As disclosed by the minister of information, Lai Mohammed, the federal government has introduced visa-on-arrival process for foreigners who wish to visit Nigeria for business and tourism purposes. In a statement issued by Segun Adeyemi, media aide of the minister, in Lagos on Sunday, Mohammed said the measures were part of the action plan for […]
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The Nigerian Civil Aviation Authority (NCAA) says from 150 airlines in its register when it started operating in 2000, only eight or nine airlines are operating in the country as of now. Sam Adurogboye, NCAA’s general manager, public relations, said this during an interactive session with reporters in Lagos, on Sunday. He said the agency […]
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Foremost African financial institution; Guaranty Trust Bank plc, reaffirmed its position as a leading global brand with its recent recognition as the ‘Best Private Banking Services, Best Commercial Banking Capabilities & Best Net-worth Specific Services in Africa’ during the 2017 Euromoney Private Banking Awards which held on Wednesday, February 22, 2017 at the Plaisterer’s Hall […]
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Presidential Enabling Business Environment Council (PEBEC) chaired by Acting President Yemi Osinbajo, SAN has approved a 60-day national action plan to push through short term reforms. The Acting President, who addressed journalists after the Council’s meeting at the State House, said the Council will within the stipulated period focus on areas that will not only […]
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The naira moved to 515 per dollar on Tuesday, following the introduction of new policy actions by the Central Bank of Nigeria (CBN). The naira, which was trading at 520 to the dollar on Monday, after falling from 510 the previous week, firmed on Tuesday evening, at the parallel market. Nigerian Stock Exchange (NSE) also […]
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The Central Bank of Nigeria (CBN) says every Nigerian, 18 years or older, is entitled to $4,000 per quarter of $16,000 per year for personal travel allowance (PTA) under the guidelines for the adjusted foreign exchange policy. On Monday, CBN announced adjustments to its existing foreign exchange policy, directing banks to open sales point across […]
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As part of efforts to alleviate the hardship experienced by Nigerians in need of forex for school fees, traveling allowance and medical treatment, the Central Bank of Nigeria (CBN) has provided additional forex to financial institutions across the country. Isaac Okorafor, the acting director, corporate communications of the Central Bank of Nigeria, made this disclosure […]
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Goodie Ibru has resigned as chairman of Ikeja Hotels Plc. His resignation came barely two months after a judge in Abuja backed up his claim as the chairman of the hotel group, amidst a rancorous family dispute, involving Maiden Ibru, the wife of the late younger brother, Alex Ibru. Goodie Ibru, recipient of the national […]
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REDTV, a dynamic online lifestyle channel that puts the spotlight on Africa with a distinct global appeal,launched its Francophone version on Thursday. The fun-filled event, supported by the United Bank for Africa (Plc), was held at the Azalaï Hotel in Abidjan Cote d’Ivoire. It was witnessed by distinguished players in finance, public and entertainment industries in Franco-Phone Africa’s largest economy […]
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The National Bureau of Statistics (NBS), says Consumer Price Index (CPI), which measures inflation increased by 18.72 per cent (year-on-year) in January from 18.55 per cent recorded in December, 2016. The CPI, which measures the average change over time in prices of goods and services consumed by people for day to-day living is 0.17 per […]
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