Business

Nigeria’s inflation rate is expected to rise for the rest of this year till mid-2019, said governor of the Central Bank of Nigeria, Mr. Godwin Emefiele
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The naira weakened by one per cent on the black market on Thursday to 370 against the United States dollar, its weakest since August 2017.
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HUMAN rights lawyer and Senior Advocate of Nigeria, Femi Falana, on Thursday alleged that $12.7bn worth of crude oil was stolen from the country between 2011 and 2014.
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The Central Bank of Nigeria (CBN) has withdrawn the operating license of Skye Bank.
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The President of Premium Bread Makers Association of Nigeria, Mr Jemide Tosan, said this at a briefing in Lagos on Monday. He noted that the cost of producing bread has increased due to an increase in prices of baking ingredients.
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Ekiti State government has said that over 1,500 forms have been sold tothose interested in buying lock-up shops in the new Oja Oba market in Ado Ekiti, which is about 90 percent completed.
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The nation’s power generation plunged by 777.9 megawatts on Monday as output from the hydropower plants and some gas-fired stations, including Egbin in Lagos, suffered declines.
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geria’s Federal, States and Local Government Councils have shared N668. 89 billion from the federation account as revenue generated in May, with the NNPC still refusing to jack up its contribution to the pool.
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The monthly meeting of the Federation Accounts Allocation Committee, FAAC, ended on Wednesday in a deadlock.
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The Federal Government, states and local governments shared N701 billion as revenue for the month of April, the Permanent Secretary, Ministry of Finance, Mahmoud Isa-Dutse, said on Wednesday in Abuja.
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