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Nigeria’s VAT rises to N781.35bn in second quarter – NBS

THE National Bureau of Statistics (NBS) has reported an increase in value-added tax (VAT) from N709.59 billion in the...
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GTCO battles N82.96bn loan impairment despite flouting CBN’s policy

GUARANTY Trust Holding Company Plc (GTCO), in the first half of its 2023 financial year, incurred N82.96 billion in loan impairment...
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Dangote seals merger deal offers compensation to investors

AS an internal restructuring to be executed through a merger scheme, Dangote Sugar Refinery Plc said it had reached...
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MTN raises N125bn commercial paper as company’s debt financing surged by 161.81%

FACED by huge finance costs, MTN Nigeria Communication Plc said it had raised N125 billion via its Series 6...
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Honeywell flour mills sustains loss on lower sales volume, higher finance cost

HONEYWELL flour mills Plc, a consumer goods company operating in Nigerian food products, sustained a loss in the first...
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Four sectors slide into recession as Nigeria’s economy drops by 2.51% 

FOUR critical sectors of the Nigerian economy slid into recession as the gross domestic product (GDP) fell by 2.5...
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