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BUSINESS & ECONOMY

BUSINESS & ECONOMY

BUSINESS & ECONOMY COVER NEWSLETTER POLITICS & GOVERNMENT

The United States (U.S.) Ambassador to Nigeria, Mr Stuart Symington has attributed poor social infrastructure development in Nigeria to the weak system of tax collection in the Country. ...
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BUSINESS & ECONOMY COVER NEWSLETTER

As public concerns mount over increasing borrowing, the Debt Management Office (DMO) has reassured Nigerians that there was no risk of default on the $500 million loan expected ...
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BUSINESS & ECONOMY COVER NEWSLETTER

Nigeria and Japan on Tuesday signed a Memorandum of Understanding (MoU) to promote quality infrastructure development and harmonious relationship between Nigeria and Japan. Nigeria’s Ministry of Transportation and ...
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NSE Trading
BUSINESS & ECONOMY COVER NEWSLETTER

The Nigerian equities market on Monday closed the first trading session of the week in red, as the all share index (ASI) lost 1.25 percent on selloffs across ...
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BUSINESS & ECONOMY COVER NEWSLETTER

The Federation Accounts Allocation Committee (FAAC) has disbursed N3.946 trillion in the first half of 2018 to Federal, State and Local Governments, the Nigeria Extractive Industries Transparency Initiative ...
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MTN
BUSINESS & ECONOMY IT/TELECOM LEGAL NEWSLETTER

MTN Nigeria has taken the Central Bank of Nigeria (CBN) and the Attorney General of the Federation (AGF) to court over their investigations into the telecom company’s Certificates ...
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Edo
BUSINESS & ECONOMY

Edo State Internally Generated Revenue (IGR) has hit an average of N2bn monthly from N1.55bn in 2016 when Governor Godwin Obaseki was sworn-in. This represent 25 percent growth ...
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BUSINESS & ECONOMY COVER

The Central Bank of Nigeria (CBN) is to auction treasury bills worth N1.024 trillion in the fourth quarter of this year. The central bank stated this in its Nigerian Treasury Bills Issue programme for ...
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FIRS
BUSINESS & ECONOMY COVER

The Federal Inland Revenue Service (FIRS), will soon go after the bank accounts of some 6772 billionaires not currently paying taxes, according to Tunde Fowler, chairman, FIRS. Fowler ...
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BUSINESS & ECONOMY COVER NEWSLETTER Technology & Business

With a crash in the value of bitcoin last week, Nigerians are pulling back to cut down on their losses in the cryptocurrency market as their stake in ...
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BUSINESS & ECONOMY COVER NEWSLETTER

Trading in the shares of United Bank for Africa (UBA),  Guaranty Trust Bank (GTBank) and Stanbic IBTC Bank Plc, accounted for N7 billion deals, at the end of ...
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BUSINESS & ECONOMY COVER NEWSLETTER

Investors desirous of quick gains from their investments have invested about N99.50trillion in short-term money market instruments in seven months on the platform of the FMDQ OTC Securities ...
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Stanbic IBTC
BUSINESS & ECONOMY NEWSLETTER

Stanbic IBTC Ventures Limited (SIVL) has surrendered its licence as a venture capital manager. The company disclosed this in a notification to the Nigerian Stock Exchange (NSE) on Friday. According to ...
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AfDB
BUSINESS & ECONOMY SME Biz

The African Development Bank (AfDB), says it has approved 15 million dollars for equity investment in Verod Capital Growth Fund III, a private equity fund for investments in ...
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Nigeria-China
BUSINESS & ECONOMY NEWSLETTER

In the first six months of 2018, the value of trade between Nigeria and China grew by 7.6 percent year-on-year to hit $7.2 billion, making China the third ...
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BUSINESS & ECONOMY COVER NEWSLETTER

The National Bureau of Statistics (NBS) said the country recorded foreign trade valued at N6.57billion in the second quarter. The bureau disclosed this in its “Foreign Trade in ...
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Africa
BUSINESS & ECONOMY

As insinuations mount that China is heaping Africa with debt, Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has denied the alleged debt crisis in African ...
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Stock Market
BUSINESS & ECONOMY

The series of tensed political developments in Nigeria coupled with some negative macro economic statistics have taken a huge toll on the competitiveness of Nigeria’s stock market, crashing ...
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BUSINESS & ECONOMY INTERNATIONAL NEWSLETTER

The rout in emerging markets showed no sign of letting up, with an index of stocks slipping toward bear territory and a basket of currencies weakening to its ...
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Ogun
BUSINESS & ECONOMY NEWSLETTER

The Nigeria Customs Service (NCS) Ogun Area Command has raked over N799.6million revenue into the coffers of the Federal Government, in August, 2018, fiscal year. The N799.6million generated ...
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