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ASSETS & FINANCIALS
Naira crisis worsens as currency-in-circulation tumbles to N1.54tn
Amid the worsening naira crisis, the total amount of currency-in-circulation in the Nigerian economy has tumbled from N3.3tn to N1.54tn,…
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OIL & GAS
Upstream oil investments hit $499bn in 2022 – Report
The investment in the global oil and gas upstream sector has increased by 39 per cent to $499bn in 2022, the…
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OIL & GAS
NNPCL completes depot repairs
The Nigerian National Petroleum Company Limited has completed the rehabilitation of the pipeline at the Satellites depots area, media has…
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ASSETS & FINANCIALS
CBN: IMF calls for review of 2007 Act
The International Monetary Fund has called for a review of the Central Bank of Nigeria Act 2007 to strengthen the bank’s…
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NEWS LENS
NIMASA Provides Technical Support To Sao Tome And Principe
The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, has provided technical support to Instituto Marito e Portuaruo…
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PERSONALITY OF THE MONTH
Post-Election Maritime Outlook: Why Our Ports Will Be More Efficient In 2023-MD, NPA
In February 2022, Mr. Mohammed Bello-Koko was appointed the substantive Managing Director of Nigerian Ports Authority(NPA). He had served…
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NEWS LENS
Unbundling Of Railway Will Guarantee More Jobs, Optimal Performance-Transport Minister
The Minister of Transportation, Mu’azu Jaji Sambo has called for the unbundling of the Nigerian Railway Corporation (NRC)…
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NEWS LENS
Nigerian Navy Hands over Vessel To NIMASA For Flouting IMO Regulation
The Nigerian Navy has handed over a Tanker vessel “MT Sea Eunice” which was arrested on August 11, 2022…
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OIL & GAS
FG plans to repair Warri, Kaduna refineries
The Nigerian National Petroleum Company Limited has said that the rehabilitation of three refineries in the country which it has…
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ASSETS & FINANCIALS
World Bank president resigns, to step down in June
World Bank President, David Malpass, announced on Wednesday that he would step down by the end of June from…
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OIL & GAS
NNPCL projects N367bn annual savings from local refining
Nigeria is going to save about N367.2bn annually through the domestic refining of crude oil to Premium Motor Spirit,…
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NEWS LENS
FEC okays cargo e-tracking to curb revenue leakage
The Federal Executive Council, on Wednesday, approved the installation of Electronic Cargo Tracking Notes for seaports nationwide. It said the…
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NEWS LENS
Buhari’s nationwide address to Nigerians on new naira
The President, Major General Muhammadu Buhari (retd.) has approved the continuous use of the old N200 as legal tender…
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NEWS LENS
NDPB probes banks, telcos, loan sharks over alleged data breaches
• Puts Nigeria’s data industry worth at N5.5 billion, creates 9,500 • Decries low data protection awareness among public…
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ASSETS & FINANCIALS
Gains in petroleum stocks lift NGX capitalisation by N20 billion
The Nigerian Exchange Limited (NGX) reopened in an upbeat mood yesterday, as market capitalisation advanced by N20 billion, following gains…
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ASSETS & FINANCIALS
DMO raises N724.9bn in February bond auction
…increases by 100% The Debt Management Office has announced that it raised N724.9 billion in February 2023 Federal Government bond…
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ASSETS & FINANCIALS
Meta vows sustained investment as top official quits
Meta, the parent company of social media platforms, Facebook, Instagram and WhatsApp, has said it will continue to invest in…
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ASSETS & FINANCIALS
CBN uncovers N365m fake notes in five years – Report
The Central Bank of Nigeria seized N365.24m counterfeit notes between 2016 and 2020, according to findings by media source.…
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OIL & GAS
Bonga attains one billion barrels oil export – Shell
Nigeria’s first deep-water exploration and production vessel, Bonga, hit a one-billion-barrel oil export mark on Monday. This milestone came three…
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NEWS LENS
Manufacturers groan as FX crisis worsens
The Manufacturers Association of Nigeria has said that the Central Bank of Nigeria’s processes of allocating foreign exchange have its…
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