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Ibe Kachikwu reveals how Nigeria can grow crude oil reserves

The former Minister of States for Petroleum Resources, Dr. Ibe Kachikwu, has stated that one of the ways Nigeria can grow her crude oil reserves and increase…

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Instant bank transfers increase by 36% between January and May 2019

Data obtained from the Nigeria Interbank Settlement System (NIBSS) has shown that the value of instant bank transfers transactions carried out in the first five months of…

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Sam Amadi vs Eyo Ekpo twitter tirade explained

The controversy pertaining to the sudden reduction in electricity tariffs few months to the 2015 elections, was resurrected recently when Eyo Ekpo, then a commissioner…

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Corporate Deal: Ellah Lakes Plc confirms acquisition of Telluria Limited

Port Harcourt-based Agribusiness company, Ellah Lakes Plc, yesterday informed the Nigerian Stock Exchange and the investing public of its recent acquisition of Telluria Limited. According to the company, the acquisition…

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UBA’s Tony Elumelu receives Honorary Doctor of Business from Bayero University

Come June 15, 2019, successful Nigerian businessman and Chairman of United Bank for Africa, Tony Elumelu, would be conferred with an Honorary Doctor of Business by…

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How Nigeria can benefit from ECOWAS’ intended single currency

It is no longer news that a single currency among West African countries may take effect. The West African countries, which include Nigeria and fifteen…

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Nigeria’s trade enters red zone as Current Account deteriorates

Rising importation of goods and services in Nigeria is once again taking a toll on the economy, as a report on Nigeria’s balance of payment…

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CBN unveils initiatives to boost commodity export

The Central Bank of Nigeria (CBN), has unveiled the Export Facilitation Initiatives (EFI) targeted at boosting commodity exports in the non-oil sector of the Nigerian…

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Devaluation looms as Nigeria Customs Service changes exchange rate to N326

Latest development suggests the Central Bank of Nigeria (CBN) may finally allow the Nigerian naira to be floated and freely determined by market forces from the currently pegged N305…

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FG stands up for customers, orders Multichoice to compensate for service disruptions

The Federal Government has demanded that South Africa’s MultiChoice must compensate its Nigerian customers for the frequent service disruptions they experience.  The demand was made by the Federal…

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CBN to commence disbursement of N500 million fund to creative sector

The Central Bank of Nigeria‘s Bankers Committee is now ready to begin paying out the N500 million loans to creative industry SMEs under the Creative Industry Financing…

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Canada resumes bi-weekly draws, invites 6,700 PR candidates in one month

The Canadian Government has resumed the bi-weekly Canadian Permanent Residency draw, as it invited 6,700 candidates to apply for Canadian permanent residency in just one…

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FG’s Series II Green Bond was oversubscribed by 200%

The Debt Management Office (DMO) has released the second series of Federal Government’s issuance of a green bond which was oversubscribed. According to a statement released following…

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Fidelity Bank and NIPOST to extend financial inclusion to rural areas

Fidelity Bank Plc has collaborated with the Nigerian Postal Service (NIPOST) to launch 266 agency banking centres across Nigeria. This is in a move to extend financial services to…

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Nigeria to benefit from AfDB’s 3.2 million Swiss francs

Nigeria is among the countries that will benefit from the 3.2 million Swiss francs that was recently donated to the African Development Bank (AfDB) by…

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BN ordered to blacklist all firms importing banned items

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner, and top management caught smuggling or dumping any of the…

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Judge adjourns case between Oando and SEC; sets new date

The Federal High Court has adjourned the case between Oando Plc‘s Group ChiefExecutive, Adewale Tinubu, Deputy Group Chief Executive, Omamofe Boyo and the Securities & Exchange Commission (SEC). The…

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Hope rises for workers as CBN partners PenCom to make home ownership easier

The average Nigerian worker’s dream of owning a house of their own was reinforced on Thursday at the banker’s committee meeting held in Abuja. During…

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Extramile Africa to drive financial inclusion with N4 million soft loans

Fintech firm, Extramile Africa, has offered N4 million worth of soft loans to drive financial inclusion and social empowerment for Micro, Small and Medium Enterprises (MSMEs)….

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Court says Oando’s CEO can now file for judicial review of SEC’s sanction

Justice Ayokunle Faji of the Federal High Court in Lagos, has granted the Group Chief Executive Officer of Oando Plc, Mr Wale Tinubu, and his deputy, Mr Omamofe…

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