Business
FG, CBN Pumps N250bn To Reduce Gas Importation
The Federal Government and the Central Bank of Nigeria (CBN) have announced an N250 billion intervention fund to expand gas...
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Transmission Company Suspends Direct Power Sale To Industries
The Transmission Company of Nigeria has suspended the evacuation of electricity to eligible customers, this was learnt on Thursday. Recall...
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DPR To Track 33,000 Filling Stations Over Suspected Smuggling
The Department of Petroleum Resources has said it is working towards capturing all the 33,000 filling stations in Nigeria in...
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Nigeria Loses N530bn To Vehicle Insurance Evasion
Although Nigeria has about 11.8 million registered vehicles plying the roads, only about 1.2 million of such vehicles have valid...
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Banks Comply With CBN’s Forex Directive, Sells Dollar at N412
As the modified Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN) debuts, commercial banks in the capital...
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Foreign Investors Pullout N116.72bn From Stock Market
The Nigerian Exchange Limited has revealed that foreign investors in the equities market withdrew a total of $116.72bn from Janury...
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Telcos Lose Nearly 13m Subscribers Over SIM-NIN Linkage
Telecommunication companies lost 20.83 million subscribers in the first half of 2021, according to industry statistics released recently by the...
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CBN Lists Regulatory Guidelines For Payments Service Holding Firms
The Central Bank of Nigeria (CBN) issued guidelines on Tuesday for the licensing and regulation of Payments Service Holding Companies...
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NCC Says Nigerians Spent N1.77trn on National Calls, SMS Last Year
Nigerians spent about N1.77trn on national calls and short messages in 2020. This is according to the analysis of data...
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Naira Appreciates at Forex Markets Amid Dollar Supply Boom, Weak Demand
The exchange rate between the naira and the US dollar closed lower at N411.44/$1 at the official Investors and Exporters...
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