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Official: Nigeria’s External Reserves hit $45bn mark

Nigeria’s external reserves have rallied and hit $45bn mark in May 2019. This is according to data obtained from the Central Bank of Nigeria (CBN) official website….

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UPDATE: Nigeria’s GDP records slow growth of 2.01% in Q1, as Oil contracts

Nigeria’s Gross Domestic Product (GDP) grew by 2.01 percent in real terms, in the first quarter (Q1) 2019, compared to 2.38 percent in Q4 2018. This…

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Microsoft launches Lagos Development Centre, as Sanwo-Olu drums support

American technology giant, Microsoft Corporation, has officially launched its Lagos Development Centre, which is now ready to swing into full operations. Ten Nigerian software engineers have…

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FIRS generates N1.5tn revenue in Q1 of 2019 – Fowler

The Federal Inland Revenue Service ((FIRS) generated N1.5 trillion revenue in the first quarter (Q1) of 2019, according to its Chairman, Mr Babatunde Fowler. Fowler…

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Financial institutions seek tougher regulations after Emefiele’s reappointment

Following Godwin Emefiele’s Senate confirmation as Governor of the Central Bank of Nigeria(CBN), financial institutions in the country have expressed their need for tougher regulations….

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Revamping Nigeria’s oil palm production, a catalyst to diversification

Recently, the National Palm Produce association of Nigeria (NPPAN) revealed that importation and illegal smuggling of Palm Oil are biting really hard on producers. NIPPANspecifically disclosed that local…

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Why banks and FinTechs should take advantage of AI -Access Bank’s Wigwe

The Chief Executive Officer of Access Bank Plc, Herbert Wigwe, has stated that in order for banks and Financial Technology (FinTech) operators to remain competitive, there is…

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Nigeria partners UNDP and GEF to invest $58m in food security projects

The Nigerian Government, in collaboration with the United Nation Development Programme(UNDP), and Global Environmental Facility (GEF), has earmarked the sum of $58 million to facilitate the Integrated Approach Programme for…

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Seplat Petroleum pays N10.6bn dividend for FY 2018

Seplat Petroleum Development Company Plc has paid N18 dividend per share to its shareholders for the 2018 financial year. The dividend payout amounted to N10.6 billion. Austin Avuru,…

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United Nations IDO (UNIDO) presents Farmcrowdy with Disruptive Innovation in Agribusiness International Award.

Farmcrowdy Group, Nigeria’s first Digital Agriculture company, yesterday received theDisruptive Innovation in Agribusiness Award granted by the United Nations Industrial Development Organization (UNIDO), in Rome, Italy. This…

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Post listing market reaction to MTN Nigeria’s stock

It was all yellow at the Nigeria Stock Exchange, yesterday, as one of the most anticipated transactions was consummated with the listing of 100% of the…

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MTN’s listing by introduction: Should you buy, sell or wait and see?

Alas! MTN Nigeria has listed its shares on the Nigerian Stock Exchange (NSE). The telco-giant received regulatory approval from SEC and NSE to list 20.3bn units of shares at…

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Stamp Duty Controversy: CBN recovers over N35bn as probe begins

The Central Bank of Nigeria (CBN) revealed it has recovered over N35 billion from commercial banks, being part of the reported N20 trillion stamp duty funds that…

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Warnings signs as depot owners lament over high cost of fuel

Depot owners under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPMAN), have voiced their displeasure over the new…

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NCC set to host maiden edition of Nigerian Telecom Leadership Summit

The Nigerian Communications Commission (NCC), has finished preparations to host the maiden edition of the Nigerian Telecom Leadership Summit (NTLS 2019). The event is scheduled to hold in Lagos…

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National Assembly passes bill to make June 12 Democracy Day

The Senate on Thursday concurred with the Public Holiday Act (Amendment) Bill passed by the House of Representatives, which approved June 12 as the new…

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REVEALED: This is why Jumia didn’t list in Nigeria, Africa

E-commerce giant, Jumia, has disclosed that the lack of long term investors in e-commerce business in Nigeria and Africa at large, prompted its Initial Public Offering (IPO) on…

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MTN’s NSE-listing, what you need know, and analysts’ forecasts

The most anticipated and biggest listing on the Nigerian Stock Exchange is happening right now in Lagos, Nigeria. We are talking about none other than the MTN Nigeria listing….

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Sahara Energy and Brooge Petroleum partner to build a new refinery

Sahara Energy Resources DMCC Dubai and Brooge Petroleum and Gas Investment Co (BPGIC), have signed a partnership agreement to set up an oil refinery capable of producing…

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AfDB secures $61.8m to support female entrepreneurs

The African Development Bank (AfDB) has secured funding to support female entrepreneurs in Nigeria and other African countries. The development bank intends to disburse the capital for…

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