A Federal High Court in Lagos, has halt the electricity tariff increment announced by the Nigerian Electricity Regulatory Commission, NERC. The judge,…
Category:
Economy
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BusinessEconomyMaritimeNews
Buhari fires Abdullai, appoints Ms. Hadiza as new Managing Director, NPA
President Muhammadu Buhari has appointed Ms. Hadiza Bala Usman, the founder of the Bring Back Our Girls Group as Managing Director of…
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Nigeria’s multi-billion dollar investment in the West African Gas Pipeline Company, WAPCO, is in jeopardy as management of the company, yesterday, raised…
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Nigeria’s advertising industry recorded media spend of N97.9 billion in 2015 against the N93.1 billion recorded in 2014; representing an increase of…
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Central Bank of Nigeria (CBN) has said that no bank in Nigeria is distressed. In a statement signed by its Acting Head…
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BusinessEconomyFinanceNews
Skye Bank’s New GMD Explains CBN Action, Assures Customers of Safety of Funds
The new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has affirmed the Central Bank of Nigeria’s (CBN) statement…
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Nigerian oil output rose last month following repairs to infrastructure that had been damaged by militant attacks. Nigeria pumped an average of…
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West Africa Container Terminal (WACT) and The APM Terminals Apapa Ltd are to provide weighing services to exporters. They have installed controls…
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A new Group Managing Director has been appointed for the Nigeria National Petroleum Corporation NNPC. He is Dr Maikanti Kacalla Baru. By…
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The Central Bank of Nigeria (CBN) has disclosed that the Nigeria economy is in recession as economic activities declined faster in June…
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Some federal government agencies now operate bank accounts in violation of the Treasury Single Account (TSA). The TSA is a bank account…
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Zenith, First Bank, Gtbank, Access Bank and Diamond are among the ten Nigerian banks that made the 2016 Top 1000 World Banks…
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The new foreign exchange policy yesterday received a $20 million foreign investment boost as the Central Bank of Nigeria, CBN, and Citibank…
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The Refinery and Fertilizer projects of Dangote Industries Limited is expected to create a minimum of both direct and indirect job of…
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The exit of Britain from the European Union (EU) has a number of immediate and remote implications for the Nigerian economy. First,…