Nigerians spent about N1.77tn on national calls and short messages in 2020. This is according to the analysis of data released by the Nigerian Communications Commission recently released in document titled ‘2020 subscriber/network data report’. NCC put total outgoing local …
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The Nigerian Institution of Estate Surveyors and Valuers have rejected the monthly house rent proposal of the Minister of Works and Housing, Babatunde Fashola. NIESV President, Emmanuel Wike, told journalists at a press briefing in Abuja on Sunday that although …
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The Association of Bureaux De Change Operators of Nigeria has assured members of the public that Bureaux De Change operators are still providing foreign exchange services. ABCON said while the dollar sale from the Central Bank of Nigeria had helped …
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Bank Chief Executive Officers on Thursday, held an emergency meeting on how to ensure compliance with the new forex directive of the Central Bank of Nigeria. After the meeting, they spoke during a webinar organised to give an update on …
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The naira slumped further to 523/$ at the parallel market on Wednesday, a day after the Central Bank of Nigeria stopped the allocation of foreign exchange to Bureau de Change operators in the country. The naira, which exchanged to the …
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The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in the first quarter of 2021. The National Bureau of Statistics disclosed this in its report titled, ‘Nigerian capital importation (Q1 …
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•We are formalising, developing, enhancing value- Minister Six months after the Federal Government declared its intention to establish an international gemstones market in Ibadan and stated that it had commenced the process for the construction, media source reports that the …
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• Indicts operators for money laundering • We receive 5,000 fresh BDC applications monthly, says Emefiele • MPR, other monetary parameters retained • Decision a rumour until we see CBN circular, operators insist • Cordros Research: Discontinuation of FX to …
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As the Monetary Policy Committee (MPC) meets, experts have called on the Central Bank of Nigeria (CBN) to keep monetary policy rates at current values while strengthening intervention initiatives in critical sectors of the economy. According to experts, maintaining the …
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Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in the world, the World Bank said on Monday. The Country Director for Nigeria, World Bank, Dr Shubham Chaudhuri, said this …
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Oil and gas firms led the upturn in the stock market on Monday as investors gained N94.04bn at the end of trading on the floor of Nigerian Exchange Limited. The NGX All-Share Index appreciated by 0.47 per cent on Monday …
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Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite the lower trade volume occasioned by the public holidays on Tuesday and Wednesday. The NGX All-Share Index closed 1.90 per …
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The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change operators. Figures obtained from naijbdcs.com, the official website for the licensed BDCs by the Central Bank of Nigeria showed that …
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•Farmers decry worsening insecurity, FG promises intervention The cost of food items in Nigeria has been recording significant increases in the past one year. A survey carried out by our correspondents in markets across Lagos, Ogun and Federal Capital Territory …
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The Purchasing Managers Index revealed that the Nigerian economy contracted in May, according to data obtained from the Central Bank of Nigeria on Thursday. The personal statements of some members of the Monetary Policy Committee indicated that the PMIs for …
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The Senate Committee on Trade and Investment has called on the Federal Government to give out the Eleme-Onne Road in Rivers State to a private investor for reconstruction and management, considering that the road is a key transport artery for …
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The Commissioner for Commerce, Industry and Cooperatives in Lagos State, Dr Lola Akande, has stated that the Lagos Micro Small and Medium Enterprises Exclusive Fair will position MSMEs for growth and continually yield dividends long after the event. According to …
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The Committee on Public Accounts has prayed the House of Representatives to issue warrants of arrest on Governor of the Central Bank of Nigeria, Godwin Emefiele; Group Managing Director of the Nigerian National Petroleum Corporation, Melee Kyari; Sole Administrator of …
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Twenty-two firms listed on the Nigeria Exchange Limited saw their share prices increase on Monday, with trading volume rising by 189.27 per cent. Investors in the equities market gained N3bn as the market capitalisation rose to N19.77tn while the NGX …
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The Managing Director of the Assets Management Corporation of Nigeria, Ahmed Kuru, on Monday disclosed that so far, the corporation had recovered about N1.48tn out of N4.158tn owed by bank debtors. He stated that due to debt recovery challenges the …
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