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How cutting of food imports saved $21 billion for Nigeria -CBN

Governor Godwin Emefiele of the Central Bank of Nigeria (CBN), has revealed that Nigeria’s monthly food import bill fell from $665.4 million in January 2015 to…

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America’s fast food company mulls Nigerian market

American global fast food outlet, Burger King (BK), has revealed plans to enter into the Nigerian market as it looks outside the U.S growth. According to…

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Shell concludes new partnership with GP, GACN

Shell Petroleum Development Company of Nigeria (SPDC) has signed an agreement with Geometric Power Aba Limited (GP) and Gas Aggregation Company of Nigeria (GACN). The agreement…

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This is how much Nigeria’s gaming industry has generated so far this year

The booming gaming industry in Nigeria has once again received a global recognition as the Global Games Market for 2018 has revealed. In a report…

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Cross River set to export ‘made in Nigeria’ clothing

The Federal Government has given the Cross River Garment Factory (certification) license to export its products beyond the shores of Nigeria to other parts of…

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NLC is impatient over delay in the implementation of new minimum wage

As the back and forth between the Nigerian Labour Congress (NLC) and the Nigerian Federal Government persists over the demand for a N30,000 minimum wage,…

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SEC gives new date for commencement of Electronic IPO

Acting Executive Commissioner, Corporate Services, Securities and Exchange Commission (SEC), Mr Henry Rolands, has assured that the long-awaited electronic initial public offering will kick start…

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Are we on the verge of another fuel scarcity?

Should the Federal Government fail to settle outstanding debts totalling N800 billion, there may be a fuel scarcity during the festive season as oil marketers…

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What World Bank said about Nigeria’s economy

An international financial institution, World Bank has indicated in its ‘Economic Update’ issued in Abuja, that Nigeria’s Gross Domestic Product (GDP) growth is expected to hover…

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Despite transfer of ownership, Teleology yet to get operational license

Despite the Nigerian Communications Commission (NCC) approved transfer of 9mobile to a new investor, Teleology Holdings Limited, the Investment Holding Company is yet to get an…

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CBN Governor blows hot regarding 41 banned items

Governor of Central Bank of Nigeria, Godwin Emefiele, once again talked tough concerning the Bank’s policy on banning 41 items from the official foreign exchange market. At the 53rd Charted Institute of Bankers Nigeria…

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How Smartmicro MD defrauded First Bank Plc

More facts have emerged on how Mr. Michael Obasuyi Osasogie, Managing Director, Smartmicro Systems Limited defrauded FirstBank to the tune of N11 billion. According to the…

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CBN grants Diamond bank approval to operate as National bank

The Central Bank of Nigeria (CBN) has granted Diamond Bank Plc, approval to operate as a national bank following its application for it. The bank’s…

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Nigeria’s refineries will soon be producing at full capacity

The Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed that the Federal Government would collaborate with Saudi Arabia to revamp Nigeria’s refineries. The refineries…

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How Mobil allegedly shortchanged Nigeria of $1.9 billion

The Federal Government of Nigeria has accused Mobil Oil Producing of allegedly shortchanging the federation in the payment for the oil blocks they acquired and remittance…

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Why NCC seems not ready for a new telecoms operator

The Nigerian Communications Commission (NCC) has given the reason why issuing a new license to another Telecoms operator to serve the Nigerian market is not…

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Nigeria to benefit from UK’s $4.5 billion investment plan

The United Kingdom’s development finance arm, CDC Group Plc have announced plans to invest more than $1 billion into the Nigerian market and $4.5 billion…

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Saudi’s Energy Minister meets Ibe Kachukwu ahead of OPEC’s meetings

The Saudi Arabian Energy Minister, Mr Khalid al-Falih, today flew to Abuja to meet with his Nigerian counterpart, Emmanuel Ibe Kachikwu, ahead of two very important…

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NSE President, Oscar Onyema concludes tenure at ASEA

The Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Oscar Onyema has concluded his tenure as the President of the African Securities Exchanges Association…

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FG switches focus to mining, as it awards licenses

Nigeria’s Minister for Mining and Steel Development, Mr Abubakar Bawa Bwari, today in London disclosed that the Federal Government has given mining contracts to ten exploration…

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