Nigeria
Nigeria boosts refining capacity with new 5,000bpd refinery
• Over 2.5b litres of products, 18,000 jobs to be created • UNIDO, UNECA, Waltersmith seal pact on industrial, innovation...
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Naira value not decided by parallel market, says Emefiele
The Central Bank of Nigeria (CBN) has labeled the foreign exchange parallel market as tainted and a channel for bribery...
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NSE All-Share Index Rises 0.65% as Stock Market Rebounds
The stock market rebounded yesterday which made the Nigerian Stock Exchange (NSE) All-Share Index (ASI) to rise by 0.65 per...
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Nigeria’s per capita income could fall to 40-year low – W’Bank
THE World Bank said on Monday that Nigeria’s per capita income could fall in 2020 to its lowest level in...
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N2bn fraud: Ndume remanded as Maina jumps bail, flees
THE Federal High Court in Abuja on Monday ordered the remand of Senator Ali Ndume in prison over his inability...
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Experts prescribe leeway to nation’s exit from recession, economic rebound
The government, as a matter of policy and action, has been urged to diversify Nigeria’s economic structure away from primary...
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Vehicle forfeiture: Lagos goes on the offensive
In Lagos, drivers, irrespective of whether they are commercial or private, engage in this with reckless abandon, with many culprits...
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Naira plunges further, exchanges for 483/$ over speculation
The naira exchanged to the dollar for 483 in the parallel market on Monday. This was despite the regular interventions...
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NEITI: Nigeria to Earn More Oil Revenue in 2020 than Estimated
Nigeria has surpassed the amount of revenue it planned to earn from its amended 2020 budget and could earn more...
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All-share Index Falls 0.04% as Market Opens on Negative Note
The Nigerian equity market opened for the week on a negative note, declining marginally by 0.04 per cent as profit...
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Nigeria will exit recession soon, says finance minister
The current recession, which the Nigerian economy recently slid into, will be short-lived, the Minister of Finance, Budget and National...
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FG Urged to Fully Deregulate Downstream Oil Sector
Stakeholders in the downstream value chain of the oil and gas sector has stressed that deregulation remaines the most appropriate...
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Insurance sector contracts by 16.54% in Q3
The insurance sector contracted by 16.54 per cent in the third quarter of 2020 financial period, latest figures from the...
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FBN Holdings Grows Profit by 32% to N68bn in Nine Months
FBN Holdings Plc has reported a growth of 31.7 per cent in its profit after tax (PAT) for the nine...
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Wobbly choices for CBN on recession
• As Monetary Policy Committee meets • Economists chart path to tackling the recession • Too early to predict the...
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Volatility persists on NSE as profit-taking in high cap stocks drag index by 2.57%
Contrary to the significant buying activities witnessed in the previous weeks, the local market was largely dominated by the bears...
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Securities dealers oppose FG’s proposed unclaimed dividend fund
The proposed plan by the Federal Government to manage unclaimed dividends, projected to hit N200bn by the end of this...
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#EndSARS: We went with live bullets to Lekki Tollgate, Army confesses
The Nigerian Army, yesterday, left everyone shell-shocked when it confessed to taking live rounds to the Lekki Tollgate on October...
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COVID-19: Rising Cases, No Plans for Another Lockdown, Says SGF
•Stricter measures to strengthen system likely ahead of yuletide •Links rise in new cases to protests With the economy...
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NNPC petrol sales revenue drops despite price hike
The volume of petrol sold by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, dropped...
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COVID-19, oil prices drag Nigeria into second recession in four years
Records second consecutive negative GDP in 2020 Experts blame dip on adverse policies, insecurity Urge National Assembly to pass 2021...
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Lawan: There Will Be Anarchy If Senate is Scrapped
The President of the Senate, Ahmad Lawan, yesterday warned those clamouring for the scrapping of the Senate that the country...
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Lekki shootings: Sanwo-Olu must appear before panel, #EndSARS lawyer insists
says gov ‘is a factor’, must respond to military allegations Panel has power to invite anybody –Commissioner We’ve given AGF,...
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EFCC: Magu out as Salami panel okays interim chair for two years
•Says Police should no longer head commission •Magu kicks, says Panel’s recommendations outside panel’s terms of reference THE suspended...
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COVID-19: FG, WFP begin $4m cash, food distribution
The Federal Government and the World Food Programme are jointly distributing cash and food items worth about $4m to vulnerable...
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