All posts tagged "featured"

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  Exporters lose N78bn to dollar restriction, others

  The ongoing conflict between stakeholders and the Central Bank of Nigeria over the export repatriation policy, which came into force in February 2015, has forced some non-oil exporters to abandon the sector, while others have gone underground...

  • Posted February 3, 2016
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  NCC approved Visafone’s acquisition to save CDMA – Danbatta

  The Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar Danbatta, has said that the NCC approved the acquisition of Visafone by MTN to save the Code Division Multiple Access operators in the country. “With the acquisition, the...

  • Posted February 3, 2016
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  DPR shuts Hudson Petroleum depot

  The Department of Petroleum Resources has shut down a depot operated by Hudson Petroleum Limited in Calabar, Cross River State, for allegedly selling petrol above the regulated depot price as well as hoarding the product. The DPR...

  • Posted February 3, 2016
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  Four Nigerian banks among world’s top 500

  First Bank of Nigeria Limited, Guaranty Trust Bank Plc, Zenith Bank Plc and United Bank for Africa have been named among the world’s top 500 banks. A new study conducted by the United Kingdom-based The Banker Magazine...

  • Posted February 2, 2016
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  Nigeria may lose 37% of GDP to corruption

  Corruption could cost Nigeria about 37 per cent of its Gross Domestic Product by 2030 if the situation is not addressed immediately, a new report has indicated. The report, Impact of Corruption on Nigeria’s Economy, equates this...

  • Posted February 2, 2016
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  Dollar scarcity delays petrol importation – Marketers

  The country may experience another round of petrol scarcity soon if the naira continues to depreciate in value, particularly against the United States dollar, oil marketers have said. The marketers noted that sourcing for dollars to import...

  • Posted February 2, 2016
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  FG seeks $3.5bn emergency loans from World Bank, AfDB

  The Federal Government is seeking from the World Bank and the African Development Bank the sum of $3.5bn (N697bn) in emergency loans to fill a growing gap in its budget in the latest sign of the economic...

  • Posted February 2, 2016
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  Nigeria a re-emerging economy –Indian envoy

  The immediate past Indian High Commissioner to Nigeria, Mr. Aijampur Ghanashyam, has described his country’s trade relationship with Nigeria as cordial and improving. He also said going by Nigeria’s vast natural endowment and economic achievement in the...

  • Posted February 2, 2016
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  FG distributes 250,000 cocoa pods to farmers

  The distribution of free hybrid cocoa pods under the Federal Government-sponsored Cocoa Transformation Agenda of the past administration will end this year after four years. According to findings by our correspondent, the last batch of 250,000 pods...

  • Posted February 1, 2016
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  Banks advance N21.3tn loans in 10 months

  The total domestic credit from the banking sector to the economy dropped by 0.8 per cent to N21.3tn as of the end of October 2015, statistics obtained from the Central Bank of Nigeria have revealed. The CBN...

  • Posted February 1, 2016
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