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ASSETS & FINANCIALS
State govts withdraw N701.54bn, NFIU bans cash transactions
The Nigeria Financial Intelligence Unit has prohibited cash withdrawals from accounts belonging to the Federal Government, all its agencies, states…
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OIL & GAS
FG gives operators ultimatum to name oil well owners
The Nigerian Upstream Petroleum Regulatory Commission on Thursday, issued a seven-day ultimatum for all lease and licence holders operating in…
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OIL & GAS
FG to spend N3.36tn on fuel subsidy in 2023
The finance minister said N3.36tn was earmarked for fuel subsidy in Nigeria’s 2023 budget. During her presentation, Ahmed declared…
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ASSETS & FINANCIALS
Nigeria’s debt to hit N77tn, loan servicing gulps N5.2tn
Nigeria’s public debt burden may hit N77tn if the National Assembly approves the request by the President, Major General Muhammadu…
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OIL & GAS
Discos hike electricity tariff secretly, consumers kick
Electricity distribution companies have quietly increased the tariff payable by power consumers across the country. Although most of the Discos…
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OIL & GAS
EFCC recovers N13bn illegal fuel subsidy payments
The Economic and Financial Crimes Commission recovered about N13bn as proceeds of illegal payments made under the subsidy regime between…
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NEWS LENS
Air Peace reaches 55 million passenger mark in eight years
Nigerian flag carrier, Air Peace, has hit the 55 million passenger traffic mark, a milestone in its eight years of…
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ASSETS & FINANCIALS
Telcos, ISPs ready for Elon Musk’s Spacelink competition in Nigeria
•Starlink pegs hardware cost $600, monthly subscription at N31, 000 Though they agreed that, Nigeria’s telecommunications sector would be very…
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POLITICS
Clark joins OBJ, Afenifere, others, endorses ‘eminently qualified’ Obi
• LP candidate okay on restructuring, modular refineries, S’South devt, others • ‘Why no one can cage an idea…
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ASSETS & FINANCIALS
External reserves fell by $3.43bn in 2022 – Report
Nigeria’s external reserves fell by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The CBN…
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ASSETS & FINANCIALS
Buhari signs ₦21.8trillion 2023 budget into law
President Muhammadu Buhari on Tuesday signed into law the 2023 appropriation bill of N21.83 trillion. Buhari signed the bill…
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ASSETS & FINANCIALS
CBN’s short-term loans to banks drop to N11 trillion
Financial data obtained by media source suggest that deposit money banks (DMBs) had less reason to worry about liquidity last…
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SPORTAINMENT
No Messi, no Neymar as PSG suffer first loss of season
Paris Saint-Germain, without World Cup winner Lionel Messi and Neymar, lost for the first time in any competition since…
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NEWS LENS
Ajaokuta Steel Complex to create additional 500,000 jobs for youths – Buhari
President Muhammadu Buhari, in the course of the week, said the Ajaokuta Steel Complex would provide 500,000 estimated jobs for…
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POLITICS
APC, PDP denounce OBJ’s letter endorsing Obi
• As letter says LP candidate has ‘edge’ over Tinubu, Atiku, others • APC PCC ‘pities’ Obi over ‘worthless’ ratification…
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ASSETS & FINANCIALS
CBN loan repayments to gulp 62% of revenue – W’Bank
The World Bank has projected that interest payments on the Federal Government’s borrowing from the Central Bank of Nigeria…
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OIL & GAS
Six million meters for deployment before June – FG
Six million meters are to be deployed nationwide in the first and second quarters of this year to reduce the…
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OIL & GAS
Reps begin $2.4bn oil revenue loss probe
The House of Representatives ad hoc committee investigating the alleged loss of over $2.4bn revenue to illegal sale of…
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ASSETS & FINANCIALS
More banks suspend international transactions on naira cards
Guaranty Trust Bank Plc has joined a growing list of Nigerian banks to suspend international transactions of their naira-denominated Mastercard.…
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NEWS LENS
Lekki Port begins talks on liquid berth terminal
The Chief Operating Officer of Lekki Port LFTZ Enterprise Limited, Laurence Smith, has said that has opened talks with…
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