Nigeria
Indisputable Place of Metering in Nigeria’s Power Stability
One of the most fundamental challenges to effective access to electricity in Nigeria is the absence of an overarching metering...
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Bank credits vulnerable to falling oil prices — MPC member
Falling prices in the oil and gas sector which gulp 26 per cent of the credit in the banking sector...
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Poor electricity costs Nigeria N10tn yearly, says World Bank
The unreliable power supply in Nigeria is causing huge economic losses, estimated at N10.1tn, yearly, the World Bank has said....
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Maintaining Downward Streak, FMDQ Turnover Dropped by N5tn in May
Turnover in the FMDQ market platform witnessed a drop of about N5.0trillion in May with turnover declined by 29.34 per...
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Sanwo-Olu: Churches, Mosques to Remain Shut in Lagos
•Cases hit 27,564, with 11,069 discharged and 628 deaths •FAAN rolls out guidelines for air travellers Governor Babajide Sanwo-Olu...
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Three million candidates apply for 400,000 N-Power jobs
Over three million applicants have enrolled for about 400,000 job spaces in the third batch of the Federal Government’s N-Power...
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Lagos schools to reopen on Aug 3 for ‘revision, exams’
Boarding activities excluded; only SSS 3, TEC 3 to resume Face mask defaulters to be arrested, prosecuted Places of worship, events...
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Passengers to pay double for domestic flights
• NCAA Grounds 18 Aircraft, Bar Non-Compliant Operators • FAAN Issues Travellers’ Mandatory Safety Protocols • Palliative For Airlines Underway,...
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Nova Merchant Bank Raises N10bn Bond to Boost Growth
Nova Merchant Bank Limited is seeking to raise up to N10 billion 7-year Fixed Rate Subordinated Unsecured Bonds under its...
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GTI Asset Management Limited gets a “BBB-(IM)”
Rating expires 1 June 2021 Agusto & Co assigns a BBB-(IM) to GTI Asset Management & Trust Limited ('GTI-AML' or 'the Manager')....
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Agusto & Co. assigns an “A-(f)” rating to Zenith Money Market Fund
The rating expires on 31 March 2021. Agusto & Co affirms the A-(f) rating assigned to Zenith Money Market Fund (“Zenith...
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Q1 petrol imports rise to 5.32 billion litres
The volume of petrol imported into the country in the first three months of the year rose by 9.24 per...
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Petrol price: NLC demands reversal, NECA backs govt
The Nigeria Labour Congress has kicked against the new fuel price of N143.8 announced by the Petroleum Products Price Regulatory...
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AMCON takes over Pan Ocean assets over N240 billion debt
The Federal High Court, presided over by Justice A.M. Liman, in the suit between the Asset Management Corporation of Nigeria...
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Foreign reserves fell by $373.23m in June – CBN
The country’s foreign reserves fell by $373.23m from $36.57bn on June 1 to $36.2bn on June 29, latest figures from...
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Investors lose N115bn as stocks reverse gains
Investors lost a total of N115bn on Thursday as the nation’s stock market closed in the red amid profit-taking activities....
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Pandemic Accelerating Digital Transformation, Says RMB Boss
The Chief Executive Officer of RMB Nigeria and the bank’s Regional Head for West Africa, Mr. Michael Larbie, has said...
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Domestic flights resume in Lagos, Abuja July 8
The Minister of Aviation, Hadi Sirika, has announced that Abuja and Lagos airports will reopen for domestic operations on July...
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Agusto & Co. affirms the “Aa-” rating assigned to Rand Merchant Bank Nigeria Limited
The rating expires on 30 June 2021. The rating assigned to Rand Merchant Bank Nigeria Limited (“RMBN” or “the Bank”) reflects its...
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Petrol price hits N143.8, stakeholders push for total deregulation
The pump price band for Premium Motor Spirit has been increased from N121.5 – N123.5/litre to N140.8 – N143.8/litre for...
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OPEC output sinks despite partial compliance by Nigeria, Iraq
The Organisation of Petroleum Exporting Countries (OPEC) oil output hit the lowest in two decades in June as Saudi Arabia...
Read more‘W/Bank appoints two Vice Presidents for African region’
The World Bank’s Sub-Saharan Africa Regional portfolio will now be managed by two vice presidents covering Western and Central and...
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EU opens borders to 15 countries, excludes Nigeria, others
The Council of the European Union has opened its borders to 15 countries, excluding Nigeria. According to information gathered...
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Shell takes $22b hit over low oil prices
Shell, an oil giant, has warned that the low price of oil could reduce the value of its assets by...
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Stock market resumes July upbeat as index rises by 0.47%
Following price gains recorded by most blue-chip stocks, the equities market resumed trading for the month of July upbeat, causing...
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