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Business
Oil prices expected to stay above $100 per barrel
Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply.
A survey of 34 economists and analysts forecasts Brent crude would average $106.82 a barrel in…
UK economy faces double-digit inflation, possible recession
Britain's economy is struggling under the strain of two major risks in the form of double-digit inflation and a possible recession.
This has left the Bank of England (BoE) in a dilemma about how much further it should raise interest rates.…
Nigerian Lawmakers seek the establishment of Entrepreneurship Bank
The House of Representatives has passed for second reading, a bill seeking to establish an Entrepreneurship Development Bank of Nigeria, with the aim to provide soft loans for small and medium scale enterprises in the country.
The…
Nigeria targets N3.8tn revenue from oil and non-oil sectors
The Federal Government, has approved a new revenue generation scheme aiming to annually generate N3.8tn and N160bn from non-oil and oil ventures respectively.
The Senior Special Assistant to the Vice President on Media and Publicity,…
Trading on Nigerian stock market closes flat
Wednesday's trading on the floor of the Nigerian Exchange Limited, NGX ended with mixed sentiments with losses in heavyweight shares MTN NIGERIA COMMUNICATIONS PLC (-0.09%), GUARANTY TRUST HOLDING COMPANY PLC (-0.97%) and ECOBANK…
NGX, BOI collaborate to deepen inclusive growth in Nigeria’s Capital Market
The Nigerian Exchange Limited (NGX) and Bank of Industry (BOI) have signed a Memorandum of Understanding (MoU) to deepen capital market reach, build capacity of stakeholders through financial literacy programs, facilitate market advocacy…
Nigeria targets additional N3.96 trillion in revenue generation reforms
Nigeria is targeting additional revenue of about N3.96 trillion through the implementation of revenue mobilization reforms, which is a derivative of the federal government’s Strategic Revenue Growth Initiative.
A memo presented…
Over 200 illegal refineries operating in Nigeria- NNPC boss
The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has revealed that over 200 illegal refineries are operating across the country, with no government-owned refinery working at the…
NDIC seeks ICPC, others’ partnership on anti-corruption strategy
The Chairman of the Nigerian Deposit Insurance Corporation (NDIC) Board, Mrs Ronke Sokefun has called for stronger collaboration on the implementation of the National Anti-Corruption Strategy (NACS) towards strengthening the fight against…
N29b debt: Defaulters of ground rent risk property forfeiture -FCTA
Property owners who have failed to pay their outstanding ground rents of N29, 506,643,943.98 risk prosecution, revocation or outright forfeiture as the coordinating committee on the recovery of outstanding ground rents owed the Federal…