Business

Fed Govt’s policy causes 20% revenue drop from car imports — NPA

The Nigerian Ports Authority (NPA) said on Thursday that revenue on car importation into the country dropped by 20 per cent this year, a fallout ...

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OPEC: Nigeria opposes boost in crude oil supply

The Minister of state for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, said Nigeria would advise against additional oil supply to the global market by the Organisation ...

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Financial inclusion: Unbanked population in Nigeria stands at 37% – CBN

Barely two years to the 2020 target to reduce unbanked Nigerians to 20 per cent, the Central Bank of Nigeria (CBN) says the country’s unbanked ...

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Nigerian banks lose N12.3bn to fraud – NIBSS

The Nigerian Inter-Bank Settlement System (NIBSS), has said the banking industry lost N12.30 billion to various frauds between 2014 and 2017. NIBSS Managing Director, Mr ...

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Asset sales: AMCON restructures, seeks speedy disposal strategies

  The Asset Management Corporation of Nigeria (AMCON) has disclosed that the corporation has restructured its processes from within in anticipation of better outcomes in its ...

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Ariaria market obtains independent electricity licence

In an effort to boost power at the Ariaria International Market, Aba, Abia State, the Nigerian Electricity Regulatory Commission (NERC) has granted power generating licence ...

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FG spends N643.6bn on domestic debt servicing – DMO

The Federal Government spent N643.6 billion on servicing the nation’s domestic debt for January to March, says the Debt Management Office (DMO). In its Quarterly ...

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Instagram launches app for long videos

Facebook Inc-owned social network Instagram launched a mobile app on Wednesday dedicated to user-generated videos up to an hour long, intensifying the competition for consumers’ ...

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CBN boosts forex market with $210m

The Central Bank of Nigeria (CBN) said the apex bank boosted the foreign exchange market with 210 million dollars to meet customers’ requests in various ...

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Dangote Cement pays out 90% net profit as dividend

Dangote Cement on Wednesday paid out a dividend of N10.50 per 50k share, representing 90 per cent of net profit for 2017 business year. The ...

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