Nigeria
FG disburses $103.64m Abacha loot to the poor
The Special Adviser to the President on Social Investments, Mrs Maryam Uwais, has said that the Federal Government has been...
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Airtel introduces new data plan
Airtel Nigeria has increased the data allowance on its weekly and monthly data tariff plans in a new move that...
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Bank CEOs Disclaim MTN over USSD Transactions Charges
Chief Executive Officers (CEOs) of commercial banks have distanced themselves from the moves by MTN Nigeria to impose charges on...
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Seven banks account for 64 per cent of industry assets
The nation’s Deposit Money Banks (DMBs) is currently dominated by seven operators, with a cumulative asset base of 63.8 per...
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PenCom spent N12.3bn IGR illegally, National Assembly alleges
The National Assembly has criticised the alleged unapproved utilisation of over N12.283bn of the Internally Generated Revenue of the National...
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With amended Act, AMCON can recover N5.4trn debt – Kuru
Having secured the signing of the Assets Management Corporation of Nigeria (AMCON) Amendment Act 2019 into law by President Muhammadu...
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Sell pressure in 15 stocks drag NSE’s indices by N28 billion
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), reopened on a negative note yesterday, as sell pressure...
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Nigeria for fresh $3b World Bank power loan
Buhari leaves for summit in Russia The Minister of Finance, Mrs. Zainab Ahmed, yesterday said the Federal Government’s request for...
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FIRS Establishes Tax Office for Non-resident Persons
The Federal Inland Revenue Service (FIRS) has established a tax office that is designated solely for the administration of taxes...
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N5tn: AMCON seeks judiciary’s support on debtors’ BVN
The Asset Management Corporation of Nigeria has approached the judicial arm of the country to enable it to access bank...
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Budget 2020 may precipitate industrial unrest, NECA warns
The Nigeria Employers’ Consultative Association (NECA) has warned that the budget 2020 might instigate massive retrenchment of workers and labour...
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CBN opposes MTN over mobile banking transaction access
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers...
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Underwriters, banks target N270 billion premium from 45m cargoes
Insurers urge customs to search for importers with fake policy To further deepen insurance penetration in the nation’s economy in...
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Royal Exchange grosses N14.7b premium
Royal Exchange Plc generated a Gross Written Premium of N14.7 billion as at December 31, 2018. This represents an increase...
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Equities defy earnings’ scorecards as investors lose 0.32% in one week
Analysts blame weak purchasing power, low confidence Despite the 2019 third quarter (Q3) financial results so far released by some...
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NAICOM’s industry portal goes live next year
A portal of the National Insurance Commission (NAICOM) that will integrate all insurance transactions in the insurance industry into a...
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FAAC: FG, States, LGAs share N693.529bn for September
The Federation Account Allocation Committee (FAAC) on Thursday in Abuja, shared a total of N693.529 billion to the three tiers...
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Nigeria must end reliance on oil to fight poverty – IMF
The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that there is a need for the...
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FMDQ records N179tn turnover in eight months
FMDQ OTC Securities Exchange recorded a turnover of N179tn in nine months. Data obtained from the FMDQ on Thursday showed...
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States owing N4tr in domestic debts
Domestic indebtedness of the 36 states and the Federal Capital Territory (FCT) as at the end of March 2019 was...
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Six Banks Extend Market Dominance
The Concentration Ratio (CR) of the six largest banks in Nigeria with respect to deposits and assets stood at 60.31...
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Transcorp wins Afam power station with $343.6m
The National Council on Privatisation (NCP) has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation...
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All-Share Index Falls Further as Market Extends Bearish Trend
The Nigerian equities market declined further following losses by banking stocks. The Nigerian Stock Exchange (NSE) All-Share Index fell by...
Read moreWhy Nigeria is borrowing fresh $3bn from World Bank —Ahmed
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said the $3bn loan being sought by the...
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Monkeypox hits Lagos, Rivers, Akwa Ibom
The Nigeria Centre for Disease Control (NCDC) yesterday confirmed five news cases of Monkeypox in Lagos, Rivers and Akwa Ibom...
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