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ASSETS & FINANCIALS
CBN may fine banks hoarding new notes
The Central Bank of Nigeria may fine banks hoarding new notes a sum of N5m and members of the public…
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OIL & GAS
Oil revenue fell by N500bn in January – Report
Nigeria lost a total of N500bn in revenue in January as a result of low crude oil production in January,…
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ASSETS & FINANCIALS
50% PoS operators close shops over naira scarcity
Over 50 per cent of Point of Sale operators have closed their shops as scarcity of new and old naira…
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ASSETS & FINANCIALS
Telecom subscribers sue FG over tax
Telecommunication consumers under the aegis of the National Association of Telecoms Subscribers have dragged the Federal Government to court…
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ASSETS & FINANCIALS
Banking index raises stock market by N1.08tn
Despite investors’ sentiment trading and uncertainty surrounding the 2023 general elections, the anticipation for dividend payout and sectoral performance of…
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ASSETS & FINANCIALS
Reps mull emergency session over new naira crisis
The Speaker of the House of Representatives, Femi Gbajabiamila, has said the federal parliament will have no option but…
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NEWS LENS
9th African Shippers’ Day: Experts Identify Impediments To AfCFTA
The absence of intra- regional connectivity has been identified as a prime factor that could impede the flow of trade in Africa…
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NEWS LENS
FG Declares Funtua Inland Dry Port As Port Of Origin, Destination
The Federal Government has declared Funtua Inland Dry Port in Katsina State as a port of origin and final…
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NEWS LENS
NIMASA Seeks Private Sector Participation In Blue Economy
The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has called for deeper private…
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OIL & GAS
Smuggling: Govt shuts 270 filling stations, deploys DSS
The Federal Government is now deploying operatives of the Department of State Services on tankers transporting Premium Motor Spirit, popularly…
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OIL & GAS
OPEC+ maintains status quo amid lower output from Nigeria
The Organisation of Petroleum Exporting Countries plus (OPEC+) coalition’s Joint Ministerial Monitoring Committee (JMMC) recommended no changes to the group’s…
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NEWS LENS
Transport Minister Commends Buhari On Commissioning Of Dala Inland Dry Port
The Minister Of Transportation, Mu’azu Jaji Sambo has commended President Muhammadu Buhari on the commissioning of the Dala Inland…
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NEWS LENS
Compt. Oramalugo Takes Charge In Kebbi As CAC
Comptroller Ben Oramalugo on Wednesday assumed duty as the new Customs Area Controller(CAC) Kebbi Customs Command .He took over…
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NEWS LENS
Compt Omale Assumes Duty As CAC Sokoto/Zamfara Customs Command
Sequel to the redeployment of Customs Area Controllers by the management of the Nigeria Customs Service, NCS Comptroller Abdulhamid…
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OIL & GAS
NNPC expands dominance of Nigerian oil sector, takes over Addax assets
Barely four months after acquiring OVH Energy Marketing (OVHEM) Limited, Nigerian National Petroleum Company Limited (NNPC), yesterday, announced takeover of…
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ASSETS & FINANCIALS
Reps dump N22.7tn loan request, okay N1tn borrowing
The House of Representatives, on Tuesday, partly approved of the requests made by the President, Major General Muhammadu Buhari…
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ASSETS & FINANCIALS
CBN will accept old naira notes after deadline, says Emefiele
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the bank will continue to accept old naira notes…
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NEWS LENS
New naira: Racketeering booms in Lagos, Abuja, Anambra
The scarcity of the new naira notes took a worse turn on Monday as currency racketeers took advantage of the…
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ASSETS & FINANCIALS
Nigeria’s economic growth to hit 3.2%, says IMF
Nigeria’s economy is set to grow from 3.0 per cent in 2022 to 3.2 per cent in 2023 due to…
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ASSETS & FINANCIALS
New naira: CBN allocates N30m daily to Bauchi banks
The Central Bank of Nigeria, Bauchi State, says it allocates N30 million new naira notes daily to each branch of…
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