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Thursday, January 21, 2021
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CATEGORY

Business

Again, Nigeria’s Economy Slips Into Recession

Nigeria’s economy has slipped into another recession. The same happened in 2016, making it the second recession in a space of four years. This is according...

Rising Food Prices Raise Nigeria’s Inflation to 14.23% in October

Nigeria’s inflation rate increased by 14.23% (year-on-year) in October 2020, this is 0.06% higher than the rate recorded in September 2020 (13.71%). Rising food prices...

Tax Now Accounts for 70% of Nigeria’s Revenue, Federal Revenue Service Says

Nigeria’s Federal Inland Revenue Service (FIRS) has disclosed that receipts from tax, which were previously supplementary, now account for about 70% of Nigeria’s total...

Buhari reopens border for Dangote, keeps it shut for other businesses: Report

President Muhammadu Buhari has granted Dangote Group a special waiver that would allow the conglomerate transport its products across the Nigerian borders into other...

Amazon Drops French Black Friday Ad Campaign as Lockdown Starts

Amazon is withdrawing advertising for pre-Black Friday discounts in France, after the government said the campaign was unfair to small shops at time when...

Nigerian Stock Exchange: Top Five List Of Gainers, Losers

The Nigerian Stock Exchange (NSE) market closed with 5,947 deals on Wednesday, October 28, 2020, higher than the 5,283 deals it closed with on Tuesday,...

Lafarge Africa Releases Q3 2020 Financials

Lafarge Africa recorded an impressive return during the third quarter of 2020, as the company's financial statement for this year's Q3 reported Lafarge Africa...

Airtel Africa Surviving On Nigerian Subscribers As Revenue Grows By 10.7%

Nigerian subscribers gave Airtel Africa its highest revenue growth, as the telecommunications company generated $1.815 billion during the period ended September 31, 2020. According...

CBN Deducts N917.5bn From Customers’ Accounts Across Nigerian Banks

Central Bank of Nigeria (CBN) debited customers' accounts in Nigerian banks. The affected banks are Zenith Bank, United Bank for Africa (UBA), Guaranty Trust...

Guinea Insurance Releases Earnings For Q3 2020

Guinea Insurance company recorded a decline in its gross premium written for the year ended September 30, 2020, when compared to the corresponding period...

Latest news

Trump ignores Biden as new President’s inauguration holds today

President Donald Trump has spent his last full day on Tuesday in the White House mulling pardons as President-elect, Joe Biden was set to...

NBA sets up committee for public interest litigation

The Nigerian Bar Association, NBA, has set up a 13-member committee for the purpose of taking up public interest litigation on its behalf. According to...

Justice Ofili-Ajumogobia’s Sack: Court dismisses NJC’s objection

The Federal High Court in Abuja has dismissed an objection raised by the National Judicial Council, NJC, against the hearing of the case instituted...

Samsung chief bags jail term over corruption scandal

The de facto chief of South Korea’s Samsung business empire, Lee Jae-yong, was sentenced to two and a half years imprisonment on Monday over...

Buhari appoints Marwa as NDLEA chairman

President Muhammadu Buhari has approved the appointment of former military Governor of Lagos State, Brig. Gen. Buba Marwa (retd), as the new Chairman/Chief Executive...
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