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Investors in the Nigerian capital market lost N284 billion at the close of trading on Tuesday. This followed the dip in the share prices of stocks like MRS, RED STAR EXPRESS, and LEARN AFRCA amongst others on the trading floor. …
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Tuesday awarded 10 Gas Distribution Licences (GDLs) to six companies to deepen gas utilisation and expansion in the country. The News Agency of Nigeria…
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The World Bank and the International Monetary Fund (IMF) have called on the Central Bank of Nigeria (CBN) to remain steadfast in controlling inflation. Nigeria’s inflation rate increased to 34.8 per cent in December, up from 33.6 per…
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Oil prices rebounded on Tuesday from multi-week lows as disruption to Libyan oil loading operations offset fears of weaker demand linked to soft economic data from China and rising temperatures elsewhere. Brent crude oil futures…
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...Keeps soaring, amidst severe economic challenges Nigeria’s inflation rate has surged to 22.04%, the highest in over 17 years, leaving many citizens grappling with rising costs of goods and services. From food items to other…
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President Bola Ahmed Tinubu has appointed Barrister Yusuf Hamisu Abubakar as the Chairman of the Nigerian Maritime Administration and Safety Agency (NIMASA). This decision reflects the president’s commitment to revitalising…
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Former Presidents Olusegun Obasanjo and Muhammadu Buhari have told the International Chamber of Commerce Court of Arbitration in Paris, France that the Federal Government at no time awarded a contract in respect of the $6 billion…
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Olu Verheijen Nigeria’s energy sector saw a significant boost in 2024, with investments totaling $6.7 billion, according to Olu Verheijen, Special Adviser to the President on Energy. Verheijen revealed this in a report titled…
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Nigerian refineries expanding capacity has the potential to upend international petroleum markets and change the nation’s energy environment. Increased output at the Dangote and Port Harcourt refineries through 2025 is anticipated to…
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...In Nigeria today Festus Osifo, President of the Trade Union Congress (TUC), has declared that earning N2,500,000 annually in Nigeria today equates to being "relatively poor." Speaking on Channels Television, Osifo highlighted…
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