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AMCON redeems N867bn bonds

    AMCON redeems N867bn bonds

The Asset Management Corporation of Nigeria (AMCON) has repaid its N867 billion worth of bonds, cutting its liabilities to around N3 trillion. According to Reuters, said 30 per cent of

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44 companies sue FIRS over N1.15bn excess duties

    44 companies sue FIRS over N1.15bn excess duties

 Forty-four companies, including Continental Re-insurance Plc, have sued the Federal Inland Revenue Service (FIRS), demanding the refund of over N1.15 billion excess stamp duties paid to the agency. The appellants

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NSE, ASI dip by 1.13 per cent

    NSE, ASI dip by 1.13 per cent

Activities at the Nigerian Stock Exchange (NSE) ended on a negative note on Friday, as market indicators recorded a further depreciation of 1.13 per cent. The News Agency of Nigeria (NAN)

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NLNG to invest $12m in six Nigerian universities

    NLNG to invest $12m in six Nigerian universities

The Nigeria Liquefied Natural Gas Limited (NLNG) says it would invest a total of $12million in six universities across the country. According to the organisation, the move is part of

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Nigeria rises in 2015 World Bank ranking

    Nigeria rises in 2015 World Bank ranking

Nigeria moved up five positions in the latest 2015 Doing Business report released by the World Bank, ranking 170 out of

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Daily Newswatch returns as Newswatch Times

    Daily Newswatch returns as Newswatch Times

Less than two weeks after a court judgment sacked Jimoh Ibrahim, a top businessman, as publisher of Daily Newswatch newspaper,

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CBN halts sale of ‘intervention’ forex to BDCs by banks

The Central Bank of Nigeria (CBN) has barred commercial banks from selling CBN intervention funds in the interbank market to

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OPEC secretary urges calm on falling oil prices

    OPEC secretary urges calm on falling oil prices

Following the continuous drop in the price of oil in the international market, Abdullahi al-Badri, secretary general of the Organisation

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Fuel importation to continue for ‘at least 20 yrs’

    Fuel importation to continue for ‘at least 20 yrs’

Nigeria and other African countries will continue the importation fuel for the next 20 years, despite the possibility of building new refineries

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Nigeria, China trade hits N1.7 trillion in 7 months

    Nigeria, China trade hits N1.7 trillion in 7 months

The  trade volume between Nigeria and China in the last seven months hit a record  N1.7 trillion ($10.3 billion), Liu

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