Latest News
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117Business NewsDebt Service Gulps 70% of Dollar Outflow in Q1
Nigeria spent about 70% of its dollar payments to service external debts between January and March 2024. According to data from the...
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107Stock MarketBargain Hunting Spurs Mild Gain at the Exchange
EQUITIES The local bourse edged higher in today’s trading session as buying interest in GTCO (+5.3%) supported market performance. Thus, the All-Share Index...
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178Local NewsLagos Rakes in ₦3.9b from Oil Derivation Payouts
Lagos State Government yesterday disclosed that the sum of N3.911 billion was realised since it became an oil producing state. It also...
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76Banking & Finance‘Cybersecurity Levy Adds Burden on Businesses, Unjustifiable’
The Lagos Chamber of Commerce and Industry (LCCI) has said that the directive by the Central Bank of Nigeria (CBN) imposing a...
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68Local NewsTax Panel Proposes VAT Removal on Food, Education, Healthcare
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has revealed that his committee will be proposing...
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77Foreign NewsCash Transfer Scheme had Limited Impacts on Households –W’Bank
The World Bank says the conditional cash transfer scheme of the Federal Government had little impact on household consumption, financial inclusion or...
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77Banking & FinanceCBN Unveils List of Licensed Deposit Money Banks
Amidst the rush for recapitalisation, four deposit money banks in the country have upgraded their banking licence from regional banking to national...
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92Stock MarketEquities Market Trades Flat
EQUITIES The local bourse traded with mixed sentiments as losses in WAPCO (-5.4%) and ZENITHBANK (-2.6%) offset a gain in MTNN (+2.3%)....
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59Industry & MoneyFG Forecloses Renewal of Non-operating Oil Licenses
The Federal Government, yesterday, announced an end to the renewal of all non- operating oil licenses. Minister of State, Petroleum Resources (Oil), Heineken Lokpobiri, stated...
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167Local NewsFG, NSIA to Provide ₦1.325trn funding for Metering Initiative
The Federal Government and the Nigerian Sovereign Investment Authority (NSIA) are to provide N1.325 trillion billion towards the funding of the Presidential Metering...
