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Economic

FG planning bank guarantees for Nigeria-Ethiopia deal

The Federal Government is planning to provide bank guarantees for the proposed Nigeria-Ethiopia deal, court papers The Federal High Court, Lagos Judicial Division, on Tuesday, had issued an order of interim injunction restraining the Federal Government from executing the proposed establishment of the national carrier otherwise dubbed Nigeria Air. About eight local airlines and their […]

Business

‘Government, IOCs, banks must support indigenous oil companies amidst divestment’

Amidst growing divestment from Nigeria’s oil and gas sector and dwindling global financial options for fossil fuel projects, the Federal Government, international oil companies and Nigeria’s financial institutions have been urged to provide a leeway that will enable indigenous oil operators to thrive. Ingenious oil producer and service provider, who is the founder of Lee […]

Business

Sell-off in Guinness, 20 stocks drag index by 0.08%

Following sell pressure in Guinness Nigeria and 20 other stocks, the Nigerian Exchange Limited (NGX) halted gains to close on a downturn yesterday, as the All-share index depreciated by 0.08 per cent. The All Share Index (ASI) decreased by 35.72 absolute points, representing a dip of 0.08 per cent to close at 44,011.22 points. Similarly, […]

Business

AMMBAN moves against ‘umbrella’ agents as POS transactions hit N6.05 trillion

•Body decries rise in failed transactions, insecurity, network hitches •Hopes to expand current 1.4m agents pool in the country The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has moved against ‘umbrella’ agents, which, according to them, has brought great disrepute to the operations in the country. According to AMMBAN, the ‘umbrella’ agents […]

Business

Insurance experts link sector’s low awareness to poor MSMEs engagement

Urge operators to provide tailored products Experts in the insurance industry have attributed low insurance penetration in the country to poorly-tailored products for Micro, Small and Medium Enterprises (MSMEs), therefore, urging underwriting companies to provide the sector with needed solutions. The industry players stated this in Benin City, Edo State, at the just-concluded Chartered Insurance […]

Business

SON advocates patronage of locally-made goods

The Standards Organization of Nigeria (SON) has urged Nigerian consumers to always insist on patronizing made-in-Nigeria products, noting that the move would help to combat the influx of fake and substandard goods into the country. The Director-General, SON, Mallam Farouk Salim, at a sensitization exercise themed “Zero Tolerance for substandard products”, said one of the […]

Politics

As president, Atiku will hit ground running – Ayu

The National Chairman of the People’s Democratic Party, PDP, Dr. Iyiochia Ayu has assured Nigerians that the presidential candidate of the party, Atiku Abubakar will hit the ground running upon declaration as the president of Nigeria in 2023. Ayu made this assurance while speaking at the official commissioning of the People’s Democratic Institute (PDI), at […]

Politics

2023: we‘ll reduce poverty, suffering – Peter Obi

The Presidential candidate of Labour Party (LP), Mr. Peter Obi, has assured Nigerians that he is committed to reducing poverty as well as suffering in the country. Obi gave this assurance while addressing his supporters on Friday in Gboko Local Government Area, Benue, noting that there is poverty and suffering in the country. He said […]

Politics

2023: We’ve logistics for possible run-off – INEC

The Independent National Electoral Commission INEC has said in line with its tradition of adequately preparing for eventualities, it has enough logistics to take care of a possible run-off in next year’s Presidential Election. INEC Chairman, Prof. Mahmood Yakubu disclosed this on Friday in Abuja at a meeting with Bureau Chiefs and Regional Editors of […]

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