Nigeria
Trading Value Rises by 57% to N5 Billion
Trading value rose by 56.7 per cent as investors staked N5 billion on 342.2 million shares yesterday, up from N3.1...
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Nigeria’s September inflation rate hits 13.71%, highest in 30 months
Nigeria’s inflation rose to 13.71 per cent in September, hitting its highest level since its 13.34 per cent rate of...
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NAHCO Renews Deal with Airlines, Supports FG’s Export Drive
The Nigerian Aviation Handling Company Plc, (NAHCO) has won the keenly contested handling contract of Qatar Airways for another five...
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NCC prepares to test safety of 5G
The Nigerian Communications Commission says it is working in partnership with stakeholders to ensure the safety of 5G networks in...
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W’Bank, IMF Plan Debt Reduction for Nigeria, Others
•Bank approves $12bn for COVID-19 vaccine •IMF Chief: Africa needs $1.3tn funding The President of the World Bank Group,...
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Lack of PenCom board stalls N14,400 minimum pension payment
Five years after the pension operators and the National Pension Commission drafted guidelines to commence N14,400 minimum pensions for retirees,...
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Police Reform Suffers Setback As Appeal Court Voids Act
The Court of Appeal has declared that the Police Act 2020, enacted in September this year as it affects the...
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Investors Stake N3.1bn on 218m Shares as Index Closes Flat
Investors staked N3.139 billion on 218.424 million shares in 3,896 deals yesterday as the stock market declined by 37.5 per...
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External reserves drop by $50.84m in 10 days
The country’s external reserves dropped by $50.84m from $35.75bn as of October 2 to $35.69bn as of October 12, figures...
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Presidential Panel Accepts Five-point Demand of #EndSARS Protesters
•Protests spread to Port Harcourt, Owerri, Akure, Ibadan, Yola, Enugu, others •Soldiers assault ARISE TV crew, brutalise protesters in Abuja...
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Nigeria’s economy’ll contract by 4.3% in 2020 – IMF
The International Monetary Fund has projected that Nigeria’s economy will contract by 4.3 per cent in 2020. It disclosed this...
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Senators clash as National Assembly debates 2021 budget
Senators on Tuesday commenced debate on the general principles of the 2021 budget estimates, presented to the Joint session of...
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NSE seeks increased liquidity in fixed income securities
The Nigerian Stock Exchange (NSE) has reiterated its commitment to providing a hybrid market for dealers as well as institutional...
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Equities rebound as investors stake N5.02b
AFTER four consecutive negative trading, Nigerian equities returned to the positive side yesterday as increased bargain-hunting overshadowed profit-taking transactions on...
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2021 budget: MDAs get N20bn for electricity, local contractors
The Federal Government plans to settle the electricity bills of its ministries, departments and agencies with N5bn and offset the...
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OPEC: Global Crude Oil Demand to Peak in 25 Years
The Organisation of Petroleum Exporting Countries (OPEC) has projected that despite the growing need for renewables as a source of...
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Power, fuel, VAT increments caused tariff hike – DSTV
MultiChoice Group, owners of the DSTV, has blamed the recent hikes in its subscription tariffs on high cost of production,...
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Dangote refinery, others threaten existing plants – OPEC
New refining capacities expected to come on stream in Nigeria and other African countries in the next few years may...
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Raise banks’ liquidity ratio to discourage foreign currency holding, ABCON charges CBN
• Warns against pegging interest rates to avoid faulty system • Says increasing retirement age would aggravate youth unemployment ...
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Protesters march on…
The raging #EndSARS protest took a dangerous turn yesterday, as the Inspector General of Police (IGP)’s broadcast announcing the disbandment...
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NCDC issues guidelines for safe reopening of schools
The Nigeria Centre for Disease Control (NCDC) has released new guidelines for the safe reopening of schools to ensure that...
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Equity market extends downturn by N41bn
Transactions in the Nigerian equity market on Monday closed negative, as losing streak extended to the fourth consecutive trading days,...
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#EndSARS campaigners demand executive order disbanding squad
After days of public outcry and nationwide protests, the Inspector-General of Police, Mohammed Adamu, on Sunday, bowed to pressure and...
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Union Bank Secures $40m from IFC to Boost Trade
Union Bank said it has received a $40 million facility from the International Finance Corporation (IFC), a member of the...
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Nigerian insurance industry’s asset rises to N1.8tn
The Nigerian insurance industry’s assets rose from N1.61tn at the end of the 2019 financial year to N1.8tn in June...
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