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Business and Economy

Maritime: Africa ready to engage the world on equal terms – Dakuku …Charges foreign investors to tap into African Maritime industry for mutual benefits

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that Africa is ready to engage on equal terms with the rest of the world in the area of maritime businesses. Dakuku who made this known at the Nor-Shipping 2017 event holding at …

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Lagos, Gauteng Province have capacity to drive economic growth in Africa – Ambode …Mulls Partnership on trade, capacity building, manufacturing, others …To sign MoU in Johannesburg by September

  Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday said that the State and the Province of Gauteng in South Africa both possess the capacity to drive the desired industrial and economic growth in the African continent. Governor Ambode, who addressed Government House Correspondents shortly after a meeting with the …

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Forex: CBN lifts Market with $482.6m …Retail SMIS receives $286m; …Wholesale segment gets $100m; …SMEs receive $52m; …BTA/PTA get $45m

 In the first trading day after the Democracy Day celebrations, the Central Bank of Nigeria (CBN) on Tuesday, May 30, 2017, intervened in the inter-bank market to the tune of $482.6 million, underlining its determination to guard the international value of the naira. A breakdown of Tuesday’s interventions indicates that …

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Nestle Nigeria will continue to create shared value – Alarcon

Managing Director of Nestle Nigeria Plc, Mr. Mauricio Alarcon, has reassured that  the largest Nutrition, Health and Wellness company, would continue to work alongside partners to create shared value – contributing to society while ensuring long term success of its business. Mr. Alarcon, who said this at the 48th Annual General Meeting, …

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Gateway Trade Fair: OGUNCCIMA lauds Dangote Group’s collaboration…As Group’s subsidiaries offer products at subsidised prices

    The Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has commended the Pan African Conglomerate, Dangote Group (www.Dangote.com) for its giant strides in the economic development of the country through massive investments in several sectors of the economy describing the feat as worthy of emulation by …

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Nigerian banks are not creating wealth, they’re chasing deposits, says Umahi

 Governor David Umahi of Ebonyi State has challenged banks in Nigeria to create wealth instead of degenerating into only issues of depositing money in the banks. Umahi made his feeling known during an interactive meeting he had with CBN Financial inclusion strategy Implementation team at  the Government House,Abakaliki on Thursday. …

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