Nigeria
Banks’ assets rise to N73tn – CBN
Total assets of the banking industry grew by N14.36tn or 24.24 per cent from N59.24tn at the end of December...
Read morePolls controversy: Fuel hits N300/litre as marketers halt loading
Oil marketers, on Tuesday, said many depots had stopped loading Premium Motor Spirit, popularly called petrol, due to the apprehension...
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Traders dare CBN, accept old N1,000, N500 notes
Amid the crisis trailing the naira redesign, angry traders have begun to defy the Central Bank of Nigeria’s order banning...
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Currency in circulation drops to N1.38tn – CBN
The total amount of currency-in-circulation in the country dropped from N3.29tn as of the end of October 2022 to N1.38tn...
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Discos reject 408MW excess power – FG
Power distribution companies have stepped up the quantum of electricity load allocation that they receive and distribute to consumers across...
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CBN proposes eNaira for $800m cash transfer scheme
In an effort to drive a cashless economy, the Central Bank of Nigeria has suggested the use of eNaira for...
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Naira exchanges for N766/$ at parallel market
The naira yesterday depreciated further against the dollar at the parallel section of the foreign exchange (forex) market. Bureaux De...
Read moreNCC dedicates toll-free number for presidential poll
The Nigerian Communications Commission has dedicated its consumer tool-free number, 622, to serves as the 2023 Presidential Election Incident Hotline....
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Agusto & Co:Insurance Industry Poised to Survive Weak Macro Economy
Pan-African credit rating agency and business information provider, Agusto & Co. Limited, has predicted that the insurance industry will survive...
Read morePetrol rose by 55% to N257/litre in Jan – NBS
Many Nigerians are still paying far above N185 per litre approved pump price of petrol amid fuel scarcity, a report...
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Buhari Canvasses Strengthening of Early Warning Systems to Rein in Conflicts in Africa
President Muhammadu Buhari has called on African Union (AU) member countries to strengthen early warning systems to rein in conflicts...
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Nigeria FX Shortage May Threaten Banks’ Liquidity
Foreign exchange shortages faced by local Nigerian companies may threaten bank liquidity, while a devaluation of the naira precipitated by...
Read moreFULL TEXT: Buhari’s nationwide address to Nigerians on new naira
The President, Major General Muhammadu Buhari (retd.) has approved the continuous use of the old N200 as legal tender till...
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Energy Demand in Nigeria, Others to Increase by 35% in 20 Years
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari has projected that...
Read moreEnergy Demand in Nigeria, Others to Increase by 35% in 20 Years
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari has projected that...
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Climate Change: FG to Introduce Carbon Tax System in Nigeria
The federal government is set to introduce a carbon tax policy and budgetary system for the country, in line with...
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The Nigerian Insurance Industry – Poised to Survive the Weak Macroeconomy and an Election Year
Agusto & Co. Limited, the pan-African credit rating agency and the foremost business information provider, has released its 2023...
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Foreign Investors’ Outflow in Stock Market Down 20.6% to N183.47bn on Inflation, FX Scarcity
Following the scarcity of foreign exchange, double-digit inflation that eroded investment, political uncertainty, among others, foreign investors’ outflow in the...
Read moreForeign Investors’ Outflow in Stock Market Down 20.6% to N183.47bn on Inflation, FX Scarcity
Following the scarcity of foreign exchange, double-digit inflation that eroded investment, and political uncertainty, among others, foreign investors’ outflow in...
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New naira: Confusion deepens as CBN deadline ends today
Nigerians, especially bank customers, were gripped with confusion and uncertainty over whether today’s deadline by the Central Bank of Nigeria...
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Why Supreme Court paused ban on old naira notes —Ozekhome
A lawyer and Senior Advocate of Nigeria, Mike Ozekhome, has explained the judgement of the Supreme Court restraining the Federal...
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IMF Urges CBN to Stop Full Financing of FG’s Fiscal Deficits
Seeks closure on securitisation of N22.7tn overdrafts The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN)...
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New naira: Govs, parties begin legal battle over CBN deadline
The February 10 deadline for the currency swap announced by the Central Bank of Nigeria has pitted Governors Nasir El-Rufai...
Read moreBuhari under pressure to end fuel, naira disasters
As the fuel and currency scarcity slowly paralysed socio-economic activities across the country, the President, Major General Muhammadu Buhari (retd.),...
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Banking index raises stock market by N1.08tn
Despite investors’ sentiment trading and uncertainty surrounding the 2023 general elections, the anticipation for dividend payout and sectoral performance of...
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