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Pleasant surprise as BUA mulls reduction in cement price

BUA Cement may just shake up the cement industry soon by reducing the price of its product. This is according to Mr Nasir Ladan, the…

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FG set to open fresh bid for Tin Can Lilypond Terminal

All is set for the Federal Government to open a fresh bid for Tin Can 11 container terminal, Lilypond Terminal. Lilypond was concessioned in 2006 to AP…

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Kachikwu announces new date for refinery turn around

The Minister of State for Petroleum, Dr. Ibe Kachikwu has revealed that the planned repair works on the refineries will happen a year later than…

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How MTN Nigeria’s troubles could affect South Africa’s financial system

The South African Reserve Bank (SARB) yesterday claimed that the financial dispute between the Nigerian authorities and telecommunications giant, MTN Group Limited, could potentially destabilise the…

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Why Nigeria is insistent on Agip Oil paying back $110m

The Nigerian Government on Tuesday, November 6th, closed its prosecution in the $110 million court case instituted against Nigeria Agip Oil Company Limited. Counsel to…

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Econet’s Kwesé TV shuts Satellite TV

After 18 months of operation in the Satellite TV market, Econet owners of Kwesé TV has announced a review in its business strategy to focus…

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This is why Dangote may drop plans to buy Arsenal FC

African richest billionaire, Aliko Dangote may have lost interest in becoming the highest shareholder of English football club, Arsenal FC. In an interview with Bloomberg…

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How CBN’s decision on Skye Bank saved 6,000 jobs

Over 6,000 jobs and N949 billion of depositors’ funds have been saved by the Central Bank of Nigeria’s (CBN) decision to revoke Skye Bank’s operating…

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Famous painting by Nigerian sold for $1.6 million goes on display in Lagos

A long-lost portrait of a Nigerian princess described as ‘African Mona Lisa’, has made its first public appearance in decades. The famous painting was displayed…

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SEC orders NEM Insurance to reconvene 48th AGM

The Securities and Exchange Commission (SEC) has instructed NEM Insurance Plc to reconvene its 48th Annual General Meeting and give adequate notice to shareholders in accordance with the…

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Report shows growing confidence in Nigeria’s electronic payments system

Figures from the Central Bank of Nigeria (CBN) half-year 2018 economic report shows an increased activity in the electronic payment platforms available in the country….

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NSE lifts suspension placed on 4 companies

The Nigerian Stock Exchange (NSE) has lifted a suspension placed on trading in the shares of Ekocorp Plc, Premier Paints Plc, Austin Laz and Company…

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TSA implementation saves FG N24 billion per month

President Muhammadu Buhari has confirmed how the implementation of the Treasury Single Account has helped the Federal Government in saving N24.7 billion per month. The President…

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London based firm wants to invest in Nigeria’s power plant

Golar LNG has confirmed that it is in talks with Nigerian authorities about establishing a power project that could use one of its vessels to…

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This is how much complaints CBN received against Nigerian banks in H1 2018

Nigeria’s apex bank, the Central Bank of Nigeria (CBN), said it received more complaints from dissatisfied bank customers in the first half of 2018 compared…

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PenCom releases guidelines on voluntary contribution under the contributory pension scheme

The National Pension Commission (PenCom) recently released guidelines (the Guidelines) to provide clarity on voluntary contributions (VCs) under the Contributory Pension Scheme (CPS). The guidelines…

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Interswitch, Microsoft partner on blockchain technology

Pan-African integrated digital payments and commerce company, Interswitch has announced its partnership with Microsoft to launch its innovative blockchain-based supply chain financing service. The initiative…

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Little-known Nigerian entity attracts €31 million investment from Europe

A little-known Nigerian entity, InfraCredit, has just secured a €31 million worth of investment capital from Europe’s largest development bank, KFW Development Bank. The €31 million…

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RenMoney announces appointment of new CEO

One of Nigeria’s leading consumer finance institute, RenMoney Microfinance Bank has appointed Oluwatobi Boshoro as its new Chief Executive Officer. Following her appointment as RenMoney’s new CEO, Boshoro expressed…

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Dangote raises concerns over FG’s signing of AfCFTA

African business tycoon, Aliko Dangote has clarified that he’s not the one preventing the Federal Government from signing Africa Continental Free Trade Agreement (AfCFTA). While speaking in…

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