UK Supreme Court has granted Nigerian National Petroleum Corporation NNPC over $100 million relief. NNPC management said it got the reprieve in…
Category:
Business
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BusinessEconomyFinanceNews
Toshiba seeks new loan, offers memory chip unit stake as collateral: sources
Toshiba Corp has asked creditor banks for a new loan and offered as collateral a stake in its memory chip unit that…
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United Bank for Africa (UBA), Africa’s Global Bank operating in 19 African countries said it has promoted 3,000 staff members, reinforcing its…
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Indications are that the federal government may soon review the pump price of fuel from the current N145 per litre to N150.…
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–boosts forex supply by $240m …$150m for wholesale auction …$90m for BTA, PTA, medicals, etc. …Adjusts $10,000 BDC sale to Tuesdays only…
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A German court has rebuffed Volkswagen’s attempt to prevent prosecutors from using information seized during searches of the law firm which the…
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DEPUTY Senate President Ike Ekweremadu has said that volatile exchange rate killing industries, small and medium enterprises SMEs in the country, He…
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BusinessEconomyNewsOil and Gas
Fuel scarcity looms as Tanker Drivers threatens nationwide indefinite strike
Indications are that Nigeria may be plunged into another round of fuel scarcity as a result of the decision of PETROLEUM Tanker…
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The Central Bank of Nigeria has advised bank customer to report any bank which fails to sell BTA, PTA, Tuition and medicals…
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BusinessEconomyFinanceNews
IMF to Nigeria: ambitious structural reforms are key to achieving a competitive, investment-driven economy that is less dependent on oil
International Monetary Fund IMF has told federal government that an ambitious structural reforms are key to achieving a competitive, investment-driven economy that…
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BusinessEconomyFinanceNewsUncategorized
CBN increases FOREX supply to BDCs…offers $100m for forwards
In line with its pledge to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria CBN) will from Monday,…
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The Federal Ministry of Finance has constituted the Federal Ministry of Finance has constituted the board and named management of the newly…
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The Federal Government has said that it has priced its offering of $500 million aggregate principal amount of notes at a yield…
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The Central bank of Nigeria has approved a Wholesale Development Finance Institution Licence with national spread to the Development Bank of Nigeria…
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Minister of Finance, Mrs. Kemi Adeosun, has disclosed that the government is set to go after wealthy Nigerians who evade payment of…