The World Bank Group has said in its latest estimate that Nigeria, India, and the Democratic Republic of Congo are “three countries…
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EconomyNewsOil and Gas
Petroleum Industry Intervention on COVID-19 earmarks 53% funding to construction of medical infrastructure
Of the N21billion ($58million) pledged in kind as medical intervention by the Nigeria Oil and Gas Industry to combat COVID-19 and improve…
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Dubai Chamber of Commerce and Industry said it has kicked off a webinar series providing African business leaders and entrepreneurs with useful…
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Senate has passed an increased budget for 2020, as Nigeria tackles the new coronavirus pandemic and a sharp fall in the price…
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NewsOil and Gas
NNPC tells partners, suppliers to bring down costs to 40% as DPR extended deadline marginal oilfield bid round
NNPC says it has directed all its partners and suppliers to bring down their cost to between 30 and 40 per cent…
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National Identity Management Commission (NIMC), has commenced enrolment and issuance of National Identification Numbers (NIN), to Nigeria citizens in 16 countries across…
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Today, trading in the domestic equities market closed south as price depreciation in BUACEMENT (-3.9%), UACN (-9.1%) and ZENITH (-1.2%) dragged the All-Share Index by 47bps to close at…
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National Bureau of Statistics has reported that Nigeria’s total trade declined 17.94 per cent in the first quarter of 2020 compared to…
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The Nigerian Electricity Regulatory Commission (NERC) has threatened to sanction seven electricity Distribution Companies (DisCos) for failing to comply with its orders.…
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Improving the working and trading environment for small and medium sized businesses through Shared Facilities, MSMES Clinics and other government interventions are…
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MaritimeNews
Antipiracy war: UN commends NIMASA, Nigerian Navy, says Nigeria sending ‘strong, valuable message’ to world
The International Maritime Organisation (IMO}, the specialised shipping regulatory agency of the United Nations, has delivered a glowing appraisal of Nigeria’s effort…
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Today, the NSE All-Share Index (ASI) appreciated 34bps to close at 25,335.15 points following buying interest in BUACEMENT (+4.1%), DANGSUGAR (+2.8%) and UBA (+0.8%). Consequently, investors gained ₦44.4bn…
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The Minister of Communications and Digital Economy, Dr Isa Pantami, has tasked Prof. Umar Danbatta, the Executive Vice Chairman (EVC), Nigerian Communications…
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FMDQ Securities Exchange Limited has announced the admission of Dangote Cement N100 billion Commercial Paper (CP) on its platform. FMDQ Securities Exchange…
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EconomyFinanceNews
Global economy to shrink by 5.2%, deepest recession since the Second World War—WB
World Bank has said that the swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged…