Nigeria
Food prices jump by 31%, says NBS
Ebonyi and Abia states led as food prices jumped by 31 per cent within in 12 months from July 2022...
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32.5% CRR: CBN Debited 10 Banks N1.62tn in H1 2023
For failing to meet the 32.5 percent Cash Reserve Requirement (CRR) threshold, the Central Bank of Nigeria (CBN) debited 10...
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Trade volume hits N1.12bn on NGX
The daily volume of trade on the Nigerian Exchange Limited increased by 98 per cent to 1.12 billion units on...
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FG may pay N1.68tn fuel subsidy, marketers forecast N900/litre
The Federal Government may spend about N1.68tn as subsidy on Premium Motor Spirit, popularly called petrol, from September to December...
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Subsidy Back As FG Pays N169.4bn In August
Despite the numerous assurances by President Bola Ahmed Tinubu that the subsidy is gone, Daily Trust’s finding shows that the...
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Naira tumbles to 980/dollar, FX shortage worsens
The naira continued its downward trend after exchanging to the dollar at 980/$ at the parallel market on Wednesday. A...
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Niger crisis will put pressure on Nigeria food market — W’Bank
The coup d’état in Niger may put additional pressure on Nigeria and other West African nations’ food markets, the World...
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Cardoso: Inflation, debt management, forex top manufacturers’ demands
Taming the country’s rising inflation, addressing the issue of forex scarcity and tackling Nigeria’s rising debt are some of the...
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Despite Multi-billion Naira Spending on Oil Assets Protection, Nigeria Records Least Crude Output in Four Years
In spite of massive official and back channel spending on oil assets protection in the Niger Delta, Nigeria’s crude oil...
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Equities Extend Gains, Up N264bn
Nigerian equities yesterday delivered a positive performance and extended gains from the previous session as the overall capitalization rose by...
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Nigeria’s debt jumps by 75% in three months, hits N87tn
The Debt Management Office has said Nigeria’s total public debt hit N87.38tn at the end of the second quarter of...
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Nigeria, UK trade volume now N7.1trn – British envoy
The annual trade volume between Nigeria and the United Kingdom has risen to £7.6 billion (about N7.15 trillion). The Deputy...
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Experts Laud Oando’s Acquisition Of Agip Nigeria’
Some experts in Nigeria’s oil and gas sector have commended the group chief executive of Oando Group, Adewale Tinubu, for...
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BoI Grows Total Assets 67% To N3.3trn In H1
The total assets of the Bank of Industry (BOI) has hit N3.3 trillion as at June 30 2023, which represents...
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Presidential panel plans 83% cut in taxes, levies
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has said Nigeria has over...
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Nigeria’s Power Sector Records 11.4m Customers in Q2
The total customer numbers in Nigeria’s electricity supply industry rose to 11.47 million in the first quarter of 2023, from...
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Husk Launches Initiative to Mobilise $500m for Mini-grids in Africa
Husk Power has officially launched the ‘Africa Sunshot initiative,’ committing to mobilise $500 million over five years to rapidly scale...
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PENGASSAN reacts as Dangote refinery misses production deadline
The 650,000 barrels per day Dangote Refinery is yet to begin production after the August commencement date, earlier announced by...
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Operators excited as UAE lifts visa ban on Nigerians
The United Arab Emirates, on Monday, lifted its months-long visa ban on Nigerians. Consequently, Etihad and Emirates Airlines will resume...
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Stock Market Down N464bn on Profit-taking in GTCO, Zenith Bank, Others
Investors’ profit-taking activities in Guaranty Trust Holding Company (GTCO), Zenith Bank Plc, Dangote Sugar Refinery, and 40 others depreciated the...
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Unity Bank grows deposits to N333bn in H1
Unity Bank Plc has said its deposits grew marginally by two per cent to N333.38bn in the first half of...
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BREAKING: CBN directs banks to stop spending FX revaluation gains
The Central Bank of Nigeria issued a directive instructing commercial banks on Monday to refrain from utilizing their foreign exchange...
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Zenith Bank Delivers Phenomenal Triple-digit Growth in First Half 2023
Zenith Bank Plc has announced its audited results for the half-year (H1) ended 30 June 2023, recording an astounding triple-digit...
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FG delists 37 illegal loan apps
The number of delisted loan apps rose from nine to 37, according to the Federal Competition and Consumer Protection Commission’s...
Read moreCBN directs banks to stop spending FX revaluation gains
The Central Bank of Nigeria issued a directive instructing commercial banks on Monday to refrain from utilizing their foreign exchange...
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