This year’s edition of the MSMEs Awards holds this week virtually as the Buhari administration continues to roll out palliatives and other…
News
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EconomyNews
How we are converting COVID-19 pandemic to opportunity to reset Nigeria economy—Osinbajo
Vice President Osinbajo has said that despite the despair that came with the COVID-19 pandemic and its attendant consequences, Nigeria decided to…
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EconomyFinanceNews
E-payment channels transaction value drops by N96 billion as a result of COVID-19 lock down in April
The Central Bank of Nigeria CBN has said that the total volume of payment transactions across Nigerian payment channels fell by 26…
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EconomyFinanceNews
Banks can now debit other bank accounts of chronic loan defaulters starting August 1–CBN
The Central Bank of Nigeria (CBN) has authorised banks to begin from August to debit chronic bank debtors account with other banks.…
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The Nigerian National Petroleum Corporation (NNPC) has fired 850 workers, many of them from refineries, amidst the coronavirus pandemic, an oil union…
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Trading activities at the local bourse started the week bearish as the benchmark index moderated 44bps to close at 24,200.60 following sell-offs in MTNN (-1.0%), ZENITH (-3.0%)…
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BusinessEconomyNews
FG in court to overturn $10bn arbitration award as CBN adds maize to 41 items denied access to forex
The federal government has uncovered previously unknown payments to the daughter of a Nigerian official, its lawyer told a court on Monday,…
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The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019. Data obtained from the…
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Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G community in a landmark resolution that can anger Beijing. Johnson,…
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Parastatals under the Federal Ministry of Transportation have agreed on modalities for handling areas of overlap in their responsibilities. Director-General of the…
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The Securities and Exchange Commission (SEC) has restated its preparedness to collaborate with the National Information Technology Development Agency (NITDA) to foster safe conducts…
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The Lagos State Government ( LASG) says it will train no fewer than 450 young entrepreneurs on the use of coconut waste…
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BusinessEconomyFinanceNews
FG to release at least 50% of amended capital budgets by end of July—Buhari
President Buhari has said that the Federal Ministry of Finance, Budget and National Planning is in the process of effecting budgetary releases…
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Key market indices of the Nigerian Stock Exchange (NSE) on Friday rebounded by 0.12 percent following price appreciation achieved by MTN Nigeria…
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The International Energy Agency (IEA) raised its 2020 oil demand forecast but warned that the spread of COVID-19 posed a risk to…