Oil Slides as OPEC+ Keeps 2024 Demand Forecast

Oil Slides as OPEC+ Keeps 2024 Demand Forecast Oil prices moved lower early on Tuesday in the global commodity market as the Organisation of Petroleum Exporting Countries and allies  (OPEC+)…

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Jaiz, Taj, Lotus Bank Recapitalisation to Drive Islamic Finance Growth

Jaiz, Taj, Lotus Bank Recapitalisation to Drive Islamic Finance Growth The decision to double capital base of Nigeria Islamic lenders: Jaiz bank plc, Taj Bank and Lotus Bank Limited are…

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Electricity Subsidy Now N1trn -Minister

Electricity Subsidy Now N1trn -Minister Mr Adebayo Adelabu, Minister of Power, said that the introduction of band A with a higher tariff has reduced electricity subsidy to N1 trillion from…

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Trade Modernisation Project’ll Ease Technology Transfer to NCS Personnel- Official

Trade Modernisation Project’ll Ease Technology Transfer to NCS Personnel- Official The Trade Modernisation Project (TMP), of the Nigeria Customs Service (NCS), is designed to ease the transfer of technological knowledge…

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Fitch Removes FCMB from Rating Watch Negative

Fitch Removes FCMB from Rating Watch Negative Fitch Ratings has affirmed First City Monument Bank Limited’s (FCMB) Long-Term Issuer Default Rating (IDR) at ‘B-‘ and National Long-Term Rating at ‘BBB+…

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Tolaram Acquires 58.02% Diageo’s Shareholding in Guinness Nigeria

Tolaram Acquires 58.02% Diageo’s Shareholding in Guinness Nigeria Diageo on Tuesday sold its majority shareholding in Guinness Nigeria PLC, which produces and distributes Guinness in Nigeria, to Tolaram, according to…

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Company Tax for Q1 2024 Stands at N984.61bn- NBS

Company Tax for Q1 2024 Stands at N984.61bn- NBS The nation’s aggregate Company Income Tax (CIT) for Q1 2024, is reported to be N984.61 billion, the National Bureau of Statistics…

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Global Growth Stabilising First Time in 3-Year –World Bank

Global Growth Stabilising First Time in 3-Year –World Bank The global economy is expected to stabilize for the first time in three years in 2024—but at a level that is…

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Nigeria Generates N1.43trn VAT in Q1 2024

Nigeria Generates N1.43trn VAT in Q1 2024 The National Bureau of Statistics (NBS), said the aggregate Value Added Tax (VAT) stood at N1.43 trillion in Q1 2024. This is according…

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Airtel Africa, Network International Partner on Payment Processing

Airtel Africa, Network International Partner on Payment Processing Airtel Africa, a telecoms and mobile money services company, has partnered the Network International, an enabler of digital commerce across the Middle…

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