Business Report
CBN’s interest rate hike deflates stock market performance
The Nigerian Exchange Limited, NGX closed last week lower as the stock market reacted negatively to the latest interest rate...
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FG raises MSMEs loans to N5m at 9%
The Federal Government has raised the amount small businesses could access on single digit loans to N5 million to ensure...
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Electricity subsidy to hit N2.4tn by year-end – FG
The Federal Government, through its Nigerian Electricity Regulatory Commission, has declared that it would spend about N2.4tn on power subsidies...
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Digital Space Capital records 81% rise in profit to N620m
DSC, a finance investment said that it recorded 81.7 per cent increase in profit after tax to N620 million in...
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Reps to summon CBN, banks over unverified POS operators
The House of Representatives on Wednesday resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and...
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Govt’s debt to Egbin Power hits N1.6tn, Senate intervenes
The Senate Committee on Privatisation has pledged to address the N1.6tn debt owed to Egbin Power Plc by the Federal...
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FG spends N8.8bn to repair vandalised power towers – TCN
The Federal Government has confirmed that it spent a total sum of N8.8bn for the repair and restoration of transmission...
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Portharcourt refinery produces 1.4m litres PMS daily – NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) has explained that it is the old Port Harcourt refinery, having 60,000 barrels...
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Nigeria positions to tap share of $200bn global market value
Vice President Kashim Shettima has emphasised the need for robust human and technological capital development to harness the burgeoning $200...
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West Africa now hub for stolen vehicles – Customs
The Nigeria Customs Service has stated that West Africa has emerged as a notable destination hub in the global stolen...
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