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To make up for the shortfall in the total distributable revenue for March 2021 in Nigeria, an augmentation was made in the sum of N8.65 billion from the Forex Equalization Fund Account by the government. This statement was made by the…

The Securities and Exchange Commission, (SEC), has given Capital Market Operators, April 30, 2021, as deadline to renew their operation licences. Director General of SEC, Mr. Lamido Yuguda said while briefing newsmen on the outcome of…

The President, Dangote Group, Alhaji Aliko Dangote, said close to $500m have been expended on the Dangote Sugar Refinery in Tunga, Awe Local Government of Nasarawa State, North central Nigeria, with the project expected to generate 90…

The Securities and Exchange Commission, (SEC), is “in discussion with the CBN towards better understanding and better regulations for the digital currency market.” Director General of SEC, Mr. Lamido Yuguda stated this while briefing…

The Central Bank of Nigeria CBN is working to include sugar and wheat on the list of commodities that will be banned from accessing foreign exchange (FX). CBN Governor Godwin Emefiele made this disclosure on Thursday in Awe, Nasarawa…

The Nigerian Ministry of Power has blamed the current decline in electricity supply across the country on the decline of eight power plants and a hydro station. They are the Sapele, Afam, Olonrunsogo, Omotosho, Ibom, Egbin, Alaoji and…

The 36 states and the Federal Capital Territory (FCT) generated N1.31 trillion as Internally Generated Revenue (IGR) in 2020 compared to N1.33 trillion recorded in 2019, the National Bureau of Statistics (NBS) says. NBS made this known…

Trading on the floor of the Nigerian Exchange Limited again reclined on Thursday, following a margin gain on Wednesday, attributed to profit-taking on LAFARGE AFRICA PLC. which declined 3.1% and UNION BANK NIG.PLC which declined 7.1%.…

Stakeholders at a conference that seeks to enhance ease of doing business in Kwara state, North central Nigeria, have called on the Nigerian government to provide adequate security in order to encourage investors to key into relevant…

The Federal government has approved the activation of New subscriber identification module(SIM) Registration  with Mandatory National Identity Number,NIN. This will also be inline with the Revised National Digital Identity Policy for SIM…