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UPDATED: FEC approves N2.3 trillion stimulus plan for Nigerian economy

The FEC approved the N2.3 trillion stimulus plan at its meeting on Wednesday. The post UPDATED: FEC approves N2.3 trillion stimulus plan for Nigerian economy appeared first on Premium Times Nigeria.

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Nigeria to raise N3.2 trillion to combat COVID-19 pandemic

The Fund will, amongst others, be utilised in the upgrade of Healthcare facilities as identified by the Presidential Task Force on COVID-19 and approved by the President. The post Nigeria to raise N3.2 trillion to combat COVID-19 pandemic appeared first on Premium Times Nigeria.

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Bankers’ committee back CBN’s N3.5 trillion stimulus for economy

The committee urges oil companies, others to sell FOREX to CBN and not NNPC. The post Bankers’ committee back CBN’s N3.5 trillion stimulus for economy appeared first on Premium Times Nigeria.

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NSE market capitalisation gains N2.22 trillion in seven days

Ambrose Omordion, the Chief Operating Officer, InvestData Ltd, attributed the growth to activities of investors who anticipate higher dividend yields. The post NSE market capitalisation gains N2.22 trillion in seven days appeared first on Premium Times Nigeria.

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FAAC: Nigerian govt, states, LGs, others share N2.3 trillion – NEITI

The review said that most states’ budgets will be ‘underfunded’ this year. The post FAAC: Nigerian govt, states, LGs, others share N2.3 trillion – NEITI appeared first on Premium Times Nigeria.

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NSE: Market capitalisation closes lower at N12.878 trillion

The All-Share Index lost 15.91 points or 0.06 per cent to close at 26,456.29 in contrast with 26,472.20 achieved on Wednesday. The post NSE: Market capitalisation closes lower at N12.878 trillion appeared first on Premium Times Nigeria.

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2020 Budget: Fresh borrowing to raise Nigeria’s public debt to N27 trillion

Nigeria intends to finance some of its projects in 2020 from borrowings. The post 2020 Budget: Fresh borrowing to raise Nigeria’s public debt to N27 trillion appeared first on Premium Times Nigeria.

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INVESTIGATION: Jonathan, Buhari spent N1.164 trillion on power in 8 years, yet Nigeria remains in darkness

The two past administrations invested another N1.164 trillion into the power sector through capital releases, yet homes and factories in Nigeria are yet to be provided constant electricity supply. The post INVESTIGATION: Jonathan, Buhari spent N1.164 trillion on power in 8 years, yet Nigeria remains in darkness appeared first on Premium Times Nigeria.

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Contract Violation: Nigeria vows to resist enforcement of N3.2 trillion judgement after British court ruling

The Nigerian government described the ruling as “completely wrong and obviously unjustifiable.” The post Contract Violation: Nigeria vows to resist enforcement of N3.2 trillion judgement after British court ruling appeared first on Premium Times Nigeria.

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National oil companies with $3.1 trillion in assets dangerously under-scrutinised – NRGI

Research done using the new open National Oil Company Database revealed that many state enterprises fail to disclose information critical to the oversight of public revenues. The post National oil companies with $3.1 trillion in assets dangerously under-scrutinised – NRGI appeared first on Premium Times Nigeria.

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NSE market capitalisation drops below N11 trillion mark

The All-Share Index, which opened at 29,616.38, shed 454.14 or 1.53 per cent to close at 29,162.24. The post NSE market capitalisation drops below N11 trillion mark appeared first on Premium Times Nigeria.

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