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FG clears investment risks, assures foreign investors of safety

zainabThe Minister of Finance, Zainab Shamsuna Ahmed has assured foreign investors of the safety of their investments in the Nigerian trade and business sectors at large….

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Ahead of London IPO, Airtel names banks to supervise listing

Telecoms service provider, Bharti Airtel, has announced the appointment of eight international banks to coordinate the London initial public offering for its Africa business. The…

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CRe Nigeria may be delisting soon

The ranks of companies delisting from the Nigerian Stock Exchange may increase as Continental Reinsurance Plc has sent a notice to the Nigerian Stock Exchange announcing a proposed acquisition….

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NAICOM sets up new directorates after restructuring

As part of efforts to reposition the National Insurance Commission (NAICOM) for better service delivery, the governing board of the commission has approved the exercise…

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SEC’s E-dividend is drastically reducing incidents of unclaimed dividends

A few years after the introduction of the E-dividend mandate by the Securities and Exchange Commission (SEC), stock market operators said the value of unclaimed…

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Why Banks should be worried with the fall in oil prices

The International oil benchmark, Brent crude, has fallen to its lowest level this year and below the proposed benchmark for Nigeria’s 2019 budget. The Brent…

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Again, stakeholders forewarn banks on cybersecurity

Banks and other financial institutions in Nigeria have once again been warned to put in place appropriate measures that will forestall and curtail the impacts…

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Banks are worried they may lose customers to MTN

Nigerian Deposit Money Banks (DMBs), according to industry sources, are nervous following the recent announcement by telco giant, MTN of its readiness to apply for…

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No license renewal for DisCos -BPE debunks rumour

Bureau of Public Enterprises, (BPE) a government agency charged with the responsibility of implementing the Nigerian policy on privatization and commercialization, has denied renewing operating license…

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JC Decaux unveils plans to help ease Lagos traffic

Outdoor advertising company, JCDecaux has announced plans to provide real-time traffic information, install solar-powered bus shelters and automatic public toilets in Lagos as it targets…

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Teleology commences payment of 9mobile’s debt

Following its acquisition by Teleology Holdings, 9mobile, formerly known as Etisalat Nigeria, has repaid part of a loan taken from a group of banks. According…

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How Cosmas Maduka moved from an Underaged apprentice to a multi-billionaire

Across the African continent, there are several stories of successful business tycoons. Some had strong financial boosts from their already wealthy families, while for others,…

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2019 Elections: Guard against money laundering, CBN warns DMBs

Ahead of the forthcoming general elections in 2019, the Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) to guard against violation of Money…

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FX inflows into Nigeria dip 20% in Q3 2018

Figures from the CBN economic report for the third quarter ended September 30 2018 show aggregate foreign exchange inflow into the economy amounted to US$26.01 billion at…

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Why 10 other states may experience telecom outage

Gbenga Adebayo, Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), has alerted Nigerians that ten states of the federation and the Federal Capital…

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Banks’ non-performing loans hit N2.36 trillion

The Nigeria Deposit Insurance Corporation (NDIC) revealed in its annual report and statement of accounts for 2017 that Nigerian banks Non-Performing Loans (NPLs) in 2017 was…

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Nigeria to benefit from AfDB’s $40 million investment

Nigerian and other African countries’ economies are about to receive a boost, as the Board of Directors of the African Development Bank (AfDB) has approved an equity…

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IBM set to empower Nigerian youths with $25 million

American multinational information technology company, International Business Machines (IBM) Corporation has disclosed plan to invest $25 million to empower Nigerian youths. The plan which was disclosed by…

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Highlights of Buharinomics ‘Next Level’ 2019 agenda

President Muhamadu Buhari who is also the Presidential candidate of the All Progressive Congress Party (APC) has unveiled his manifesto ahead of next year’s General…

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Why we sealed Nigerian Breweries offices – NLRC

The National Lottery Regulatory Commission (NLRC) has come out to justify their actions on sealing the Lagos and Abuja premises of the Nigerian Breweries Plc….

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