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Ministerial list: Senate President denies claim as Buhari fights pressure

The Senate President, Ahmed Lawan has reacted to a claim he reportedly made on the Ministerial list after President Muhammadu Buhari’s response regarding time-frame for…

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Federal Government records N10trn from TSA implementation – OAGF

Not less than N10 trillion has been received by the Federal Government from the implementation of the Treasury Single Account (TSA). This is according to…

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Posted in NAIJA BIZ

History repeating itself as President Buhari grounds work on capital projects

Work on capital projects by the Ministries, Departments and Agencies has continued to remain grounded two months after the 2019 Budget was signed into law….

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Sniper makers should be worried about NAFDAC’s “ban” on the product

The National Agency for Food and Drug Administration and Control (NAFDAC), has banned the sale of Sniper (a well-known insecticide), and other agrochemical formulations in supermarkets and open…

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NAFDAC seals ponmo factories using corpse chemicals for preservation

Three ponmo factories have been sealed off by the National Agency for Food and Drug Administration and Control (NAFDAC) for endangering lives by using chemicals for embalming corpses for…

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Our view on CBN’s revision of SDF guidelines by CSL Capitals

Barely one week after the Central Bank of Nigeria (CBN) issued a letter to all Deposit Money Banks (DMBs) to maintain a minimum Loan to Deposit…

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This decades-old challenge will deprive Nigerian businesses AfCFTA’s benefits

With all the benefit the African Continental Free Trade Agreement (AfCFTA) have in store for the continent, Nigeria might just lose out on them all due to a…

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State Governments and LGAs share monthly allocation of N294 billion

States and Local Governments in Nigeria shared a total of N294.83 billion in May 2019. This was revealed in the latest report on the disbursements made…

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CBN sets N650,000 as accreditation fee for personalised cheques

The Central Bank of Nigeria (CBN) has invited service providers to submit Expression of Interest to be accredited to personalised cheque-based stock, under the Nigeria Cheque Standard (NCS) and Nigeria Cheque…

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CBN says no more interest payment on bank deposits exceeding N2 billion

As part of its effort to stimulate lending to the real sector of the economy, the Central Bank of Nigeria has directed that banks’ daily deposits placement through…

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Ecobank responds to sacking 1200 workers

Ecobank Plc has responded to the reports going viral on social media, that it sacked about 1200 members of its workforce, without considering the impact the…

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Fidelity Bank Plc confirms robbery incident at its Lekki branch

Fidelity Bank Plc has confirmed that its CCTV footage captured a man stealing a bag from a locker at its branch at Admiralty Way, Lekki area…

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Lagos State Internal Revenue Service may start using BVN to collect taxes

In a bid to capture more people in the tax net and boost its revenue, the Lagos State Internal Revenue Service (LIRS) is reportedly planning to start…

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Lagos State Internal Revenue Service may start using BVN to collect taxes

In a bid to capture more people in the tax net and boost its revenue, the Lagos State Internal Revenue Service (LIRS) is reportedly planning to start…

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Posted in NAIJA BIZ

EFG Herms thinks CBN’s directives could be damaging to Nigerian banks

Several reactions have continued to trail the Central Bank of Nigeria’s recent directive ordering all commercial banks within the Nigerian banking industry to maintain a minimum loan to deposit…

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CBN’s decision to force bank lending is crushing banking stocks

First, it was N116.2 billion and then shivers as investors wondered what just ensued. By the close of business on Tuesday the losses had parred…

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NNPC boss admits there is corruption in NNPC

Mela Kyari, the new Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), has revealed that his administration at the corporation will tackle corruption with…

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Nigeria’s total debt stock rises to N24.9 trillion

Nigeria’s total debt stock rose to N24.9 trillion (US$81.2 billion) as of the end of March 2019. This is revealed in the latest report released on…

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Worrying trend as 9mobile loses over 3 million Subscribers in 2 years

There appears to be more worries for Nigeria’s telecommunication network, 9mobile, as the company has lost 3.49 million internet subscribers in the last two years. According…

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Did Airtel Africa’s listing drag MTN Nigeria’s shares down on the NSE?

MTN Nigeria performed poorly today on the Nigerian Stock Exchange, the same day its local rival,Airtel Africa, listed its shares on the Nigerian bourse in a cross…

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