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CBN alleges illegal trafficking in foreign currency across Nigeria’s borders

AS the Central Bank of Nigeria (CBN) battles to arrest the waning value of the Naira against major currencies of the world, particularly the...
Business

Devaluation: Financial experts predict slowdown in economic activitie

Financial experts on Tuesday predicted that a further devaluation of the Naira would slowdown economic activities and deepen a current lull in the nation’s...
Business

Nigerian Billionaire Femi Otedola’s Forte Oil Signs $83 Million Contract With Siemens

Forte Oil, Nigeria’s largest petroleum marketing company which is majority-owned by billionaire Femi Otedola, has signed an $83 million contract with Siemens to upgrade...
Business

60 Reforms Implemented To Diversify Nigeria’s Economy – Aganga

The former minister of industry, trade and investment, Mr Olusegun Aganga, has said that over 60 reforms and 12 game- changing programmes were implemented...
Business

Jail Multichoice/DSTv MD, Lawyers Urge Court

Following an interim order by the Federal High Court sitting in Lagos, compelling Multichoice to suspend  increment of its subscription fees, two Lagos-based legal...
Business

CBN Gives Banks Three Months To Submit Recapitalization Plan

The Central Bank of Nigeria, CBN has directed some systemically important banks considered too big to fail, that are short of capital to submit...
Business

Shareholders Task SEC on Mutual Funds Regulation To Boost Investor Confidence

Some shareholder groups on Wednesday called on the Securities and Exchange Commission (SEC) to ensure strict regulation of the Collective Investment Schemes (CIS) operating...
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