Nigeria
Flights resumption: No decision taken on social distancing in aircraft — NCAA
Discussions are still ongoing over modalities for implementing social distancing protocol in the aircraft ahead of June 21 flights resumption,...
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How speculators undermine efforts to sustain naira stability
The introduction of several forex management measures side-by-side with complementary interventions in food production and manufacturing have drastically reduced food...
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Investors scramble for big banks in N23.55b equities deals
‘First tier banks are safe havens’ Profit-taking cuts N131.2b from equities Investors increased their stakes on Nigerian equities by...
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Firms expect further naira depreciation, dollar sells for N440
Business organisations in the country expect the naira to depreciate further in the next few months, a report by the...
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Lagos-Ibadan Expressway, 2nd Niger Bridge ready 2022 –FG
The Lagos-Ibadan Expressway, the Second Niger Bridge, and the Abuja-Kaduna Expressway, among others, are to be completed in the first...
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JAIZ Bank declares N2.4bn profit after tax in 2019
Jaiz Bank Plc, one of Nigeria’s non-interest Islamic Bank, has released its 2019 audited results for the period ended December...
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GenCos loss N122.79b in five months to capacity challenges
Nothing less than N122.79 billion has been lost by Nigeria’s power generation companies (GenCos) between January to May this year....
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10 banks earn N22bn on account maintenance charges
The current year has seen a surge of N2.9 billion amounting to an increase of 13.2 percent year on year...
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BUA gets govt’s nod to re-open $400m PH terminal
The Federal Government has given the nob to BUA Group to re-open its $400 million BUA Ports and Terminal in Port...
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Oil soars to $40 as Nigeria cuts production to 1.613m b/d
Oil prices rose sharply yesterday, as Brent per barrel settled above $40 due to reported small crude oil inventory draw...
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Revised budget: Anger over cuts in health, education votes
The ministries of health, education, science and technology and agriculture are among the worst hit by capital expenditure reductions. The...
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FEC approves N1.6bn for proposed Abuja runway
The Federal Executive Council has approved the sum of N1.6bn for consultancy services for pre-contract services for the design and...
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Stock markets surge on swift recovery hopes
Growing optimism about a swift global economic recovery pushed equity markets sharply higher Wednesday, as investors took heart from further...
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Buhari Vows Nigeria’s Unflinching Support for Adesina
President Muhammadu Buhari yesterday assured the embattled President of African Development Bank (AfDB), Dr. Akinwumi Adesina, of Nigeria’s unwavering commitment...
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FMDQ Admits Flour Mills of Nigeria’s N30 Billion Commercial Paper
FMDQ Securities Exchange Limited has approved the quotation of the Flour Mills of Nigeria Plc N10.00 billion Series 13 and...
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FBN Holdings Divests from Insurance Subsidiary, Sells Firm to Sanlam
FBN Holdings Plc has divested its 65 per cent equity in FBN Insurance Limited to Salam (PTY) Limited, which used...
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PFAs shun T’bills, invest N1.6tn in banks, commercial papers
Pension Fund Administrators have gradually reduced investment of pension funds in the Contributory Pension Scheme in treasury bills, findings have...
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Marketers identify challenges in FG’s petrol price review
Again promises given by the Federal Government to properly consult marketers of Premium Motor Spirit (PMS) otherwise called petrol before...
Read moreOil rises to $38 as OPEC+ discusses production cut extension
The Organisation of Petroleum Exporting Countries and its allies led by Russia are moving closer to a compromise on extending...
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Lagos, Osun, Kwara retain ban on religious centres
• Task force issues more guidelines, encourages worship at home • 812 healthcare workers infected with COVID-19, says NCDC ...
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Revised budget: FG gives National Assembly N27bn for renovation, cuts health, UBE votes
The Federal Government has reduced the N37bn budget for the renovation of the National Assembly complex to N27.7bn. The...
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FIRS mulls charges on ATMs, WhatsApp
The Federal Inland Revenue Service (FIRS) says Nigerians will pay stamp duties on WhatsApp messages, SMS, and messages via any...
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Nigeria Loses N160bn to OPEC Production Cut
Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil...
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Marketers vow to comply as FG announces new fuel price
As the federal government on Monday announced a new pump price band for Premium Motor Spirit (petrol) from N125.50/N123.50 per...
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Buhari Relaxes Restrictions on Churches, Mosques, Banks, Hotels
•Maintains closure of schools, reopens airports to domestic flights June 21 •Curfew now 10 pm to 4 am, retains interstate...
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