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BUSINESS & ECONOMY

BUSINESS & ECONOMY

Buhari
BUSINESS & ECONOMY COVER

The presidency yesterday clarified that President Muhammadu Buhari has not banned or restricted food importation. The presidency, in a letter to the Editor of Financial Times over its ...
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Nigerian Stock Exchange
BUSINESS & ECONOMY COVER NEWSLETTER

The Nigerian Stock Exchange (NSE) All-Share Index (ASE) fell below the 27,000 threshold to 26,925.29 last week following the free-fall the stock market has been experiencing. The continued ...
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Discos Reject FG's Plan
BUSINESS & ECONOMY COVER NEWSLETTER

Electricity distribution companies (Discos) yesterday kicked against the reported plans by the federal government to buy back their distribution assets, describing it as undesirable. The Discos said through ...
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VAT on Online Shopping
BUSINESS & ECONOMY

Mixed reactions have trailed the proposed plan by the Federal Government to slam a five percent Value Added Tax (VAT) on goods bought online. Experts told the News ...
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Nigeria's Inflation
BUSINESS & ECONOMY COVER

The Consumer Price Index (CPI) which measures inflation dropped to 11.08 percent (year-on-year) in July compared to 11.22 percent in June, according to the National Bureau of Statistics ...
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Moody's
BUSINESS & ECONOMY COVER NEWSLETTER

While most Sub-Saharan African (SSA) sovereigns plan to consolidate their budgets to stabilize debt, they are now more vulnerable to potential negative economic and financing because they are ...
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Nigerian Stock Market
BUSINESS & ECONOMY COVER NEWSLETTER

Most stocks hit two-year slump The Nigerian equity market is offering long-term investors opportunities to invest as most of the stock prices have declined significantly below their opening ...
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FIRS
BUSINESS & ECONOMY COVER NEWSLETTER

The Federal Inland Revenue Service has said all companies must remit value-added tax and withholding tax by the 21st day of every month. It disclosed this in a ...
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Moghalu
BUSINESS & ECONOMY COVER NEWSLETTER

Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), has criticized President Muhammadu Buhari over his directive to the apex bank to halt foreign exchange ...
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CBN
BUSINESS & ECONOMY COVER NEWSLETTER

Says Nigeria has attained food security President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the ...
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The Naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N450 and N396, ...
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World Bank's Portfolio in Nigeria
BUSINESS & ECONOMY COVER NEWSLETTER

El-Rufai advises govs to take advantage of financing opportunities The World Bank Country Director for Nigeria, Mr. Rachid Benmessaoud, Thursday said its net portfolio commitment to the country ...
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CBN
BUSINESS & ECONOMY COVER

The Central Bank of Nigeria sold a total of N114.6 billion worth of treasury bills yesterday, in its first such auction since mid-July as it seeks to boost ...
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EFCC Joins AMCON
BUSINESS & ECONOMY COVER

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, has vowed to assist the Asset Management Corporation of Nigeria (AMCON), to recover monies ...
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Nigeria's Bilateral Debt
BUSINESS & ECONOMY COVER

Chinese credit accounts for 80 percent of all bilateral loans to Nigeria, according to data from the Debt Management Office (DMO). China provides loans to build railways, power ...
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NEXIM Bank Releases N24 billion Funding
BUSINESS & ECONOMY COVER SME Biz

The Nigerian Export Import Bank (NEXIM) said it has disbursed about N24 billion as well as approved applications worth N55 billion to non-exporters, many of whom are Small ...
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The stock market returned to bearish mode as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) depreciated by 0.52 percent to close at 27,527.40 after opening positively on ...
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Bi-Courtney Limited and Roygate Properties Limited, businesses promoted by Wale Babalakin, says the Assets Management Corporation of Nigeria (AMCON) should deduct its N49 billion debt from the N132 ...
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Olam Cuts Bid Price for Dangote Flour
BUSINESS & ECONOMY COVER NEWSLETTER

Olam International Limited, a Singaporean agro-allied company, which had offered to acquire Dangote Flour Mill (DFM) Plc for N130 billion yesterday announced a reduction of the bid price ...
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Nigeria Records $15 Billion Investment
BUSINESS & ECONOMY COVER

Between January and June this year, the Nigerian economy recorded a total investment commitment of $15.15 billion in various sectors of the economy, the Nigerian Investment Promotion Commission ...
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