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As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the continent’s second-largest economy. ...
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Discos reject 17,657MW as power outage persists
Power generation on the national grid wobbled continuously in February as electricity distribution companies rejected a total of 17,657.19 megawatts...
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NSE Members Okay Exchange as Profit-making, Limited Liability Entity
Members of the Nigerian Stock Exchange (NSE) yesterday approved the process to conclude the demutualisation of the exchange to become...
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Firm Expands Operations to Nigeria
Dan Holdings Group, a Dubai-based blockhchain technology and cryptocurrency company, is expanding its business operations to Nigeria and Africa. ...
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Coronavirus: Facilities in FCT, Ogun, others not ready, FG deploys more doctors in airports
Isolation centres for potential patients suffering from the coronavirus disease are not ready in the Federal Capital Territory and some...
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NDIC wins N1.4bn case against defunct Gulf Bank debtor
The Nigeria Deposit Insurance Corporation (NDIC) has secured a judgment against Jolimair Nigeria Limited and three other debtors on their...
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Shipping lines may lose $1.7bn to Coronavirus – Report
A Copenhagen-based analysis company, Sea-Intelligence, has predicted that international shipping lines may lose $1.7bn in revenue following the impact of...
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NNPC to Double Nigeria’s Domestic Gas Supply, Export Fuel by 2023
The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline...
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New Report Rules out Naira Devaluation in 2020
A new report has revealed that naira devaluation is unlikely in 2020 despite it being nine per cent overvalued and...
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Alleged debt: Ecobank demands N3.3b from oil firms
ECOBANK Nigeria Limited on Tuesday urged the Federal High Court in Lagos to order Sahara Group Limited to pay it...
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N900m debt: Buhari ex-loyalist, Galadima, loses house, firm to AMCON
A Federal High Court sitting in Abuja, in Suit No. FHC/ABJ/CS/1136/2019 has ordered the Asset Management Corporation of Nigeria to...
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Tax evasion: Tribunal orders firm to pay N1.7 billion to FIRS
The Tax Appeal Tribunal, Lagos Zone, has ruled as lawful, an assessment in additional tax liability of almost N1.74billion awarded...
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Oil Price Slumps to $56 as Coronavirus Spreads Globally
Crude oil price tumbled by three per cent yesterday, as the rapid spread of a coronavirus in several countries outside...
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When Nigeria visa restriction will be reviewed – US
The United States of America Consulate in Nigeria said the immigration visa ban imposed on Nigerians by its President, Donald...
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Reps committee summons NIMASA to explain unaudited accounts
The House of Representatives Committee on Public Accounts has summoned the management of the Nigerian Maritime Administration and Safety Agency...
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SEC moves to pay Ponzi scheme subscribers
The Securities and Exchange Commission (SEC) has said subscribers of the defunct Dantata Success and Profitable Company (DSPC), Kano, a...
Read morePrepare for electricity tariff hike, TCN tells Nigerians
Nigerians should be prepared to pay cost-reflective electricity tariffs in order to enjoy the benefits of the liberalisation of the...
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Customs intercepts smuggled rice in gas cylinders
The Nigerian Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, has intercepted some foreign parboiled rice concealed in gas...
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FIRS, NIPOST face off over Stamp Duty collection deepens
Barely two days after the Federal Inland Revenue Service (FIRS) told the Ogun State Governor, Dapo Abiodun, that it is...
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NSE Launches Comic Book to Promote Financial Literacy
As part of efforts to promote financial literacy, the Nigerian Stock Exchange (NSE) has launched a comic book known as...
Read moreExperts allay fear of naira devaluation in 2020
Experts in the financial system have allayed fears of possible devaluation of the Naira this year, considering various strategies the...
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World Bank okays $2.185b to fight poverty, corruption in Nigeria
THE World Bank has approved $2.185 billion to support six projects that it says would boost the country’s development. According...
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Analysts Raise Concern over Planned Reversal of SIM Registration Policy
Analysts at Cordros Securities Limited have expressed concern about the recent directive issued by the Minister of Communications and Digital...
Read moreFIRS targets 17% tax to GDP ratio by 2023
The Federal Inland Revenue Service has said that it will raise Nigeria’s tax ratio to Gross Domestic Product ratio from...
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Stanbic IBTC Leads Afreximbank’s N300bn Bond Issiuance Programme
Stanbic IBTC Capital Limited, a subsidiary of the Stanbic IBTC Holdings Plc has established a N300 billion Domestic Bond Programme...
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