Economy
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Breaking: Power restored hours after nationwide blackout in Nigeria
Electricity supply has been restored hours after a nationwide blackout due to the collapse of the national grid on Thursday.…
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Explosion at Kainji caused nationwide blackout – Power minister, Adelabu
Minister of Power, Adebayo Adelabu has disclosed the cause of the nationwide blackout that happened in the early hours of…
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Blackout as Nigeria’s electricity generation drops 93.5% to 273MW
Nigeria’s power supply dropped by 93.5 per cent to 273 megawatts, MW in the early hours of today, from 4,182MW…
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Fidelity Bank announces 100% acquisition of Union Bank
Fidelity Bank Plc has announced the completion of the acquisition of a 100% stake in Union Bank Plc. According to…
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Fake: CBN denies crashing forex to N1.25 against Dollar
The Central Bank of Nigeria (CBN) has denied claims that it would crash the exchange rate to N1.25/$1. On Wednesday,…
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NUPRC: 48 companies win bids for Nigeria’s gas flare sites
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday, disclosed that 42 companies have been awarded 49 gas flare sites in…
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2023 Budget in danger as crude output crashes by 470,000 bpd
Implementation of the 2023 budget of N21.8 trillion is currently threatened as the nation has suffered a shortfall in crude…
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Again, NLC threatens indefinite strike, gives one week ultimatum
•Giving a bag of rice to 12 people, N100m to each lawmaker insulting – Labour •Govt has absconded from negotiation…
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Save FX revaluation gains as buffer against economic shocks, CBN orders banks
The Central Bank of Nigeria, CBN, has ordered banks to save gains from foreign exchange (FX) revaluation as a buffer…
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Visa ban, four other things to know about Tinubu’s visit to UAE
President Bola Tinubu has met with the leadership of the United Arab Emirates in a bid to resolve the Emirates…
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