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COVID-19 spike: Fed Govt slams five-week restrictions
NIGERIANS will in the next five weeks, live with new restrictions to prevent a further spread of COVD-19. The second...
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N13.6tr budget raises concerns on key parameters, deficit
• NASS approves N3.324tr for debt servicing • Passes N453.2b NDDC 2020 budget • FG to sell assets to finance...
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Nigeria’s oil faces threat as electric vehicle sales rise
The rising number of countries gradually shifting from fossil fuels and encouraging the adoption of electric vehicles may pose a...
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Union Bank CEO, Emuwa, Retires
The Board of Union Bank Nigeria Plc yesterday announced that its Chief Executive Officer, Mr. Emeka Emuwa, will retire on...
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BREAKING: Senate passes N13.5trn 2021 budget
The Senate at a special plenary on Monday passed the 2021 budget totalling N13.5trn. The fiscal document is predicated on...
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States plan tough enforcement as new COVID-19 cases surge
State governments on Sunday renewed COVID-19 protocol enforcement as the country battled increasing cases of coronavirus. Officials of states including...
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VFD Group to Raise N13.5bn Capital for Growth, Expansion Plan
The VFD Group Plc has announced plan to raise N13.5 billion fresh capital through private/special placements as part of strategies...
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Food prices rising, household incomes precarious – NBS
The prices of most food items increased in November this year, while the incomes for many households are still in...
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42 microfinance banks lose licences
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have...
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NAICOM tasks insurers on N463.1bn annuity business
The National Insurance Commission (NAICOM) has expressed worry over the declining participation of life companies in retiree life annuity (RLA)...
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Investors Gain N1.3tn as Stock Market Rises to N19tn
The Nigerian stock posted another record performance last week as market indicators hit new highs while investors gained N1.334 trillion...
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Senate passes 2021-2023 MTEF/FSP, pegs oil benchmark at $40
The Senate on Thursday passed the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. It pegged oil benchmark at...
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With Decentralisation, NIMC Targets 200m NIN Registration
The National Identity Management Commission (NIMC) yesterday shed more light on the licensing of 203 public and private sectors agents...
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‘NAICOM unpertubed by recapitalisation suspension’
THE National Insurance Commission (NAICOM) has been in the eye of the storm since it commenced recapitalisation in 2018 till...
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Gov denies ransom as Boko Haram frees 344 schoolboys
Miyetti Allah facilitated release of abducted Katsina students – Masari Abducted GSSS boys in Tsafe, Zamfara State, healthy but tired,...
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Why Nigeria, others may wait till 2024 to access COVID-19 vaccine
• Africa records 74,500 new COVID-19 cases, 1,400 deaths in one week • 1,516 cases, 13 deaths reported among healthcare...
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Mutual Benefits to raise N4.8b
MUTUAL Benefits Assurance Plc is has embarked on a private placement to raise additional N4.8 billion from its investors to...
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Equities Market Rises Further by 2.1% as Bulls Consolidate Hold
The equities market witnessed further growth yesterday as buying interest in bellwether stocks continued. Gains by Airtel Africa Plc, Dangote...
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Agusto & Co. affirms the “Bbb” rating assigned to C & I Leasing Plc Group, with a stable outlook
The rating expires on 30 June 2021. Agusto & Co. affirms the “Bbb” rating assigned to C & I Leasing...
Read moreSenate sustains 2020 budget till March, passes 2021’s Monday
The Senate, yesterday, passed a bill extending the implementation of the capital component of the 2020 Appropriation Act to March...
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Nigeria’s daily oil production falls to 1.32 million barrels
Crude oil production in Nigeria extended its decline to 1.32 million barrels per day in November on the back of...
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House Urges Extension of SIM Card Registration, NIN Linkage Deadline
•FG licenses over 200 agents, institutions to support NIN registration •Subscribers kick against two-week ultimatum for Synchronisation The House...
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Money agents flout CBN’s dollar payment directive
The Central Bank of Nigeria (CBN) has frowned at the flouting of its policy mandating International Money Transfer Operators (IMTOs)...
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Reopening of four borders: LCCI, experts raise smuggling alert as FG retains rice ban
• Other land borders to be reopened on or before December 31, says minister • Government failed, closure didn’t stop...
Read moreInvestors wealth appreciates further by N140b
Transactions on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday, as more blue-chip stocks joined the league of...
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