Business News
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111BudgIT: 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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119Ahead 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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88FIRS, 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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87CSCS 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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77Oil 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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107Record 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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99NERC 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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82
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...
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82FG Enforces Tax on Short-Term Investment Returns
The federal government through the Federal Inland Revenue Service (FIRS) has issued a new directive mandating banks, stockbrokers and other financial institutions...
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37Over $50b in Crypto Transactions Passed Through Nigeria in One Year –SEC
The Securities and Exchange Commission (SEC) has revealed that more than $50 billion worth of cryptocurrency transactions were conducted in Nigeria between...
