Business
After Five Years, Apple Regains Lead as Global Smartphone Provider
Apple shipped more smartphones in the fourth quarter of 2020 than any other company, including its biggest rival, Samsung. This...
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Petrol Landing Cost Climbs To N186 as Oil Prices Increase
As oil prices climbed, the landing cost of petrol imported into Nigeria has increased to N186.33 per litre. Recall that...
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‘Nigeria Has $5.83bn Undisbursed Foreign Loans’ – DMO Says
Nigeria has over $5.83bn undisbursed foreign loans that have been approved, the Debt Management Office has said. The DMO on...
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Nigerian Banks Open Dollar Accounts To Boost Foreign Remittances
Banks have begun opening dollar accounts for beneficiaries of remittances without one, in a bid to boost international payments and...
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FG Moves To Begin First Phase of 250,000MW Electricity Generation Deal With Siemens
The Federal Government has sealed a contract with German firm, Siemens, for the pre-engineering phase of the Presidential Power Initiative...
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Brent Prices Climbs To $64 Per Barrel As Extreme US Weather Limits Supply
Brent oil price rose further again, yesterday, due to limited supplies in the southern United States (U.S.) state of Texas...
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CBN Asks Banks to Open Dollar Accounts for Foreign Remittances
... To Place $2000 Withdrawal Limit The Central Bank of Nigeria (CBN) has directed commercial banks in the country to...
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FG To Borrow $1.2bn From Brazil, Germany to Fund Mechanised Agriculture
The Federal Government is set to borrow $1.2bn from the Dutch Bank and the Development Bank of Brazil to facilitate...
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Petrol Subsidy Nears N11.2bn Weekly as Oil Prices Climb Above $63
The subsidy on petrol may have amassed at least N11.20 billion, in one week, as the rise in global oil...
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Naira Gains Subtly, Exchanges At 473/$
The Naira, on Monday, exchanged at 473/$ at the parallel market, after trading at 477 the prior week. At the...
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