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The Lagos State House of Assembly on Tuesday asked Governor Babajide Sanwo-Olu to urgently summon a stakeholders’ meeting to address the current hardship experienced by residents of the state in…
Kwara State Governor AbdulRahman AbdulRazaq has appointed white paper committees to dissect the reports of the Visitation Panels to the three public Colleges of Education and recommend to the government…
BUA, FBNH Selloffs Drag NGX Lower By N729bn Equities investors in the Nigerian Exchange (NGX) lost more than N729 billion on Tuesday as the market priced BUA Cement, FBNH and…
FG Threatens to Open Borders for Cement Importation The federal government has threatened the possibility of opening the borders to cement importation if Nigerian cement manufacturers refuse to play ball…
Naira Hits N1652 on Forward Market The Nigerian naira has continued to lose its purchasing power. Nigerian non-deliverable currency forwards fell across the curve to a new record low against…
Electricity Act: Experts Laud FG on 5% Compensation to Host Communities Some experts in the power sector have commended the Federal Government for the five per cent set aside to…
British Petroleum to Invest $1.5bn in Egypt for Development Activities Energy giant, British Petroleum (BP) plans 1.5-billion U.S. dollar new investments for development and exploration activities in Egypt, the Egyptian…
Reps Query Ecobank, Others Over N11.632 trn FG Revenue Collected The House of Representatives has queried Access Bank, Citi Bank, Ecobank and Fidelity Bank over N11.632 trillion revenue collected on…
Selloffs in Tier-1 Banks Stocks Dragging NGX Down The Nigerian Exchange (NGX) equities market capitalisation declined during the intraday trading session in the domestic market due to selloffs seen on…
Yield Shrinks to 15.4% as Demand for Treasury Bills Rises The average yield on Nigerian Treasury bills shrank in the secondary market as investors ramped up short-term borrowing instruments. Deposit…