Business
FG to Invest $289bn in Local Refining for Five Years
The Federal Government plans to invest $289 billion in local refining of over 2.555 billion barrels of crude oil in...
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AfDB to Lend $500m to Women in 2022- Adesina
...Impacted 335 million people in 6 years The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, on Sunday...
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CBN FX Sales To Dealers Decline By 24.65% To $21.82bn As FX Scarcity Lingers
The Central Bank of Nigeria (CBN) sold a total of $21.82billion foreign exchange to authorised dealers in 2021, compared with...
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MTN Nigeria Now Worth N5trn, More Valuable Than All Nigerian Banks, Insurance Companies Combined – Report
Nigeria’s telecommunication giant, MTN Nigeria, is now worth N5 trillion making it more valuable than all banks, insurance companies, and...
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Nigeria To Earn $2bn Advertising Revenues In Three Years – Lai Mohammed
The Federal Government says at the conclusion of the on-going reform in the creative industry and advertising sector, the country...
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Naira Falls Big at Black Market as FX Supply Records Significant Decline at I&E Window
The exchange rate between the naira and the US dollar closed at N420.33/$1 at the official Investors and Exporters (I&E)...
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Nigeria’s Diaspora Remittances Set to Increase
Based on a World Bank report, remittance flows to low and middle-income countries (LMICs) are expected to increase by 4.2%...
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Customs Building Impeding Cargo Movement in Apapa – CCECC
The China Civil Engineering Construction Corporation (CCECC) has said that a building belonging to the Nigeria Customs Service, situated inside...
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Current Visa Policy Hampers Nigeria-US Trade, Says Lagos US Consulate
The Head of Commercial Section/Commercial Counsellor, Lagos US Consulate, David Russell, on Tuesday said that the current visa environment between...
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Naira Rises as Nigeria’s Foreign Reserve Dips Below $39bn
The exchange rate between the naira and the US dollar closed at N418.5/$1 at the official Investors and Exporters (I&E)...
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