The African Development Bank (AfDB) has expressed its support to the African Union (AU) in implementing Africa’s commitments for an accelerated agricultural…
Finance
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The value of electronic payment rose by 150 percent in two years to N35 trillion in 2014, reflecting the impact of the…
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British aid given to an agency investing in infrastructure projects in poor nations has been wasted on travel and by poor financial…
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The trade volume between Nigeria and China in 2014 exceeded 16 billion dollar in 2014, Deputy Chief of Mission, Chinese Embassy, Mr…
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Minister of Transport, Idris Umar, has constituted a committee to review the concession agreement between the Federal Government and private operators of…
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BusinessEconomic IndicatorsFinanceNews
Insurers, traders divided on insurance cover for fire incidents
Insurance operators and traders are divided over the lack of insurance cover to mitigate losses suffered by traders during fire incidents. Market…
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Last week Tuesday, the CBN Governor met with the organised private sector to discuss developments in the foreign exchange market. He gave…
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By Chukwuma Charles Soludo, CFR I read some of the responses to my article, “Buhari vs Jonathan: Beyond the Election”, and I…
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BusinessEconomyFinanceNewsOil and Gas
Diesel price cannot be reduced under current exchange rate — MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) on Friday said that the pump price of diesel can not be reduced, until…
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…project executed with 100% raw materials from Nigeria The Federal Government yesterday commissioned a N60billion integrated steel mill in Shagamu, Ogun State…
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The Managing Director International Monetary Fund IMF, Christine Lagarde has advised managers of Nigeria economy to re-examine the nation’s fiscal and monetary…
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*Urges Nigerians not to panic The Central Bank of Nigeria, CBN, yesterday threatened to suspend banks that help in fueling speculative demand…
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The Naira on Monday rebounded to gain N6 against the dollar following the Central Bank of Nigeria’s (CBN) plan to upwardly review…
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The Securities and Exchange Commission (SEC) has approved plans by Access Bank Plc to raise N52.6 billion through rights issue for its…
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BusinessEconomyFinanceNews
Gross earnings for accommodation sector stands at N2.5bn in 3 years — NBS
The National Bureau of Statistics (NBS) yesterday said the gross earnings for the accommodation sector stood at N2.5 billion between 2010 and…