Nigeria
57 firms to clean up Ogoniland for five years
A total of 57 companies and contractors are currently working on the clean-up of Ogoniland in Rivers State, the National...
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Experts attribute inflation rise to border closure
Financial experts yesterday attributed rise in inflation rate for the month of September to border closure and the new minimum...
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N25.7tn debt: Experts oppose IMF’s call for tax hike, say Nigerians overburdened
Finance experts, Lagos Chamber of Commerce and Industry, a university don, among others, have disagreed with the International Monetary Fund...
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Oil rises 1% on OPEC supply cuts
Oil rose about 1.4 per cent on Wednesday, gaining support due to signs that the Organisation of Petroleum Exporting Countries...
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Pound stands firm as Brexit hopes build, equities rise
The pound held most of its gains Wednesday after hitting a five-month high on growing hopes that Britain and the...
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Access Bank’s daily digital lending hits N1bn
Access Bank says its expanded digital lending portfolio has given Nigerians quick and 24/7 access to funds for emergencies without...
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DMO report: Nigeria’s debt is N25.7trillion
NIGERIA owes N25.7 trillion in domestic and external debt. The Debt Management Office (DMO) stated this in its ‘Total Public...
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AIICO increases authorised share capital to N18bn
AIICO Insurance Plc says it has received shareholders’ approval to increase its authorised share capital from N10bn to N18bn. A...
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GTBank Posts N324bn Revenue, N147bn Profit in Nine Months
Guaranty Trust Bank Plc (GTBank) Wednesday released its unaudited financial results for the nine months ended September 30, 2019, showing...
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IMF recommends unified exchange rate for Nigeria
The International Monetary Fund has advised the Central Bank of Nigeria to unify the country’s exchange rate system in order...
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Emefiele cautions rice millers against price hike over border closure
Following unprecedented increase in the prices of locally-produced rice as a result of border closure, Governor, Central Bank of Nigeria...
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Seplat to acquire Eland Oil for N174.2bn
Seplat Petroleum Development Company Plc has revealed plans to acquire Eland Oil and Gas Plc for N174.2bn (£382m). Seplat said...
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‘AMCON debt may hit N6.6trn by 2024’
A legal consultant and Senior Partner, Olaniwun Ajayi LP, Mr Muyiwa Balogun has called on Asset Management Corporation of Nigeria...
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Onanuga: Lagos State Carrying FG’s Pension Obligations
Mrs. Folashade Onanuga, is the Director General, Lagos State Pension Commission. In this interview with Ebere Nwoji, she speaks on...
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Listed firms raise N768.7bn capital in three years
Companies that are publicly listed in the capital market have raised a total of N768.7bn capital in the last three...
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Olam pays N120bn to acquire Dangote Flour Mills
Shareholders of Dangote Flour Mills Plc (DFM), on Monday, unanimously approved the acquisition of the company by Crown Flour Mills...
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National ID card renewal costs N5,000 payable through remita – NIMC
The National Identity Management Commission (NIMC), says the renewal of the National Identity Card will cost five thousand naira (N5,000)...
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Customs ban exports, imports via land borders indefinitely
The Nigeria Customs Service on Monday announced an indefinite ban on importation and exportation of goods through the land borders....
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‘Government records over $9.29 billion investment inflow in third quarter’
Over $9.29 billion worth investments came into the nation’s economy in quarter three (Q3) of 2019, according to the Nigerian...
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‘Why SEC, NSE should co-opt CBN in search for market liquidity’
As lack of positive stimulus in form of policy statements needed to drive demand for stocks remain a source of...
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FG: 2019 budget performance is 55%
The federal government has said its commitment to generate more revenue base informed the decision to implement new taxes to...
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Julius Berger diversifies into oil & gas industry
Julius Berger Nigeria Plc has announced its diversification into the oil and gas industry by acquiring a 20 per cent...
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Nigeria earns $338.17m from cocoa
NIGERIA earned $338.17 million from cocoa and cocoa products last year, the Nigerian Export Promotion Council (NEPC) has said. Also,...
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Airlines make gains as traffic surges by 3.8 per cent
Airlines have recorded a marginal rise in gains as passenger traffic surged by 3.8 per cent in August. The International...
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There is no hunger in Nigeria – Agric minister
The Minister of Agriculture and Rural Development, Sabo Nanono, on Monday, said Nigeria was producing enough food to feed itself...
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