The Central Bank of Nigeria (CBN) has injected $142.5 million into the inter-bank foreign exchange, days after intervening in the retail segment of the market with $254.3 million. The spokesperson of the apex bank, Mr Isaac Okorafor, in a statement, said on Monday that CBN would continue to carry out its regular mediation in the […]
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Telecoms group Etisalat has finally announced the termination of its management agreement with its Nigerian arm. According to Reuters, the company has given few weeks to operators of the brand to phase out Etisalat in Nigeria Hatem Dowidar, chief executive of Etisalat International, said the company, with a 45 percent stake in the Nigerian business, […]
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Port workers are set to embark on nationwide protests on Tuesday over their disagreement with some sections of the Ports and Harbour Bill, which they observed could lead to massive job losses. A source close to the Maritime Workers Union of Nigeria (MWUN) told the News Agency of Nigeria on Sunday in Lagos that the […]
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…Wins Nigeria’s Best Bank & Africa’s Best Bank for SMEs Top African financial institution, Guaranty Trust Bank plc reaffirmed its position as a leading global brand with its recent recognition as ‘Nigeria’s Best Bank & Africa’s Best Bank for SMEs’ during the 2017 Euromoney Awards which held in London on Thursday, July 06, 2017 at […]
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Cement industries are actively working hard to reduce the price of the commodity to boost the nation’s housing and the construction sector. The Chairman of BUA Cement, Alhaji Andulsamad Rabiu, told the State House correspondents after a closed door meeting with the Acting President, Prof. Yemi Osinbajo, in the Presidential Villa, Abuja that plans are […]
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The Nigeria Customs Service (NCS) will commence the second round of another 48 hours of bidding on July 10 as the e-auction committee reloads the portal with more items. The Public Relations Officer of the NCS, Mr Joseph Attah said in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. Attah […]
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Nigeria’s Minister of Budget and National Planning, Udoma Udo Udoma has reassured Nigerians that the country will come out of the economic recession before the end of 2017. He told journalists after briefing members of the National Working Committee (NWC) of All Progressives Congress (APC) on the implementation of the 2017-2020 Economic Recovery and Growth […]
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The Federal Government has provided N40 billion to settle reconciled outstanding electricity bills of its ministries and agencies. Mr Udoma Udo Udoma, the Minister of Budget and National Planning, told “The Situation Room”, a group of civil society organisations, on Tuesday in Abuja. The gesture was part of strategy to revamp the power sector, he […]
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No more petrol or diesel cars, buses, or trucks will be sold anywhere in the world within eight years. The entire market for land transport will switch to electrification, leading to a collapse of oil prices and the demise of the petroleum industry as we have known it for a century. This is the futuristic […]
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In its recent rating review of Access Bank Plc, foremost rating agency in Nigeria, Agusto & Co, has raised the Bank’s rating from “A+” to “Aa-”, with a stable outlook. The upgrade reflects Access Bank’s strong financial profile, resilient profitability levels and solid capital position. Agusto & Co also recognised Access Bank as an institution […]
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