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FG to sell off 36 assets to plug revenue gap

Posted by Gideon Ayogu
|Date: July 14, 2021
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FG to sell off 36 assets to plug revenue gap

The Federal Government (FG) is set to sell off or lease 36 state-owned assets to private investors in a m ...

The Federal Government (FG) is set to sell off or lease 36 state-owned assets to private investors in a measure aimed at shoring up revenues. 1st News reports that Nigeria is currently battling a huge ...

July 14, 2021
| by Gideon Ayogu

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Emirates extends flight embargo on Nigeria to July 21

Posted by Gideon Ayogu
|Date: July 13, 2021
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Emirates extends flight embargo on Nigeria to July 21

National carrier of the United Arab Emirates (UAE) and Dubai-based airline, Emirates has extended the sus ...

National carrier of the United Arab Emirates (UAE) and Dubai-based airline, Emirates has extended the suspension on flights to and from Nigeria until Wednesday, July 21, 2021. Also affected in the ext ...

July 13, 2021
| by Gideon Ayogu

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MultiChoice faces troubled waters as shares tumble over likely shutdown by Nigerian tax authorities

Posted by Gideon Ayogu
|Date: July 09, 2021
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MultiChoice faces troubled waters as shares tumble over likely shutdown by Nigerian tax authorities

Africa’s leading pay-TV provider, MultiChoice is facing potentially stormy waters after the company’s Joh ...

Africa’s leading pay-TV provider, MultiChoice is facing potentially stormy waters after the company’s Johannesburg-listed shares tumbled by close to 8%, following news that the Nigerian Federal Govern ...

July 09, 2021
| by Gideon Ayogu

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Nigeria opts out from signing lucrative global tax deal on multinationals endorsed by 130 countries

Posted by Gideon Ayogu
|Date: July 02, 2021
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Nigeria opts out from signing lucrative global tax deal on multinationals endorsed by 130 countries

Nigeria has opted out from signing a 15% global tax deal to be imposed on multinationals. 1st News report ...

Nigeria has opted out from signing a 15% global tax deal to be imposed on multinationals. 1st News reports that the tax deal was signed by about 130 countries in the world. The deal was proposed by US ...

July 02, 2021
| by Gideon Ayogu

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Naira rebounds slightly as forex dealers urged to stop hoarding dollars

Posted by Gideon Ayogu
|Date: June 19, 2021
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Naira rebounds slightly as forex dealers urged to stop hoarding dollars

The national currency, the Naira, has rebounded slightly after its seeming freefall. 1st News reports tha ...

The national currency, the Naira, has rebounded slightly after its seeming freefall. 1st News reports that the development comes as the Association of Bureaux de Change Operators of Nigeria formally a ...

June 19, 2021
| by Gideon Ayogu

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Insecurity: MTN Nigeria warns of service disruption

Posted by Gideon Ayogu
|Date: June 16, 2021
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Insecurity: MTN Nigeria warns of service disruption

MTN Nigeria, one of the country’s biggest telecoms operator, has warned of a potential disruption in serv ...

MTN Nigeria, one of the country’s biggest telecoms operator, has warned of a potential disruption in service due to rising insecurity. The development comes against the backdrop of a worrisome wave of ...

June 16, 2021
| by Gideon Ayogu

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Malabu oil scandal: Italy investigating prosecutors

Posted by Gideon Ayogu
|Date: June 16, 2021
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Malabu oil scandal: Italy investigating prosecutors

The last may not have been heard of the Malabu oil scandal involving two oil majors, Shell and Eni in Nig ...

The last may not have been heard of the Malabu oil scandal involving two oil majors, Shell and Eni in Nigeria. The Italian Ministry of Justice has ordered an inquiry into the conduct of two prosecutor ...

June 16, 2021
| by Gideon Ayogu

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NNPC eyes 20% stake in Dangote Refinery

Posted by Gideon Ayogu
|Date: May 29, 2021
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NNPC eyes 20% stake in Dangote Refinery

The Nigerian National Petroleum Corporation (NNPC) is believed to be interested in acquiring a stake in D ...

The Nigerian National Petroleum Corporation (NNPC) is believed to be interested in acquiring a stake in Dangote Refinery. The 650,000 barrels per day (bpd) refinery is expected to become Africa’s bigg ...

May 29, 2021
| by Gideon Ayogu

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Ekeh, Zinox boss, sues for peace in Imo state

Posted by Lilian Osigwe
|Date: May 26, 2021
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Ekeh, Zinox boss, sues for peace in Imo state

Serial digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh has called on all aggrieved parties ...

Serial digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh has called on all aggrieved parties in Imo State to embrace peace, noting that no form of progress can take place in an atmosphere ...

May 26, 2021
| by Lilian Osigwe

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CBN devalues Naira again, adopts Nafex rate

Posted by Gideon Ayogu
|Date: May 26, 2021
| 0 comments

CBN devalues Naira again, adopts Nafex rate

The Central Bank of Nigeria (CBN) has once again devalued the local currency, the Naira. 1st News reports ...

The Central Bank of Nigeria (CBN) has once again devalued the local currency, the Naira. 1st News reports that the CBN devalued the naira by 7.6% against the dollar. The move comes as Nigeria’s apex b ...

May 26, 2021
| by Gideon Ayogu

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