Business and Economy

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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Obi prescribes better way to spend Paris Club Refund

  The former Governor of Anambra State, Mr. Peter Obi, has opposed the use of the Paris Club refunds to…

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ISPS Code implementation : NIMASA DG assures of international best practices; Biometric ID card now compulsory for Port operations

      In spite of the success recorded in the Implementation of the International Ship and Port Facility Security (ISPS)…

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FOREX: CBN offers $100m…dealers fear further dollar crash

The Central Bank of Nigeria (CBN) on Thursday, March 23, 2017 offered the sum of $100 million to meet the…

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NDDC MD urge Niger Delta youths to emulate PANDEF on acceptable leadership * Commission to establish Niger Delta Devt Bank

The Managing Director/Chief Executive Officer of the Niger Delta Development Commission (NDDC), Mr. Nsima Ekere, has called on Niger Delta…

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Collaborate with state govts, host communities, Federal Govt. urges mining operators

  The Federal Government has urged operators in the mining sector to collaborate with state governments and the host communities…

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Mutual Benefits Assurance Plc assures of safety of customers’ funds, investments; Insists on zero tolerance for fraud

 Leading insurance company, Mutual Benefits Assurance Plc, has reassured that it has zero tolerance for fraud and would do everything…

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DMO and Strategy for Economic Recovery By Olu, Isaac

Perhaps at no time in the history of Nigeria has the Federal Government come under such intense pressure to deliver…

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CBN’s MPC retains interest rate at 14 percent; Blames adverse external and domestic conditions for complicated policy environment

The Central Bank of Nigeria, CBN, has risen from its Monetary Policy Committee meeting with the decision to retain the…

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Sokoto to recruit more agric extension workers

  Governor Aminu Waziri Tambuwal has given approval for the recruitment of additional extension workers to increase manpower and expertise…

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Paris Club refunds: Disbursement process is transparent – Adeosun

  The Minister of Finance has deemed it necessary to address the issue of Paris Club refunds and wishes to…

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FOREX: CBN lifts supply with $180m…invisibles get $80m

   The Central Bank of Nigeria (CBN) on Monday, March 20, 2017 offered a total of $180 million to meet…

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