Sat. Dec 14th, 2019

Osinbajo says tradermoni and marketmoni beneficiaries are doing very well and are paying back their loans

The vice president  Yemi Osinbajo urged TraderMoni and MarketMoni beneficiaries of the loan schemes to continue to pay back their …
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Nigeria to charge 5% on every online purchase you make with your bank cards from next year

Babatunde Fowler, the FIRS boss says Nigerian banks will be used as an agent in achieving the 5% value-added tax …
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NNPC SEEKS CHEVRON’S SUPPORT TO BUILD CONDENSATE REFINERY

As part of efforts to grow local refining capacity, the Nigerian National Petroleum Corporation (NNPC) has called for collaboration with …
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Constituency projects worth N2trn yields no result since 2000, says ICPC

The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, said the nation had spent about …
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Estimated Billing: Mojec partners 8 banks on meter acquisition financing

Mojec Meter Assets Management Company, a subsidiary of Mojec International Limited has partnered with eight banks to provide retail financing …
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TRADE AND INVESTMENT BUDGET HIT A ROAD BLOCK

The Senate Committee on Trade and Investment has rejected the ministry’s 2019 Budget of N15.63 billion. The rejection followed alleged …
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NIGERIA GOVERNMENT HAD  WASTED N10TRN ON PETROL SUBSIDY BETWEEN 2006 AND 2018

Nigerian government has spent N10 trillion on petrol subsidy 2006 and 2018 – BudgIT wants an end to subsidy regimes …
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Tony Elumelu Foundation picks 3,050 entrepreneurs for 2019 programme

The Tony Elumelu Foundation (TEF) has selected 3,050 African entrepreneurs, drawn from all 54 African countries, to join the 5th …
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NNPC  HAD DRILLED UP TO 6,700FT IN SEARCH OF OIL

NNPC said it has drilled up to 6,700 feet so far in the search for oil at the Kolmani River …
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African SMEs must engage factoring to ease access to finance– Afreximbank

The African Export-Import Bank (Afreximbank) has urged all African SMEs to engage factoring as a viable and sustainable solution to …
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Breaking: CBN restricts sale of forex to importers of textiles

The Central Bank of Nigeria, CBN, has directed commercial banks and Bureau the Change operators to, immediately, stop sale of …
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How a unified exchange rate regime will impact Nigeria’s economy

Analysts at Financial Derivatives Company Limited have made a strong case for a unified exchange rate regime, saying this is …
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UBA, Japan collaborate to promote MSMEs in Africa

United Bank for Africa (UBA) Plc has indicated its readiness to support the Japanese government in its drive to promote …
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We engage the right personnel to teach critical courses – Rector, MAN

The Maritime Academy of Nigeria, MAN, Oron, in Akwa Ibom State, the Rector, Commodore Emmanuel Effedua, has said that only …
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Nigeria, others to mobilise $2bn to finance energy projects across Africa

The Federal Government, yesterday, disclosed that it is working with other oil and gas producers in Africa, under the auspices …
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How to attract, retain foreign capital — Elumelu

Founder of Tony Elumelu Foundation, TEF, and Chairman of one of Africa’s leading commercial banks, United Bank for Africa Plc …
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Oil price rises further as OPEC intensifies efforts on supply cut

The price of crude oil has recorded further spike opening the week yesterday at $62.90 per barrel, a 20 cent …
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ENERGY SECTOR LOANS: Heritage Bank boss calls for policy review

AT the backdrop of renewed fears over toxic assets emanating from loans to the energy sector, the Managing Director of …
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Oil prices slip as U.S. crude output nears 12 million bpd

Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as …
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2019 insurance industry outlook

INSURANCE operators are entering year 2019 with great optimism, hoping that the year will turn out better than 2018. Operators …
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NNPC to crash price of cooking gas

The Nigerian National Petroleum Corporation (NNPC) is set to implement an effective commercial framework that would halt the export of …
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Dangote named Africa’s richest man in Forbes billionaires ranking

Aliko Dangote retains the Africa’s richest man title for the eighth consecutive time. This is even as the Dangote Group …
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Nigeria’s e-payment transactions hit N56.85trn

