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$9 billion case: Nigeria files new lawsuit against P&ID after new evidence emerges

The management of British Virgin Island firm, Process and Industrial Development (P&ID) will again have to defend the company in court in the United Kingdom as Nigeria…

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ECOWAS economy grows by 3.1%, expected to hit 3.3% by end of 2019

The economy of the Economic Community of West African States (ECOWAS) grew by 3.1% as at the end of the second quarter of 2019 and it’s expected…

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ECOWAS: Single currency regime not kicking off in 2020

The single currency regime for West Africa Countries might not kick off next year as expected because many countries are yet to meet the criteria for the…

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Girdlock: FG shuts Apapa-Tin Can road for repairs

Apapa-Tin Can road would be shut for repairs by the Federal Government for 72 hours from 12 am December 7. According to Punch, the Director, Federal Highways, Southwest,…

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Inflation may rise if borders are not opened – LCCI

Nigeria’s inflationary trend may move higher in the coming months if the nation continues to close its borders to its West African countries. This is according to…

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Bitcoin users rise in Nigeria despite Senate, CBN campaign against it

The use of Bitcoin is rising in Nigeria despite the warnings given by the Nigerian Senate and the Central Bank of Nigeria (CBN) against it. According to…

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ABEDC’s investors divided over $41 million contract breach

CEC Africa Investments Limited has accused Xerxes Global Investment Limited of breaching its agreement that led to the acquisition of Abuja Electricity Distribution Company. Both companies…

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Nigeria may fall into recession if…, World Bank warns

The World Bank has warned that Nigeria may fall back into recession, highlighting conditions that may drag the nation’s economy into the downturn witnessed in 2016. The…

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PenCom boss queried for spending N5 billion on 380 staff in 8 months

The Acting Director-General of the Nigeria Pension Commission (PenCom), Aisha Dahir-Umar has been queried by the House of Representatives on how the finances of the government agency…

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2020 Budget: An end to Nigeria’s budget cycle conundrum?

In what can be regarded as a move that may put an end to Nigeria’s budget cycle conundrum, the Senate and the House of Representatives…

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Lagos offers tech founders N250 million seed fund, cuts stringent access

Lagos State government has announced that it is set to empower Entrepreneurs and innovators in the technology space in the state with support worth N250…

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Again, Finance Minister argues that Nigeria is not in debt distress

Nigeria’s Finance Minister, Zainab Ahmed, has once again argued that Nigeria does not have a debt problem. She emphasised this earlier this month in Senegal…

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CBN gets a new Director for Currency Operations

Ahmed Bello Umar has been appointed the new Director, Currency Operations Department by the Central Bank of Nigeria (CBN). The appointment reportedly took effect on…

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Nigeria’s Entertainment & Media industry to hit $10 billion by 2023 – PwC

Nigeria’s Entertainment and Media industry is expected to rise from $4.46 billion in 2018 to $10.5 billion market by the end of 2023, as disclosed in PwC’s…

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Saudi Aramco surpasses Alibaba in world’s largest IPO, raises $25.6 billion

Saudi Arabia’s state-controlled oil firm, Aramco has raised $25.6 billion in the largest Initial Public Offering (IPO) ever, putting the value of the company at $1.7 trillion,…

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El-Rufai: How Vodafone recorded its ‘biggest’ investment mistake in Nigeria

Governor Nasir El-Rufai of Kaduna State has disclosed how telecommunication company, Vodafone failed to invest in Nigeria at a time despite having the backing of former President…

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Why more African countries need to offer dual citizenship opportunities to African-Americans

Back in the days, it was a dream and a desire for people to relocate to western countries in search of a better life; however,…

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New oil discovery to facilitate massive job creation – NNPC

The National Petroleum Corporation of Nigeria (NNPC) has disclosed that the discovery of oil in the Upper Gongola Basin of Benue Trough would lead to massive creation of…

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FG takes over Yola DisCo, investors to get N26.9 billion refund

The Federal Government of Nigeria is set to take over Yola Electricity Distribution Company (Yola DisCo), as the Nigerian Senate approved the sum of N26.9 billion as…

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FG battles 6 oil firms for failure to remit N20 trillion

The Federal Government of Nigeria has initiated moves to recover $62.2 billion (N20 trillion) from six (6) oil firms that defaulted in the payment of…

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