BUSINESS
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First Bank, GTB, 10 Others Bag N499b CBN Fine
First Bank of Nigeria Plc and the Guaranty Trust Bank (GTB) with 10 other major Nigerian banks have been fined…
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Lawmakers Forbid VAT increase, Make New Proposition
The Nigerian Senate has fully rejected the proposed 7.5% Value Added Tax (VAT) currently planned by the Federal Government to take…
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May & Baker Nigeria Plc Appoints New Chairman As Theophilus Danjuma Quits
May & Baker Nigeria Plc has announced the exit of its Director and Chairman of Board of Directors, Theophilus Danjuma. The pharmaceutical…
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Shubham Chaudhuri Becomes World Bank New Country Director for Nigeria
The World Bank has appointed Mr Shubham Chaudhuri as the new Country Director for Nigeria, succeeding Mr Rachid Benmessaoud who…
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At 59, Nigeria Needs New National Business Model To Progress—Soludo
As Nigeria celebrated its 59th independence yesterday, a former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo…
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Again, CBN Increases Banks’ Minimum Loan-To-Deposit Ratio
The Central Bank of Nigeria (CBN) has again increased the minimum loan-to-deposit ratio (LDR) of commercial banks up from the…
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Air Peace Bags Rights to Commence Daily Flights to South Africa
The South African Government has granted Air Peace’s request to commence commercial flights to Johannesburg, South Africa. This was confirmed by the Ministry of…
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Dangote Anticipates $30 billion Group Revenue in Refinery Project
Africa’s richest man, Alhaji Aliko Dangote has expressed confidence in his current project of building one of the world’s biggest refineries in Lagos.
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CBN Governor Makes Case for Nigerians to Support Local Industries
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has cited smuggling as the biggest problem confronting the textile…
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Firstbank Prepares 500,000 Agents to Boost financial inclusion in Nigeria
First Bank of Nigeria Limited has put plans in top gear to get up to 500,000 operators on board its…
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