Nigeria
Naira slumps further, exchanges for 473/$
The naira suffered further setback at the parallel market and Investors and Exporters forex window on Tuesday. According to...
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Federal Govt to borrow N5.6tr to finance budget
The Federal Government is to borrow N5.6 trillion from domestic and foreign sources to support the implementation of the N13.59...
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Awaiting CBN’s foreign exchange rate unification
• Normalise rates to boost transactions, says LCCI boss • Rewane warns against exchange rate fixing • Political consideration, intrigues...
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Lawan alleges forces working to frustrate PIB
President of the Senate, Ahmad Lawan, on Tuesday alleged that there were forces within and outside the country working to...
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All-Share Index Rises 0.36% as Market Extends Gains
The stock market extended its positive performance yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.36 per...
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Climate change: World Bank plans $5bn investment in Africa
The World Bank plans to invest over $5bn over the next five years to help restore degraded landscapes, improve agriculture...
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60 Lagos-Ibadan rail project workers infected with COVID-19
FG puts completion work, opening on hold The Federal Government has put on hold opening of the Lagos-Ibadan railway, after...
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NIN registration resumes, NIMC workers insist on ultimatum
Workers of the National Identity Management Commission on Monday resumed the National Identity Number registration exercise in the commission’s offices...
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Dangote Cement Buys Back N9.8bn Worth of Shares
Dangote Cement Plc has bought back 40.2 million shares for N9.77 billion during the first tranche of its share buyback...
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Air fares to drop following VAT removal
Airlines are planning to reduce fares in response to the removal of 7.5 per cent Value Added Tax (VAT). The...
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Hospitals won’t be able to handle serious COVID-19 cases soon — NCDC
The Nigeria Centre for Disease Control says the country is now reaching a critical level, adding that the hospital capacity...
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‘Insecurity of Oil Assets May Hinder Nigeria’s Market Share’
With the easing of production cut by the Organisation of Petroleum Exporting Countries and allies (OPEC+), experts have warned that...
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CAC generates N19bn, remits N2.7bn to FG’s account
The Corporate Affairs Commission on Monday announced a revenue generation of N19bn for its 2020 fiscal year. It also...
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Resumption of schools threatened over virus spread
RESUMPTION of schools on Monday is threatened by the rising COVID-19 infections last December, the Presidential Task Force on COVID-19...
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Stock market gains N16bn after first weekly loss
The equity market, on Monday, returned to positive territory as the Nigerian Stock Exchange All-Share Index and market capitalisation rose...
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McKinsey Foresees Bright Prospect for Nigeria, Others’ Insurance Sector
McKinsey & Company, a global management consultancy services company, has described the insurance sector in Nigeria and some other countries...
Read moreCredit supply to households to rise in Q1 2021
SUPPLY of secured and unsecured credits to households will increase in first quarter of the year, the Central Bank of...
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Oil nears $56, FG may reintroduce fuel subsidy
Since November 13, 2020 when the pump prices of Premium Motor Spirit (petrol) were last increased in the country, the...
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Analysts: More Banks to Adopt HoldCo Structure to Diversify Earnings
Analysts have predicted that more commercial banks will soon convert to a holding company (HoldCo) structure as they seek to...
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Billionaires list: Dangote loses $900m in 24 hours
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw his total net worth drop by $900m on Friday as his...
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‘Why FG must not be allowed to borrow unclaimed dividends’
The Socio-Economic Rights and Accountability Project (SERAP) has advised the Federal Government to drop plan to borrow about N895billion from...
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350 businessmen, firms owe AMCON N3.6tr
The Management of Asset Management Corporation of Nigeria (AMCON) has said 350 debtors owe it N3.6 trillion, an amount higher...
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Stock market loses N80bn in first trading week
Trading activities on the floor of the Nigerian Stock Exchange closed with a loss of N80bn at the end of...
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15 million BVN already linked with NIN, says NIMC boss
• FG Intervenes As NIMC Workers Call Off Strike • Enrollment Resumes Monday • Afenifere Faults NIN Registration Amid COVID-19...
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Abbey Mortgage Bank Shops for N2.954bn via Rights Issue
Abbey Mortgage Bank Plc is shopping for N2.954 billion from existing shareholders through a right issue. The company is issuing...
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