Nigeria
N900m debt: Buhari ex-loyalist, Galadima, loses house, firm to AMCON
A Federal High Court sitting in Abuja, in Suit No. FHC/ABJ/CS/1136/2019 has ordered the Asset Management Corporation of Nigeria to...
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Tax evasion: Tribunal orders firm to pay N1.7 billion to FIRS
The Tax Appeal Tribunal, Lagos Zone, has ruled as lawful, an assessment in additional tax liability of almost N1.74billion awarded...
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Government agency, insurers to recover N45bn from fake insurance operators
The Federal Government is working with operators to recover about N45billion lost to fake insurance practitioners nationwide on Third Party...
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Oil Price Slumps to $56 as Coronavirus Spreads Globally
Crude oil price tumbled by three per cent yesterday, as the rapid spread of a coronavirus in several countries outside...
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Nigeria’s economy records 2.27% growth in 2019
The Gross Domestic Product (GDP) report released Monday by the National Bureau of Statistics (NBS) showed that Nigeria’s economic growth...
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NERC caps estimated billing, issues April 30 deadline for metering
Worried about the low level of prepaid meters deployment to electricity consumers, the Nigerian Electricity Regulatory Commission (NERC), has capped...
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When Nigeria visa restriction will be reviewed – US
The United States of America Consulate in Nigeria said the immigration visa ban imposed on Nigerians by its President, Donald...
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Alleged N400m fraud: Court decides Metuh’s fate today
A Federal High Court in Abuja will today deliver judgment in the trial of former National Publicity Secretary of the...
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Selloffs persist, as investors’ wealth plunge further by N181 billion
Following massive selloffs in some bluechip stocks, transactions on the equities sector of the Nigerian Stock Exchange (NSE), reopened on...
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Experts peep into 2020, seek opportunities for insurers in economy
Experts have taken a critical look into the macroeconomic environment in 2020, x-raying the challenges and opportunities, as well as...
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We’ve not stopped cash deposits into domiciliary accounts – CBN
The Central Bank of Nigeria (CBN) has clarified that it has not stopped Deposit Money Banks (DMBs) from accepting cash...
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Reps committee summons NIMASA to explain unaudited accounts
The House of Representatives Committee on Public Accounts has summoned the management of the Nigerian Maritime Administration and Safety Agency...
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NDIC liquidates 425 banks in 32 years
Since incorporation in 1988, the Nigeria Deposit Insurance Corporation has carried out liquidation activities on 425 financial institutions in the...
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SEC moves to pay Ponzi scheme subscribers
The Securities and Exchange Commission (SEC) has said subscribers of the defunct Dantata Success and Profitable Company (DSPC), Kano, a...
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Dangote invests N63b in ANAMMCO plant
Dangote Group has entered into a long-term agreement with an Enugu-based automaker, Transit Support Services Limited, for the supply of...
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Foreign reserves drop by $1.64bn in five weeks
The country’s foreign exchange reserves continued its downward trend as it dropped by $1.64bn from $38.34bn on January 15, 2020...
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Zenith Bank posts N208.8 billion profit in full year
Zenith Bank Plc has posted a profit after tax (PAT) N208.8 billion in its 2019 operations, against N193 billion recorded...
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Bearish Trading Reduces NSE’s Year-to-date Growth to 2%
The year-to-date growth of the Nigerian stock market measured by the Nigerian Stock Exchange (NSE) All-Share Index (ASI) moderated to...
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Prepare for electricity tariff hike, TCN tells Nigerians
Nigerians should be prepared to pay cost-reflective electricity tariffs in order to enjoy the benefits of the liberalisation of the...
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Customs intercepts smuggled rice in gas cylinders
The Nigerian Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, has intercepted some foreign parboiled rice concealed in gas...
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FIRS, NIPOST face off over Stamp Duty collection deepens
Barely two days after the Federal Inland Revenue Service (FIRS) told the Ogun State Governor, Dapo Abiodun, that it is...
Read moreStock market halts five-day losing streak, gains N24bn
Activities on the Nigerian Stock Exchange closed on a positive note on Thursday, putting a halt to five consecutive days...
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NSE Launches Comic Book to Promote Financial Literacy
As part of efforts to promote financial literacy, the Nigerian Stock Exchange (NSE) has launched a comic book known as...
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Senate moves to enforce compliance with audit rules
The Senate is working on a legislation to compel the Federal Government and its agencies to submit their accounts for...
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Nigeria lost $750m to oil theft in 2019 – NNPC
The Nigerian National Petroleum Corporation (NNPC) on Tuesday disclosed that the nation lost about $750 million to oil theft in...
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