Nigeria
Dollar savers offload deposits as naira exchanges for N490/$
The naira on Tuesday recorded significant gains against the dollar. The local currency’s appreciation against the greenback came a day...
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World airlines rally governments to financial, regulatory support
World airlines have again hinged the industry’s rebound from the effects of the COVID-19 pandemic on governments’ financial and regulatory...
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CBN Releases Banks’ Excess CRR to Spur Economic Recovery
•Introduces 90-day special bills •Dealers, analysts welcome new policy on Diaspora remittances As part of efforts to support economic...
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Yakubu Gets Second Term as Senate Confirms Nomination
The Senate yesterday confirmed the reappointment of Prof. Mahmood Yakubu by President Muhammadu Buhari, as Chairman of the Independent National...
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Buhari writes N’Assembly, seeks approval for Finance Bill
The President, Major General Muhammadu Buhari (retd.), has transmitted Finance Bill 2020 to the National Assembly for consideration and passage...
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AfDB Invests $5m in Clean Cooking Solution
The African Development Bank’s Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver...
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May & Baker Nigeria grows Q3 profit by 44% to N1b
May & Baker Nigeria Plc crossed a landmark to a pre-tax profit of N1 billion in the third quarter as...
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Stock market resumes December upbeat as capitalisation rises by N55b
The equity market resumed December trading in an uptrend with market capitalisation increasing by N55 billion. At the close of...
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Biden Appoints Nigerian-born Adeyemo Deputy Treasury Secretary
The United States President-elect, Mr. Joe Biden, yesterday unveiled Nigerian-born, Mr. Adewale Adeyemo, as the Deputy Treasury Secretary. Adeyemo,...
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Report: FG Should Unlock Investment, Prioritise Spending
The federal government has been advised to unlock investment opportunities in the economy by focusing on labour intensive sectors in...
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FG, Egyptian firm sign pact to invest in gold mining
The Federal Government and Messrs La Mancha Incorporated, a leading Luxembourg Incorporated Private Gold Development and Mining Company in Cairo,...
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N69.4b debt: Jimoh Ibrahim asks court to reverse assets seizure
A Federal High Court in Lagos will on Tuesday resume hearing on an application filed by businessman Jimoh Ibrahim for...
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EKEDC Launches SCADA to Enhance Service Delivery
The Eko Electricity Distribution Company (EKEDC) has formally launched its innovative network solution –Supervisory Control and Data Acquisition – Distribution...
Read moreForex scarcity bites harder, CBN amends diasporan remittance law
The Central Bank of Nigeria said on Monday that it had amended the procedures for receipt of diaspora remittances as...
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N’Assembly may pass 2021 budget December 10
The Senate and House of Representatives Committees on Appropriations are expected to turn in their report on the 2021 Appropriation...
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Crash in money market instruments triggers N2.3tr gain
Investors on the Nigerian Stock Exchange (NSE) gained N2.3 trillion in November, as the market recorded its best monthly appreciation...
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OPEC ministers meet on oil cuts
Top energy decision makers from across the Organisation of Petroleum Exporting Country (OPEC) are scheduled to meet today in furtherance...
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Airlines hike airfares by 100% as operating costs rise
The cost of air tickets along several routes have doubled due to the high demand for air travel in light...
Read moreBDCs Now to Sell Dollars at N392$1
The Central Bank of Nigeria (CBN) has adjusted the exchange rate Bureau De Change (BDC) operators are to sell the...
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TCN admits national grid’s collapse, plans probe
The Transmission Company of Nigeria has said it will conduct investigations to establish the cause(s) of the multiple tripping that...
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NAICOM to sanction firms over unsettled claims
The National Insurance Commission (NAICOM) said it is profiling insurance companies with huge unsettled claims for necessary regulatory actions. The...
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Banks’ Profits Rise to N677bn Despite COVID-19 Harsh Conditions
Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have...
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Nestlé mops up more Nigerian shares
World’s largest food company, Nestlé S.A at the weekend continued its direct secondary market purchase of shares of its Nigerian...
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Concerns over COVID-19, Yellow Fever spike as yuletide beckons
• NCDC Urges Nigerians To Limit Travels, Get Yellow Fever Vaccination • Returning Travellers To Carry Out COVID-19 Polymerase Chain...
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Border closure: Manufacturers losing market share daily
Manufacturers Association of Nigeria says its members are losing market share daily to other African countries due to the closure...
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