Nigeria
Dollar sells for N445 as forex scarcity persists
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex...
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COVID-19 will worsen Nigeria’s debt, says NESG
With declining revenue, Nigeria’s debt position will be worsened as the government is set to embark on massive borrowing of...
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Q1: Sterling Bank Records N35bn Gross Earnings, N2.2bn Profit
Sterling Bank Plc has recorded gross earnings of N32.9 billion in the first quarter ended March 31, 2020, compared with...
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NESG forecasts 4.1% GDP rate decline for Nigeria
The Nigeria Economic Summit Group on Monday projected that under a best case scenario, with global oil price averaging $35/barrel...
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Stock market ends rally with N49 billion plunge
Following price losses suffered by most blue-chip stocks, the Nigerian equities market reopened on a downturn yesterday, as market capitalisation...
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CBN Assesses Funding Requests for Nigerian-made COVID-19 Vaccines
•248 new cases bring tally to 4,399 with 778 discharged, 143 dead •FG increases testing laboratories to 23 •CACOVID pledges...
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States set to adopt new mortgage law
The Nigeria Mortgage Refinance Company has said more states across the country are showing interest in the new mortgage law....
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Nigerian households spent N2tn on fuel, electricity in 2019 –NBS
Households in Nigeria spent a total of N2.02tn on fuel and electricity in 2019, the National Bureau of Statistics has...
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UAC sets July date to divest from UPDC
UAC of Nigeria (UACN) Plc has said it would unbundle its ma jority stake from its loss-making property arm UACN...
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Borrowing: W/Bank, AFDB to approve Nigeria’s request by June – DMO
The Federal Government has disclosed that the $1.5billion loan request from the World Bank and the additional $500 million loan...
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Importers worry over N2bn air cargo storage charge
There are billions of naira worth of overtime cargoes at the airports with accumulated storage fees amounting to over N2bn,...
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Foreign investors free to repatriate their funds – CBN
The Central Bank of Nigeria (CBN), has assured investors interested in repatriating their funds from Nigeria that they can do...
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Cheap assets, lockdown easing, others push NSE’s indicators by 4.45%
Cheap stocks prices, gradual easing of the lockdown, and inflow of facilities from the International Monetary Fund (IMF), propelled activities...
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Global Stock Markets Lose $18tn to Pandemic, Says Report
Over $18 trillion have been wiped out globally by the COVID-19 crisis between February and March 2020, even as capital...
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Seven Nigerian banks post N209.16bn profits
Seven Nigerian banks recorded a combined profit after tax of N209.16bn in the first quarter of this year, their unaudited...
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COVID-19: Sanwo-Olu threatens total lockdown over poor compliance
The Governor of Lagos State, Mr Babajide Sanwo-Olu, has threatened to impose a total lockdown on the state if people...
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COVID-19: Cost of treatment above N100, 000 per patient as cases climb to 4, 000
• Patients Treated With Cocktail Of Drugs Plus Prescription Antiviral • Treatment Largely Based On Symptoms • Nigeria Considering Home...
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Refineries produced no petrol in eight months – NNPC
No drop of petrol or kerosene was produced by any of the refineries under the management of the Nigerian National...
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Report: Rising Oil Prices Will Have Significant Political Cost for Nigeria
As Nigeria anxiously expects oil prices to rise to a comfortable position and boost the country’s confidence to recover from...
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Again, Ogun extends lockdown by one week
Ogun State Governor, Dapo Abiodun, on Friday, for the second time, ordered the extension of the lockdown by one week....
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US slashes imports of Nigerian oil by 60%
The United States cut its imports of Nigerian crude oil by 60.37 per cent to 1.93 million barrels in January...
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Non-oil goods account for Nigeria’s 22% exports, says NPA
Nigerian ports handled 191 million metric tonnes of export cargo in 2019. Out of these, crude oil accounted for 78...
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Kano Patients Hold Doctors, Nurse Hostage
Two doctors and a nurse were on Thursday held hostage by COVID-19 patients at the Kwanar Dawaki Isolation Centre in...
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Nigeria-China COVID-19 row puts $20bn investments at stake
The recent event in Guangzhou, China, where some Nigerians were allegedly maltreated, almost soured relations between Nigeria and the East...
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Isolation Centres Running out of Bed Spaces, FG Warns
•Cases rise to 3,912, with 117 deaths •Lagos, Kano, Zamfara struggle with places for patients •Lagos fears patients may increase...
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