Nigeria
Subaru unveils ‘mysterious’ electric SUV
SUBARU has revealed an unnamed concept Sport Utility Vehicle (SUV), which could be based on the brand’s forthcoming all-electric underpinnings...
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Again, Emefiele Forecloses Possibility of Currency Devaluation
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has again ruled out the possibility of a...
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SEC to clamp down on illegal fund promoters
The Securities and Exchange Commission, SEC has said it will clamp down on illegal fund managers and ensure they are...
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7.5% VAT implementation begins February 1
The Federal Government will from Saturday (February 1) begin the implementation of 7.5 per cent Value Added Tax espoused by...
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X-raying Nigeria’s weak links with savings, investment and growth
Despite availability of abundant mineral resources in Nigeria and huge income from crude oil, the country still wobbles in its...
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All-Share Index Year-to-date Growth Hits 10.4% as Bulls Remain in Control
The equities market recorded a marginal growth last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by...
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Buhari directs trade minister to set up agro-allied industry in 36 states
The President, Major-General Muhammadu Buhari (retd) has directed the Ministry of Industry, Trade and Investment to establish agro-allied industry in...
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PenCom to Enforce Group Life Insurance Law
The National Pension Commission (PenCom) has ordered all employers of labour covered by the Pension Reform Act 2014, to submit...
Read moreCentral Bank of Nigeria appoints directors
The Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some directors. A statement from the...
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7.5% VAT: Business groups raise concern over unmoved stock, growth
Speaking exclusively to Daily Trust yesterday, the Vice President of the Abuja Chamber of Commerce and Industry (ACCI) in charge...
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Nigeria’s debt now N26.22tn, says DMO
The Federal Government and the 36 states as well as the Federal Capital Territory owed a total N26.22tn as of...
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Refineries posted N123.3bn loss in 10 months – NNPC
The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January...
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Oil firms may stake $30 billion on exploration this year
Globally, about $25 billion to $30 billion will be spent on oil exploration activities although cost efficiency challenges may slip...
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ACCA study sees low economic confidence, debt risks
A gauge of the nation’s economic confidence in the fourth quarter (Q4) 2019, showed not jus a dip, but a...
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Analysts predict decline in T-bills, bond yield
Analysts at Cordros Capital Limited have said yields on Treasury bills and bonds are expected to decline by about 100...
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Dangote Cement Shareholders Approve Share Buy-Back Plans, Commends Board
Shareholders of Dangote Cement Plc yesterday unanimously approved the proposal of the company to buy back 10 per cent of...
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Inflation, capital flow top agenda at MPC
Members of the Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) will today converge on Abuja for a two-day...
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Stock market sustains sliding profile, as indices plummet by N2b
The Nigerian equities market sustained prior day’s downtrend yesterday, as more bluechip stocks prices shed some weight, resulting to a...
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Oxford English Dictionary recognises some Nigerian English words
The Oxford English Dictionary on Tuesday admitted 29 Nigerian words and expressions in its January updates to the dictionary. ...
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Subsidy may rise as fuel marketers demand higher margins
The Federal Government may have to spend more on petrol subsidy as oil marketers in the country have called on...
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Nigeria Presents $114bn SDGs Private Sector Investment Opportunity
A study by Standard Charted Bank has revealed that the about $114.2 billion private-sector investment opportunity in contributing to the...
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Shipping sector needs $1 trillion to decarbonize by 2050, says report
About $1trillion of capital investment in land-based and ship-related infrastructure is required to halve international shipping’s greenhouse gas emissions by...
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Bank customers groan as glitches mar e-transactions
Many customers of the tier 1 bank, Guarantee Trust, yesterday lamented their inability to seamlessly make online transactions due to...
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$1.8trn available for investments in Africa — AfDB
The African Development Bank (AfDB) has said the total assets under management alone by pension funds, sovereign wealth funds and...
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PFAs invest N7.40tn in FG securities, infrastructure
About N7tn of the N9.99tn pension fund assets has been invested in the Federal Government securities by Pension Fund Administrators....
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