Business & Economy

THE United States (U.S) dollar continued its descent against its major trading partners early Thursday ahead of the final gross domestic product growth reading for Q4 and weekly…
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THE Ecobank Group grew its profit before tax by 13 per cent to $540m in the 2022 financial year. This was disclosed in its audited results for the year ending December 31, 2022,…
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STERLING Bank has banned the company’s directors and other individuals with access to sensitive materials relating to the firm’s financials from trading its shares. The financial…
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NIGERIA's total public debt rose to N46.25 trillion ($103.1 billion) in 2022, from 39.56 trillion naira a year earlier, as the government ramped up borrowing to fund its budget…
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DANGOTE Industries has completed its listing of the firm’s N200bn series 1 and 2 Bonds on Nigerian Exchange Limited. The Chief Executive Officer, Dangote Industries Limited,…
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THE Minister of Labour and Employment, Chris Ngige, says the Federal Government has approved a pay raise for civil servants in the country. Ngige yesterday said the pay raise is a…
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NIGERIA's leading indigenous energy group, Oando Plc, has posted a N141 billion loss after tax in its 2020 financial statement, according to its regulatory filing on the Nigerian…
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THE Nigerian National Petroleum Company Limited (NNPCL) is raising crude oil reserves to 50 billion barrels from the current 37 billion as it begins exploring Ebenyi-A oilfield in…
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THE Central Bank of Nigeria has barred banks and other financial institutions seeking a conversion licence from expanding or reducing their current banking network in its new draft…
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THE House of Representatives has approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank. This followed the decision by the China-Exim…
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