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  • Emefiele blames naira fall on US policy, importation

    The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, explained to the Senate on Tuesday that some harsh monetary decisions taken by the United States and Nigeria’s over dependence on foreign goods were responsible for the continuous...

    • Posted January 21, 2016
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  • France promises visa for Nigerian business owners

    France has pledged to ease visa processes to make it possible for more Nigerian entrepreneurs to travel to the country to establish business outfits. The Consul General of the French Embassy in Lagos, Mr. Laurent Polonceaux, made...

    • Posted January 21, 2016
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  • FCMB unveils e-invoicing initiative for SMEs

    First City Monument Bank Limited says it has introduced a tracking and reconciliation solution with electronic invoicing capabilities for Small and Medium-scale Enterprises. The bank said in a statement that the ‘FCMB e-invoicing’ was a unique payment...

    • Posted January 20, 2016
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  • Banks to charge stamp duties fee as FG seeks to boost revenue

    In line with the federal government’s drive to shore up non-oil revenue, the Central Bank of Nigeria (CBN) has directed commercial banks as well as other financial institutions under its regulation, to with immediate effect commence charging...

    • Posted January 20, 2016
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  • GTBank to reward mobile banking customers

    Guaranty Trust Bank said it had launched a competition to reward its mobile banking customers by presenting a chance for them to win N100,000 weekly. The competition, tagged ‘#GTBankMobileWin100k,’ will run throughout January 2016 and ten lucky...

    • Posted January 20, 2016
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  • Banks process cheques worth N4.69tn in nine months

    The banking sector processed 10.06 million cheques worth N4.69tn in the first nine months of 2015, figures obtained from the Nigerian Interbank Settlement System have revealed. The NIBSS stated this in its electronic payment fact sheet covering...

    • Posted January 20, 2016
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  • Again, PPMC, Marketers defy FG on new ex-depot price of petrol

    The Pipelines and Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) and most of the oil marketing companies were yet to implement the new ex-depot prices of petrol at the weekend, THISDAY’s...

    • Posted January 20, 2016
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  • Credit Bureaux records 29 million registered borrowers

    The credit bureau operators in Nigeria have continued to record steady increase in the number of registered borrowers as a total of 29,285,471 customers were captured as at October 2015. From a mere 78,189 as at December...

    • Posted January 20, 2016
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  • NSE, FMDQ lists Transcorp Hotels Plc N10billion bond

    The Nigerian Stock Exchange (NSE) and FMDQ OTC Securities Exchange yesterday listed the Transcorp Hotels Plc N10 billion Series 1, 7-Year 16 per cent Fixed Rate Unsecured Bonds under a  N30 billion Medium-Term Bond Programme.  Transcorp Hotel...

    • Posted January 20, 2016
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  • Oil drops below $28 for first time since 2003

    The price of Brent crude fell below $28 per barrel monday for the first time in 12 years, as oil traders braced for Iran’s return to the global oil market after years of economic isolation as a...

    • Posted January 20, 2016
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  • NSITF tasks NNPC on employees’ compensation scheme

    Managing Director and Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Umar Munir Abubakar has enjoined the management of the Nigerian National Petroleum Corporation (NNPC) to expedite action in the registration of employees of the...

    • Posted January 20, 2016
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  • NCAA warns airlines over arbitrary increase of air fares

    The Nigerian Civil Aviation Authority (NCAA) has warned scheduled commercial airline operators in Nigeria to desist from arbitrarily increasing miscellaneous charges on ticket payment content without the authority’s approval. Airlines have variously been accused of padding charges...

    • Posted January 19, 2016
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  • Dangote invests in tomato production to create jobs, tackle poverty in Kano

    It is a situation that mirrors the giant oil industry, where Nigeria has abundant resources but has lacked the capacity, will or ability to exploit it, forcing a reliance on imports. But Africa’s richest man, Aliko Dangote...

    • Posted January 19, 2016
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  • Higher food prices, transportation push inflation to 9.6%

    The Consumer Price Index (CPI), which measures inflation, rose further to 9.6 per cent in December compared to 9.4 per cent in the previous month, according to the National Bureau of Statistics (NBS). The 0.2 per cent...

    • Posted January 19, 2016
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