Posted in NAIJA BIZ

FX inflows into Nigeria dip 20% in Q3 2018

Figures from the CBN economic report for the third quarter ended September 30 2018 show aggregate foreign exchange inflow into the economy amounted to US$26.01 billion at…

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Why 10 other states may experience telecom outage

Gbenga Adebayo, Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), has alerted Nigerians that ten states of the federation and the Federal Capital…

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Banks’ non-performing loans hit N2.36 trillion

The Nigeria Deposit Insurance Corporation (NDIC) revealed in its annual report and statement of accounts for 2017 that Nigerian banks Non-Performing Loans (NPLs) in 2017 was…

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Nigeria to benefit from AfDB’s $40 million investment

Nigerian and other African countries’ economies are about to receive a boost, as the Board of Directors of the African Development Bank (AfDB) has approved an equity…

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IBM set to empower Nigerian youths with $25 million

American multinational information technology company, International Business Machines (IBM) Corporation has disclosed plan to invest $25 million to empower Nigerian youths. The plan which was disclosed by…

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Highlights of Buharinomics ‘Next Level’ 2019 agenda

President Muhamadu Buhari who is also the Presidential candidate of the All Progressive Congress Party (APC) has unveiled his manifesto ahead of next year’s General…

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Why we sealed Nigerian Breweries offices – NLRC

The National Lottery Regulatory Commission (NLRC) has come out to justify their actions on sealing the Lagos and Abuja premises of the Nigerian Breweries Plc….

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How Atiku plans to create 3 million jobs annually

Ahead of its formal launch, we were able to get a sneak preview of PDP Presidential candidate Atiku Abubakar’s policy document. In it, he gives details…

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CBN responds to critics of Agriculture Credit Scheme

Perhaps in response to criticism, that its Commercial Agriculture Credit Scheme (CACS) had been a failure, the Central Bank of Nigeria (CBN) has released an evaluation and…

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Nollywood Actress, Empress Njamah Celebrates Birthday With Awesome Photos

Nollywood actress Empress Njamah celebrated her birthday yesterday and she has shared some new photos to mark the special day.  Nollywood actress Empress Njamah is…

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Super Eagles zoom into 2019 AFCON after playing 1-1 draw against South Africa

Nigeria’s Super Eagles have qualified for next year’s African Cup of Nation, to be hosted by Cameroon after they were forced to a 1-1 draw…

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Despite Government policies Nigeria will soon be largest importer of rice

A report by the United States Department of Agriculture (USDA) has predicted that Nigeria’s rice imports will jump 13 per cent next year to a…

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Why NCC is blaming GSM subscribers for the problem of unsolicited SMS

For their supposed unwillingness/refusal to report incidents of unsolicited text messages from network providers, the Nigerian Communications Commission (NCC) yesterday said network subscribers are to…

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No agreement was signed with GE on $2.7 billion railway project – FG

Rotimi Amaechi, Minister of Transportation, has addressed the pulling out of General Electric (GE) from the Nigerian railway concession project. According to the Minister, the Nigerian government did not sign…

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NDIC says ten Banks account for 87% of banking fraud

Ten Deposit Money Banks accounted for about 87.63 per cent of fraud and forgeries that occurred in the banking sector in the 2017 fiscal period….

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E-transactions fraud to hit N6.1 trillion by 2021

The Central Bank of Nigeria (CBN) has disclosed that electronic banking fraud in Nigeria will hit N6.1 trillion by 2021. This was made known by…

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Nigerians react as NBS claims lack of funds is delaying unemployment report

Nigeria’s Statistician-General and CEO of the National Bureau of Statistics, Dr Yemi Kale, on Tuesday, November 13th, made a rather controversial Twitter post informing Nigerians…

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Federal Government raises $2.86 billion from Eurobond

In a notice posted on its website, the Debt Management Office (DMO) has announced Nigeria’s successful raise of $2.86 billion through its latest Eurobond. This is the…

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These companies will pay N127.2 million for delaying their financial reports

Four Nigerian companies — Ekocorp Plc, Premier Paints Plc, Academy Press Plc and Austin Laz & Co Plc — are the latest to get fined by the…

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NSE amends dealing member rules

The Nigerian Stock Exchange (NSE) today released amendments to its dealing member rules. Rule 7.4 pertains to the submission of financial and non-financial reports to the…

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