Nigeria
Eland Shareholders Approve £382m Takeover by Seplat
Shareholders of Eland Oil & Gas Plc have given their backing to the £382 million takeover of the company by...
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Broadband penetration hits 37.8% with 1.2 million new subscribers
Nigeria’s broadband penetration leaped by 2.47 percent between September and October with new 4.71 million subscribers, up from 67.5 million...
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SEC Official Outlines Steps to Deepen Nigeria’s Capital Market
Realising the need to deepen the nation’s capital market, the Head, Economic Research and Policy Management Division, Securities and Exchange...
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Millions of Nigerians at risk of heatwave – Report
A new report on climate change and its effects on humans says millions of Nigerians are at risk of heatwave....
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CBN loan: How banks created N1.16trn credit in 6 months
In July 2019, the banking regulator, the Central Bank of Nigeria (CBN) set at least 60 percent minimum loan-to-deposit ratio...
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LASG Gets Court Order to Auction 108 Forfeited Vehicles
The Lagos State Environmental and Special Offences (Enforcement) Unit has obtained a Court Order authorising it to auction 108 court...
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Waltersmith Petroman Oil Wins Bid for Acquisition of Block in Equatorial Guinea
Following a competitive bidding process in Equatorial Guinea’s 2019 licensing round (EGRONDA 2019), Waltersmith Petroman Oil Limited, Nigeria’s leading integrated...
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UNIDO’s $60m programme’ll boost Nigeria’s industrialisation, says FG
The Federal Government has said that the new UNIDO Country Programme (2018-2022) will help Nigeria to achieve Inclusive and sustainable...
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CBN’s Monetary Policy Lifts Stock Market by N204bn in November
The Nigerian stock market rebounded in November as the decision by the Central Bank of Nigeria (CBN) to restrict individuals...
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Yuletide: Domestic flight tickets rise by 100%
Ahead of the Christmas period, domestic flight tickets have risen by over 100 per cent in the last two weeks....
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NNPC confirms December for $10bn NLNG Train-7 FID
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the Final Investment Decision on...
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Buhari Seeks Fresh National Assembly’s Nod to Borrow $29.96bn
President Muhammadu Buhari thursday re-sent the 2016-2018 external borrowing plan to the National Assembly for consideration and approval. The Federal...
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FG Places $200m Bank Guarantee with UK Court in P&ID Row
Nigeria has given a bank guarantee of $200 million to the United Kingdom Commercial Court hearing its dispute with a...
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Reps demand gas inclusion in petroleum sharing contract …probe IOCs over labour laws abuse
The House of Representatives has called on the Federal Government to include gas in the Production Sharing Contact. The House...
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All-Share Index Gains 0.13 % as Cadbury, 19 Others Lead Price Gainers
The stock market bounced back to positive territory as gains by 19 equities lifted the Nigerian Stock Exchange (NSE) All-Share...
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Federal Government urged to clear stranded legitimate cargoes at borders
As the land border closure lingers, the Federal Government has been urged to clear the legitimate goods that are currently...
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Camey Injects N4.3bn in Resort Savings, Acquires Majority Stake
In a bid to play a catalytic role in the nation’s mortgage industry, Camey and Rock Business Consulting Limited has...
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Nigeria’s pension assets hit N9.58trn — PenCom
Nigeria’s pension assets grew to N9.58 trillion as at September 2019, the Acting Director General, National Pension Commission (PenCom), Aisha...
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No border reopening, until Benin, others respect protocols – FG
The Federal Government admitted on Wednesday that its temporary policy to close land borders was responsible for the current rising...
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Again, IMF warns Nigeria against rising debts
The IMF Senior Resident Representative and Mission Chief for Nigeria, Mr Amine Mati, has said that Nigeria’s debt to gross...
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BA Abuja flight loses engine, returns to base
An Abuja-bound, British Airways flight BA083, yesterday, made an air return to London Heathrow Airport, after its aircraft lost an...
Read moreBanks earned N180m to deposit N546b with CBN
The nation’s Deposit Money Banks (DMBs) opted to deposit a whopping N545.71 billion in the tills of the Central Bank...
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FG Urged to Eliminate VAT on Capital Market Investments
The federal government has been urged to eliminate value added tax on commission and fees paid by investors to stockbrokers...
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Telecoms operators insist on USSD charges
Telecommunications operators are insisting on implementing charges for the unstructured supplementary service data (USSD).The operators, especially MTN, had stopped the...
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Lagos takes 81.5% of Nigeria’s capital imports worth $11.18bn – Report
Lagos accounted for Nigeria’s 81.5 per cent capital importation worth $11.18 billion within six months of 2019. Analysis of the...
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