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Nigeria’s equities market to remain positive in 2022, say analysts

Parthian Securities’ analysts have predicted that the Nigerian equities market will remain positive due to the increased participation of domestic players in 2022, despite being a pre-election year. Parthian Securities

Agency Report Agency Report

FG threatens port terminal operators over service fee

The Federal Government has said that proper implementation of the Practitioners Operating Fee will promote global competitiveness, threatening sanctions on operators who fail to comply with its collection. It said

Agency Report Agency Report

Twitter won’t be free for commercial, govt users, says Elon Musk

Elon Musk, on Wednesday, said Twitter commercial and government users may have to pay to use the micro-blogging platform. Twitter on Monday, April 25, confirmed the selling of the platform

Agency Report Agency Report

World Bank to review poverty index over inflation, others

The World Bank plans to revise the global poverty line from $1.90 to $2.15 due to increases in the costs of basic food, clothing, and shelter across the world. This

Agency Report Agency Report

Cooking gas: Nigeria needs $750m for 5MMT annual consumption

NIGERIA requires about $750m investment in the transportation and retailing infrastructure for Liquefied Petroleum Gas, popularly called cooking gas, to achieve the target of five million metric tonnes of annual

Agency Report Agency Report

Power firms owe banks N861.14bn amid electricity crisis

THE debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn in December 2021 amid the lingering problems plaguing

Agency Report Agency Report

Nigerians to pay more as telcos plan 40% tariff hike

Telecommunication companies are proposing a 40 per cent increase in the cost of calls, SMS, and data to the Nigerian Communications Commission as a result of the rising cost of

Agency Report Agency Report

50 passengers rescued as fire guts aircraft tyres in Port Harcourt

At least 50 passengers were rescued when fire gutted the tyres of an aircraft operated by Dana Airlines Limited in Port Harcourt. The incident occurred on Monday evening at the

Kayode Oyero Kayode Oyero

External reserves fall by $196m in eight days

Nigeria’s external reserves fell slightly by $196m in eight days to $39.62bn as of April 28, according to figures obtained from the Central Bank of Nigeria. The CBN revealed that

Agency Report Agency Report

700 companies jostle for N12bn railway projects – NRC

THE Nigerian Railway Corporation has said that about 700 companies applied for its N12bn capital projects procurement. Speaking during the exercise in Lagos, the Director of procurement, NRC, Mr Benjamin

Agency Report Agency Report

Overdue debt repayment weak in most states, DMO warns

The Director-General, Debt Management Office, Ms Patience Oniha, has said that many state governments still struggle to pay arrears, a development that threatens the level of debt sustainability in states.

Agency Report Agency Report

Nigeria’s crude production crashed by 1.2 million barrels in April – OPEC

The Organisation of Petroleum Exporting Countries on Monday said insufficient investments in the oil sector had limited the capacity of Nigeria and other OPEC member nations to pump the volumes

Agency Report Agency Report
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