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Notore shuts down 500,000mtpa fertiliser plant in Onne ahead of maintenance

    Notore shuts down 500,000mtpa fertiliser plant in Onne ahead of maintenance

Notore Chemical Industries Plc has shut down its 500,000 metric tonnes per annum (MTPA) fertiliser plant in Onne, Rivers state ahead of its turnaround maintenance (TAM). In a statement issued

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Food inflation records highest jump since 2016

    Food inflation records highest jump since 2016

Nigeria’s food inflation increased by 1.26 percent on a year-on-year basis from 18.30 percent in November 2020 to 19.56 percent in December. This is according to the December 2020 consumer

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Stanbic IBTC discontinues BDC operations

    Stanbic IBTC discontinues BDC operations

Stanbic IBTC Holdings Plc says its bureau de change subsidiary, Stanbic IBTC Bureau de Change (SIBC), has relinquished its operating licence and discontinued operations. According to a statement signed by

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NBS: Nigeria’s public debt increased by N6trn in one year

    NBS: Nigeria’s public debt increased by N6trn in one year

The National Bureau of Statistics (NBS) says Nigeria’s total public debt stock as of third quarter of 2020 (Q3 2020) increased by N6.01 trillion within a year. According to the

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Sokoto tops list as FG disburses N123bn World Bank fiscal transparency grant to states 

    Sokoto tops list as FG disburses N123bn World Bank fiscal transparency grant to states 

The federal government has disbursed N123.34 billion performance-based grant to eligible states under the World Bank supported states fiscal transparency,

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NRC testing Abuja-Kaduna rail e-ticketing platform — to launch next week

    NRC testing Abuja-Kaduna rail e-ticketing platform — to launch next week

Rotimi Amaechi, the minister for transportation, says the Nigerian Railway Corporation (NRC) is only running a test of the electronic

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FG spent 89% of revenue on debt servicing in 11 months

    FG spent 89% of revenue on debt servicing in 11 months

The federal government (FG) expended a total of N3.10 trillion on debt servicing for the 11 months (January- November) 2020,

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Dangote Cement pays investors N9.7bn in first share buyback programme

    Dangote Cement pays investors N9.7bn in first share buyback programme

Dangote Cement, Nigeria’s biggest company by market capitalisation, has announced the completion of the first tranche of its share buyback

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Kano DisCo asks customers to pay N17.5bn outstanding electricity bill

    Kano DisCo asks customers to pay N17.5bn outstanding electricity bill

The Kano Electricity Distribution Company (KEDCO) says customers in its franchise areas owe the firm N17.5 billion unpaid electricity bills

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