The Naira maintained N360 to the dollar at the parallel market on Monday in Lagos. The Nigerian currency had been trading at N360 to the Dollar for four days running, while the Pound Sterling and the Euro closed at N486 and N420, respectively. Trading at the investors’ window saw the naira close at N361.40 with […]
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The Central Bank of Nigeria (CBN), on Saturday, directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. Mr Dipo Fatokun, CBN’s Director, Banking and Payment Systems Department, gave the directive at the ‘Meet The Executive’ forum organised by Finance Correspondents Association of Nigeria (FICAN) […]
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The Naira on Friday remained stable at the parallel market in Lagos, exchanging at N360 to the dollar, the News Agency of Nigeria(NAN) reports. The Nigerian currency had traded at same rate for the past two days, while the Pound Sterling and the Euro closed at N480 and N421 respectively. At the Bureau De Change […]
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Chris Ngige, minister of labour and employment, says the federal government will review the newly introduced 500 percent excise duty on alcoholic beverages. Samuel Olowokere, director of press, ministry of labour and employment, made this known in a statement on Friday in Abuja. The minister was quoted to have made the comment when members of […]
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NIGERIA – The minister of finance, Kemi Adeosun, says the stalemate at the federation account allocation committee (FAAC) meeting will delay the payment of salaries. Adeosun made this known while briefing state house correspondents on the deliberations at the national economic council (NEC) meeting presided over by Vice President Yemi Osinbajo. She said the council […]
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The Asset Management Corporation of Nigeria (AMCON), says that only 350 Nigerians are responsible for more than 80 per cent of the N5.4 trillion debt portfolio of the company. The Managing Director/Chief Executive Officer of AMCON, Ahmed Kuru disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday. According […]
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The Executive Vice Chairman of the Nigerian Communications Commission (NCC) Prof. Umar Garba Danbatta on Thursday said the 36.6 million telephone lines withdrawn from telecom operators in March this year, were found to be redundant. Danbatta spoke in Abuja on the sideline of the 84th Edition of Telecom Consumer Parliament (TCP) . The News Agency of Nigeria […]
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NIGERIA – The minister of trade and investment, Okechukwu Enelamah, says there is no cause for alarm in respect to the recent global poverty report released by Brookings Institution – a report that said Nigeria has replaced India as the world’s poverty capital with six people slipping into poverty every minute. While responding to questions […]
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The Director General of the Debt Management Office (DMO), Patience Oniha, in a chat with Reuters on Wednesday, said the federal government is planning to borrow $2.8 billion to fund the deficit of the recently passed 2018 budget. “We will explore all options keeping in mind our twin objectives of extending the tenor of the debt […]
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Facebook said on Tuesday it was easing a ban on ads for cryptocurrencies while keeping a prohibition on initial coin offerings to raise assets. The move comes five months after the leading social network said it was banning all ads related to cryptocurrencies like bitcoin as a way to curb scams. To place ads on […]
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