Business
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NCC celebrates 2024 International Girls in ICT Day
The Nigerian Communications Commission, NCC, has joined the world to mark the 2024 International Girls in ICT Day. The commission…
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MRS drops diesel price to N1,050 per litre
Following Dangote Refinery’s recent price reduction, MRS Oil Plc, a prominent oil marketing company, has announced a nationwide decrease in…
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Court adjourns Binance executive’s bail ruling to May 17
Nigeria's Federal High Court in Abuja has adjourned Tigran Gambaryan's executive bail request ruling until May 17.
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BREAKING: Federal Government suspends Dana Air
The Nigerian Government has suspended the operations of Dana Air.
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Finance ministry recovers N57bn MDAs’ debts – Director
The Federal Ministry of Finance has recovered over N57bn from the N5.2tn debts owed by ministries, departments, and agencies to…
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Finance ministry recovered N57bn MDAs’ debts – Director
The Federal Ministry of Finance has recovered over N57bn from the N5.2tn debts owed by ministries, departments and agencies to…
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CBN releases more dollars as naira weakens to 1,300/$
The naira depreciated further against the United States dollar at the official market on Tuesday, closing at 1,300/$. This came…
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FG seeks fresh $10bn investment in 0il & gas sector
The Federal Government is aiming to attract about $10bn worth of investment through the signing of the consolidated guidelines for…
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Transcorp to expand service offerings for revenue growth
The Managing Director\Chief Executive Officer, Transcorp Hotels Plc, Dupe Olusola, said that the company plans on diversifying its services, among…
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FG To Ramp Up Power Capacity To 6000MW By Yearend
The Federal Government has concluded plans to ramp up power generation to a target 6,000 Mega Watts from 4,000 MW…
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We laughed at Nigerians celebrating the seeming collapse of the Naira – VP Shettima
Shettima has assured Nigerians that the Tinubu administration is doing its best to address challenges in the power sector, he…
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Nigeria qualifies for “free lunch” World Bank loan
The Minister of Finance, Wale Edun, unveiled this during a joint press conference held by the Ministry of Finance and…
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WPG Limited sacks Tinuade Sanda as EKEDC MD/CEO
West Power & Gas Limited, the parent company of Eko Electricity Distribution Plc (EKEDP), has sacked the immediate former MD/CEO…
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FirstBank appoints new MD/CEO
Olusegun Alebiosu has been appointed as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group),…
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Naira depreciates to N1,140/$ in parallel market
The Naira has depreciated to N1,140 per dollar in the parallel market, from N1,060 per dollar on Thursday. Similarly, the…
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Tinubu’s administration yet to borrow from CBN ,- Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said yesterday that the Federal Government would…
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N3.2trn subsidy required to reverse electricity tariff hike — NERC
The Chairman of the Nigeria Electricity Regulatory Commission, Sanusi Garba, on Thursday, said the Federal Government of Nigeria will need…
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Wema Bank suspends fintech partners for fraud
Wema Bank, one of Nigeria's commercial banks, has removed and suspended up to seven fintech partners from its payment gateway…
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Cellulant appoints new executives from two global payment companies
Cellulant, an African payments company, has announced the addition of several executives from global payment companies to its management team…
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It is not CBN’s intention to defend the Naira — Cardoso
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), explained yesterday that the apex bank is not defending…
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Shippers’ Council will shut out unregistered port operators
The Nigerian Shippers Council (NSC) yesterday has revealed that the e-registration of regulated port service providers and users of the…
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South Africa inflation eases in March, fell to 5.3%
South Africa’s inflation fell to 5.3% year on year in March in a sign that Africa’s most industrialized economy was…
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World Bank, AfDB partner to provide 300m Africans with electricity
The World Bank Group and the African Development Bank Group are partnering to provide no fewer than 300 million Africans…
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NPA unveils new export trucks window to tackle congestion
The Nigerian Ports Authority has opened a 72-hour window for all export trucks to access various terminals. The NPA also…
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illegal Mining: FG suspends mining activities at OAU, environs
The Minister of Solid Minerals Development, Dr. Dele Alake, has directed an indefinite suspension of mining activities at the Obafemi…
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FG set to revoke unused oil well licences amid $30bn loss
The Federal Government says it has concluded plans to take over all idle oil wells from operators holding on to…
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IMF reviews Nigeria’s economic growth to 3.3%
The International Monetary Fund has reviewed upwards Nigeria’s economic growth forecast for 2024 from three per cent to 3.3 per…
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Dangote Refinery slashes diesel price to N1,000 per litre
THE $20 billion Dangote Petroleum Refinery has slashed the price of diesel by 16.6 per cent to N1,000 per litre,…
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Naira appreciates to N1,080$ in black market
The Naira, yesterday, appreciated to N1,080 per dollar in the parallel market, from N1,230 per dollar last weekend. Similarly, the…
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Nigeria’s FDI fell by $19bn in 10 years – Edun
Foreign Direct Investments into Nigeria fell by $19bn in 10 years, from $22.7bn in 2014 to $3.7bn in 2023, it…
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Nigeria’s inflation increases to 33.20% in March
Nigeria’s inflation rate rose to 33.20 per cent in March 2024 from 31.70 per cent in February 2024. This was…
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China’s Q1 GDP growth tops forecasts on policy support
China’s economy grew faster-than-expected in the first quarter, data showed on Tuesday, offering some relief to officials as they try…
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NGX set to adopt technology for bank recapitalisation exercise
The Nigerian Exchange Group has said that it will be adopting technology to drive the capital-raising efforts of financial companies…
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Opay under pressure from customers over unresolved disputes
A microfinance bank, OPAY, yesterday, grappled with intense backlash after a customer, Okunola Akinropo, made waves in the aftermath of…
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Did you know these 5 billionaires lost the most money in Crypto?
From the collapse of Sam Bankman-Fried and Gary Wang’s FTX to the fall of Binance’s Changpeng Zhao, the cryptocurrency industry…
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Manufacturers express concern over high cost of diesel
Manufacturers are voicing concerns over the soaring cost of automotive gas oil (AGO), commonly known as diesel, which they rely…
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Stock Market dips N633bn as banks recapitalization mounts pressure
Investors are showing hesitancy in the stock market, particularly within the banking sector, following the Central Bank of Nigeria’s recent…
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TCN and DISCOs dispute over decrease in 20-hour power supply amid tariff hike
As frustration grows among Band A customers due to the inability of Electricity Distribution Companies (DisCos) to fulfill the promised…
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FIRS generated N12.3trillion in 2023 – CEO
The Chief Executive, Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, said that the organisation witnessed unprecedented progress in revenue…
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Fleeing Binance Executive, Anjarwalla found as FG commences extradition
Nigerian government says Binance executive, Nadeem Anjarwalla, who escaped custody in Nigeria, has been found in Kenya. A source in…
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