BUSINESS
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Recapitalisation: Insurance Companies meet NAICOM Blueprint Deadline
The National Insurance Commission’s (NAICOM) deadline for submission of recapitalisation plan has been met by several Insurance companies. NAICOM had directed…
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Dangote Powers Cement Plant in Tanzania with Gas Turbines
The management of Dangote Cement has made known that its cement plant in East African country, Tanzania now runs on gas turbines,…
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NERC Explains Why It’s Introducing New Electricity Tariffs
In less than a week that the Nigerian Electricity Regulatory Commission(NERC) announced the upward review of electricity tariffs that would be…
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FIRS to Commence VAT Charges on Online Transactions by January 2020 —Fowler
The Federal Inland Revenue Service (FIRS) has said that it would start charging Value Added Tax on online transactions, both…
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NNPC records 77% rise in pipeline vandalism across the country
Nigeria’s oil production may have suffered another setback in June 2019 as the Nigerian National Petroleum Corporation (NNPC) posted 77%…
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Increased Border Security poses Huge Challenge as Farmers Count Losses in Ogun
It is now getting increasingly difficult for farmers and traders in Ogun State to make profits as the Nigeria Customs Service (NCS)…
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Irish firm hints seizing Nigeria’s assets worth $9.6bn
An Irish firm, which won a world record $9.6bn arbitration fine against the Federal Government, has instructed its lawyers to…
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Power Generation Falls to 2,854.3MW
The electricity generation companies (Gencos) at the weekend produced “lowest generation of 2,854.3MW.” The System Operation of the Transmission Company…
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World Bank to Spend $62 million on Projects in Nigeria
The World Bank, in collaboration with Adamawa State government, says plans have been concluded to disburse 62 million dollars on…
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CBN Injects $297.92 into Secondary Market
The Central Bank of Nigeria (CBN), has injected 297.92 million dollars into the retail Secondary Market Intervention Sales (SMIS).
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