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Business & Economy
US dollar falls ahead of final GDP data
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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Ecobank grows PBT by 13% to $540m
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 bars directors from trading shares, risks regulatory sanction
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 debt rose to N46.25tr in 2022 – DMO
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 completes N200b bond listing
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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FG has approved pay raise for civil servants — Ngige
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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Oando posts N141b loss as finance costs spike
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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NNPC to raise crude reserve to 50b barrels, explores Nasarawa oilfield
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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CBN bars banks seeking upgrade from expansion
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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FG’s $22b loan request rejected by Chinese bank – Reps
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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