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Privacy Breach: Facebook wins legal battle against investors

What looked like a fresh mess for Facebook is no more as the social media company has won the dismissal of the investor lawsuit.  The company was sued for deceiving investors about…

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FG closes border to protect economic interests – Customs

The Comptroller-General of Nigeria Customs Service (NCS), retired Col. Hameed Ali has made known that the Nigerian government closed its borders in order to protect its economic interests, amongst…

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2020 Anambra Budget: N6 billion proposed for cargo airport construction

The Anambra State Government has set aside the sum of N6 billion for the construction of the Umueri International Cargo Airport near the state capital, Awka.  This was revealed when Governor Willie…

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Nigeria, other African countries enjoined to encourage cross-border trade

The President of the African Export-Import Bank (Afreximbank), Benedict Oramah, has called on African countries to seek channels that would enhance cross-border trade.   He urged African countries to create vehicles that would make…

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CBN makes case for PSBs, cautions Banks, PSBs against demarketing

When the second tenure of the governor of Central Bank of Nigeria (CBN), Godwin Emefielebegan, he promised to deepen the financial inclusion sector by providing a…

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Federal Government spends N2.3 trillion on Subsidies in 3 years – PwC

The Federal Government has spent about N2.3 trillion as subsidies on petrol and power consumption between 2015 and 2018. This is according to a report by PricewaterhouseCoopers (PwC),…

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Why Nigerian products are rejected overseas – NIPC

The Nigerian Investment Promotion Council (NIPC) has identified the poor quality of packaging and labeling as the major reason why exported products from Nigeria are rejected overseas.  Wiliam Eze, Director, Business…

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Will there ever be a day the NCC withdraws a Nigerian telco’s license?

Earlier today, Reuters reported that the Zambia Information and Communications Technology Authority (ZICTA) has announced the withdrawal of Mobile Broadband Ltd’s operating license. The telecoms company, which is a subsidiary…

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How $60 billion fund can benefit Nigeria – Chinese expert

The biggest hindrance to the growth of Small and Medium businesses in Nigeria is funding. Most Nigerian businesses struggle to stand the test of time because of…

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China promises to help Nigeria achieve Economic Growth plan

China has drummed support for Nigeria and promised to help the country actualise its Economic Recovery and Growth Plan (ERGP).  China made this pledge to help Nigeria achieve development through…

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Central Bank disbursed N299 billion loans through these Agricultural schemes in 2018

The Central Bank of Nigeria (CBN) disbursed the sum of N299.16 billion through six (6) Agricultural Schemes in 2018. According to the Central Bank’s annual report for 2018,…

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Cryptocurrency: Discern investors’ goldmine

Cryptocurrency is no longer a part of our distant future but what is already part of our present – a tool to help us escape the…

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This is what Dangote wants to emulate from Bill Gates

It is a reality that one cannot have everything. Irrespective of the success one has achieved or the milestone one has covered, there tends to…

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IMF replaces Lagarde, gets new Managing Director

The International Monetary Fund (IMF) has selected a new managing director following the stepping down of Christine Lagarde.  Bulgarian economist, Kristalina Georgieva will replace Lagarde who is leaving to become head of the European Central Bank…

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World Bank’s $2.5bn loan will hurt Nigeria’s economy – LCCI

The Lagos Chamber of Commerce and Industry(LCCI) has reacted to World Bank’s plans on disbursing another fresh loan of $2.5 billion or N767.3 billion to Nigeria saying it would further…

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NNPC transfers stake in four oil wells to NPDC

The Nigerian National Petroleum Corporation (NNPC) has signed an agreement with Nigeria Agip Oil Company (NAOC) and Oando for the transfer of its stake in four oil wells to the Nigerian…

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Illicit financial flows: Nigeria lost $157.5 billion in almost 10 years – Buhari

President Muhammed Buhari has revealed that Nigeria lost 157.5 billion dollars to illicit financial flows between 2003 and 2012.  He made this declaration during a side event organised by the…

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UK Court grants Nigeria right to appeal P&ID judgement

A United Kingdom court has granted Nigeria the right to appeal the award and enforcement of the judgment that asked Process and Industrial Developments Limited (P&ID) to seize…

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Why Warren Buffet’s $4.6m lunch with Bitcoin entrepreneur is experiencing delay

Year in, Year out, Warren Buffet auctions off a three-hour lunch date tagged The Power Meal. This is an exciting adventure for those who can afford it as they get…

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FEC approves N314 billion for new projects

A total of N311.8 billion has been approved by the Federal Executive Council (FEC) for the construction and rehabilitation of two link roads connecting the Second Niger Bridge in the South East and other projects…

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