The Nigeria Deposit Insurance Corporation (NDIC) says it has paid out a cumulative N6.831 billion insured deposits to 528,277 depositors of 49…
Finance
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The Central Bank of Nigeria (CBN) has said that 32 million active bank accounts have yet to be enrolled on the Biometric…
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Lazard Ltd. hired former Nigerian Finance Minister Ngozi Okonjo-Iweala as a senior adviser after the government of Goodluck Jonathan was voted out…
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The Association of Bureaux De Change Operators of Nigeria (ABCON) yesterday suspended Director of Amazon BDC, Mr. Nwokenta Kingsley, arrested last week…
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A Nigerian, Dr Benedict Oramah, yesterday formally assumed office as the new President of Afreximbank, in Cairo. Oramah, who was elected president…
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Some capital market operators, on Monday blamed the Nigerian Stock Exchange (NSE) for the dismal performance of some listed stocks in recent…
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President Muhammadu Buhari said yesterday in Paris, France that he opposed a further weakening of the naira and openly endorsed the Central…
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BusinessEconomyFinanceNewsOil and Gas
ExxonMobil pumps first oil production at Erha North Phase 2 Project
ExxonMobil Corporation on Wednesday announced the pumping of first oil by its subsidiary, Esso Exploration and Production Nigeria Limited, ahead of schedule…
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—Long list of MDAs account provided by CBN —interbank money market frozen — Law makers support FG — Calabar Teaching hospital expresses…
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BusinessEconomyFinanceNews
Foreign suppliers shut credit lines to Nigerian businesses, CBN accuses operators of round-tripping
By Omoh Gabriel, Business Editor *Hotels saddled with large amounts of idle foreign cash *Quality of loan assets in banking system at…
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The value of shares traded on the Nigerian Stock Exchange on Tuesday rose by N105 billion, moving from N10.334 trillion recorded previous…
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Equities transactions on the Nigerian Stock Exchange (NSE) on Monday reopened for the week on a positive note as market indicators improved…
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AgricultureBusinessEconomyFinanceNews
Forex restrictions: Ghanaian timber exporters at risk of losing N6bn
The restriction by the Central Bank of Nigeria (CBN) on the sale of hard currency to importers of some 41 items seem…
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The Nigerian Sovereign Investment Authority, NSIA, manager of the Sovereign Wealth Fund, SWF, weekend, assuaged fears over the prevailing challenging global economic…