Category: News

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FG’ll open power market to new investors – Osinbajo

100 ViewsThe Federal Government is creating policies that will open up the nation’s electricity market to new investors in generation, transmission and distribution infrastructure, the Vice President, Prof. Yemi Osinbajo has said. Osinbajo said...

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Lending: Banks race to beat CBN’s deadline

45 ViewsBanks are in a race to beat the September 30 deadline given by Central Bank of Nigeria (CBN) to implement the 60 per cent minimum Loan to Deposit Ratio (LDR) policy. They are...

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Moody’s: Nigeria Has Less Flexibility to Cut Spending

10 ViewsWhile most Sub-Saharan African (SSA) sovereigns plan to consolidate their budgets to stabilise debt, they are now more vulnerable to potential negative economic and financing because they are in a weaker fiscal position...

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Asia stocks nurse losses, bonds hold huge gains

4 ViewsAsian shares were heading for weekly losses on Friday as conflicting messages on the Sino-U.S. trade war only added to worries for the global economy, while talk of aggressive central bank stimulus drove...

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Senate frowns on bailout funds for power sector

10 ViewsThe total amount of energy on Nigeria’s power grid plunged by 1,669.6 megawatts in one day, as the Senate has kicked against the continuous disbursement of bailout funds by the Federal Government to...