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Firms Consume 85,264.8MT Of Gas In August
The Petroleum Products Pricing Regulatory Agency has said that a total of 85,264.8 Metric Tonnes of Liquefied Petroleum Gas consumed in the country in August. This was stated in a statement signed by its Executive Secretary, Abdulkadir Saidu. Of the total 85,264.803 metric tonnes supplied nationwide, 38,040.457MT of the total volume supplied was sourced locally,…
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58 Companies pay N733b Dividend In 2021
No fewer than 58 organizations– including MTN Nigeria Communications Plc, Dangote Cement Plc, GTCO Plc– have paid their investors over N732.91 billion as dividends year-to-date. Dividends are a company’s way of sharing its profits with investors who retain the organisation’s stocks over a holding period up to a qualifying date. According to a statement released…
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Nigeria debt Stock Hits N2.36tn In 3 Months
The total public debt stock of Nigeria has risen from N33.11 trillion as of March 31, 2021 to N35.47.trillion as of June 30, 2021. This shows an increase of N2.36 trillion or 7.13 percent within three months This was disclosed by the Director General of the Debt Management Office, Patience Oniha, who provided a breakdown…
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Non-performing Loans Decline 0.1%
The non-performing loans in the banking sector have slightly declined from 5.8 per cent in May to 5.7 per cent in June. This, according to the Central Bank of Nigeria showes more resilience in the banking sector. CBN disclosed this in the personal statements of members of the Monetary Policy Committee. According to a member…
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‘Nigeria Has 20% Women In Executive Level’
‘Nigeria has 20% women in executive level’ Analysis from a report has shown that Nigeria might be moving towards a balance in gender equality as the average percentage of women at the executive level is 20 percent. This is higher than the global average of 17 percent. The report was published by the International Finance…
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Domestic Aircraft Movement Drops by 28.5%
Data from the Nigerian Civil Aviation Authority have shown that the harmonised domestic aircraft movement in Nigeria slumped by 28.5 percent in 2020. NCAA data, the air industry apex regulator, showed that there was a steady increase in the aircraft movement from 2017 to 2019 at the airports, including Lagos, Abuja, Port Harcourt, Enugu, and…
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Nigeria Records N1.8 trn Trade Deficit In Q2’21
The National Bureau of Statistics has said that Nigeria recorded a trade deficit of N1.8 trillion in the second quarter of the year. This is coming despite the foreign trade rose by 23 percent to N12 trillion from N9.8 trillion in Q1’21. The bureau disclosed this in its Foreign Trade in Goods Statistics Report for…
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Railway Services Generate N2.1bn Revenue In 6 Months
Between the first and second quarters of 2021, the Nigerian Railway Corporation has generated N2.1 billion as revenue from passengers and cargo. The National Bureau of Statistics stated this in its latest report, titled: “Rail Transportation Data Q2.” According to the report, NRC generated N1.08 billion from passengers in Q2 2021 against N892.47 million in…
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Aluminium Prices Surges To A 10-Year High As Conflict In Guinea Grows
Aluminium prices have climbed to the highest in more than a decade as political unrest in Guinea fuels concerns over the supply of raw material needed to make the metal. On Monday, prices of aluminium in London notched a fresh 10-year high and futures in China climbed to the highest since 2006 following a coup…
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Nigeria Records N1.76tn Revenue Shortfall In 6 Months
The Federal Government reported a revenue shortfall of N1.76 trillion in the first half of this year. According to a revenue performance report, obtained from the Budget office of the federation, the Federal Government’s projected revenue for the 2021 fiscal year was N7.9 trillion, of which N3.9 trillion was earmarked as pro rata target for…