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  • Nigeria’s unemployment rate rises to 13.3% – NBS

    The National Bureau of Statistics on Wednesday said the country’s unemployment rate has risen from 12.1 per cent in the first quarter of this year to 13.3 per cent as at the end of the second quarter....

    • Posted September 2, 2016
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  • Online fraudsters hit capital market – SEC warns

    The Securities and Exchange Commission has raised the alarm over the activities of some online fraudsters, who are currently running an online investment scheme tagged ‘MMM Federal Republic of Nigeria’. The fraudsters, according to SEC, carry out...

    • Posted September 2, 2016
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  • Credit to private sector rises to N21.425tn in Second Quarter

    At N21.425trillion, banking system’s credit to the private sector grew by 13.5 per cent in the second quarter of 2016, compared the previous quarter. The Central Bank of Nigeria (CBN) disclosed this in its second quarter 2016...

    • Posted September 1, 2016
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  • NSE Index rises 0.46% as market rebounds on bargain hunting

    The Nigerian equities market rebounded yesterday after opening on a bearish note on Monday. The market, which went down by 0.30 per cent on Monday, appreciated by 0.46 per cent yesterday on bargain hunting in bellwether stocks....

    • Posted September 1, 2016
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  • NEXIM Bank, Bauchi move to boost non-oil sectors

    The acting Chief Executive Officer of NEXIM Bank, Mr. Bashir M. Wali, recently met with the Governor of Bauchi State, Mohammed Abdullahi Abubakar on how to explore opportunities in export-oriented investments in agro-processing, solid minerals and solid...

    • Posted September 1, 2016
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  • Shareholders contemplate court action to stop unclaimed dividends fund

    Determined to stop the Securities and Exchange Commission (SEC) from moving unclaimed dividends of 12 years to the proposed Nigerian Capital Market Development Fund (NCMDF), some shareholders are planning a court action, THISDAY checks have revealed. The...

    • Posted September 1, 2016
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  • External reserves rise by $595m in five days

    The nation’s foreign exchange reserves have increased by $595m to hit a one-month high of $26.196bn, the latest data from the Central Bank of Nigeria have shown. This came on Monday just as the naira traded around...

    • Posted September 1, 2016
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  • EFCC to prosecute firms not remitting pensions

    The National Pension Commission on Tuesday said it was engaging the Economic and Financial Crimes Commission to prosecute individuals and companies that had yet to remit the pensions of their employees that were deducted at source. It...

    • Posted August 31, 2016
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  • Naira hits 418/dollar as forex scarcity lingers

    The naira plunged to 418 against the dollar at the parallel market on Tuesday as scarcity of foreign exchange continued to weigh on the official interbank and black market. The local currency, which closed at 414 against...

    • Posted August 31, 2016
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  • Mark Zuckerberg in Nigeria, excited about technology drive

    Facebook’s Chief Executive Officer, Mark Zuckerberg, is currently in Nigeria to see how Facebook can better support technology development and entrepreneurship in the country and other African nations. The Facebook CEO visited a ‘Summer of Code Camp’...

    • Posted August 31, 2016
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  • LCCI faults allocation of 60% forex to manufacturers

    The Lagos Chamber of Commerce and Industry has faulted the allocation of 60 per cent foreign exchange to the manufacturing sector, describing it as one of the policy inconsistencies of the government making it difficult to regain...

    • Posted August 30, 2016
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  • Investors await N212.85bn T-bill auction this week

    Investors in the country’s capital market are optimistic that the next Treasury bill auction slated for this week will boost activities in the fixed income market. Expectedly, there were no significant movements in liquidity level last week,...

    • Posted August 30, 2016
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  • FirstBank partners NBCC to drive MSME growth

    First Bank of Nigeria Limited has partnered the Nigerian-British Chamber of Commerce to jointly host a Micro, Small and Medium Enterprises workshop to focus on the fundamentals of building a sustainable business. According to a statement by...

    • Posted August 30, 2016
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  • SEC may sanction operators over complaint management framework

    The Securities and Exchange Commission (SEC) has intensified efforts to implement the complaints management framework introduced last year, following slow compliance to the policy. SEC had developed rules on complaints management in February 2015 as part of...

    • Posted August 30, 2016
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