Nigeria
Ericsson Identifies New Measures for Benchmarking 5G Networks
Ericsson, a global network company has identified key measures for benchmarking 5G technology. The Chief Technical Officer, Ericsson Middle East...
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Bellwethers push investors’ fortunes by N134 billion
The Nigerian equities market closed upbeat yesterday, occasioned by gains in most blue-chip stocks, as investors gained N134 billion. Yesterday,...
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Olubunmi: Effective Credit Risk Management Key to Impaired Loans’ Reduction
The Head, Financial Institutions Ratings, Agusto & Co, Ayokunle Olubunmi, spoke to Goddy Egene on the state of the Nigerian...
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NNPC: $2.8bn AKK Gas Project Won’t Fail Like Others
The Nigerian National Petroleum Corporation (NNPC) yesterday assured stakeholders that the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will not...
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NIPOST vs FIRS: Reps intervene, condemn stamp duty battle
House of Representatives waded in to the crisis between the Nigerian Postal Service and the Federal Inland Revenue Service over...
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Federal Government to auction N150bn bonds next week
The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on August 19....
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Nigeria to ban single-hull tanker by December
The Federal Government has unveiled plans to stop the use of single-hull tankers in Nigeria by December 31st. Director-General of...
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Oil rises above $45, OPEC+ cut compliance dips
The international oil benchmark, Brent crude, rose above $45 per barrel on Monday, supported by an improvement in Chinese factory...
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Telecoms operators want 30% of CBN N15tr infrastructure funding
Telecommunications operators have called on the Central Bank of Nigeria (CBN), to channel 30 per cent of the N15 trillion...
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World Bank approves fresh $114.28m for sub-national fight against COVID-19
The World Bank Board of Directors has approved a $114.28 million funding to help Nigeria prevent, detect, and respond to...
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Local airline to sell asset despite investor’s lawsuit
The management of Med-View Airline Plc has said the plan to sell-off some of its assets was still in place...
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Naira devaluation’ll raise debt profile, inflation, say experts
The recent devaluation of the naira will lead to a rise in the debt profile of the country and banks...
Read moreRenewed profit-taking drag index by 0.06 per cent
Renewed profit-taking in the shares of some blue-chip companies, especially Champion Breweries and Honeywell Flour Mill dragged the All-share Index...
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Nigeria records N136.7b foreign portfolio deficit in first half
For every naira invested, foreign portfolio investors took out N2 in the first half of this year as Nigeria continues...
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FG insures 89,000 employees under N15 billion group life scheme
The Federal Government is said to have settled about N15 billion premiums under the Group Life Insurance scheme to insure...
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Nigeria exported $4.47bn crude, FAAC got N1.83tn —NNPC
It wasn’t that long ago when much of the global elite had conclusively decided that climate change was our world’s...
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NSE All-Share Index Gains 1.4%, Market Sustains Positive Momentum
The stock sustained its positive momentum last week closing with higher index and market turnover. The Nigerian Stock Exchange (NSE)...
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CBN to unify exchange rates, pegs naira at 379/$
The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar from N361...
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‘Oil prices may break $50 in 2021’
Brent crude prices are set to average $42.35 a barrel this year and $49.25 per barrel next year, latest IHS...
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Magu Knows Fate as Salami Panel Submits Report Next Week
The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, may know his fate next...
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Shoprite’s Proposed Exit and Expected Fallouts
Perhaps because its arrival in the Nigerian market redefined consumers’ purchasing habit, the news early last week that South African-owned...
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Chinese loans: Impact, concerns, benefits
It was at the investigative hearing into the agreements signed between Nigeria and China by the House of Representatives Committee...
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Will Ajaokuta Steel Mill Ever Work?
Since inception over 49 years ago, Ajaokuta Steel Company Limited (ASCL), Kogi State, is yet to fulfill the yearning of...
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FG refineries post N406.62bn loss in two years
The four refineries owned by the Federal Government made a total loss of N406.62bn in two years, the latest audited...
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Buruji Kashamu dies of COVID-19 complications
The Coronavirus pandemic yesterday claimed the life of another prominent Nigerian, Senator Buruji Kashamu. Kashamu, 62, died at First Cardiologist...
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