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54% of Nigerians Receive Remittances – NBS
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Large share of households – 54.0 percent report receiving remittances in Nigeria according to the latest living standards survey released by the National Bureau...
More Foreign Firms to exit Nigeria as Economic Conditions Worsen
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Several foreign companies might exit Nigerian market given the recent devaluation of the currency which has caused increases in the shelf prices of their...
Charts Show Bearish Signs on NSE as Rout Set to Accelerate
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Nigerian Stock Exchange (NSE) listed Stocks have broken below the 50 day moving average trend line a bearish indication that may signal more selloff...
Dangote Cement Facing 130 Legal Cases with Combined Monetary Value of N79.1bn
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Reports of Dangote Cement trucks allegedly running over and killing people all over the country may be coming back to bite the cement maker...
Mixta Real Estate Short Duration Bonds to Test Developer Amid Lockdowns
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With lockdowns enacted in Nigeria’s 2 largest cities that lasted up to 2months, home builders are being pushed to the brink because they can’t...
CBN Net Overdrafts to FG Surges to N2.44 trillion as Revenues Collapse
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The Central Bank of Nigeria (CBN) net overdrafts extended to the Federal Government (FG) surged to N2.44 trillion at the end of 2019 as...
Cheapest Apartments at Ilubirin Foreshore to cost N89 million
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The cheapest Apartments in the ilubirin Foreshore development housing project which started out as a Lagos State project to provide Cheaper housing to the...
Hushpuppi Makes First U.S. Court Appearance, Defrauded N.Y Lawfirm of $922,857
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Ramon Olorunwa Abbas, 37, a.k.a. “Ray Hushpuppi” and “Hush,” a Nigerian national, arrived in Chicago Thursday evening after being expelled from the United Arab...
Nigeria SWF Profit Down 27% on Lower FX Gains, Higher Opex
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The Nigeria Sovereign Investment Authority (NSIA), which manages the nations Sovereign Wealth Fund (SWF) has just reported Full Year 2019 numbers showing a 27...
GenCos N1trn Debt May Foil Plans to improve Power Supply
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In recent times, there has been an Impasse on a planned tariff increment between Power Distribution Companies DisCos and Generating Companies or GenCos.
The DisCos...