Economy
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2019 audit report: N4.9trn not missing from federation account — auditor-general clarifies
Adolphus Aghughu, auditor-general for the federation (AuGF), says no money was missing from the federation account, clarifying his statement on…
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Oil price falls for sixth consecutive day amid spike in fresh COVID-19 cases
Crude oil prices have dropped for the sixth consecutive day — longest losing streak since February 2020 — amid spike…
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Falana: Petrol smuggling has official backing — NNPC must build filling stations in neighbouring countries
Femi Falana, a senior advocate of Nigeria (SAN), says the smuggling of petrol to neighbouring countries is “officially carried out”.…
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Twitter, digital platforms to pay tax as FIRS targets N10.1trn revenue in 2022
The Federal Inland Revenue Service (FIRS) has set a revenue target of N10.1 trillion for 2022. Mohammed Nami, executive chairman…
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Access Bank’s USSD security advancement protects customers against fraud
Seeking best-in-class ways to safeguard the resources of its customers, Access Bank PLC introduced the *901*911# USSD code, a solution…
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CBN secures order freezing Risevest, Bamboo accounts over ‘illegal FX transactions’
A federal high court in Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze accounts…
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Unity Bank Corpreneurship Challenge Produces 30 More Winners in 6th Edition
A total of thirty members of the National Youth Service Corps, NYSC, have won cash prizes and business grants totalling…
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Shell agrees to pay Ogoni people N45bn compensation — 11 years after judgment
The Shell Petroleum Development Company (SPDC) has agreed to pay the N45.9 billion awarded to the Ogoni people of Rivers…
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CBN recovers N89bn excess bank charges, others
*Says Nigeria’s financial system, sound, stable, resilient The Central Bank of Nigeria, CBN, has disclosed that it has so far…
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FEC approves $11bn for Lagos-Calabar coastal rail project
The federal executive council (FEC) has approved the sum of $11.17 billion for the Lagos-Calabar coastal rail project to link…
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