Category : Economy News

The Economic and Financial Crimes Commission (EFCC) has denied freezing the bank accounts of Sen. Ademola Adeleke and those of his family members, including popular musician, Davido. Adeleke is the Peoples Democratic Party (PDP) candidate in the Sept. 22 governorship election in Osun. Spokesman of the commission, Mr Wilson Uwujaren, in a statement on Sunday, ..

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There is a Federal Government grant that will soon take effect in October. The Grant is been anchored by Access Bank plc. The grant was based on the Abacha looted fund that was recovered by the Federal Government. The Federal Government had deemed it fit to grant it to Nigerians especially Small Scale Business Owners. ..

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YES MTN Again mPulse is a service from MTN which equips young Nigerians between the ages of 9 and 15 with all the resources they need to maximize their potential and be all they want to be. The service has two features: the mPulse tariff and the mPulse website. The mPulse tariff gives students lots ..

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APC And Buhari’s Media Thrive On Fake News Femi Fani-Kayode, former Minister of Aviation, has denied the report making rounds that he commented against the Peoples Democratic Party, and its National Chairman, Uche Secondus, and a host of others in the party. A post went viral on Twitter yesterday quoting Fani-Kayode as saying “PDP is ..

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Construction and financial experts have expressed concerns over poor contribution of the construction sector to the economy despite its potential with respect to employment generation. The assessment of the sector, vis-a-vis it’s potentiality in boosting employment opportunity was regarded to be very poor, particularly in the first half of 2018, compared with the preceeding years. ..

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A Combined two foreign exchange (forex) market interventions by the Central Bank of Nigeria (CBN), on Wednesday, at the weekend hit $559.34million, as the monetary policymaker sustained efforts to keep the market liquid and stabilise the local currency. Meanwhile, the reserves’ stockpile maintained the more than 18-month consecutive increases, as the nation’s forex buffer settled at ..

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The subsidiary of South Africa’s banking group, RMB Nigeria, has raised its stake in the actualisation of the nation’s growth model – the Economic Recovery and Growth Plan (ERGP), with investments, financing and range of products and services, worth billions..

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Deal valid for three years, renewable Obinna Chima First Bank of Nigeria Limited, Stanbic IBTC, Standard Chartered Bank (SCB) and Zenith Bank Plc have been appointed the settlement banks for the $2.5 billion bilateral currency swap agreed between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC) which was announced..

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The Central Bank of Nigeria (CBN) and Peoples Bank of China (PBoC) have begun the execution of a $2.5 billion (Renminbi 16 billion) bilateral currency swap agreement entered into over two years ago. CBN Governor Godwin Emefiele led some CBN officials to the signing ceremony in Beijing, China. His PBoC counterpart Yi Gang headed the ..

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As the country grapples with the issue of official corruption, which is enhanced by slow prosecution and cronyism, the Executive Director of the Africa Network for Environment and Economic Justice, Rev. David Ugolor, shares his views on the scourge of corruption with Abimbola Akosile, among other developm..

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The World Bank says unemployment and poverty rates increased in Nigeria despite an exit from recession in 2017. The Bretton Wood institution made these remarks in a report released on this week. The report titled, “Nigeria Bi-annual Economic Update: Fragile Recovery,” read: “The decline in the non-oil and non-agriculture sectors, however, continued as aggregate demand ..

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Eromosele Abiodun Dangote Cement Plc’s plan to export 3mnt per annum of clinker, 17 per cent of its Nigerian production from the fourth quarter of this year could see intra-Economic Community of West African States (ECOWAS) trade improve from the current 9 per cent, sub-Saharan Africa Economist, Renaissance Capital, vonne Mhango has said. In a ..

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