The Nigerian Naira depreciated further against the US dollar on Monday September 13, closing at N550/$1 compared to N545/$1 recorded in the previous trading session in parallel markets. From the data recorded on the FMDQ securities exchange window where forex is officially traded, naira closed at N412.75 per $1 at …
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Nigeria says it’s in talks with Egypt to explore areas where both countries can collaborate and boost power generation in the country. Minister of Power, Abubakar Aliyu, made this assertion during a visit of Ihab Awad, Egyptian ambassador to Nigeria, on Tuesday. “You have mentioned how you have succeeded in …
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Twitter on Monday said its talks with the Buhari administration to address the lingering statement over restoration of its services in Nigeria have been respectful and productive. “Discussions with the Nigerian government have been respectful and productive – we look forward to seeing the service restored very soon,” a Twitter …
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The Twitter ban in Nigeria has extended to 100 days, and in that time frame the nation has lost N247.61bn. The Federal Government had on June 4 suspended Twitter after the social media platform deleted a tweet by the President, Major-General Muhammadu Buhari (retd.). Consequently, telcos on June 5 blocked …
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THE Visitation Panel to the University of Lagos, UNILAG, has ordered the management to close all its accounts in commercial banks. The panel also said it discovered cases of financial abuses by top officials of the institution, noting that it found the university in continuous breach of the directive on …
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The President of the Dangote Group, Mr. Aliko Dangote, explains why he jettisoned the easy way of making money from buying and selling of commodities to venture into the much challenging business environment of manufacturing Nigeria. He also speaks on what the African Continental Free Trade Area (AfCFTA) agreement means …
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The Federal Government has disclosed plans to raise $3bn from Eurobond sales in the second week of October. The Minister of Finance, Budget and National Planning, Zainab Ahmed, who disclosed this during an interview on Bloomberg TV on Thursday said that the $3bn constituted half of the amount needed from …
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Nigerian company to export syringes to Germany – Official In a move that could become a major boost to the Nigerian economy, a syringe manufacturing company in the country is set to export its products to Germany. The company, Jubilee Syringe Manufacturing Ltd, is based in Akwa Ibom State, …
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Following his stunning return to Manchester United, Cristiano Ronaldo now has the fastest-selling shirt in Premier League history, Insidenaija has learned. Lionel Messi finally left Barcelona after 21 years at the club to join Paris Saint-Germain, while Cristiano Ronaldo has made a sensational return to Manchester United after ending his …
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The 36 states in Nigeria earned N5.30tn as internally generated revenue from 2016 to 2020. The states got N10.19tn from the Federation Accounts Allocation Committee within the time under review and borrowed N1.84tn from domestic sources. These figures were arrived at through analyses of IGR and FAAC data from the …
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