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  • Why Yuan currency swap will reduce pressure on forex market – Emefiele

    Central Bank of Nigeria (CBN) Governor, Mr. Godwin Ifeanyi Emefiele, has expressed optimism that the agreement reached between Nigeria and China last week on a currency swap will strengthen the naira and help reduce the strong demand...

    • Posted April 19, 2016
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  • FG subsidises petrol by N10.31 per litre

    The marginal rise in the price of crude oil in the international market has led to an increase in the actual cost or Expected Open Market Price of the Premium Motor Spirit, popularly called petrol, in Nigeria....

    • Posted April 18, 2016
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  • Nigeria doesn’t need IMF loan – FG

    The Federal Government has said the economic challenges currently facing the country are surmountable without it having to take any loan from the International Monetary Fund. The Minister of Finance, Mr Kemi Adeosun, stated this while speaking...

    • Posted April 18, 2016
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  • NIPOST to introduce banking services to rural areas — Shittu

    The Nigerian Postal Services will soon introduce banking services to rural areas of Nigeria, Minister of Communications, Adebayo Shittu, has said. Shittu told the News Agency of Nigeria on Sunday in Abuja, that the banking services would...

    • Posted April 18, 2016
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  • Fuel queues won’t disappear till May — Marketers

    The queues for petrol in major cities across the country will not disappear completely until next month, oil marketers have said. This is coming as motorists and other petrol seekers still formed queues in front of many...

    • Posted April 18, 2016
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  • FG’s $6bn Chinese deal comes with proviso

    Details of the $6 billion dollars investments deal reached with the Chinese Government during President Muhammadu Buhari’s state visit to China last week emerged at the weekend showing that a conditional stipulation that Nigeria must not deal...

    • Posted April 18, 2016
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  • 250,000 barrels of oil per day being lost in Niger Delta – Osinbajo

    Vice President Yemi Osinbajo said at the weekend that pipeline vandalism in the Niger Delta was causing Nigeria huge revenue losses and preventing the country from meeting its daily crude oil production plan. Osinbajo made the assertion...

    • Posted April 18, 2016
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  • Buhari moves to stop data hosting overseas

    President Muhammadu Buhari will stop the country’s data from being hosted overseas as soon as indigenous data centres have enough capacity locally to handle data generated within Nigeria. The Minister of Communications, Adebayo Shittu, stated this during...

    • Posted April 17, 2016
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  • National ID won’t replace INEC voter card – NIMC

    The National Identity Management Commission on Friday said there were no plans to replace voter cards issued by the Independent National Electoral Commission with the electronic national identification cards. It said this while denying reports in the...

    • Posted April 17, 2016
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  • Foreign investors now reinvesting trapped funds in Equities Market

    Still smarting from inability to convert their Naira funds into United States Dollars and repatriate same home, some foreign investors are now reinvesting their trapped Naira in the Nigerian equities market, reports the world’s leading investment firm...

    • Posted April 17, 2016
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  • 363,000 companies never paid any tax – Adeosun

    Minister of Finance, Mrs. Kemi Adeosun, has disclosed that in the last seven months, the Federal Government has discovered 363,000 companies operating in Nigeria that have never paid any tax before. These companies were said to have...

    • Posted April 17, 2016
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  • SEC makes fresh moves to handle unclaimed dividends

    The Securities and Exchange Commission (SEC) in collaboration with other market stakeholders in the capital market are making fresh moves to tackle the issue of unclaimed dividends. In this regard, a market-wide committee is to be set...

    • Posted April 16, 2016
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  • Group warns against distracting Emefiele

    A Kano-based political pressure group, Coalition for Excellence in Governance (CEG), has described those calling for the sack of the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, as “detractors” who are behind the...

    • Posted April 16, 2016
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  • Backward integration: Nigeria looks to Dangote, others

    Backward integration, a practice where companies are encouraged to cultivate their own raw materials by purchasing their suppliers or establishing farms to grow produce for their factories, gained momentum in Nigeria following the crash in crude oil...

    • Posted April 16, 2016
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