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SEC orders suspension of Oando Shares

The Nigerian equities apex regulator, Securities Exchanges Commission (SEC) has ordered the suspension of trading activities in the shares of Oando Plc. In a statement by the commission, made available to newsmen, SEC has directed the Nigerian Stock Exchange (NSE) to

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NDIC wins special recognition for excellence in banking service award

The Nigeria Deposit Insurance Corporation (NDIC) has been conferred with the Special Recognition and Commendation Award for Excellence in Banking (Public Service) at the Business Day Banking Awards 2017 which was held on October 14, 2017. In a letter of

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Governors demand balance of Paris Club refund

The governors of the 36 states of the federation have asked the federal government to release the 50 percent balance of Paris Club refund by November. The federal government has disbursed N760.17 billion, paid in two tranches, to the 36

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Inflation drops for eighth consecutive months to 15.98%

The National Bureau of Statistics has released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.01 per cent in August to 15.98 per cent in September. In the report that was released on Tuesday

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We must borrow more to deliver infrastructure —Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, on Sunday, said the nation must borrow more in the short term to deliver critical infrastructural projects such as roads, rail and power. According to her, Nigeria currently has one of the lowest

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VIPs shun Lagos airport presidential wing

Activities at the presidential wing of the Murtala Muhammed Airport, Lagos have dropped drastically as many top government officials no longer travel through the area. The presidential wing is created for top government officials including the President, Vice President, Senate

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Labour rejects N30,000 minimum wage offer

The organised labour on Saturday rejected the resolution of the House of Representatives seeking the upward review of the minimum wage for Nigerian workers to N30,000 from the current N18,000 The President of the Trade Union  Congress, Bobboi Kaigama, told

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FG tasks World Bank, IMF on renewable energy

The Federal Government has asked the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable en- ergy in order to deliver development results and meet global climate goals. Nigeria’s position

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In Ambode’s Lagos, citizens have no right to know govt. budgets, spending

There were smiles on the faces of Governor Akinwunmi Ambode and the two men who sat on both sides inside the Lagos House, Ikeja, as cameras’ clicked while the governor signed the Lagos State government’s N813 billion Appropriation Bill for

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18 states to benefit from $500 million World Bank fund

The Federal Government has listed 18 states that will benefit from the $500 million World Bank-financed project. The disclosure was made by the National Coordinator of Rural Access and Mobility Project, RAMP, Ularamu Ubandoma, at the unveiling of selected participants in the

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