The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018. Figures obtained from the Bank indicate that the amount released was for requests in the agricultural, airlines, petroleum products
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The inter-bank Foreign Exchange Market has received the sum of $210million from the Central Bank of Nigeria (CBN), to meet customers’ requests in various segments of the market. In its determination to meet the customers’ needs in the sundry segments of the market, the CBN offered $100million to authorized dealers in
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Players in the palm oil sector in Nigeria have called on the Federal Government not to yield to the request of some foreign companies operating in the country to import crude oil palm into the country under the ECOWAS Trade Liberalisation Scheme (ETLS) as this will lead to dumping of
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The Presidential Amnesty Programme Beneficiaries have produced and distributed 1500 bags of Rice. The beneficiaries during their training and mentorship phases, nurtured, milled and packed 1500 bags of high quality rice grains. This process took place in a farm in Ogoja, Cross Rivers State. In a press statement made available to journalists
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Lagos State Government on Tuesday sealed off the premises of Chisco Transport, Ifex Express Limited, GUO Transport, and other major commercial transport operators in Jibowu area of Yaba, Lagos. Permanent Secretary, Ministry of Transportation, Olufemi Salami, acting on the approval of the Acting Commissioner for Transportation, Anofiu Elegushi, said the move
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Nigeria Communications Commission (NCC) said 14.3 million active network users have been lost within 10 months in the GSM subscribers category as active mobile subscription from 9mobile, MTN, Glo and Airtel crashed from 154.7 million in January to 140.4 million in October, 2017. You can recall that MTN and 9mobile lost
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In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc has signed a pact with foremost e-commerce platform, Jumia Nigeria, to offer for sale its cement to customers online. At the unveiling of the deal in Lagos,
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The Governor of Edo State, Mr. Godwin Obaseki, has approved 150 hectares of land and N100million seed capital for the 150 Libyan returnees and victims of human trafficking, who completed a skills acquisition training at the Edo Agricultural Development Programme (ADP) office in Benin City, the Edo State capital. Obaseki, who
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Nigeria’s Gross Domestic Product, GDP, grew in third quarter of 2017 by 1.40 per cent in real terms, the National Bureau of Statistics, NBS, said on Monday. In a report titled ‘Nigeria Gross Domestic Product Report’, the NBS noted that the development represents the second consecutive positive growth since the emergence
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Business mogul and Chairman of the Appeal Fund Raising Committee for victims of fire incidents in Kano markets, Alhaji Aliko Dangote, Monday in Kano presented a cheque of N500 million to the committee as he redeemed his pledge to help alleviate the suffering of the traders. According to the state Governor,
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