All posts tagged "Featured"
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135Local NewsExternal Reserves Fall by $1.8b in 10 Weeks –Report
Nigeria’s foreign exchange reserves have fallen by $1.8bn in 10 weeks, according to data from the Central Bank of Nigeria. As of...
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227Industry & MoneyCBN Clears $831m Foreign Airlines’ Trapped Funds –IATA
The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from...
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127Business News₦3.7tr Debt Threatening Our Operations –GenCos
The Power Generation Companies (GenCos) have stated that over N3.7trn debt owed to the companies is threatening their operations and failure to...
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167Banking & FinanceCentral Bank Revokes Licence of Heritage Bank
The Central Bank of Nigeria (CBN) has revoked the operating licence of Heritage Bank with immediate effect. CBN’s Acting Director, Corporate Communications,...
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210Economy & MarketEconomic and Market Report: Week Ended 31-05-2024
Global Economy According to the United States Department of Labor, the initial jobless claims in the US increased by 3,000 to 219,000...
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206Leadership & ManagementFRC Raises ₦1.7tr from Operating Surplus Recovery, IGR
The Fiscal Responsibility Commission (FRC) generated N1.7 trillion in revenue for the government in 2023 as against N1.4 trillion raised in 2022....
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118Business NewsFG secures $500m World Bank Loan to Fund Discos
The federal government has secured a $500 million loan from the World Bank to fund electricity Distribution Companies (DisCos). According to the Bureau...
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102Economy & MarketNigeria’s E-commerce Value Reaches $9.02b
The Nigerian Export Promotion Council (NEPC) said that the country’s E-commerce value rose from $675.68 million in 2022 to $9.02 billion in...
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88Economy & MarketBDC Operators Urge CBN to Reverse Recapitalisation Guidelines
The Association of Bureau De Change Operators of Nigeria has demanded that the Central Bank of Nigeria reverse the new capital requirement...
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245Industry & MoneyGovt to Cut Vehicle Parts Imports by 40%
The Federal Government is set to begin the manufacturing and supplying of tyres, batteries, brake pads and other automobile components as part...
