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Why Nigerian insurance is one of the lowest globally - CPPE

High levies threaten survival of Nigerian airlines, says

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Lagos signs power purchase deals to boost supply

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Dangote Refinery expansion to create 95,000 jobs

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Why Nigerian insurance is one of the lowest globally - CPPE

High levies threaten survival of Nigerian airlines, says CPPE

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Lagos signs power purchase deals to boost supply by

Business
Hackers breach North Korean spy group’s computer

Italy okays extradition of Chinese hacker wanted by US

Business

Dangote urges govt, private sector partnership to eliminate malaria

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Why Ethiopia halted visa-on-arrival for Nigerians - FG
Aviation

Nigerian aviation expert faults Ethiopia’s visa on arrival ban

An aviation expert, Olumide Ohunayo, has described the decision of Ethiopia’s visa-on-arrival ban for Nigerian travellers. PUNCH Metro reported that Ethiopian Airlines via a document made available to the press stated,“Please be informed that effective immediately, no more visa on arrival for Nigerian Citizens.” The circular explained that “passengers are to obtain their visa at […]

Buhari
Oil and Gas

2023 budget: FG projects 1.69m oil barrels daily

Ahead of the presentation of the 2023 budget to lawmakers, a report has revealed that the Federal Government is projecting the production of 1.69 million barrels of oil daily. This is as the President, General Muhammadu Buhari (retd), is scheduled to present the N19.76 trillion 2023 Budget estimates before lawmakers at a joint session of […]

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  • 5th October 2022
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Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank
Economy

Nigeria’s economy to decline 2023 – World Bank

World Bank has predicted a 3.3 per cent to 3.2 per cent drop in Nigeria’s economy in 2023, blaming the decline on inflationary pressures. The report tagged Africa’s Pulse published on Tuesday in Washington DC says the economic growth decline will extend till 2024. “The Nigerian economy is projected to slow in 2023, down to […]

How Nigerian banks performed first half of 2022
Banking

How Nigerian banks performed first half of 2022

Experts analysis revealed that Wema Bank, First Bank and Stanbic IBTC stood out as the best performing banks in the first six months of 2022. The Key metrics considered in this analysis are total asset growth, loan book growth, profit growth, cost-to-income ratio movement, and return on average equity. Despite surge in operational cost due […]

Nigeria Air: FG warns against fake recruitment website
Aviation

Nigeria Air: FG warns against fake recruitment website

The Federal Government through the Management of Nigeria Air Limited on Tuesday warned members of the public against dealing with websites claiming to be agents of Nigeria Air. According to The PUNCH, the Special Assistant (Public Affairs) to the Minister of Aviation, James Odaudu, while describing the websites as fake also urged them to ignore […]

Stock market
News

Geregu’s 2.5bn shares list on Nigerian Stock Exchange

Beginning from 5 October, 2022, shares of Nigeria’s leading Electricity Power Plant, Geregu Power PLC will become available for public purchase. According to Nairametrics, this is coming following the listing of Geregu Power PLC on the Main Board of Nigerian Exchange by way of introduction. Geregu Power will be listing 2.5 billion ordinary shares of […]

How Nigerian banks performed first half of 2022
Banking

Zenith, GTB, others record ₦500bn after tax profit

Zenith Bank takes the lead as the Nigeria Exchange posted N501.13 billion after tax profit of 13 banks in the first six month of 2021. The record showed a 13.1 per cent increase compared to the N443.17 billion recorded in the corresponding period in 2021, according to Nairametrics.   Taking a cue from the financial […]

New naira'll make ransom payment difficult - CBN
Economy

Nigeria’s foreign reserves plunge to $38.3bn

The Central Bank of Nigeria has revealed that the nation’s external reserves at the end of September dropped to $38.318 billion signifying a 5.42% decrease. According to the financial institution, it was gathered that the nation’s foreign reserves have dropped by $2.202 billion to $38.318 billion as of September 29, 2022, from $40.520 billion as […]

Nord Stream gas leak has stopped, says spokesman
Oil and Gas

Nord Stream gas leak has stopped, says spokesman

The Nord Stream 2 pipeline is no longer leaking under the Baltic Sea because an equilibrium has been reached between the gas and water pressure, a spokesman told AFP. “The water pressure has more or less closed the pipeline so that the gas which is inside can’t go out,” Nord Stream 2 spokesman Ulrich Lissek […]

GEF, UNDP fund rural electricity for agriculture with $5.91m
News

GEF, UNDP fund rural electricity for agriculture with $5.91m

  The Africa Mini-grids Programme, an initiative of the Global Environment Facility, with the support of the United Nations Development Programme, the Rural Electrification Agency have subsidized electricity for rural agricultural activities in Nigeria, with a grant of $5.91million. According to the AMP Project Regional Manager, Mr. Nasiru Ibrahim, the fund is a four-year pilot […]

Stock market
Business

Stock market rebounds, investors gain N14bn

The stock market recovered on Wednesday with a gain of N14 billion after suffering a loss of N15 billion on Tuesday. According to The PUNCH, the market capitalization of the All Share Index increased to N26.531 trillion, up 10.25 basis points or 0.02 per cent, bringing it to a close at 49,171.70 basis points. It […]

News

Asset declaration: Ensure strict compliance, FG warns officials

The Federal Ministry of Works and Housing has warned directors in public offices to strictly adhere to the assets declaration code of conduct or risk sanctions. According to The Punch, the permanent secretary in the ministry, Bashir Alkali gave the warning during a sensitisation workshop organised for public servants holding directors positions. Akali who spoke […]

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