Nigeria
Sanwo-Olu flags off construction of 377 roads, power projects
The governor of Lagos State, Mr. Babajide Sanwo-Olu, on Friday flagged off the construction of 377 projects across all the...
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PenCom recovers N17.52bn from defaulting employers
The National Pension Commission has recovered N17.52bn from employers who deducted monthly pensions from their workers’ monthly salaries but refused...
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Foreign portfolio investments drop by N124b
INVESTORS apathy to Nigerian securities amid foreign exchange control, illiquidity and other macroeconomic risks have affected foreign portfolio investments in...
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Labour shuns ruling stopping strike, talks with FG deadlocked
National Industrial Court rules on anti-strike suit filed by a group We don’t know them, they are not our employers,...
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‘Nigeria has potential for over a million vehicles a year’
The automotive industry has revved up to a higher gear in Africa, with South Africa and Morocco currently the only...
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Emirates to parley Fed Govt on flight ban
Emirates Airlines is engaging the Federal Government on a flight ban extended to the Middle East carrier this week. The...
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174,574 apply for COVID-19 N75bn MSME survival fund
Within 48 hours a total of 174,574 persons successfully registered for the N75bn National MSME Survival Fund and the Guaranteed...
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PenCom approves shared service initiative to accelerate data recapture
• Considers self-service remote recapturing • Only 11 states remit pension contributions under CPS The National Pension Commission (PenCom),...
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Stock Market Boosted As Investors Gain N106bn
rice appreciation in Nigerian Breweries (+10.0 per cent), Dangote Cement (+0.9%) and Guaranty Trust Bank (+2.0%) buoyed positive returns in...
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30 People Injured, 23 Buildings Destroyed in Lagos Explosion
No fewer than 30 people were yesterday injured in a gas explosion that occurred at Iju Ishaga, Lagos State, while...
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Lagos agency launches fuel station for ferries
The Lagos State Waterways Authority on Tuesday launched its first-ever fuel station on the Lagos inland waterways. The station...
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Finally, President Sends New Petroleum Bill to National Assembly Next Week
Barring unforeseen circumstances, President Muhammadu Buhari would next week send the long-awaited oil-reform bill to the Senate, sources familiar with...
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Elumelu makes TIME’s 100 List of Most Influential People
THE Chairman, United Bank for Africa and Tony Elumelu Foundation (TEF), Tony Elumelu, has been recognised on the Time100 List...
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NNPC seeks capacity upgrade for indigenous operators
The Nigerian National Petroleum Corporation has said indigenous companies operating in the nation’s oil and gas sector must upscale their...
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BDCs Seek Approval for Electronic FX Trading
The Association of Bureaux De Change Operators of Nigeria (ABCON) yesterday appealed to the Central Bank of Nigeria (CBN) to...
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Total commits N1.2bn to fight COVID-19
Total Nigeria, a major oil company with operations in the upstream and downstream sectors of the oil industry, has said...
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Dangote Cement pays over N1 trillion dividends in seven years
Dangote Cement has paid its shareholders over N1trillion as dividends in the past seven years, as part of efforts to...
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NSE admits United Capital’s N10bn bond
The Nigerian Stock Exchange (NSE) yesterday admitted United Capital Plc’s N10bn 5 Year 12.5 per cent Senior Unsecured Fixed Rate...
Read morePetrol price, electricity tariffs: Labour set to begin strike
Labour on Tuesday set Monday for “unprecedented mass action” and “total strike” to get the government to reverse the hike...
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CBN prepares for recession, reduces benchmark lending rate to 11.5%
The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate by 100 basis points from 12.5 per cent...
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Recapitalisation: NAICOM Reads Riot Act to Operators over Outstanding Claims
The National Insurance Commission (NAICOM) has said it will not endorse the recapitalisation plan of any firm that doesn’t clear...
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Unstable laws affecting flow of foreign investments into oil sector, says NNPC
The oil and gas sector might not attract the needed foreign direct investments (FDIs) except the country reviews its regulatory...
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CBN Disburses N374bn to Smallholder Farmers
The Central Bank of Nigeria (CBN) yesterday said it has funded smallholder farmers (SHFs) under the Anchor Borrowers Programme (ABP)...
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Renewed bargain-hunting pushes index by 0.31 per cent
The Nigerian equities market rebounded yesterday, occasioned by bargain-hunting in most blue-chip stocks, causing the All-Share Index (ASI), to advance...
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Kyari: Market Cabal Enriched Themselves with Subsidy Payments
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that the benefits of...
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