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Govt raises $4b Eurobonds to finance 2021 budget.

After two days of virtual meetings with investors, Nigeria has raised $4 billion through Eurobonds. A statement by the Debt Management Office (DMO) said: “The...

Total Nigeria completes name change

Total Nigeria Plc has formally concluded its change of name to TotalEnergies Marketing Nigeria Plc with the listing of the new name at the...

Why the naira is falling

It is no longer news that the plunging oil prices have increased pressure on the naira.Africa’s largest economy exports mostly crude oil, but it spends its foreign earned currencies on supplies...

Buhari seeks Senate’s approval for $4bn, Euro 710m external loan

President Muhammadu Buhari has urged the Senate to approve a fresh loan of $4,054,476, 863.00, Euro 710million and a grant of $125million to finance...

With N4.6trillion Asset deficiency, NNPC financial troubles far from over —Auditors warn

Despite a well-publicized declaration of Profit After Tax (PAT) of N287 billion, the Nigerian National Petroleum Corporation (NNPC) is still mired in financial difficulties. The NNPC released...

FG, Wike Put Nigeria’s Federalism On Trial Over VAT Collection —Experts, Lawyers

NIGERIA’S federal structure appears on trial again, following the judgment of the Federal High Court sitting in Port Harcourt, granting the Rivers State government...

57,000 Personnel to Benefit From Work At Refinery Site – Dangote

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has unveiled plans to increase the human capacity at the Dangote Refinery Project site from 40,000...

Nigeria’s GDP records 5% growth for second quarter

Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the second quarter of 2021, the National Bureau of Statistics (NBS)...

States get budget transparency condition to access World Bank’s $750m

The sum is tied to the State Fiscal Transparency, Accountability, and Sustainability (SFTAS) Programme designed to strengthen states Fiscal transparency, accountability and sustainability. Its primary...

Nigeria’s Capital Importation Falls To $875.62 Million (Q2, 2021)- NBS

The latest report by the National Bureau of Statistics (NBS) has shown that the total value of capital importation into Nigeria declined to $875.62...

Ecobank announces zero fees for transactions on Rapidtransfer

Ecobank Nigeria has announced that it is joining the rest of the country to celebrate Nigerians in the diaspora by making transactions on its...

Nigerian Government Partners With UAE To Track Illegal Gold Trade

The Federal Government in partnership with the United Arab Emirates (UAE) has agreed to track the huge illegal movement of gold from Nigeria to...

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