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Finally, AMCON transfers Mainstreet, Enterprise to Skye, Heritage banks
Managing Director, AMCON, Mr. Mustafa Chike-Obi The Asset Management Corporation of Nigeria (AMCON) on Tuesday officially transferred the ownership of Mainstreet Bank Limited and Enterprise Bank...
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IMF warns Nigeria, others of headwinds from China, US
Christine Lagarde, Managing Director of the International Monetary Fund (IMF) The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has warned that African economies could...
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DPR mutes upward review of licence fees for oil marketers
The Department of Petroleum Resources (DPR) said on Wednesday that it was considering a review of filling station licence fees for oil marketers and operators in the oil and gas industry. The Zonal...
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Nigerian-American Chamber to promote non-oil exports
The Nigerian-American Chamber of Commerce (NACC) has said it will focus on improving trade relations in non-oil sectors in between both countries. The National President, NACC, Mr. Olabintan Famutimi,...
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Brent oil holds above $48 a barrel after U.S. stocks hit record high
Brent crude oil futures held above 48 dollars a barrel on Thursday as investor inflows offset data showing that U.S. crude stocks went up. Brent was up 26 cents at 48.73 dollars a barrel. Meanwhile,...
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More microfinance banks may collapse, says operator
NDIC WORKSHOP FOR OPERATORS IN THE MICROFINANCE BANKING SUB-SECTOR IN ABUJA Mr Aminul Bhuiya, Managing Director of Asha Microfinance Bank, in Lagos on Thursday said more microfinance banks in the...
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Aganga: Diversification, vital to avert economic crisis
Olusegun Aganga The Minister of Industry, Trade and Investment, Mr, Olusegun Aganga, on Thursday stated that Nigeria must diversify its economy to achieve economic development. Aganga, who pointed...
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China to buy more crude oil from Nigeria
Following the loss of America’s market for its crude oil last year, China has stepped forward to fill the gap by pledging to buy more oil from Nigeria. According to the country’s Deputy Chief of...
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World of counterfeit : Pirated books, fake drugs worth N1.77bn impounded in...
Maritime activities closed for the week with seizures of pirated boos and fake drugs, valued at N1.770 billion at the Lagos Port Complex. The Customs Area Controller, Apapa Area 1 Command, Mr Eporwei...
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FG’s agric incentives boost tomato business in Kano
Tomato farmers in Kano State may soon overcome the uncertainties surrounding their business as Dansa Foods, a branch of Dangote Group, commences operation. This was disclosed on Thursday when the team...
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We have no business importing tooth picks in Nigeria— Emefiele
CBN Governor, Mr Godwin Emefiele, During the CBN Governor, Mr Godwin Emefiele, meeting with the organised private sector to discuss developments in the foreign exchange market last week, he talked...
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Customs rakes in N9.6bn in 2014 at Seme Border
Comptroller-General of Customs, Alhaji Dikko Abdullahi The Seme Command of the Nigeria Customs Service (NCS) on Monday said it generated N9.6 billion between January and December 2014. This is...
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Nigerian doll created by Taofik Okoya now outselling Barbie
Nigerian entrepreneur, Taofik Okoya, has created Nigerian dolls that are outselling the Barbie doll, the UK Daily Mail is reporting. The paper said according to Reuters, 9,000 units of the £4.50...
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NSE market indicators close higher on Monday
Equity transactions at the Nigerian Stock Exchange (NSE) closed on the upward trend after two consecutive days of huge price depreciation last week. The market capitalisation, which opened at N9.846...
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Four Nigerian banks among top 500 Global Banks
FirstBank of Nigeria Limited, Zenith Bank Plc, Guaranty Trust Bank Plc (GTBank) and Access Bank Plc have been ranked number one banking brand in Nigeria among the ‘Top 500 Banking Brands’ by The Banker...
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Nigeria has lowest electricity tariff in Africa — Nebo
Minister of Power, Prof Chinedu Nebo The Minister of Power, Prof Chinedu Nebo, said on Monday in Abuja that Nigeria had one of the lowest electricity tariffs in Africa. Nebo said this at the...
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Jonathan receives forensic audit on NNPC, says no cause for alarm
President Goodluck Jonathan on Monday in Abuja received the Forensic Audit report on the Nigerian National Petroleum Corporation (NNPC) from the international auditing firm, Water House. He said that...
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CBN to boost forex liquidity with $30,000 to BDCs
In order to improve liquidity in the Bureau De Change (BDC) segment of the foreign exchange market, the Central Bank of Nigeria (CBN) has disclosed plans to conduct a special intervention in that...
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Investors trade N3.81bn, as All-Share Index appreciates by 159.29 points
Investors on the Nigerian Stock Exchange (NSE) on Tuesday staked N3.81 billion on 396.808 million shares in 4,885 deals, as All-Share Index appreciated by 159.29 points. The News Agency of Nigeria...
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Oil prices fall after new build in U.S. crude stocks
Oil prices fell on Wednesday after a new build in U.S. crude stock levels put a global glut back in focus. U.S. crude futures were down $1.15 at $51.90 a barrel. Brent was $1.03 lower at $56.88 a...
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