Reports from Nigerian Interbank Settlement System, NIBSS, have indicated that Nigeria’s electronic payment (e-payment) services recorded transactions worth N56.85 trillion …
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Oil sector would remain relevant for long — Buhari

Minister of State for petroleum Resources, Mr. Ibe Kachikwu, yesterday, stated that until the downstream sector of the Nigerian petroleum …
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Petrol pump price is still N145, PPPRA reassures

The Executive Secretary, Petroleum Products Pricing Regulatory Agency, Abdulkadir Saidu,  says the Federal Government has no plans to increases the …
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Eurobond: External reserves record first increase in 4mths

The nation’s external reserves reversed its four months downward trend, gaining $476 million in three days this week, buoyed by …
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Advertisement expenditure drops by 3.3% to N88bn in 2017

Advertising expenditure in Nigeria fell by 3.3 percent to N88.1billion in 2017 from N90.9billion in 2016. This was disclosed by …
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FG earns N1.7trn oil revenue in 3 years

Nigeria may have earned about N1.68 trillion as revenue from oil between 2015 and 2017 The Department of Petroleum Resources, …
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Getting business loans from banks (Concluding)

In the last few weeks we have published some information on some selected banks’ SME credit facilities. We highlighted some …
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OPEC trims oil demand forecasts

OPEC on Tuesday trimmed its global oil demand forecasts for this year and next, as kingpin Saudi Arabia tries to …
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Corporate earnings: Investor sentiment causes N109bn loss in 4 days

Investors in the equities market have lost a total of N109 billion in the four trading days in this week …
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SME financing: DBN joins SME Finance Forum

The Development Bank of Nigeria (DBN) has joined SME Finance Forum, a global membership network that brings together financial institutions, …
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CIIN tackles quest for foreign insurance certification

THE Chartered Insurance Institute of Nigeria, CIIN, said that it is putting modalities in place to tackle the quest for …
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Naira down to N364.33/$ in I&E window

THE, Naira, yesterday, depreciated to N364.33 per dollar in the Investors and Exporters (I&E) window even as the volume of …
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Osinbajo to kick-off entrepreneurship forum

Vice President Yemi Osinbajo, will lead other national and international dignitaries to declare open the 5th edition of the four-day …
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NNPC denies holding $3.5bn subsidy fund

The Nigerian National Petroleum Corporation, NNPC, denied claims that it has in its custody $3.5 billion subsidy fund. In a …
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Private investors ready to invest $3.23bn in mining sector –Minister

The Ministry of Mines and Steel Development says private investors have expressed their readiness to commit about 3.32 billion dollars …
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AMCON wants Polaris Bank sold in two years

The Asset Management Corporation of Nigeria has said it wants a quick sale of Polaris Bank, the lender created to …
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Mr Cosmas Maduka

Entrepreneurs should limit bank credit to 10% of needed funds — Maduka

The Founder and Chief Executive of Coscharis Group, Dr. Cosmas Maduka, said entrepreneurs should limit bank credit to not more …
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Oil money

Oil price drops to $83 on signs of Iran’s exports

Oilprice fell yesterday by 65 cents to $83.51 per barrel against $86.74 (four-year high) recorded at the close of the …
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Mobile money: Banks only have to cooperate or compete with telcos, says CR2

Irish vendor and software provider, CR2 has advised the Banking sector to open itself for cooperation with the telecommunications companies …
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Our refineries will be fully functional before 2019 ending – Kachikwu

The Minster of State for Petroleum, Dr Ibe Kachikwu, has said that it would be sad if the nation’s refineries …
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Capital market operators caution FG on financing of infrastructure

Capital market operators, under the aegis of Chartered Institute of Stockbrokers (CIS), have cautioned the federal government to be less …
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EU-Nigeria trade volume hits N8.9trn

The total trade volume between Nigeria and European Union Member States stood at 25.3 billion Euros (about N8.9 trillion) in …
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Business booming for giant cargo planes

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Trump-Putin: Your toolkit to help understand the story

Lorem ipsum dolor sit amet,sed diam nonumy eirmod tempor invidunt ut labore et dolore magna aliquyam erat, At vero eos …
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Why local US newspapers are sounding the alarm

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