Business and Economy

NDDC, Ondo State Government sign MoU on road development

  The Niger Delta Development Commission (NDDC) and the Ondo State Government have signed a Memorandum of Understanding for the…

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Forex: Dealers subscribe fully to CBN’s $150m wholesale offer …CBN sells $10,000 to BDCs …CBN to meet forex requests of Airlines, manufacturing, agric, petroleum sectors

  Authorised foreign exchange dealers have fully subscribed to the $150 million offered by the Central Bank of Nigeria (CBN)…

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Mining: FG tasks operators on beneficiation

  The Federal Government has urged mining operators in the country to focus more on beneficiation against shipment of raw…

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Bilateral Trade : Ambode seeks partnership with Israel on agric, technology

Lagos State Governor, Mr Akinwunmi Ambode on Monday expressed the readiness of the State Government to tap into the agricultural…

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CBN boosts forex supply by $240m …$150m for wholesale auction …$90m for BTA, PTA, medicals, etc. …Adjusts $10,000 BDC sale to Tuesdays only …Directs banks to pay cash to desiring customers OTC

  The Central Bank of Nigeria (CBN) on Monday, April 3, 2017, released the sum of $90 million to meet requests…

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NIMASA calls for urgent removal of abandoned ships, wrecks … Warns erring owners risk sanctions.

In a bid to ensure safe and secure shipping on the Nigerian territorial waters, the Nigerian Maritime Administration and Safety…

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SPDC links LiveWIRE beneficiaries to $.8m growth fund

Twenty-eight beneficiaries of the Shell Nigeria LiveWIRE programme are now retooling to get a good share of the $800,000 growth…

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FOREX: CBN set to inject more Dollars into market

There are strong indications that the Central Bank of Nigeria (CBN) is again set to further inject more foreign exchange into…

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Itsekiri politicians stall NDDC projects, sabotage development

Major stakeholders from Itsekiri ethnic nationality have decried the attitude of some politicians from the area who hinder development of…

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‘There’s adequate Forex for PTA, BTA, tuition, medical fees,’ CBN insists; Releases phone line, email address for complaints

  The Central Bank of Nigeria, CBN, has described as “totally untrue” claims that there is insufficient foreign exchange in…

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Ugwuanyi laments FG’s abandonment of Enugu Trade Fair Complex; Puts smiles on face of pure water seller

  From; Madu Ezenoha, Enugu Enugu state Governor Rt. Hon. Ifeanyi Ugwuanyi at the weekend expressed displeasure over the federal…

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NSE boosts Demutualization as members endorse process

Members of the Nigerian Stock Exchange (NSE) Thursday appeared to have been finally resolved issues around demutualization as they unanimously…

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Wema Bank Board appoints Babatunde Kasali as Non-Executive Director

 The Board of Directors, Wema Bank Plc. has appointed Mr. Babatunde Kasali as a Non-Executive Director of the Bank following…

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Access Bank shareholders endorse N11.57 billion total dividend; Raise concern over regulators’- induced stress on companies

Access Bank Nigeria Plc has warned of the dangers of ongoing regulators induced stress in listed companies, as it may…

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GlaxoSmithKline grows profit by 335 percent

 GlaxoSmithKline Consumer Nigeria Plc has reported a 335 percent increase in its profit after tax for the 2016 financial year.…

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Finance Ministry unveils Management and Board members of Development Bank; Tony Okpanachi is MD/CEO

The Federal Ministry of Finance on Thursday, announced details of members of the board and management of the newly licensed…

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CBN increases Forex sale to Bureaux de Change (BDCs)

  In continuation of its determination to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN)…

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FGN Savings Bond listed on Nigeria Stock Exchange

The Nigeria Stock Exchange (NSE) Wednesday approved the listing of N2.067 billion Federal Government of Nigeria (FGN) Savings Bond on…

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London and Paris Club refund saga: Robert Mbonu was never MD of Heritage Bank

  Heritage Bank Plc has said that Mr Robert Mbonu, who has been linked with the alleged diversion of funds…

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NNPC’s recovery of crude swap under-deliveries: AITEO settles $202 million outstanding obligations

In line with its pledge to provide members of the public with periodic updates on its recovery efforts for crude…

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CBN crashes Dollar to N360 for PTA, BTA, Tuition, Medical fees.

The Central Bank of Nigeria (CBN) has directed all banks to immediately begin sale of forex for BTA, PTA, Tuition…

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FOREX: Dealers pick $81.3m out of $100m offered by CBN

   Following Thursday’s FOREX wholesale auction, the Central Bank of Nigeria (CBN) on Friday, March 24, 2017, concluded transactions on…

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