Local News
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116CBN Clarifies Export Proceeds’ Repatriation, Utilisation By Oil Companies
The Central Bank of Nigeria (CBN) yesterday clarified that 50 per cent balance of the repatriated export proceeds could be used to...
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111FG to Sanction Marketers Diverting Fuel
As fuel queues subside across filling stations, the Federal Government says it will sanction marketers hoarding and diverting Premium Motor Spirit. The...
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116States, LGs to Get 90% VAT Revenue –Panel
The Presidential Committee on Fiscal Policy and Tax Reforms has proposed reviewing states’ and local governments’ share of the Value Added Tax...
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210Profit Taking Drags Market Performance Down
EQUITIES The Nigerian equities market extended yesterday’s losses following sell pressures on MTNN (-1.7%) and FBNH (-3.4%). Accordingly, the All-Share Index declined...
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300Post MPC: CBN Raises Interest Rate to 24.75%
In line with our expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) again voted to raise the...
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200Nigeria Emerges Second-largest Investor in Plastics Technology in Africa
Nigeria has emerged as the second-largest investor in plastics technology in Africa with €143 million pumped into the industry in 2022, a...
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232FG Allocates 675 Hectares for Diaspora City Project
The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that the Federal Government has allocated 675 hectares of land for...
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242Financial Reporting Council Warns Corporate Entities against Falsification
…Business News In Brief The Executive Secretary/Chief Executive, Financial Reporting Council of Nigeria, Rabiu Olowo, yesterday warned corporate and government entities in...
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174Manufacturers’ income tax falls 6.85% to ₦145b in Q4’23
…Business News In Brief In apparent reflection of the hardship being faced by manufacturing companies in Nigeria, the income tax paid by...
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308NEC approves $617m investment in digital, creative enterprises
…Business News In Brief The national economic council has approved the implementation of the $617.7 million investment in digital and creative enterprises...
