Federal and state government have agreed that states should no longer seek loans from banks but focus on internally generated revenue to…
Economy
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The Central Bank of Nigeria will today announce details of the much anticipated ‘flexible’ foreign exchange rate policy. Acting Director, Corporate Communications…
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The Federal Government recorded a deficit of N725.18 billion in its fiscal operations in the first quarter of 2016, according to data…
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Indications emerged weekend that banks have started to close the accounts of suspected Bureaux de Change and some politically exposed persons to…
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Bank workers can now heave a sigh of relief, as Deposit Money Banks, under the aegis of Bankers Committee have agreed to…
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International carriers may follow the example of United Airlines and Iberia and halt operations in Nigeria or cut flights as they struggle to…
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The European Union has extended its ban on importation of dried beans from Nigeria by three years. Dr Vincent Isegbe, the Coordinating…
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Nigeria’s crude oil export dipped further by 130,000 barrels per day, as operators yesterday said the Trans Niger Pipeline, TNP, operated by…
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Acting Managing Director, Bank of Industry (BOI), Mr Waheed Olagunju, said that the bank targeted to disburse N212 billion this year which…
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In spite of the scarcity and restrictions in the nation’s foreign exchange market, seven banks made N78 billion trading in foreign exchange…
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Central Bank of Nigeria Communique No 107 of the Monetary Policy Committee Meeting of Monday and Tuesday 23rd and 24th May 2016…
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Retains MPR at 12%; CRR 22.5 %, Liquidity at 30% The Central Bank of Nigeria, CBN, yesterday, announced “a flexible exchange rate…
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Turmoil in Nigeria, shale bankruptcies in the United States and Venezuela have contributed to tightening crude oil supplies. Oil prices rose as…
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BusinessEconomyNewsOil and Gas
Gas pipeline in Niger Delta operated by Nigeria’s NNPC attacked: community group
A gas pipeline in Nigeria’s restive Niger Delta region operated by the state energy company was attacked late on Thursday, a spokesman…
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Nigeria economy shrank in the first quarter of 2016 as oil output fell and the manufacturing, financial and real estate industries declined…