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NNPC authorized to acquire 20 per cent stake in oil refineries

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President Muhammadu Buhari in a bid to attract investment, has authorized the Nigerian national Petroleum Corporation (NNPC) to acquire 20 per cent stake in...

Naira-for-Dollar policy by CBN will boost economy

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The African Centre for Justice and Human Right (ACJHR), by Nduka Edede Chinwendu, has hailed the introduction of the ‘Naira-for-Dollar’ policy by the Central...

Dangote Cement, BUA Cement and Lafarge investors lose N590billion in one...

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The setback started in the second week of last month, as stock prices of cement companies began to drop due to sell-offs among investors....

Banks fund 273,435 businesses with N1.8tr loan –CBN

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The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Tuesday disclosed that commercial banks in Nigeria have pooled about N1.80 trillion, $1.36...

Stock market gains N1trn in two days

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Investments in stock market soared to new heights yesterday as more money are diverted from money market into the stocks bringing investors’ gains to...

Fidelity Bank appoints Obih, Opara as Directors

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THE Board of Directors of Fidelity Bank Plc has announced the appointment of Engr. Henry Ikem Obih as an Independent Non-Executive Director with effect...

Access Bank restructures to HoldCo, expands to Southern Africa

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Access Bank Plc yesterday announced that it has received the Central Bank of Nigeria’s approval-in-principle to restructure to a holding company (“HoldCo”).   The proposed HoldCo...

Money laundering: 13 rich Nigerians under probe

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Less than two weeks after it froze accounts of  38 companies over  foreign exchange(forex) infractions, the Central Bank of Nigeria(CBN) has again ordered banks...

Reps probe N494bn alleged school-feeding funds fraud

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The House of Representatives, yesterday, begun probe of over N494 billion budgeted from inception and the identity of the nine  million pupils who benefited...

FG declares N1.689b as public support donations for COVID-19

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As private sector coalition raises N27.1b Office of the Accountant General of the Federation (OAGF) has declared that the public sector raised N1.689b for the...

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