President Bola Ahmed Tinubu has called on the Central Bank of Nigeria (CBN) to create an endowment fund dedicated to…
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OMO Repayments Drive Banks’ Deposits with CBN to Historic N5.5trn
Open Market Operations (OMO) repayments have significantly boosted commercial banks’ deposits with the Central Bank of Nigeria (CBN), hitting a…
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Nigeria Earns N371bn from Petrol Exports Despite Dependence on Imports
Nigeria recorded petrol export earnings of N371 billion in recent months, even as the country continues to rely heavily on…
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Oil Sector Disruption as PENGASSAN Strike Forces Shutdown of NNPC, NUPRC, NMDPRA Offices
Nigeria’s oil and gas industry was thrown into turmoil on Monday as the Petroleum and Natural Gas Senior Staff Association…
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Ex-Lawmaker Shehu Sani Appeals to Dangote Refinery to Recall Dismissed Workers
Former Kaduna Central Senator, Shehu Sani, has called on the management of Dangote Refinery to reconsider the recent dismissal of…
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Experts Warn Tractor Deficit Threatens Nigeria’s Food Security
Agriculture experts have raised alarm over Nigeria’s acute shortage of tractors, warning that the deficit poses a major threat to…
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Dangote Refinery Restructures Staff Amid Sabotage Concerns, Dispels Mass Layoff Claims
The management of Dangote Refinery has announced a reorganisation of its workforce following what it described as acts of sabotage…
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Naira Strengthens to 15-Month High at ₦1,490/$ on Parallel Market
The naira appreciated to a 15-month high of ₦1,490 per dollar on the parallel market on Wednesday, buoyed by reduced…
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CBN Reports Record Bank Deposits Following Interest Rate Reduction
The Central Bank of Nigeria (CBN) has announced that commercial banks recorded historic levels of customer deposits in the wake…
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Banking Stocks Surge as Interest Rate Cut Fuels Profit Optimism
Banking sector stocks staged a rebound on Thursday, driven by investor confidence that lower benchmark rates will boost profitability in…
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