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Over 90% of informal workers abandon personal pension

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Oando plans power generation from abandoned oil wells

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Senate replaces outdated insurance law with new regulatory

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Over 90% of informal workers abandon personal pension plan

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Oando plans power generation from abandoned oil wells

Business

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Why 60% Nigerians startups fail- Expert
Business News

Why 60% Nigerians startups fail- Expert

A business expert, Mark Idiahi, has disclosed why 60 per cent of Nigerian startups fail within their first two years. According to The PUNCH, Mr Idiahi who is the Chief Executive Officer of Second Chance Care Foundation, a non-governmental organization stated that many Nigerian startup companies fail because of poor leadership in the country. Idiahi […]

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank
News

Why ending global poverty by 2030 unlikely – World Bank

The World Bank has revealed why the global goal to end poverty by the year 2030 is unlikely. According to the News Agency of Nigeria, the world financial body on Thursday stated that the global poverty goal is unlikely to be met by 2030 due to “absent history-defying rates of economic growth over the remainder […]

Housing News

Real Estate firm invest ₦20bn on FMDQ

A real estate firm, Magnificent Multiservices Limited, in its pursuit of housing solutions for Nigeria registered ₦20 billion series 1 Commercial Paper programme. According to The Punch, the series 1 Commercial Paper programme was registered on the FMDQ Securities Exchange platform. Of the ₦20 billion investment proposed for its city and estate developments through Radial […]

Oil Theft: Nigeria loses $150m every two days
Oil and Gas

Oil Theft: ‘Nigeria loses $150m every two days’

The Nigerian National Petroleum Company Limited Chief Financial Officer, Umar Ajiya, said the country loses $150 million every two days. Ajiya who made the claim on Wednesday during an interview on Arise TV blamed vandalism and oil theft for the loss. According to Ajiya, NNPC which declared a profit was ₦674 billion in 2021 can […]

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 […]

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