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Gwarzo remains suspended

Finance Minister Kemi Adeosun said on Tuesday that Mounir Gwarzo remains suspended as the Director General of the Securities and Exchange Commission (SEC). Gwarzo was…

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CBN injects $55m for Nigerians needing Forex for travel, tuition, medical fees

The Central Bank of Nigeria (CBN) on Monday injected the sum of $55m into the economy for Nigerians requiring foreign exchange (Forex) for Business/Personal Travel…

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Subsidy: Heads to roll as Senate investigates petroleum downstream sector

Senate Committee on petroleum (downstream) has said heads of government agencies involved in petroleum subsidy racketeering would roll if its investigations which began on Monday…

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‘CBN removes 36 items from forex ineligibility list’

The Central Bank of Nigeria (CBN) has expunged 36 sub-items from the broad list of items that were banned from accessing forex from the apex…

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NSE new trading rules begin today

The Nigerian Stock Exchange (NSE) is commencing the implementation of its amended trading rules today.   The new rules, which were approved by the Securities and…

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Nigerian Stock Exchange Bounces Back With 0.47% Growth

Transactions on the Nigerian Stock Exchange (NSE) closed upbeat on Friday, reversing the four-day back-to-back loss posted since Monday. The All-Share Index improved by 204.70…

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Buhari: It’s disgraceful all our refineries work below 50%

President Muhammadu Buhari says it is a disgraceful thing that none of the nation’s refineries is performing up to 50 percent. President Buhari spoke at…

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Oil hits $71/b for first time since 2014

Oil hit $71 a barrel yesterday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in US crude…

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Electricity: Customers owe AEDC N50bn

Electricity customers in Niger region owe Abuja Electricity Distribution Company Limited N49.58 billion in the last three years, the Managing Director/CEO of the company, Engr….

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China trains more than 3,600 Nigerians — envoy

More than 3,600 Nigerians have participated in different training opportunities organisned by the Chinese Government in China since 2006.  Mr Zhao Linxiang, Economic and Commercial…

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Forex: Naira Closes At N360.54 Per Dollar At Investors’ Window

The Naira on Thursday traded at N360.54 to a dollar at the investors’ window. However, it was sold at N363 to the dollar at the…

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Africa to witness economic pickup in 2018 – UN

Africa’s economy is expected to grow 3.5 per cent in 2018, an increase of 0.3 percentage points from 2017, a UN official said Thursday. Speaking…

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Stop sealing of filling stations

Mr Rotimi Benjamin, the Vice-Chairman, South-West, Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), on Wednesday urged the Department of Petroleum Resources (DPR) to…

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China-Nigeria Bilateral Trade Hits $12.3bn In 2017

China says its bilateral trade with Nigeria in 2017 stood at 12.3 billion dollars. Deputy Chinese Ambassador to Nigeria, Mr Lin Jing said that the…

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Oil Prices Rise To $70 A Barrel

Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers…

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NNPC operating illegal dollar account – Senator

Chairman Senate Committee on FCT, Senator Dino Melaye (APC, Kogi) yesterday alleged that the Nigerian National Petroleum Corporation (NNPC) is operating an illegal account with…

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TSA: No Hidden Government Funds In Our Custody – Keystone Bank

Keystone Bank Limited has denied having in its custody any illegally hidden money belonging to the Federal Government of Nigeria or any of its agencies….

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Nokia To Focus On Nigerian Tech Start-Ups In 2018

HMD Global, marketer of Nokia phones in Nigeria says as part of its focus for the industry, it will support tech start-ups in 2018. The Head…

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Access Bank accused of unlawful account freeze, firm demands N200m

An Abuja based media firm, Image Merchants Promotion Limited and its promoter, Mallam Yushau Shuaib have slammed a N200million suit against Access Bank Plc over…

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Nigerian Govt Targets 15% Tax GDP Contribution Through VAIDS

Sen. Udo Udoma, Minister, Budget and National Planning, says the Federal Government is targeting 15 per cent tax contribution ratio of Gross Domestic Product (GDP)…

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