Nigeria
Lagos orders removal of unapproved street gates
In a bid to improve the free flow of traffic across the metropolis, the Lagos State Government has issued a...
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Airlines raise fares 100%
• Economy ticket hits N75, 000; N121, 000 • $200m fund stuck • ‘Blame govt, not airlines’ One of the...
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Experts proffer solutions to Nigeria’s economic crisis
Some financial experts have offered some solutions to the economic crisis facing Nigeria as a result of the impact of...
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Shareholders approve GTB’s holding company
Shareholders of Guaranty Trust Bank (GTB) Plc at the weekend approved the restructuring of the bank to a holding company...
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Pension contributors withdraw N14.79bn as job losses rise
About 26,458 workers who lost their jobs since the COVID-19 pandemic started taking its toll on the economy withdrew N14.79bn...
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Tumbling Naira: Resolving Nigeria’s balance of payment deficit
Domiciliary accounts and remittances have emerged as twin touchy issues in the management of Nigeria’s foreign exchange market (forex). And...
Read morePenCom recovers N213.07m from defaulting employers in Q3
The National Pension Commission has said it recovered N213.07m from employers who deducted pension savings from their workers’ monthly emoluments...
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Agusto & Co. assigns a ‘Bbb-’ rating to Jaiz Bank Plc, with a stable outlook
Agusto & Co. hereby assigns a ‘Bbb-’ rating to Jaiz Bank Plc (‘Jaiz Bank’ or ‘the Bank’), reflecting the Bank’s...
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Excitement as New Diaspora Remittances Policy takes Effect Today
•Annual inflows put at $24bn •CBN, NSIA, AFC to float N15tn infrastructure fund There is palpable excitement among Forex users...
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$21bn Legally Withdrawn from NLNG Dividends Account, Says Kyari
Nigeria National Petroleum Corporation (NNPC) yesterday defended the withdrawal of over $21 billion from the Nigeria Liquefied Natural Gas (NLNG)...
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NSE: Application of 0.08% Stamp Duty Begins December 7
The Nigerian Stock Exchange (NSE) yesterday said from Monday, December 7, the Stamp Duty rate of 0.08 per cent on...
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Reps summon Ahmed, Emefiele over $21bn NLNG funds, N1.2tn proceeds
The House of Representatives, on Thursday, summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed; Governor of the...
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Arik, Aero May Merge for Business Survival
There are strong indications that stakeholders are considering a merger between Arik Air and Aero Contractors, two airlines under the...
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Dangote Refinery among 20 world’s most influential projects
Dangote Oil Refinery has been listed among the world’s top 20 influential projects surveyed in the last 18 months by...
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FIRS rakes in N4.122tr in 10 months
The Federal Inland Revenue Service (FIRS) yesterday put its overall 2020 performance from January to October at N4.122 trillion. It...
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Stock market down by N42bn on profit-taking
The Nigerian equity market returned to negative territory on Wednesday as investors began to take profits to increase capital gains....
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CBN introduces new bills to control liquidity
The Central Bank of Nigeria has said it has introduced special bills as part of efforts to deepen the financial...
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New Finance Bill proposes 10% VAT for defaulters
The Finance Bill 2020 scaled second reading on the floor of the Senate on Wednesday. The proposed legislation stipulates various...
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Buhari to go tough on Discos, agents selling prepaid meters
The President, Major General Muhammadu Buhari (retd.), has reiterated his resolve to mete stiff measures to any of the Discos...
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Afreximbank Launches MANSA, Africa’s Digital Due Diligence Repository
African Export-Import Bank (Afreximbank) has officially launched the operations of ‘MANSA’, a pan-African customer due diligence repository for financial institutions,...
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Nigeria resumes petrol import from China
Nigeria, Africa’s biggest oil producer and exporter, has resumed importation of petrol from China, the world’s top crude oil importer....
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US Soybean Export Council to Establish Excellence Centres in Nigeria
The United States Soybean Export Council (USSEC), the American Soybean Association’s World Initiative for Soy in Human Health (ASA/WISHH) and...
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25m Nigerians to benefit as government launches off-grid solutions
The Federal Government has announced a scheme aimed at rolling out five million solar systems to provide power to unserved...
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Minister promises reopening of varsities as NASU issues strike notice
Minister of Education, Adamu Adamu, yesterday, said the universities would soon reopen for academic activities after almost one year of...
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Banker’s Award: Zenith Bank Emerges Bank of the Year 2020
Zenith Bank Plc said it has emerged ‘Bank of the Year in Nigeria’ in The Banker’s Bank of the Year...
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