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Insurance coys settle N145bn claims in Q3 – NAICOM

The National Insurance Commission (NAICOM) on Sunday, said that a total of N145 billion was paid as claims to policy holders by insurance companies in…

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Why Nigeria is suing Royal Dutch Shell and ENI for $1.1bn

In a not-so-surprising move, the Nigerian Federal Government, yesterday, instituted legal action against the Royal Dutch Shell and ENI in a London commercial court. This…

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Trouble as Lawmakers plans to shun 2019 budget presentation

Nigerian lawmakers have threatened to boycott the presentation of 2019 budget estimates by President Muhammadu Buhari. This, according to some members of the House of Representatives,…

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This payment channel had the highest value of transaction in Q3 2018

The National Bureau of Statistics (NBS) has released the Selected Banking Sector Data for Q3 2018 and the data released has revealed that the channel of…

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Why C&I Leasing shares was placed on suspension

The nation’s bourse, the Nigerian Stock Exchange (NSE) yesterday placed full suspension on trading in the shares of C & I Leasing Plc. According to…

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Nigeria’s first gold refinery to provide over 500,000 jobs

Nigeria’s first gold refinery to be completed by the end of the first half of next year. This was confirmed at a ground-breaking ceremony on Thursday….

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Why Capital Hotels paid over N500 million as damages to an ex guest

In a notice to the Nigerian Stock Exchange (NSE) recently, Capital Hotels Plc stated that it had the sum of N560 million deducted from its…

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NCC says MTN, CBN dispute will be over soon

The Nigerian Communications Commission (NCC) has once again assured that that the $8.1 billion dispute between South African telecoms giant, MTN and the Nigerian central…

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Again, PZ Cussons Plc laments challenges in Nigeria, hints at loss

PZ Cussons Plc, the parent company of Nigeria’s popular consumer goods manufacturer, PZ Cussons Nigeria Plc, has once again complained that the unfavourable economic situation in…

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This is why GE unveiled e-learning portal for entrepreneurs

In line with its commitment to skills development and the empowerment of entrepreneurs in Nigeria, General Electric has officially unveiled an e-learning portal for its Lagos…

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How Fowler’s FIRS is set to make N5.3 trillion by year end

The Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler has disclosed how the agency generated N5 trillion as at the second week of December…

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Heirs Holdings Signs $600 million Facility Deal with Afrexim Bank, to scale its Energy Investments.

As a further demonstration of the African Export-Import Bank’s (“Afrexim”) mandate to facilitate the growth of intra-Africa trade and support the development of African businesses,…

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Nigerian Breweries in trouble over inscription on product

Nigerian Breweries Plc has been dragged to court over a wrongful inscription of low sugar on one of its product. Ernest Izevbigie, a professor of Biochemistry alleged…

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AMAC obtains microfinance licence from CBN

Following the Central Bank of Nigeria (CBN)’s approval of a microfinance operating licence for the Abuja Municipal Area Council (AMAC), small-scale business owners can now…

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Court adjourns MTN’s $8.1bn case till next year

It appears the $8.1 billion dispute between MTN Group Limited and the Nigerian authorities will drag into the coming new year, as a judge in…

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Moody’s gives reason for Nigeria’s stagnant credit rating

International rating agency, Moody’s said Nigeria’s credit profile currently at B2 stable is constrained by the sovereign balance sheet’s continued exposure to shocks because the…

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Heirs Holdings partners Afreximbank on $600 million loan

In its bid to facilitate the growth of Intra-Africa trade and support the development of African businesses, Afrexim has signed financing facilities totalling US$600 million…

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Again, Oil marketers oppose promissory note for payment

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMA) has opposed the Federal Government’s decision to pay its N800 billion debts in tranches. In a statement…

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Nigeria’s OneFi Secures First Ever Credit Rating for an African Fintech

One Finance Limited (OneFi) today announces that is has been assigned a “BB” rating with a Stable outlook, from Global Credit Rating Co. The company behind Paylater,…

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Nigerians open one million bank accounts monthly: NIBSS

Mr Niyi Ajao, Managing Director, Nigeria Inter Bank Settlement System (NIBSS), says one million bank accounts are opened monthly by Nigerians as the nation’s financial…

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