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NEWS LENS
10 million substandard tyres destroyed in six months — SON
The Standard Organisation of Nigeria has said that it destroyed 10 million substandard tyres in six months. In a statement,…
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OIL & GAS
Pipeline surveillance workers shut oil well in Delta
Workers of Mormar Marines Limited, a pipeline surveillance firm in the Oil Mining Lease 3O, on Thursday shut down…
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NEWS LENS
Aviation workers plan strike over minimum wage, others
Aviation workers’ unions have threatened to withdraw their services over the refusal of the Federal Government to release the reviewed…
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OIL & GAS
Fuel subsidy, oil theft gulped N29tn, says FG
The Federal Government, on Thursday, said the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and…
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ASSETS & FINANCIALS
CBN to mop up dormant account balances, unclaimed funds
The Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for…
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OIL & GAS
Tackle low oil production, IMF tells Nigeria, others
The International Monetary Fund has listed measures Nigeria and other oil-producing economies need to put in place to resolve their…
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NEWS LENS
CBN forex ban: Nigerians imported N18tn cooking oil, meat, others in seven years – Report
•Importers ordered agric, animal products, others from Asian, EU, African countries •Firms sourced dollars at parallel market over CBN forex…
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OIL & GAS
Buhari should suspend fuel subsidy removal, declare marketers
The Nigeria Union of Petroleum and Natural Gas workers has said that its National Executive Council is going to…
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ASSETS & FINANCIALS
Global growth slows to 2% in 2023 – World Bank
The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two…
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ASSETS & FINANCIALS
Debt servicing rose by 115% in 2022 –DMO
Nigeria’s debt servicing bill went up by 115 per cent to N3.36trn in 2022, data from the Debt Management Office…
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NEWS LENS
Questions over N12 billion airport fire trucks
• Children perish in past plane crashes for lack of such fire facilities – Sirika The Federal Government’s investment of…
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NEWS LENS
Akabogu Chambers hosts masterclass on ship acquisition
A shipping and maritime law firm, Akabogu and Associates, has concluded plans to host the Ship Acquisition and Maritime Finance…
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ASSETS & FINANCIALS
Naira depreciated by 10% in 2022 – World Bank
The World Bank has revealed that the naira has suffered a record depreciation of 10.2 per cent in 2022. This,…
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ASSETS & FINANCIALS
3,000 Nigerians lost millionaire status in 10 years – Report
Nigeria, Africa’s largest economy, experienced negative millionaire growth of 30 per cent from 2012 to 2022, resulting in 2,949 individuals…
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NEWS LENS
Fuel marketers, FAAN clash over airport fee, passengers stranded
Fuel marketers and officials of the Federal Airports Authority of Nigeria clashed at the Abuja airport on Thursday over alleged…
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ASSETS & FINANCIALS
Carbonated drink tax affected manufacturers in 2022 – MAN
The Manufacturers Association of Nigeria has said that a major setback that plagued the productive sector in 2022 was the…
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ASSETS & FINANCIALS
360% rise in public debt worrisome, says LCCI
The Lagos Chamber of Commerce and Industry has said that it was worried about the 360.4 per cent increase in…
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OIL & GAS
Nigeria’s low oil production will affect OPEC+ supplies – Report
The international oil market has expressed concern that the Organisation of Petroleum Exporting Countries and its Declaration of Cooperation partners…
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NEWS LENS
Truckers accuse NPA of safety compromise
Truckers operating in the maritime sector have accused the Nigerian Ports Authority of not inspecting trucks before issuing them the…
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ASSETS & FINANCIALS
FG borrows $800m for mass transit, cash transfers
The Federal Government has secured $800m from the International Bank for Reconstruction and Development (World Bank) to provide post-petroleum…
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