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Business

No cause for alarm over MPC, says CBN Governor

By Ahmed Idris The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has stepped in to douse fears over to the inability of the Central Bank of Nigeria

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Nigerian govt replies CAN, says Buhari not threat to democracy

By Ahmed Idris The Presidency on Tuesday dismissed reports credited to the Christian Association of Nigeria (CAN) that some of actions of President Muhammadu Buhari were threats to the country’s

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CBN injects $210m into Forex Market

By Ahmed Idris The Central Bank of Nigeria (CBN) has injected another sum of $210 million into the inter-bank Foreign Exchange Market, to meet customers’ requests in various segments of

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Retail SMIs get $262.5m CBN boost

By Ahmed Idris In its first Retail Secondary Market Intervention Sales (SMIS) for the year, the Central Bank of Nigeria (CBN) on Friday, January 12, 2018, intervened in the inter-bank

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Dangote retains top spot on Africa’s rich list

By Bologi M. Maikudi. The President of Dangote Group, Aliko Dangote, has once been rated the richest man in Africa with a net worth of $12.2bn for 2017, representing an

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Osinbajo chairs first economic management meeting of 2018

By Ahmed Idris  Vice President Yemi Osinbajo on Monday presided over the first meeting of the Economic Management Team for the year 2018. The meeting was held inside the Presidential

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Nigeria’s External Reserves hit $40.4bn

By Ahmed Idris As projected by the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele at the Annual Bankers’ Dinner of the Chartered Institute of Bankers (CIBN) in Lagos

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FG to increase Abuja-Kaduna train fare

By Ahmed Idris, Abuja. The Federal Government has a announced a proposed plan to jerk up the train fare for the Abuja-Kaduna route. Minister of Transportation, Rotimi Amaechi, gave the

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Ericsson to raise $370m for 5G research

Ericsson has announced that it has signed agreements for credit facilities with the Nordic Investment Bank for $220m, maturing in 2023, and AB Svensk Exportkredit for $150m, maturing in 2025.

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Forex Market gets another $210m boost from CBN

By Ahmed Idris  The interbank window of Nigeria’s Foreign Exchange market on Tuesday, December 12, 2017, received yet another boost of $210,000,000.00 from the Central Bank of Nigeria (CBN). According

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