The country’s external reserves lost $167.2m in July, as the naira fell further to the dollar. Figures obtained from the Central Bank of Nigeria on movement of external reserves showed that the reserves which ended June 30, 2023 at $34.12bn, …
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.President Bola Ahmed Tinubu in a warm handshake with Google Global Vice President, Richard Gingras, at the Presidential Villa in Abuja…. recently President Bola Tinubu has expressed the willingness of the Federal Government of Nigeria to support global tech giant Google …
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Nigerian businesses have been told to brace up for higher costs of doing business and lower revenue following the impact of recent economic reforms by the government. PriceWaterHouseCooper (PwC) analysts stated this in a report tagged ‘Nigeria Economic Outlook’. They …
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Putin Nigerian and African companies will get preferential loans from Russia to buy industrial goods from the European country and enjoy after-sales services. Russian President, Vladimir Putin disclosed that his government was devising a leasing mechanism tailored for Africa, and …
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Cordros Capital has advised families to be strategic with wealth management and transfer plans. The company’s operators gave wealth creation and trans-generational wealth transfer tips during discussions at the Cordros Wealth Summit 2023 in Lagos. The summit, themed, ‘The future …
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The Corporate Affairs Commission has said it will remove 100,000 registered companies from its database soon. During a training on ‘Use of the beneficial ownership register’, in Lagos, the Registrar-General and Chief Executive Officer, CAC, Alhaji Garba Abubakar, disclosed the …
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Shettima and Putin President Vladimir Putin of Russia on Thursday pledged closer ties with Nigeria and other African countries, assuring leaders in the continent that the European country was ready to partner African states to develop their energy, Information Communication, …
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Google has partnered with Verve to make digital transactions on Google Play Store easier for Nigerians. The firm noted that as from Wednesday, Nigerians could now use their Verve cards to make purchases on the Google Play Store. It stated …
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The International Monetary Fund has projected that Nigeria’s economic growth will decline in 2023 and 2024 due to security issues in the oil sector. It stated that the country’s economy would grow at 3.2 per cent in 2023, before declining …
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The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 25 basis points to 18.75 per cent. The Acting CBN Governor, Folashodun Shonubi, disclosed this while reading the communiqué of the …
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Currency dealer at work Travellers are expressing their disappointment and frustrations as airfares continue to skyrocket, making it increasingly difficult for individuals to embark on their desired trips. The rising costs, coupled with economic uncertainties, have left many passengers in …
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CEO, FCCPC, Babatunde Irukera The Federal Government through the Federal Competition and Consumer Protection Commission has said it will release a list of illegal (unregistered) digital loan apps operating in Nigeria. It also said it would delist two legal (registered) …
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A group of Point of Sales operators in Nigeria have protested against the increased service charges in the country which took effect on Monday. The Association of Mobile Money and Bank Agents in Nigeria announced new service charges for operators …
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The Central Bank of Nigeria has said it recovered N471.82bn as cumulative repayment from the bank’s intervention programmes in the first half of 2022. According to the apex bank’s half-year report for 2022, the recovery rate rose by 67.3 per …
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The International Labour Organisation has pledged to support the Nigerian government in its plan to deliver over two million digital jobs to reduce the nation’s unemployment rate. The ILO Country Director for Nigeria, Ghana, Liberia, and Sierra Leone, Vanessa Phala …
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Foreign investments to the manufacturing sector dropped by 35 per cent from $392.5m in the fourth quarter of 2022 to $256m in the first quarter of 2022, the National Bureau of Statistics’ capital importation report for 2023 Q1 has shown. …
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The total number of issued Bank Verification Numbers rose to 57.96 million as of July 3, 2023, according to data obtained from the Nigeria Inter-Bank Settlement System Plc. This was as the Central Bank of Nigeria planned to the close …
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Aliko Dangote The President of the Pan-African Conglomerate, the Dangote Group, Aliko Dangote, has again been ranked as the richest man in Africa for 12 years, according to Forbes. This was disclosed in a statement on Tuesday titled ‘Forbes 2023 …
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Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax of N167.45bn between the first quarter of 2022 and Q1 2023, according to findings by media. The total tax was raised from Value …
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The Federal Competition and Consumer Protection Commission has said it will delist any loan application harassing customers and ask Google to permanently delete such apps from its app store. This was in response to the continued harassment and defamation being …
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