388
Seventeen coronavirus related deaths were recorded across the country on Saturday including a runaway patient in Kebbi State. Another...
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Anxiety as Daar Communications awaits results of more COVID-19 tests
There is anxiety among members of staff of DAAR Communications, owners of RayPower FM and AIT television stations as they...
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First Bank, Polaris Bank Bounce Back
•CBN’s patience with FirstBank, support for Polaris, pay off •One year after merger, Access Bank offers deals, says social media...
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14 projects threatened in Nigeria as Shell posts loss
A total of 14 projects in Nigeria may suffer delays as Royal Dutch Shell posted a loss in the first...
Read moreCOVID-19: Infected health workers rise from 40 to 113 in one week
COVID-19 patients seeking alternative treatment, FG laments Donate your buildings as isolation centres, minister begs Nigerians Sanwo-Olu blames late border,...
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…says Nigeria’s oil, gas exports to fall by $26.5bn
The International Monetary Fund has said Nigeria’s oil and gas exports are expected to fall by at least $26.5bn this...
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Subscribers lament slow speed as lockdown raises data use
• Traffic increases by 15 per cent as telcos’ revenue grows • Virtual operations take centre stage, cut overhead cost...
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$3.4bn support: IMF to conduct due diligence on CBN
Indications have emerged that the International Monetary Fund is to conduct a due diligence exercise on the Central Bank of...
Read moreShell cuts dividend to investors first time in 80yrs
Royal Dutch Shell with strong presence in Nigeria’s petroleum industry upstream sub-sector through its subsidiary Shell Petroleum Development Company (SPDC),...
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Increasing tomato production
Tomato is an important vegetable crop in Nigeria. It is widely grown for home consumption and for sale. Its demand...
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FG disburses N43.4bn to 24 states under W/Bank-assisted programme
The Federal Government has disbursed the sum of N43.416 billion (about $120.6 million) as performance-based grants to 24 eligible states...
Read moreCOVID-19: FG Unveils Six-week Gradual Plan to Reopen Economy
Restricts banking operations to six hours To enforce mandatory 14-day quarantine for all arrivals Orders 107,000 GeneXpert cartridges to fast...
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FG decontaminates two out of 123 aircraft
The Federal Government has said that it plans to decontaminate 123 aircraft nationwide to curtail the spread of COVID-19 but...
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Lagos businesses open 9am-3pm from next week
• Commercial buses to operate 60 per cent capacity • Civil servants on Level 1-12 to work from home •...
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CBN Resumes Dollar Sales for SMEs, School Fees
The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks to enable parents...
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N850bn loan will enhance 2020 budget fiscal efficiency – DMO
The Debt Management Office (DMO) has said that the N850 billion loan approved by the Senate on Tuesday is not...
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COVID-19: FRC Unveils Guidelines for Preparers of Financial Statements
The Financial Reporting Council of Nigeria (FRC) has released fresh guidelines on the impact of COVID-19 on financial reporting. The...
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Banks to Reap Higher Income from Digital Platforms, Says Agusto & Co
Agusto & Co. has predicted that more bank customers would embrace digital banking platforms which could result in higher electronic...
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Q1: Stanbic IBTC Records N61bn Earnings, N21bn Profit After Tax
Stanbic IBTC Holdings Plc has announced its financial results for the first quarter (Q1) ended March 31, 2020, showing a...
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Nigeria seeks documents from Citi, JPMorgan, others to overturn $9.6 bn P&ID case
Nigeria is seeking documents from 10 banks, including Citigroup Inc. and JPMorgan Chase & Co., in a bid to overturn...
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