Business and Economy

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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Expression of interest for bitumen to commence by June- Fayemi

 Expression of interest by prospective investors in the country’s bitumen project would commence within the next three months, the Minister…

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Fashola assures of payment of debts incurred by State govts. on reconstruction of federal roads

  Works, Housing and Power Minister, Mr. Babatunde Fashola has assured that the Federal Government has begun the process of…

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FG moves to halt export of unprocessed minerals – Minister

The Federal Government has commenced moves aimed at making it an offence for anyone to take unprocessed minerals out of…

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