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Naira hits 307 per dollar
The Naira lost N2 to exchange at N307 to a dollar against N305 traded on Tuesday. It had relatively remained stable in the past weeks....

CBN forecloses naira devaluation, to lower interest rates
The CBN Governor, Mr Godwin Emefiele explained after the MPC meeting that interest rates would be lowered to ease liquidity in the...

CCT requires at least ₦4m for a single itinerant session – Chairman tells Senate
He made the disclosure in Abuja when the committee paid an oversight visit on him to equally assess the CCT’s utilization of the 2015...

Naira strengthens against the dollar
NAN reports that the Naira appreciated by 0.4 per cent on Friday afternoon as it exchanged for N277 against the dollar from N278 it...

Stanbic IBTC Strengthens Executive Management, makes new appointments
Dr. Demola Sogunle has been named Deputy Chief Executive (Deputy Managing Director), Stanbic IBTC Bank PLC. He was until recently the...

Activities grounded at Access Bank as court executes N636m judgement
It was gathered that the legal tussle, which began several years ago, ended at the Supreme Court in April this year, with the apex court...

Wema Bank gets approval to operate as national bank
Wema Bank on Thursday said it had been granted a national banking licence by the Central Bank of Nigeria. Wema Bank said in a statement...

Dangote Flour changes name to Tiger Branded Consumer Goods
The new name is to better reflect the new ownership of the company as the change in the substantial ownership and shareholding of the...

Fed Government to explore mixed energy sources for power
Vice President, Yemi Osinbajo, stated this yesterday while receiving a delegation of the Nigeria Atomic Energy Commission (NAEC) led by...

We didn’t pay N25bn TSA consultancy fee – CBN
The apex bank stated that it does not collect and pay Remita,a consultancy outfit N25billion a day for services as being widely...

Only 50% power gets to consumers – Nnaji
Nnaji, said the nation still experiences irregular electricity supply because the regulatory agencies have failed to carry out necessary...

Economists urges Buhari to resist devaluation of the naira
NAN #buhari #naira

44 companies sue FIRS over N1.1bn excess stamp duties
The companies alleged that they were made to pay the excess stamp duties on their respective statements of increase in their share...

OPAs cancellation: NNPC saves Nigeria N41bn
The NNPC, in its latest monthly financial and operations report for September 2015, stated that the cancellation of the OPAs was one of...

Bauchi exceeds N8.49bn revenue target for 2015
The Acting Chairman of the board, Alhaji Yakub Isa, made this known in an interview with the News Agency of Nigeria (NAN) in Bauchi on...

CBN to raise N123bn via treasury bills
The CBN said on Monday that it would raise N45.17bn in the three-month bill, N23.43bn in the six-month and N54.35bn in the one-year,...

NCC renews MTN’s operating spectrum, licence for $94.2m
MTN, which had a $5.2 billion fine imposed on it by the Nigerian Communication Commission last week for failing to deregister SIM cards...

N2bn fraud: Oronsaye’s trial adjourned to November 25
This followed the amendment of the 24 count charge earlier preferred against him and other accused persons by the EFCC. The amended...

Wema Bank records gross earnings worth N32.57bn in third quarter
Wema Bank Plc on Friday said that its gross earnings grew to N32.57 billion in the third quarter of 2015. This is contained in the bank’s...
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