U.S.-China trade war has boosted the risk of a U.S. recession, say a strong majority of economists polled by Reuters, who now put the chances of that happening in the next two years at 40 per cent. That is up from a median 35% in last month’s poll, the first time it had dipped slightly […]
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The Naira on Thursday closed at N360.35 at the investors’ window. Market turnover at the window stood at N152.09 million dollars. The naira remained stable at the parallel market in Lagos, exchanging at N359 to the dollar, while the Pound Sterling and the Euro traded at N472 and N402, respectively. At the Bureau De Change […]
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Rotimi Akeredolu, governor of Ondo state, says the state could diversify its economy by tapping into the marijuana market. In a tweet on Monday, Akeredolu explained that with an estimated value of $145 billion in 2025, the state would be shortchanging itself if it ignores the marijuana business. “We all know that Ondo State is […]
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The Joint Admissions and Matriculation Board (JAMB) remitted N5 billion to the federal government’s coffers after the conduct of its 2019 unified tertiary matriculation examination (UTME). Fa bian Benjamin, JAMB’s head of media and information, disclosed this in the board’s weekly bulletin, tagged “JAMBULLETIN”. Benjamin later explained that out of the N5 billion returned to […]
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The United Bank for Africa (UBA) on Thursday, announced that Mr Abdoul-Aziz Dia will join the bank’s Board of Directors subject to the approval of the Central Bank of Nigeria. Mr Dia, a Senegalese citizen, has over 25 years of banking experience garnered from several countries across the globe, including the United Kingdom, France, Nigeria, […]
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The Securities and Exchange Commission (SEC) said that it has approved MTN Nigeria’s application to list on the Nigerian Stock Exchange (NSE) by way of introduction. Mrs Efe Ebelo, SEC Head, Corporate Communications, confirmed this to the News Agency of Nigeria (NAN) in Lagos. Ebelo said the commission has approved the company’s application to be […]
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The Naira on Tuesday gained 40 Kobo to exchange at N359 to the dollar at the parallel market in Lagos, stronger than N359.6 traded on Monday. The Pound Sterling and the Euro closed at N470 and N402, respectively. Trading at the Bureau De Change (BDC) segment saw the naira closing at N360 to the dollar, […]
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The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that no fewer than 130 textile companies have died in the country in recent times due to some constraints. Emefiele made the statement during a courtesy call on Gov. Aminu Masari of Katsina State on Monday. ‘’Textile industries used to be the […]
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The Tony Elumelu Foundation (TEF), Africa’s foremost champion of entrepreneurship, will host its 5th Annual Forum — the largest annual gathering of African entrepreneurs – on July 26 – 27, 2019. The two-day event will take place at the iconic Transcorp Hilton Hotel, Abuja. The Forum is the culmination of the annual Tony Elumelu Foundation […]
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Prices of tomato and pepper have soared by 60 per cent in some markets in Lagos, a development that is supposed occasioned by the forthcoming Ramadan. In a survey conducted at Mile 12, Oke Odo, Oyingbo and Iddo markets, Lagos, reveals that a 40 kilogramme (kg) basket of tomato, which cost N5,000 two weeks ago […]
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