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ASSETS & FINANCIALS
Nigeria loses N309.26bn to 124-day Twitter ban
The Nigerian Twitter ban has entered its 124th day, causing losses of up to N309.26bn to the economy. The Nigerian…
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ASSETS & FINANCIALS
Stock market gains N33bn as volume jumps 103%
The Nigerian Exchange Limited gained N33.32bn in market capitalisation as trading finalised on its floor on Thursday after trading volumes…
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ASSETS & FINANCIALS
Reps propose compensation for airport neighbours over noise, emission
The House of Representatives has approved a bill seeking to create a special welfare package for people living around airports…
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ASSETS & FINANCIALS
FG to unveil 2022 budget details today
The Federal Government will on Friday (today) publish the estimates in the 2022 Appropriation Bill laid before a joint session…
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ASSETS & FINANCIALS
“2022 budget: Expect more borrowing to finance N6.258tr deficit, says FG
• Senate hastily okays revised fiscal framework, approves N16.39tr budget for 2022• Buhari presents ambitious appropriation amid weak 2021 budget…
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OIL & GAS
Diesel price jumps to N320/litre, job losses loom
Fuel marketers have increased the price of Automotive Gas Oil, also known as diesel, to N320 per litre as the…
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ASSETS & FINANCIALS
Banks start integrating e-Naira app
Banks have started to onboard the e-Naira feature on their applications. In its latest update, the Guaranty Trust World app…
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OIL & GAS
Nigeria lost N221.64bn in July to oil production stoppages – NNPC
A total of 7,193,520 barrels of crude oil was lost in July this year due to about 39 production shut-in…
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ASSETS & FINANCIALS
Nigeria’s economy to grow by 2.4% in 2021 – World Bank
The World Bank has said Nigeria’s economy is projected to grow by2.4 per cent in 2021. This is an increase…
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ASSETS & FINANCIALS
E-payments rose by 6.37% to N24tn in September
The value of e-payment transactions in Nigeria rose by 6.37 per cent to N24.08tn in September. This was according to…
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NEWS LENS
Used vehicle prices soar over freight, clearing charges, FX
• Nigeria spends N601.51b on importation of vehicles in H1, 2021• Freight rate high because shipping lines, airlines charge for import,…
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NEWS LENS
Nigerians face airfare hikes, foreign airports impose N950bn charges
Airfare hikes by international airlines operating flights into Nigeria and other countries may be imminent as airport and air navigation…
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NEWS LENS
Maritime security: UK ship sails for Nigeria, Ghana, three others
Royal Navy patrol ship HMS Trent is sailing to the waters of the Gulf of Guinea for security patrols and…
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NEWS LENS
Nigerian airlines, others to lose N1.4tn, poor COVID-19 vaccination slows recovery
Nigerian and other African airlines will see a very slow pace of recovery in financial performance from a $1.9bn loss…
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OIL & GAS
Oil surpasses $81, Nigerian production drops by 130,000 barrels
Oil prices climbed above $81 on Monday as the Organisation of Petroleum Exporting Countries and its allies announced that it…
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ASSETS & FINANCIALS
Billions of dollars lost as Facebook shuts out 2.9 billion subscribers
The global economy lost billions of dollars as Facebook, WhatsApp, and Instagram went down at about 4.42pm on Monday. According…
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ASSETS & FINANCIALS
Nigeria serviced debt with N1.47tn first half 2021 – DMO
Nigeria spent N1.47tn on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office…
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ASSETS & FINANCIALS
Quarter 2 manufactured imports exceeded exports by N4.3tn – NBS
The value of manufactured goods imported into the country exceeded exports by N4.37tn in the second quarter of 2021, according…
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NEWS LENS
Maritime varsity student, one other feared dead in Delta boat mishap
A student at the Nigeria Maritime University, Okerenkoko, in Warri South-West Local Government Area of Delta State, has reportedly drowned…
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BEARS & BULLS
BEARS: Public Holiday For World Maritime Day
The World Maritime Day(WMD) 2021 has come gone but the good and the bad memories remain like a sore thumb.…
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