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Chinese companies’ investments in Nigeria hit $20bn – CCCN

The president of the China Chambers of Commerce in Nigeria, Mr. Ye Shuijin, recently disclosed that the total investments of Chinese companies in the country…

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Canada invited 3,357 Express Entry Candidates with scores as low as 300

Canadian province, Alberta, has issued a total of 3,357 invitations to apply for a provincial nomination for Canadian Permanent Residency (PR) to Express Entry candidates with…

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NSE receives SEC’s approval to effect new rules/amendments

The Nigerian Stock Exchange (NSE) has received the approval of the Securities and Exchange Commission (SEC) to introduce new rules and amend some existing ones. While all the rules were…

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FG targets four million Jobs from oil palm production

The Federal Government aims to create no fewer than four million new jobs across the country through palm oil production. Sunday Akpan, the Permanent Secretary of the Federal…

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Conoil announces the appointment of an Acting Director of Finance

The management of Conoil Plc issued a statement, yesterday, to the Nigerian Stock exchange (NSE), notifying its shareholders, stakeholders, and the entire public of the appointment of Mr. Ismail…

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Why the London Stock Exchange is scouting for potential African listings

The London Stock Exchange (LSE) is on the road, scouting for potential new listings from African countries, including Nigeria. This was revealed by the Director of Emerging…

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Stamp Duty Probe: Reps act tough, reveal 15 banks are owing N1.5bn

About fifteen (15) Nigerian banks will have to cough out the sum of N1.5 billion, being the total sum of under-remitted stamp duty funds owed…

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Why Emefiele wants banks restricted from access to bonds and treasury bills

Governor of the Central Bank of Nigeria, Godwin Emefiele, has sought the restriction of banks’ access to government securities such as bonds and treasury bills. Speaking…

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MainOne to invest N25bn through its ‘Digital Lagos’ Project

Nigeria’s leading broadband infrastructure firm, MainOne, has disclosed its plan to invest up to N25 billion by adding 2000km of fiber optic infrastructure through its project…

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FIRS revenue collection will surpass N5.32trn in 2019 -Fowler

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, has expressed confidence that the revenue agency will surpass N5.32 trillion revenue collection in…

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N30,000 minimum wage will render many states bankrupt

The former Commissioner of Finance in Lagos state, Dr. Adebayo Adewusi, recently asserted that the new minimum wage of N30,000 will lead to many states becoming bankrupt….

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9mobile drops again, as Nigeria’s mobile internet subscribers hit 115.9m

According to the latest internet subscribers data released by the Nigerian Communications Commission (NCC), the total number of mobile internet subscribers in Nigeria reached 115.9 million in March…

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NCC mandates MTN to pay final tranche of N330bn fine before month end

The Nigerian Communications Commission (NCC) has disclosed that MTN Nigeria Communications Plc has till Friday, May 31, 2019, to pay the last tranche of it N330 billion sim registration…

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Andela explains startups’ preference to venture capitalists over banks

In January 2019, Andela secured $100 million from foreign investors, thereby continuing a trend that has long characterised the Nigerian startup space. Private Equity firms have gradually…

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Federal Government to stop ownership of gas cylinders by consumers

The Federal Government recently stated that Liquefied Petroleum Gas (LPG) consumers won’t be allowed to own gas cylinders anymore as cylinders will become the property…

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Enugu Airport needs urgent holistic attention – Osita Chidoka

Former Minister of Aviation and 2017 Anambra State gubernatorial contestant, Osita Benjamin Chidoka, recently took to Twitter to narrate his experience while onboard an AirPeace flight from…

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CBN maintains Hold, keeps MPR at 13.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), maintains a hold in Monetary Policy Rate (MPR) at 13.50%. Also, other parameters…

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FG explains why it plans to demolish and rebuild the MMIA in Lagos

The Federal Government of Nigeria (FG) has explained the underlining reasons for the plan to demolish and rebuild the 40-year-old Murtala Muhammed International Airport, in Lagos…

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Meristem Green Fest: Masterclass speakers and organic vendors unveiled

In preparation for the largest organic-living festival of the year, Meristem Green Fest announces the facilitators for the masterclasses set to hold at the event….

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Insurance Companies shocked as NAICOM increases capital base by 200%

Nigeria’s insurance sector regulator, the National Insurance Commission (NAICOM), has increased the minimum paid-up share capital of insurance and reinsurance firms. The move though expected, sent shock…

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