NCC denies incurring N17bn deficit in 2021 budget
The Nigeria Communications Commission (NCC) has debunked claims that it’s incurred N17billion deficit in the 2021 budget. In a statement on...
Banks, telcos meet as USSD debt hits N100bn
The accumulated debt from Unstructured Supplementary Service Data which Deposit Money Banks owe telecommunication firms has risen to over N100bn....
FG, US firm sign MoU on $15bn rail project
The Federal Government, through the Ministry of Niger Delta has signed a deal with a United States based firm, Atlanta...
FG cuts power firms from national grid
The Federal Government, on Tuesday, declared that it had commenced the disconnection of some power firms from the national grid...
Manufacturers Groan as Diesel Price Jumps 55.9%, Petrol Up 42% in One Year
The pump prices of diesel and petrol increased significantly to 55.9 percent and 42.6 percent respectively between April 2022 and...
Nigeria lost N2.3tn revenue to oil theft in 12 months – IOC
Nigeria has lost an opportunity to produce and sell about 65,700,000 barrels of oil in the last year due to...
China Stocks Drag Asia Lower as Dollar Weakens
Losses in Chinese shares dragged down Asia’s equities as investors assessed whether the nation’s reopening story still has room to...
Oil prices stable as investors ponder China demand, rate hikes
Oil prices were steady on Tuesday as investors weighed strong holiday travel in China that could boost fuel demand against...
FMDQ: Corporate bonds listing up 51% to N1.50trn
The value of outstanding corporate bonds listed on the FMDQ Securities Exchange (FMDQ) rose Year-on-Year (YoY) by 50.9 percent to...
CBN defends forex ban on stockfish importation
The Central Bank of Nigeria has said that the foreign exchange restriction imposed on the importation of stockfish was to...
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