Category: Business News
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Buhari promises to intervene on gas price hike
The Minister of State for Petroleum, Timipre Sylva, has said that President Muhammadu Buhari is aware and concerned about the hike in the price of gas and is promising action to ameliorate the situation. He said this while addressing State House correspondents after a meeting with the President in his office where he presented CEOs…
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Access Bank partners SME.NG to roll out Ebi Marketplace
SME.NG in partnership with Access bank Plc and other leading institutions, including the Bank of Industry (BOI), LAPO Microfinance Bank, Chapel Hill Denham,
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CBN MPC retains lending rates at 11.5%
The Central Bank of Nigeria (CBN’s) Monetary Policy Committee (MPC) has maintained its key lending rate at 11.5 per cent, also leaving other parameters unchanged.
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TotalEnergies kicks off activities to mark African Customer Week 2021
TotalEnergies will from Monday, November 22nd to Friday, November 26th hold its African Customer Week. As part of activities
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Oil firm boss charged to court over attempt to defraud CBN of $100m
The Federal Government has charged the Group Managing Director (GMD) of an oil marketing firm, Triumph Oil and Gas Madgascar
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eNaira may reduce deposits in commercial banks, IMF warns CBN
The International Monetary Fund has said the eNaira wallet may function as a deposit at the Central Bank of Nigeria and consequently reduce demand for deposits in commercial banks.
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Reps order banks to suspend collection of customs duty
The House of Representatives Committee on Customs has asked the Nigeria Customs Service to suspend banks owing the service from further
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Lagos, FCT, Rivers top list of states with highest IGR in Nigeria
The 36 states and the Federal Capital Territory generated N849.123bn as Internally Generated Revenue (IGR) in 2021 compared to N612.87bn in 2020. A report by the National Bureau of Statistics (NBS) yesterday disclosed that N398 billion was generated in the first quarter of 2021 and N450bn in the second quarter, making a positive growth of…
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[JUST IN] PSBs: CBN grants ‘approvals in principle’ to two telecoms companies
The Central Bank of Nigeria (CBN) on Tuesday granted approvals in principle towards the licensing of payment service banks (PSBs) to two leading
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GMD UBA, Kennedy Uzoka wins ‘Finovator of the Year’ Award
The Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, Kennedy Uzoka, has been announced as the winner of the Finovator of the Year’ Award for the year 2021. The Finovator of the Year’ Award is organised by the Finnovex West Africa Awards 2021, co-located with Finnovex West Africa Virtual Summi,…