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ASSETS & FINANCIALS
MAN tackles CBN over N1tn low-interest loan
Manufacturing companies have said they cannot access loans at the Central Bank of Nigeria’s five per cent lending rate…
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ASSETS & FINANCIALS
Banks reward savings accounts with 1.28%, lending hits 26.61%
The gap between the savings and lending rates in the banking sector widened by 25.33 per cent in March, according…
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ASSETS & FINANCIALS
Nigerians beat CBN restrictions, trade N78bn Bitcoin in three months
Nigerians traded at least N77.75bn ($185m) worth of Bitcoin in the first three months of the year despite the Central…
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OIL & GAS
Power plant explosion plunges Ogun communities into darkness
Many communities in Ogun State have been thrown into another round of blackout following a reported explosion of the…
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NEWS LENS
Customs impound 10,865 kegs of petrol at Seme
The Nigeria Customs Service, Seme Command, said it impounded 10,865 jerrycans of Premium Motor Spirit with a Duty Paid Value…
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NEWS LENS
FOU Zone A Customs Makes N7bn Seizures In 5 Month’s
The Nigeria Customs Service(NCS), Federal Operations Unit(FoU) Zone A Command , Ikeja, Lagos has made seizures of smuggled goods…
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NEWS LENS
MAN Rector, Effedua Orders, Detains Maritime Journalist At Panti Police Over Publication
The legal battle between the Maritime Academy of Nigeria, MAN, Oron Rector, Comdr. Emmanuel Duja Effedua and Innocent Orok,…
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OIL & GAS
NNPC to pay N874bn in June as subsidy hits N1.82tn
Operators in the oil and gas sector as well as other stakeholders are uncomfortable with the continued rise in…
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POLITICS
Atiku releases economic agenda, vows to break govt monopoly
The Peoples Democratic Party presidential candidate, Atiku Abubakar, has released his economic agenda guiding principle, with a vow to…
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SPORTAINMENT
Anthony Joshua Rematch with Oleksandr Usyk Likely in August
Anthony Joshua’s rematch against Oleksandr Usyk is likely to be held on 20 August in the Middle East. Ukrainian Usyk…
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OIL & GAS
Shell to Receive Two Final Bids for Proposed Sale of Nigeria Oilfields This Week
•Set to retain deepwater , gas production operations •Seplat, Sahara Group withdraw non-binding offers Shell Plc is set to receive…
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NEWS LENS
Enugu Trains 80 AUDA/NEPAD Agric Extension Workers
The administration of Governor Ifeanyi Ugwuanyi of Enugu State recently organised a 5-day intensive training for over 80 indigenous…
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OIL & GAS
NBS: Despite Unstable Power, Discos Raked in N2.4tn in Six Years
The Electricity Distribution Companies (Discos) raked in a total of N2.4 trillion as revenue between 2015 and 2020, the National…
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NEWS LENS
NIMASA Donates Relief Materials To Idps, Security Equipment To Govt. In Niger
The Nigerian Maritime Administration and Safety Agency (NIMASA) on Tuesday donated relief materials to Internally Displaced Persons (IDPs) and…
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ASSETS & FINANCIALS
Nigeria’s public debt climbs by N2.04tn in Q1 – DMO
The Debt Management Office said on Tuesday that Nigeria’s total public debt stock increased to N41.60tn in the first…
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ASSETS & FINANCIALS
Nigeria’s imports from China rise by 183.91%, debts hit $3.67bn
Nigeria’s import from China rose by 183.91 per cent from N530.98bn in the first quarter of 2018 to N1.51tn in…
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ASSETS & FINANCIALS
FG probes Wema Bank and BetNaija over alleged data breach
The Nigeria Data Protection Bureau has said it is investigating Wema Bank and KC Gaming Networks, also known as BetNaija,…
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ASSETS & FINANCIALS
New steel plant plans to reduce $3.3bn imports
The Group Managing Director, African Industries Group, Alok Gupta, has said Nigeria needs to develop its large steel deposits and…
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NEWS LENS
COVID-19, others delay acquisition of aircraft for national carrier – CEO
The interim management of the national carrier, Nigeria Air, on Monday explained why the proposed new airline had not been…
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OIL & GAS
Crude oil exports jump by 194%, hit N5.6tn in three months
Amid increasing calls for diversification of the economy, Nigeria’s crude oil exports jumped to N5.6trn in the first quarter of…
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