Latest News
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1.0KForeign NewsOil Set for Steepest Weekly Losses Since June as Tariffs Cloud Demand Outlook
Oil prices were little changed in early Asian hours on Friday, but were headed for their steepest weekly losses since late-June, as...
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937Industry & MoneyBeer Industry Seeks Excise Duty Reform Amid ₦425b Loss Warning
The Beer Sectoral Group (BSG) has appealed to the federal government to review the country’s current excise duty regime, warning that the...
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367Business NewsUS Adds Surprise Gold Bar Tariff in Blow to Switzerland, FT Says
The US has put tariffs on imports of one-kilogram gold bars, according to the Financial Times, threatening more turmoil in the global...
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1.1KMoney MarketCBN May Sue FX Contract Violators After Audit
The Central Bank of Nigeria has disclosed that it is considering legal actions against the violators of the foreign exchange forward contracts...
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326Economy & MarketCBN, NDIC Reaffirm Commitment to Financial Stability
The Central Bank of Nigeria (CBN) has pledged to partner with the Nigeria Deposit Insurance Corporation (NDIC) to protect the financial system...
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2.1KTelecoms & ITTelecom Sector Suffers 1100 Fibre Cuts, 545 Access Denial, 99 Theft
Despite designating information communication technology (ICT) infrastructure as Critical National Information Infrastructure (CNII) through an Executive Order by President Bola Tinubu, the...
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320Business NewsNigeria’s Energy Future at Risk, NUPRC Warns
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has raised the alarm over looming manpower shortages, which threatens the sustainability and competitiveness of...
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254Economy & MarketFG Warns Against Future Delays in GDP Release
The Federal Government has lamented that delays in computing and releasing GDP (Gross Domestic Product) figures hampers the effectiveness of policy planning...
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899Stock MarketNGX Hits 26-Day Bullish Run as ASI Up 0.5%
EQUITIES The local bourse closed higher yet again, as gains in BUAFOODS (+8.7%), GUINNESS (+10.0%) and ETI (+2.8%), drove the All-Share index...
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245Economy & Market
Oil Tax Revenue Surges 41.7% to ₦3.69tr
Improved crude oil production and better compliance from oil companies have pushed Nigeria’s oil tax revenue to N3.69tn in the first half...
