Industry & Money
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196Foreign Loans Drive Up Capital Importation by 19% to $330m
Increased loan inflows improved capital importation into Nigeria in January 2024 by 19 percent month-on-month, MoM, to $330 million from $280 million...
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242FG to Commence Construction of Additional 2,000 Housing Units in 8 States
The Minister of Housing and Urban Development, Ahmed Dangiwa, yesterday announced that the federal government was set to officially flag off construction...
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282NUPRC Offers Additional 17 Deep Offshore Oil Assets for Sale
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday announced that it had acquired additional data on the oil assets up for sale...
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252NERC Okays 450MW Deal to Avert Zungeru Plant Shutdown
The Nigerian Electricity Regulatory Commission has approved a deal to procure 450 megawatts of electricity from Zungeru Hydro Electricity Generation Company Limited....
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468Unremitted Gas Royalty, Flare Penalty Hit $1.4b –NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI), on Thursday, said its most recent report on the oil and gas sector showed that...
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840FCCPC Delists 47 Loan Apps to Tackle Fraud
The Federal Competition and Consumer Protection Commission (FCCPC), has intensified its crackdown on unregistered loan apps, delisting 47 such platforms from Google...
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652FG, W’Bank Begin Talks on 90,000km Fibre-optic Cable Project
Just a few weeks after the Federal Government approved a special purpose vehicle to support the delivery of an additional 90,000 km...
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2418,651 Jobless Workers Withdrew ₦14b from Pension Savings –PenCom
About 8,651 Retirement Saving Account (RSA) holders withdrew N14.20bn in the first quarter of 2024 due to temporary job loss. This was...
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511FG Commences Conversion of Railway Locomotive Engines to CNG
The Minister of Transportation, Saidu Alkali, yesterday announced that the federal government had commenced the conversion of railway locomotive engines from diesel...
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455UK Attracts $85m Investment into Nigeria’s Manufacturing Sector
The government of the United Kingdom (UK) has helped to attract $85 million investment into Nigeria’s manufacturing sector through its Manufacturing Africa...
