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EFCC charges two over alleged unlawful supply of

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FG urges banks, fintechs to bridge $14.8bn gender

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Former Asia’s richest man sentenced to life in

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US govt debt surpasses $40tn for first time

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Microsoft warns Africa risks becoming AI consumer

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Tony Elumelu’s Heirs Holdings stake in Seplat crosses $1bn

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EFCC charges two over alleged unlawful supply of FCMB

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New airbus acquisition strengthens Ibom Air – Eno

Aviation

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Obi warns FG over borrowings, says debt may hit N150trn

Former presidential candidate, Peter Obi has warned that Nigeria’s debt might exceed N150 trillion by the end of the year if not properly controlled. This was disclosed by Obi via its official X account on Monday, stating that the volume of borrowings recorded in the first quarter of 2024 calls for prudent management of government […]

News

Nigeria’s equity market has potential to create $500b – CIS

The President and Chairman of the Governing Council of the Chartered Institute of Stockbrokers, Oluropo Dada, has said that the country’s equity market has the potential to create $500 billion. This disclosure was made by the Dada during his inauguration as the 13th president and chairman of the council of the institute in Lagos, recently, […]

Australia hikes fee for citizenship applications
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Australia hikes fee for citizenship applications

The Australian government has unveiled a substantial increase in fees for citizenship applications and passports, effective from July 1, 2024. This new fee structure will impact various applicants, including permanent residents, adoption cases, and specific foreign applicants. Starting July 1, 2024, permanent residents, individuals seeking citizenship through adoption, and foreigners applying under specific international agreements […]

NDIC chases Heritage Bank debtors
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BVN Account issues delay payments for defunct Heritage customers – NDIC

The Nigeria Deposit Insurance Corporation has announced that discrepancies in account names linked to the Bank Verification Numbers of some former Heritage Bank customers are causing delays in the payment of their insured deposits. In a statement to the News Agency of Nigeria in Abuja, NDIC’s Managing Director, Mr. Bello Hassan, confirmed that a significant […]

Toyota to unveil three electric vehicles in Nigeria
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Toyota to unveil three electric vehicles in Nigeria

Toyota Nigeria Limited has announced its plan to launch three electric vehicles in Nigeria over the next three years, aligning with the government’s green deal initiative. This announcement was made by TNL’s Managing Director, Mr. Kunle Ade-Ojo, during the inaugural Toyota Motor Show organized by the company. Mr. Ade-Ojo revealed that the Toyota Cross, RAV4, […]

SEC to strengthen borrowing regulatory framework in Nigeria
News

SEC threatens banks with N1m over recapitalisation rule violations

The Securities and Exchange Commission has threatened banks with a N1 million penalty if they fail to submit comprehensive capital increase applications, to enforce compliance with banking sector recapitalisation standards. This was disclosed in a statement by SEC, according to The PUNCH. It stated that banks must adhere to certain norms and procedures to acquire […]

FG deducts N256.5bn for gas projects in six months
News

FG delists five oil blocks from 2024 bidding round

As investors prepare to register for the 2024 Licensing Round, the Nigerian Upstream Petroleum Regulatory Commission has deleted five oil blocks from the present licensing round due to legal disputes. The five oil blocks are alleged to be involved in separate lawsuits, according to The PUNCH. The Nigerian Upstream Petroleum Regulatory Commission confirmed the development. […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
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Senate receives more documents as N30tn loan probe continues

The Senate panel investigating the Federal Government’s N30 trillion Ways and Means loans procured from Godwin Emefiele’s Central Bank of Nigeria has received further documents from the Office of the Accountant General. Hence, the panel is scheduled to continue physical sitting after reviewing the materials, according to the PUNCH. The panel had written to the […]

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NNPCL commences probe of lubricants-for-petrol incident

The Nigerian National Petroleum Company Limited announced on Sunday that it has launched an inquiry into an incident in which an attendant at one of its retail stations advised customers that they needed to buy lubricants or engine oil before they could purchase Premium Motor Spirit, also known as petrol. It noted the attendant had […]

News

CIS swears in Dada as 13th president

Mr Oluropo Dada was sworn in as the 13th President and Chairman of the Governing Council of the Chartered Institute of Stockbrokers. The investiture event, held over the weekend in Lagos, marked the start of Dada’s two-year stint as President of the Institute, as well as the departure of Mr Oluwole Adeosun, the Institute’s immediate […]

Economy News

Nigeria’s FX reserve rise to $34.14bn

Nigeria’s reserves continued to rise, reaching $34.14 billion on Friday, up 4.06 percent from $32.74 billion on June 3, 2024, according to figures from the Central Bank of Nigeria. The last rounds of loans the Federal Government received from the World Bank have bolstered the country’s reserves, according to The Punch. In May, the Bureau […]

News

DKK, LIRS partner to promote tax education in Lagos

The Lagos State Internal Revenue Services has collaborated with DKK Nigeria to hold a debate tournament aimed at educating youngsters about the necessity of paying taxes, according to The PUNCH. Commenting, the Chief Operating Officer of DKK Nigeria, Bukola Thomas, in a recent debate in Lagos, stated that the event would primarily teach youngsters on […]

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