Business and Economy

First Bank explains position on new CBN FX policy

First Bank Nigeria limited, lead subsidiary of FBN Holdings plc has clarified its stand on the newly introduced Central Bank…

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MPN donates N50 Million to professional bodies, NGOs in Akwa Ibom; Charges them to invest funds wisely

By Our Reporter Mobil Producing Nigeria, MPN, a subsidiary of ExxonMobil Corporation weekend, doled out over N50 million to twelve…

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Ikeja Electric urges customers to report unethical practices

 Ikeja Electric, Nigeria’s largest distribution company has launched a concerted effort aimed at curbing unethical practices across its network and…

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Zenith Bank posts 65% boost in Profit Before Tax ….Proposes N1.77 final dividend

Zenith Bank’s audited financial statement for the period ended December 31st 2016 released by the Nigerian Stock Exchange (NSE) Monday…

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NIMASA 2017 Budget targets strategic growth of Maritime industry – Dakuku; To position NIMASA as Africa’s foremost maritime Agency

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has disclosed that the Agency’s…

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Saraki’s made-in-Nigeria advocacy gets boost in Abuja

The Made-In-Nigeria Campaign of the Senate President, Dr. Abubakar Bukola Saraki, has gathered traction, as a retail industry group dedicates…

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Gov. Ugwuanyi empowers 1,200 Enugu traders yearly

Governor Ifeanyi Ugwuanyi of Enugu State Friday flagged-off an empowerment scheme in which 1,200 genuine traders of the state will…

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NDDC redeploys 11 directors

The Niger Delta Development Commission, NDDC, has redeployed 11 directors as part of its on-going reforms and restructuring to enhance…

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FG: Infrastructure development will drive economic growth, create jobs, wealth

Minister of Finance, Thursday at the United Capital launch of its Eurobond and Wealth for Women Funds, said that infrastructure…

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Nigeria seeks global support to deal with North East humanitarian challenges

The Nigerian government will be seeking global support for its effort to arrest and end the humanitarian challenges in the…

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First millionaire emerges in Skye Bank’s reward promo Season 11 draw …..as Ayangburen of Ikorodu endorses reward

One lucky customer of Skye Bank Plc., OLUSOLA OLUSEGUN EZEKIEL emerged the first winner and a Millionnaire of the draw…

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Australian envoy seeks closer ties with Enugu – As Ugwuanyi lists State’s economic potential

The Australian High Commissioner to Nigeria, Mr. Paul Lehmann, has expressed the willingness of businesses in his country to explore…

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Guinness Nigeria Plc denies indebtedness to Pharma Deko Plc

Guinness Nigeria Plc has denied that it is indebted to Pharma Deko Plc, and promised that its solicitors will repudiate…

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Dangote doles out N2bn to foods distributors for loyalty

Distributors of the Dangote foods companies, including Dangote Flour, Sugar and Salt smiled home Tuesday night as the management of…

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Pensions Screening: We are targeting 150,000 Federal Civil Servants to undergo verification – PTAD

By Our Reporter Pensions Transitional Arrangement Directorate, PTAD, has said that, about 150,000 retirees from the Federal Civil Service will…

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Labour rejects Ebonyi Govt’s new pension law

From Freedom Ajala, Abakaliki The leadership of the Nigerian Labour Congress (NLC), Trade Union Congress (TUC) and Joint Public Service…

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Ambode targets 3000mw 24-hr power generation for Lagos …Says FG can’t solve nation’s energy sector challenges alone …32 communities in Badagry to be connected to national grid by March

Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday said the quest by the country to achieve energy security can no…

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Guinness Nigeria unveils 2016 sustainability report, outlines future goals

Nigeria’s foremost total beverage alcohol company, Guinness Nigeria Plc, has released its Sustainability Report for 2016, reporting its performance on…

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Union Bank kicks off 100th anniversary celebrations

Union Bank, one of Nigeria’s most respected financial institutions, has kicked off celebrations to mark its 100th anniversary of service…

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The rate of Naira counterfeiting is less than one per cent – CBN

The Central Bank of Nigeria, CBN,has described as ‘spurious and grossly uninformed’ a statement credited to a former official of…

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Court orders forfeiture of Yakubu’s $9.8m to FG

A Federal High Court sitting in Kano presided over by Justice Zainab B. Abubakar today ordered the forfeiture of the…

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Nigeria’s economy in the light of DMO’s interventions

By Samir Amir IT is an incontrovertible fact that among the recessions that had taken place in Nigeria, none had…

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FG is not increasing taxes, Udoma tells National Assembly

The Federal Government does not have any intention of increasing taxes but is working towards increasing its internally generated revenue…

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Fix Minna Airport to avert national embarrassment – Gov. Sani Bello

Niger State Governor, Alhaji Abubakar Sani Bello has appealed to the Federal Government to fix Minna Airport to save the…

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