BUSINESS
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No Nigerian Bank Is Shutting Down as Recapitalisation Strengthens Sector – ACAMB
Nigeria’s banking industry is not in crisis. No bank is shutting down. And contrary to alarmist claims circulating on social…
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Customs Moves to Sanction Banks Over Delayed Revenue Remittance
Nigeria’s port revenue architecture is entering a stricter compliance era as the Nigeria Customs Service (NCS) signals its readiness to…
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Lekki Deep Sea Port Hits 50% Capacity as Nigeria Customs Automation Accelerates Cargo Flow
Nigeria’s flagship deep seaport, Lekki Deep Sea Port, has reached nearly 50 per cent of its designed operational capacity, with…
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CBN Revokes Licences of Aso Savings, Union Homes in Fresh Mortgage Banking Cleanup
The Central Bank of Nigeria (CBN) has withdrawn the operating licences of Aso Savings and Loans Plc and Union Homes…
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NDIC Begins Insurance Payment to Depositors of 2 Failed Banks
Nigeria’s deposit insurance safety net has been formally activated as the Nigeria Deposit Insurance Corporation (NDIC) commenced insurance payments to…
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Continental Reinsurance’s Strategic Shift to Botswana Signals a New Era for African Risk Capital
In a decisive move that underscores the evolving geography of Africa’s financial power centres, Continental Reinsurance Holdings has successfully relocated…
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The Fuel Wars: How Dangote’s Price Cut Is Shaking Nigeria’s Downstream Oil Market
Nigeria’s downstream petroleum sector has entered its most consequential phase since deregulation, as Africa’s largest refinery moves decisively to seize…
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FutureMakers by NASENI: Nigeria’s Visionary Project for Innovation Leadership
Executive Vice Chairman, National Agency for Science and Engineering Infrastructure (NASENI), Khalil Suleiman Halilu; Chairman, Senate Committee on NASENI, Senator…
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NIMASA Clears Nigeria of Ownership Claims in Intercepted Vessel, VLCC Skipper
Nigeria’s maritime authority has moved swiftly to protect the country’s international shipping reputation, firmly distancing Nigeria from reports linking it…
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