Business News
Business and economic news from Nigeria and around the world.
Here is how much DMO raised to finance Nigeria’s 2018 budget
DMO has raised N410 bn from the domestic capital market.
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MTN just secured a ₦200 billion loan from these 12 banks
The loan is expected to facilitate the telco's expansion drive.
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NNPC partners foreign investors for new brownfield refinery
In a bid to end the era of petroleum products importation, the Nigerian National Petroleum Corporation (NNPC) has announced plans...
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GTBank sets target income from increasing loan book
This development follows the tier 1 bank's credit decline in the first half of 2018.
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Inflation rate drops for the 18th consecutive time
Inflation increased by 11.14% (year-on-year) in July 2018 which is 0.9% less than the recorded rate in June, 2018 (11.23%).
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Transcorp Plc: In the middle of a rebound
Transcorp Plc is in line to beat its 2017 performance going by its results for the half year ended June...
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Bears maintain hold as the NSE closes in the red
The Nigerian Stock Exchange (NSE) maintained its negative sentiments as the All Share index closed at 35,228.23 basis points down 0.35% . Year to...
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FIRS cracks down on several companies over tax default
FIRS sealed the premises of Oba Otudeko's head office over tax default.
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FBI alerts banks around globe over imminent cyber attacks
FBI has warned all banks across the globe of an imminent threat.
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