• Stock Market progresses with N67b gain

    Stock Market progresses with N67b gain0

    The bulls maintained their grip on the equity market on Wednesday following gains recorded majorly by blue-chip stocks as investors positioned to leverage undervalued stocks. The key market performance indicators, the Nigerian Stock Exchange All Share Index and market capitalisation, rose by 0.5 per cent as market sentiment extended gaining streak to fourth day following

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  • FG suffers N1tn revenue shortfall in five months

    FG suffers N1tn revenue shortfall in five months0

    FG suffers N1tn revenue shortfall in five months ‌ …projects N12.66tn expenditure The Federal Government on Monday released guidelines and instructions that must be followed by all its ministries, departments and agencies for the preparation of the 2021 budget proposal. In its 2021 Budget Call Circular from the country’s budget office sighted in Abuja, the

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  • FG to announce flight resumption date next week

    FG to announce flight resumption date next week0

    The Federal Government on Thursday said it would announce the date for the reopening of Nigeria’s airspace to commercial flight operations next week. It stated that the airports remained shut as some gaps in the aviation restart process had not been closed. The Director-General, Nigerian Civil Aviation Authority, Musa Nuhu, disclosed this during Thursday’s briefing

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  • Before airports, schools re-open

    Before airports, schools re-open0

    The Nigeria Civil Aviation Authority (NCAA), last week, suspended the planned resumption of domestic flights tentatively scheduled for June 21, 2020; citing the continued restriction on interstate movements as a reason. The agency said there was no way domestic airlines could resume operations if people would not be able to move freely from one state

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  • Reps probe N494bn alleged school-feeding funds fraud

    Reps probe N494bn alleged school-feeding funds fraud0

    Reps probe N494bn alleged school-feeding funds fraud The House of Representatives, yesterday, begun probe of over N494 billion budgeted from inception and the identity of the nine million pupils who benefited from the school feeding programme initiated by President Muhammadu Buhari’s administration in 2016. Chairman, House Committee on Public Accounts, Wole Oke, who decried the

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  • Naira slumps to 452/$ as speculations, debt weaken market

    Naira slumps to 452/$ as speculations, debt weaken market0

    Naira slumps to 452/$ as speculations, debt weaken market The dollar exchanged for N452 at the parallel market on Wednesday over speculations by operators in the market and the effect of the country’s rising foreign debt. The Central Bank of Nigeria resumed foreign exchange sales in April ending to commercial banks, to be made accessible

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