Category: business news

Central Bank Governor, Emefiele, Afreximbank President, Oramah, Others Under EFCC, NFIU Investigations Over $300million Paid To Acquire Union Bank

The Central Bank of Nigeria Governor, Godwin Emefiele; the President of African Export-Import Bank (Afreximbank), Prof. Benedict Oramah; among others are currently under investigation over the $300million the pan-African multilateral…

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Nigeria earns zero revenue in one month from Crude Oil for the first time

At a time like this when many oil exporting countries are following the international crude oil market with broad smiles, the Nigerian National Petroleum Company (NNPC) Limited posted zero revenue…

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ARCON issues Turkish company 7-day ultimatum to pay N481 million debt owed Nigerian company

The Advertising Regulatory Council of Nigeria (ARCON) has given Hayat Kimya, a Turkish company, a seven-day ultimatum to pay a N481 million debt. This was made known in a statement…

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TikTok app opens recruitment in Nigeria

Short-form video streaming app TikTok has opened recruitment portals to fill positions in Nigeria and other countries.  The job listings were seen on Tiktok’s career page and the open positions…

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Nigeria has gotten help from World Bank on fuel subsidies

The President of the World Bank Group, David Malpass, has said that the bank is ready to support Nigeria in phasing out regressive fuel subsidies while increasing social assistance for…

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CBN loans to FG hit N20.6trn-IMF and World Bank raised alarm

The Federal Government has shown no signs of putting the brakes on its recourse to the Central Bank of Nigeria (CBN) as its borrowing from the apex bank more than…

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5G Network data speed Starts Operations in Nigeria

Nigerians will today, wake up to a new, revolutionary telecommunications service, known as the fifth generation, 5G network services. The network is said to have the capability to offer Nigerians…

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CBN announces a USSD code *997# for eNaira transactions.

The Central Bank of Nigeria (CBN) has unveiled a new shortcode for subscribers of its digital currency, eNaira to make financial transactions on the platform. The aim is to enhance…

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Fed Govt directs NAICOM to deepen insurance penetration

The Federal Government has directed the National Insurance Commission (NAICOM) to deepen insurance penetration by making insurance companies develop new insurance products and policies. Minister of Finance, Budget and National…

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19.64% inflation rate highest-ever in 17 years, says NBS

NIGERIA’S inflation rate rose from 18.6% to 19.64% within a month, the National Bureau of Statistics said yesterday. The Bureau attributed the 17-year all-time high 1.82% jump – the highest…

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