Business News
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230Oil Eases as Strong Dollar Weighs on Commodities Markets
Oil prices inched down on Monday as concerns of higher-for-longer interest rates resurfaced and lifted the dollar, offsetting support for oil markets...
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235FG’s Interest Servicing on Debt to Gulp 36% of Revenue in 2024 –Moody’s
Moody’s, a Global rating agency, has stated that Nigeria’s interest spending on debt might consume up to 36% of the federal government’s...
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239NNPC Shifts $700m Gas Pipeline Delivery Date to August
The completion date for the $700m Obiafu-Obrikom-Oben gas pipeline project, popularly called OB3, has been shifted from March 2024 to August, as...
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497Nigeria’s Public Debt Hits ₦121.7tr
Nigeria’s Total Public Debt stood at N121.67 trillion ($91.46 billion) at the end of March this year. The Debt Management Office (DMO)...
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161Oil Prices Set for Second Week of Gains on Signs Demand Improving
Crude oil futures were little changed on Friday but were set to rise for a second week amid signs of improving demand...
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139European Stock Futures Steady, Yen Watched Closely
European and US stock futures were steady Friday, while shares in Asia dropped. The yen was in focus following a six-day slump,...
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224Slump in Export Crashes Nigeria-UK Trade by 25% in Q1
Nigeria’s trade with the United Kingdom plummeted by 25 per cent in the first quarter of 2024, despite higher values realised from...
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216Nigeria’s Credit Penetration Rises to 14%
Credit penetration in Nigeria has risen to 14 per cent, driven largely by the activities of CRC Credit Bureau Limited, Nigeria’s foremost...
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404FG Eyes $4.4b New Loans as Debt Hits ₦101tr
The Federal Government has borrowed a total of $4.95bn in loans from the World Bank in the past 12 months, pushing the...
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250Nigeria Canvasses Standardisation to Boost African Trade
The federal government has called for a comprehensive standard for goods and services to boost the African Continental Free Trade Area Agreement...
