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Friday, June 18, 2021

CATEGORY

Business

Business

Nigeria’s auto industry attracted over $1bn investments — Jelani Aliyu

Ibrahim Ramalan - 0
The Director-General of the National Automotive Design and Development Council, NADDC, Jelani Aliyu, has disclosed that Nigeria’s automotive industry attracted over one billion dollars in investments since 2019.
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Business

Nigeria’s inflation hits 17.93 per cent – NBS

Ibrahim Ramalan - 0
The National Bureau of Statistics, NBS, Tuesday said that the inflation rate in the month of May 2021 is now 17.93 per cent.
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Business

Buhari tasks NLNG on timely completion of Train 7

News Desk - 0
President Muhammadu Buhari on Tuesday charged that the Nigeria Liquefied Natural Gas, NLNG, Train 7 be delivered on schedule so that the Train 8 project could begin.
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Business

AfDB launches $463.9m ‘Kangaroo’ Social Bond

News Desk - 0
The African Development Bank, AfDB, has initiated a 600-million-Australian-dollar, 463.9-million-dollar, 5.5-year Kangaroo bond, marking its return to the Australian dollar bond market.
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Business

Nigerian stock market rebounds by N102bn on bargain hunting

News Desk - 0
The bulls returned on the Nigerian stock market on Tuesday with investors’ net worth appreciating by N102 billion on bargain hunting.
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Business

OPEC countries lost $1trn to oil price plunge in two years, says Barkindo

News Desk - 0
The Secretary-General, Organisation of Petroleum Exporting Countries, OPEC, Dr Mohammad Barkindo, has disclosed that OPEC member countries lost about $1 trillion USD to oil price plunge in 2015 and 2016.
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Business

Dangote refinery to help Nigeria save $3bn from petroleum imports annually – Emefiele

Ibrahim Ramalan - 0
The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has said that the country will save about $3bn from petroleum products imports annually when Dangote Refinery is fully operational.
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Business

Dangote fertiliser plant ready, products to hit Nigerian market Monday – Official

News Desk - 0
Dangote Industries Limited says its three million metric tonnes granulated urea fertilizer plant is now completed and its products will flood the Nigerian market from Monday.
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Business

CBN to empower cotton farmers for cultivation of 80,000 hectares in 2021 – Emefiele

News Desk - 0
The Governor of the Central Bank of Nigerian, CBN, Godwin Emefiele, says the bank aims at empowering the cultivation of 80, 000 hectares of cotton in 2021.
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Business

TAJBank opens 3 new branches in Abuja

DailyNigerian - 0
TAJBank, Nigeria’s leading non-interest bank has opened three new branches at Wuse, Garki and Gudu Markets in Abuja.
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Business

CBN committed to supporting farmers – Emefiele

Rayyan Alhassan - 0
The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, says the apex bank will support smallholder farmers to boost food production.
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Business

No plans to increase price of bread by 30% — PBAN

News Desk - 0
The National Leader, Progressive Bakers Association of Nigeria, PBAN,Prince Jacob Adejorin, says his group is not contemplating a 30 per cent increase in the prices of bread, biscuits and other items.
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Business

SEC directs all investment platforms to register or cease operations by June 30

Ibrahim Ramalan - 0
The Securities and Exchange Commission, SEC, has directed all existing investment crowdfunding portals/digital commodities investment platforms to register with the commission or cease operations by June 30.
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Business

LCCI backs NNPC’s move to acquire stake in Dangote refinery

News Desk - 0
The Lagos Chamber of Commerce and Industry, LCCI, has backed the proposal by the Nigerian National Petroleum Corporation, NNPC, to acquire 20 per cent stake in the Dangote refinery.
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Business

Airbus market to recover from pre-COVID levels by 2025

News Desk - 0
European planemaker Airbus on Thursday said it continued to expect the commercial aircraft market to recover to pre-COVID-19 levels between 2023 and 2025, led by the single-aisle segment.
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Business

Nigeria will soon create its own digital currency — CBN

Ibrahim Ramalan - 0
Following the ban on cryptocurrency transactions in Nigeria, the Central Bank of Nigeria, CBN, has disclosed plans for the country to create its own digital currency.
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Business

Africa needs fiscal stimulus – Okonjo-Iweala

News Desk - 0
The Director-General of the World Trade Organisation, WTO, Dr Ngozi Okonjo-Iweala, said the African continent needed more fiscal stimulus to engender economic growth and recovery.
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Business

Edo chamber of commerce faults plans to ‘name, shame’ tax defaulters

News Desk - 0
The Benin Chamber of Commerce, Industry, Mines and Agriculture, BENCCIMA, has kicked against the plan by the Edo Internal Revenue Service, EIRS, to ”name and shame” defaulting tax payers in the state.
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Business

Lagos govt recovers N1.2bn excess bank charges

News Desk - 0
The Lagos State Government on Thursday said that it recovered a total of N1.2 billion in excess of bank charges over a period of six years.
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Business

Plateau, Kano, Abia residents paid highest for petrol in April – NBS

DailyNigerian - 0
The National Bureau of Statistics, NBS, says residents of Plateau, Kano and Abia states paid the highest amount for Premium Motor Spirit, PMS, popularly called petrol in April.
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Business

Post COVID-19: IMF to inject $33bn into Nigeria, other African countries

Rayyan Alhassan - 0
Managing Director of the International Monetary Fund, IMF, Kristalina Georgieva, has assured African leaders of 33 billion dollars from the expected Special Drawing Rights, SDR, of 650 billion dollars.
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Business

CBN targets 1million hectares for rice cultivation in 2021 – Emefiele

Rayyan Alhassan - 0
The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, says the apex bank plans the cultivation of one million hectares of rice in the 2021 farming seasons, to boost food security.
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Business

JUST IN: NBS says Nigeria’s inflation rate drops to 18.12%

Rayyan Alhassan - 0
Nigeria’s rate of inflation dropped to 18.12 percent in April 2021, the National Bureau of Statistics, NBS, said on Monday
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Business

After renovation, National Theatre will offer 16,000 jobs – GM

News Desk - 0
More than 16,000 jobs would be created during and after the ongoing renovation of the National Theatre, Iganmu, Lagos, Prof. Sunday Ododo, General Manager of the 44-year-old complex, said on Thursday in Lagos.
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