Nigeria
Blackout looms as Gencos threaten shutdown over charge
Nigeria may experience widespread blackout soon as power generation companies have unanimously agreed to call the bluff of the Nigerian...
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Insurers’ earnings performance raises recapitalisation hopes
Recapitalisation is a form of a corporate reorganisation, which involves making substantial changes to a company’s capital structure. But earnings...
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FG using data to monitor lifting of 100m out of poverty
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has said that the federal government has...
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Air Peace, Embraer seal three $212.6m aircraft deal
Air Peace and Brazilian aerospace conglomerate, Embraer, have signed a contract for three additional E195-E2 confirming purchase rights from the...
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Again, shareholders seek solution to Nigeria’s market challenge
Shareholders in the nation’s capital market have urged the Federal government to address all constraints impeding the growth of the...
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Border Closure: Nigeria, Benin, Niger to form border police
Nigeria, the Republic of Benin and Niger have agreed to establish a joint border police to check the influx of...
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‘Why bill to criminalise estimated billing may not work’
Some stakeholders in the power sector, yesterday, expressed serious worry over a bill at the National Assembly aiming to criminalise...
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Yuletide: Airport Security Operatives, Others May Face More Challenges
There are indications that the large turnout of air travelers and cargo movement anticipated during the yuletide will multiply the...
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Nigeria ripe for partnership with global tech giants, says Osinbajo
Vice President Yemi Osinbajo has declared that Nigerians’ creativity and resourcefulness in the technology space present great opportunities for partnerships...
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MDAs padded N12.9bn as personnel costs – ICPC
The chairman of the Independent Corrupt Practices and Other Related Offences Commission, Bolaji Owasanoye, says the commission restrained the release...
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Petrol, diesel imports drop after border closure
The nation’s imports of petrol and diesel fell by about 11 per cent and 15 per cent, respectively in September,...
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NNPC secures US grant for 1,350MW power plant
The Nigerian National Petroleum Corporation on Thursday announced that it had concluded arrangements with the United States Trade and Development...
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Lawmakers Pledge Support for AMCON
The Chairman, Banking and Currency, House of Representatives Committee Chairman on Banking and Currency, Hon. Victor Nwokolo has assured Nigerians...
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Nestoil Group unveils new corporate identity
The Nestoil Group has unveiled a new corporate identity. Nestoil, Nigeria’s largest indigenous engineering, procurement, construction and commissioning (EPCC) oil-servicing...
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CBN stabilises naira with $25.68bn in eight months
The Central Bank of Nigeria injected about $25.68bn to stabilise the nation’s currency in the foreign exchange market between January...
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Customs seek return of import tax on petroleum products
The Nigeria Customs Service is seeking the reintroduction of import tax on petroleum products. The Comptroller-General of Customs, Col Hameed...
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Bad roads: FG releases N650bn for capital projects
The Federal Government said on Wednesday that road construction and repairs under the Ministry of Works and Housing were a...
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Insurers settled N207.4b claims in 2018
Underwriters may have settled claims worth N207.4 billion to policyholders, who suffered losses in 2018, as operators recorded increase in...
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FG to offer N150bn bonds November 20
The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on November 20....
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Treasury Bills Rates Drop to Three-year Low
The Nigerian Treasury Bills (NTBs) rates have dropped to single-digit at the end of yesterday’s primary market auction (PMA). Analysts...
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VAT hike: Reps pass bill for second reading
The House of Representatives has passed for second reading the Finance Act (Amendment) Bill, a component of which seeks to...
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AfDB Group Becomes AFC Shareholder
The Africa Finance Corporation (AFC) yesterday announced that the African Development Bank Group (AfDB) has invested $50 million in the...
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Outrage Greets Senate’s Death Penalty for Hate Speech
The Senate came under fire yesterday for proposing the Hate Speech Prohibition Bill, which seeks to criminalise the offence with...
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FG pressures China on $5.8bn loan for Mambilla power project
The Federal Government is mounting pressure on the Chinese Embassy to ensure that the Chinese Export Import Bank (EXIMBANK) releases...
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Robotics, AI, block-chain to disrupt banking sector, says Emefiele
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said rapid automation and technological innovations over the past...
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