World Bank Group has said that increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the…
News
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International Monetary Fund has said in Blog post that private credit market, in which specialised non-bank financial institutions such as investment funds…
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FinanceNews
CBN stops banks from using FX-denominated collateral for Naira loans, as it sacks 40 more staff
Nigeria’s central bank has barred commercial lenders from accepting foreign currency-denominated collateral to grant Naira loans, a move that could protect the…
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NNPC Ltd is said to be owing around $3 billion to fuel traders for imported petrol, three sources told Reuters, as the…
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Federal Competition and Consumer Protection Commission (FCCPC) at the weekend expressed delight over the decision of the Nigerian Electricity Regulatory Commission (NERC)…
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MaritimeNews
Nigeria, Spain to deepen cooperation in Maritime Security, modalities to deploy security boats top priority—Mobereola
The Spanish Ambassador to Nigeria, His Excellency, Ambassador Juan Ignacio Sell has declared that the Spanish Government is desirous to deepen cooperation…
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The Nigerian Electricity Regulatory Commission (“Commission”) has directed all Electricity Distribution Companies (“DisCos”) to provide as much clarity as possible to all…
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Today, the benchmark index of the local market declined by 0.27% to close at 103,437.67 points. Selloffs of MTNN (-0.87%), GTCO (-2.04%), and ZENITHBANK (-1.62%) outweighed…
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As Nigerians react over electricity tariff hike, ActionAid Nigeria, AAN, Friday, hailed the Nigerian Electricity Regulatory Commission, NERC, over slamming the Abuja…
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Minister of Solid Minerals has said that government step at securing mining sites has caused illegal miners to flee from such sites.…
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African Export-Import Bank Group’s results for the financial year ended 31 December 2023 showed Net interest income reached $1.4 billion at the…
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Minister of Steel Development, Prince Shuaibu Audu, has denied allegations over refusal to dissolve the Board of National Steel Council, NSC, as…
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Edo State Government through the Edo State Oil Palm Programme (ESOPP) has called for applicants for its manpower development scheme aimed at…
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Brent crude the equivalent of Nigeria’s sweet crude rose more than $1 a barrel on Friday as markets watched for a possible…
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Lagos Chamber of Commerce & Industry (LCCI) has expressed grave concerns over the rising cost of doing business in Nigeria occasioned by…