Business News
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121National Assembly Approves $2.347b External Borrowing Plan
The National Assembly yesterday approved President Bola Tinubu’s request to implement the new external borrowing plan contained in the 2025 Appropriation Act....
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223Stocks Rise on AI Sentiment, Fed Rate-Cut Bets
Stocks advanced on optimism that artificial intelligence will continue to drive profits at megacap technology companies reporting earnings this week, and growing...
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164BudgIT: States Cut Foreign Debt by $200m Amid Fiscal Discipline
States across the country have trimmed their foreign debt stock by more than $200 million in the 2024 fiscal year, according to...
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163Ahead of 2028 Licence Expiration, FG Mulls Recapitalisation of Discos to Boost Liquidity, Investments
As the licences of the electricity distribution companies in Nigeria (Discos) expire in 2028, the federal government is considering the introduction of...
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137FIRS, Judiciary Strengthen Collaboration on Emerging Tax Laws
The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has commended the Nigerian judiciary for its consistent and well-reasoned tax...
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139CSCS Partners IBM to Strengthen Capital Market Infrastructure
The Central Securities Clearing System Plc (CSCS), yesterday announced a major milestone in its technology transformation journey with the upgrade of its...
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133Oil Dips on Worries about Russian Sanctions, OPEC+ Output Increase
Oil prices edged lower on Wednesday, extending a three-day slide, as doubts about the effectiveness of Russia sanctions and a potential OPEC+...
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176Record Stock Rally Pauses in Asia, Yen Strengthens
Global equities paused their record-breaking rally in Asian trading as investors braced for a flurry of earnings from megacap technology companies and...
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174NERC Ends Consultation on Draft Net Billing for Excess Power Generators
The public consultation on the Draft Net Billing Regulations has concluded in Abuja, marking the final stage of a nationwide stakeholder engagement...
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125
Oil Edges Down as OPEC Output Plans Offset US-China Trade Optimism
Oil prices edged lower Tuesday as OPEC’s plan to raise output offset optimism about a potential U.S.–China trade deal, while investors also...
