Nigeria
Anxiety as Daar Communications awaits results of more COVID-19 tests
There is anxiety among members of staff of DAAR Communications, owners of RayPower FM and AIT television stations as they...
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FCT, Ogun go tough on lockdown
Warn non-domiciled workers to stay away Lagos rolls out guidelines for transporters, commuters as lockdown is relaxed The authorities...
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Eleven banks paid N8bn IT levy in 2019 –Reports
Eleven Nigerian banks paid about N8.08bn Information Technology-related levies to the government in 2019, the audited financial reports of the...
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First Bank, Polaris Bank Bounce Back
•CBN’s patience with FirstBank, support for Polaris, pay off •One year after merger, Access Bank offers deals, says social media...
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14 projects threatened in Nigeria as Shell posts loss
A total of 14 projects in Nigeria may suffer delays as Royal Dutch Shell posted a loss in the first...
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COVID-19: Relaxing lockdown premature — Nigerian doctors
The Nigeria Medical Association (NMA) on Friday spoke against the decision of the Federal Government to relax the stay-at-home order....
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Fuel subsidy will not return, FG assures IMF
The Federal Government has pledged that it will ensure that fuel subsidy, which was recently removed, does not re-emerge. ...
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Unilever Reports N13.33bn Revenue in Q1
Unilever Nigeria has released its unaudited report for the period ended 31st March 2020. The company recorded turnover of...
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COVID-19: Infected health workers rise from 40 to 113 in one week
COVID-19 patients seeking alternative treatment, FG laments Donate your buildings as isolation centres, minister begs Nigerians Sanwo-Olu blames late border,...
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…says Nigeria’s oil, gas exports to fall by $26.5bn
The International Monetary Fund has said Nigeria’s oil and gas exports are expected to fall by at least $26.5bn this...
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Subscribers lament slow speed as lockdown raises data use
• Traffic increases by 15 per cent as telcos’ revenue grows • Virtual operations take centre stage, cut overhead cost...
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$3.4bn support: IMF to conduct due diligence on CBN
Indications have emerged that the International Monetary Fund is to conduct a due diligence exercise on the Central Bank of...
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FIRS Gives Deadline on Tax Interests, Penalties Waiver
Federal Inland Revenue Service (FIRS) is to waive interests accruable to debts as well as the related penalties for defaulting...
Read moreShell cuts dividend to investors first time in 80yrs
Royal Dutch Shell with strong presence in Nigeria’s petroleum industry upstream sub-sector through its subsidiary Shell Petroleum Development Company (SPDC),...
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Equities sustain rising profile as ASI increases further by 0.67 per cent
Following the sustained interest in some high-value stocks, the Nigerian equities market closed the last day in the month of...
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CBN Extends Deadline for Microfinance Banks’ Recapitalisation
In consideration of the impact of the COVID-19 pandemic on economic activities in the country, the Central Bank of Nigeria...
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FG shops for N4.1 trillion to fill 2020 financing gaps
Despite accessing $3.4billion from the International Monetary Fund (IMF), the Federal Government still needs at least $10.6billion or about N4.1trillion...
Read moreFG offers discounted crude oil below $4 amid glut
In a desperate effort to offload and sell stranded barges of oil, the Federal Government, yesterday, offered oil traders huge...
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FG disburses N43.4bn to 24 states under W/Bank-assisted programme
The Federal Government has disbursed the sum of N43.416 billion (about $120.6 million) as performance-based grants to 24 eligible states...
Read moreCOVID-19: FG Unveils Six-week Gradual Plan to Reopen Economy
Restricts banking operations to six hours To enforce mandatory 14-day quarantine for all arrivals Orders 107,000 GeneXpert cartridges to fast...
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Bulls sustain dominance as index rises further by 0.62 per cent
Following price gains recorded by most bluechip stocks, the bulls sustained their hold on the equities sector of the Nigerian...
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FG decontaminates two out of 123 aircraft
The Federal Government has said that it plans to decontaminate 123 aircraft nationwide to curtail the spread of COVID-19 but...
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Lagos businesses open 9am-3pm from next week
• Commercial buses to operate 60 per cent capacity • Civil servants on Level 1-12 to work from home •...
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CBN Resumes Dollar Sales for SMEs, School Fees
The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks to enable parents...
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N850bn loan will enhance 2020 budget fiscal efficiency – DMO
The Debt Management Office (DMO) has said that the N850 billion loan approved by the Senate on Tuesday is not...
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