Business

The Nigerian National Petroleum Corporation (NNPC), has raised an alarm over the prevalence of low grade and contaminated diesel in circulation. It said the diesel is being offered at discounted prices. NNPC Retail Limited…
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The Minister of Communications and Digital Economy, Dr Isa Pantami, said President Muhammadu Buhari has approved reappointment of Prof. Umar Danbatta as Executive Vice Chairman (EVC), Nigeria Communications Commission (NCC). Pantami said…
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The Federal Government will soon roll out additional stimulus packages for Micro Small and Medium Enterprises (MSMEs) across the country. Special Assistant to the President on MSME in the Vice President’s office Tope Johnson made this…
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President Muhammadu Buhari has come to the rescue of Nigerian state governments, as he approved the suspension of deductions of loans and bailout funds from their shrinking monthly allocation. Buhari had last year approved a 30-year…
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The Central Bank of Nigeria says the apex bank does not charge any fee on COVID-19 loan applications as claimed in false reports circulated on social media. That is according to the Director of Corporate Communications Department of the…
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The World Bank Group said on Thursday that Coronavirus will drive many African countries, such as Nigeria, South Africa and Angola into recession, the first for Sub-saharan bloc in 25 years. In a statement, the bank said growth in Africa…
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The total donations by players in the Oil and Gas Industry to Nigeria’s COVID-19 fund is N21billion. NNPC GMD, Mele Kolo Kyari disclosed this on Wednesday. He said the oil sector was obliged to support the Federal Government in its…
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The Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal Government and Central Bank of Nigeria (CBN) to provide spending details of public funds and private sector donations to provide socio-economic benefits to…
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The Central Bank of Nigeria (CBN) on Wednesday said that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 (CACOVID) stood at N15 billion. CBN’s Director of Corporate…
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The International Monetary Fund (IMF) Friday officially confirmed that the global economy has moved into a recession. Kristalina Georgieva, boss of the Washington-based lender, said developing countries would need colossal financial…
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