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Court dismisses suit to stop MTN IPO

On Monday, the Court of Appeal dismissed an application filed by one Dr Charles Mekwunye to prevent the listing of shares of telecoms carrier MTN on the Nigerian Stock Exchange.

NLPGA: Nigeria’s LPG sector to record $10 billion growth in 8 years

President of the Nigeria Liquefied Petroleum Gas Association, NLPGA, Mr. Nuhu Yakubu, has predicted the nation’s LPG sector to record $10 billion growth in the next eight years.

US oil hurts Nigeria, OPEC in Europe

US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria.

Winifred Oyo-Ita blames DisCos for power failures

The Head of Civil Service of the Federation, Mrs. Winifred Oyo-Ita, on Monday heaped the blame for persistent power failures in homes across the country on the electricity distribution companies.

Nigerian Stock Exchange resumes on downward trend, down by 0.12%

The Nigerian Stock Exchange (NSE) market indices resumed for the week on Monday on a negative trend dropping by 0.12 per cent.

Power supply: TCN inaugurates 100MVA transformer

The management of Transmission Company of Nigeria (TCN), on Monday inaugurated 100 MVA transformer at Alimosho substation, Lagos to boost electricity supply to residents within Ikeja Disco.

Federal government targets fresh investments in auto sector

The Federal Government is targeting fresh investments in the auto industry through the National Automotive Industry Design and Development Bill.

Lagos ports to receive 35 ships laden with petroleum products, food items

Thirty-five ships laden with petroleum products, food items and other goods are expected to arrive the Apapa and Tin Can Island Ports in Lagos from April 23 to May 6.

Iran bans bitcoin, other cryptocurrencies

Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology.

World Bank: Diaspora Nigerians send $22 billion home

Diaspora Nigerians wired $22 billion home in 2017, an African record and the fifth largest remittance by immigrants, according to the World Bank.

IMF expresses concern over Nigeria’s ability to service external loans

The International Monetary Fund (IMF) has expressed concern over Nigeria’s ability to service its external loans estimated at over $18.9billion, given its mono-product economy status and low revenue base.

IMF acknowledges central bank’s monetary policy success

The Central Bank of Nigeria (CBN) is relishing the success of its monetary policy, especially regarding the foreign exchange, as the efforts have been finally acknowledged by the international financial community.

IMF unveils new corruption policy for member states

The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday.

Nigeria’s external reserves hit $47.93 billion

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Sunday disclosed that the nation’s foreign reserves has hit US$47.93 billion.

SEC moves to halt growing de-listing of quoted companies

Uduk, who said that some companies had complained of tax issues, however gave the assurance that the commission would engage the government to address the issue, in addition to expecting the CMC to come up with recommendations on this.

IMF: Nigeria opts out of AfCFTA despite huge benefits to region

The International Monetary Fund (IMF) has said in spite of Nigeria, Africa’s biggest economy, opting out of signing on to the African Continental Free Trade Area (AfCFTA), the benefits of the trade pact to the region are still enormous.
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Video: How to attract more investment to Nigeria – Emir Sanusi

The Emir of Kano, Muhammadu Sanusi II, has called for attitudinal change to attract more foreign direct investment into Nigeria.

Senator Udoma: Rate of economic growth still too slow

The minister of budget and national planning, Senator Udoma Udo Udoma, says the rate of economic growth in Nigeria is still too slow.

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Donald Trump praises North Korea’s Kim Jong-un as ‘very open’, ‘very honourable’

U.S. President Donald Trump on Tuesday described North Korean leader Kim Jong Un as “very open” and “very honourable,” saying Pyongyang was keen on a meeting “very soon.”

University of Ibadan withdraws 408 students for poor performance

No fewer than 408 students of the University of Ibadan have been asked to withdraw from the Premier University for failure to meet the minimum academic requirements to stay in the University.

Super Eagles will be ready for England friendly – skipper

Midfielder Mikel Obi says the Super Eagles will be at their best for the prestige international friendly match against England at Wembley Stadium in London on June 2.

NIS will no longer issue passport without national identification number – Mohammed Babandede

The Nigerian Immigration Service (NIS) says those who do not have national identity card number will no longer be eligible for international passport.