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Business

Ways To Solve Nigeria’s Economic Crisis—CIBN

August 9, 2016
The Chartered Institute of Bankers of Nigeria (CIBN), Lagos State branch, has proffered solutions to the economic crisis in Nigeria. The body said for the country to get out of the woods, her economic managers must apply what it called “macroeconomic drivers.” The CIBN insists that if local production and export are encouraged by the government, the nation’s external reserves
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Eurobond: DMO Searches For Legal, Technical Advisers

August 9, 2016
The process of appointing two international banks as joint lead managers and a local bank as financial adviser for the planned Federal Government Medium Term Note (FGMTN) Programme (2016-2018) as well as the issuance of $1 billion out of the $4.50 billion FGMTN programme in 2016 has commenced. The agency handling this on behalf of Federal Government is the Debt
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Naira Hits N350 Per Dollar At Interbank Market

August 9, 2016
The Naira recorded an all-time low of 350 to the dollar during trading at the interbank market on Tuesday, August 9, 2016. Business Post correspondent gathered that this has further given some foreign investors another reason to stay away from the Nigerian economy at the moment. On Monday, it was reported that some foreign airlines have decided to shun their
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Agriculture Remains My Priority—Buhari

August 9, 2016
  President Muhammadu Buhari has said his administration will continue to accord agriculture superior importance through programmes and initiatives designed to motivate the citizens to produce enough food to feed the nation. The President made this known when he received the outgoing Ambassador of the Socialist Republic of Vietnam, Mr Hoang Ngoc Ho, at the State House on Tuesday. He
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Buhari Urges Friesland Campina To Educate Cattle Farmers

August 9, 2016
An appeal has gone to the Global Chief Executive Officer of Friesland Campina, The Netherlands, Mr Roelf Joosten, to educate cattle farmers in Nigeria on the need to know that “quality matters more than quantity.” President Muhammadu Buhari, who received Mr Joosten on Tuesday at the State House, decried the culture of waste foisted on the country due to lack
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Politics

CANEX Prize for Publishing in Africa

Afreximbank Offers $20,000 CANEX Prize for Publishing in Africa

May 21, 2024
By Adedapo Adesanya Afreximbank has announced the launch of the $20,000 CANEX Prize for Publishing in Africa to promote a vibrant literary culture across Africa and encourage the development of a sustainable business ecosystem in the literary sector. The prize, which is open for submission, is a partnership between the CANEX Book Factory and Narrative Landscape Press Limited. The CANEX
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Travel

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Ebrahim Raisi

Iran’s President Ebrahim Raisi Dies in Helicopter Crash

By Modupe Gbadeyanka The President of Iran, Mr Ebrahim Raisi, has died in a helicopter crash alongside eight other persons, including the country’s Foreign Minister, Mr Hossein Amir-Abdollahian. His death came a few weeks after Iran fired missiles into Israel, which did
May 20, 2024
CBN IMTOs

CBN Withdraws Cybersecurity Levy Circular to Banks

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has finally withdrawn its circular to banks and payment service providers on the collection and remittance of a cybersecurity levy of 0.5 per cent proposed in the Cybercrime Prevention and Prohibition Amendment Act
May 20, 2024
trade volume

Nigeria-Germany Trade Volume Reaches €3bn

By Adedapo Adesanya The German Ambassador to Nigeria, Mrs Annett Gunther, has disclosed that the Nigeria-Germany trade volume currently stands at about €3 billion. Mrs Gunther, who made this known in an interview with the News Agency of Nigeria (NAN) on Sunday
May 20, 2024
EFCC Real Estate Agents

EFCC Gives FBI $22,000 Recovered From Convicted Fraudster

By Adedapo Adesanya The Economic and Financial Crimes Commission (EFCC) says it has handed over $22,000 recovered from a convicted internet fraudster, Mr Hakeem Olanrewaju, to the Federal Bureau of Investigations (FBI). In a statement released by the EFCC spokesperson, Mr Dele
May 20, 2024
Nyesom Wike

SERAP Drags Wike, Governors to Court Over FAAC Allocations

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has sued the Minister of the Federal Capital Territory, Mr Nyesom Wike, and the 36 state governors over their failure to account for trillions of FAAC allocations collected by their states and
May 20, 2024
Nigerian OTC securities exchange

OTC Exchange Rises 1.17% Amid High Trading Volume

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.2 per cent appreciation on Friday, May 17 amid a large trading activity that saw three price gainers and four price losers. The market capitalisation of the OTC exchange jumped by
May 18, 2024
print Naira massively

Pressure Eases on Naira, Gains 2.4% at Official Market

By Adedapo Adesanya The Naira regained strength against the American Dollar on Friday in the Nigerian Autonomous Foreign Exchange Market (NAFEM), which is the official foreign exchange (FX) market in the country. Data obtained by Business Post showed that the local currency improved
May 18, 2024
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