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Cryptocurrencies: CBN Warns Nigerians

The Central Bank of Nigeria (CBN) has again cautioned Nigerians to be wary of investments in cryptocurrency as they are virtual currencies that are not…

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Petroleum marketers to commence building $3bn refinery

The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to commence work on its proposed $3 billion (N1.08 trillion) refinery in two states of…

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GTB predicts 2.8% economy growth rate in 2018

Guarantee Trust Bank (GTB) analysts have predicted economy growth rate of between 2.3 per cent and 2.8 per cent in 2018. The bank in its…

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BOI has committed N20b to SMIs expansion

The Managing Director, Bank of Industry, Mr. Olukayode Pitan has revealed that the Bank has disbursed about N18b out of the N20b intervention fund meant…

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FG launches 20 years transmission plan, targets 10,000MW capacity by 2020

The Transmission Company of Nigeria (TCN) has launched a 20-year Transmission Master Plan that targets a wheeling capacity of 10,000 megawatts (MW) of electricity by…

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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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