business
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CBN Start Dollar Sales to BDCs at N1,101/$1
The Central Bank of Nigeria (CBN) has announced the sales of foreign exchange (FX) to the bureau de change (BDC) operators at the rate of N1,101/$. The CBN disclosed this…
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Independent marketers proposed N550 per litre to Dangote
In a bid to end petrol scarcity in Lagos and its environs, Nigerian National Petroleum Company, NNPC Limited, Dangote Refinery and oil marketers have intensified efforts at taking final decisions…
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Except Electricity tariff hike as FG Hikes Gas Price By 11%,
The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous…
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Notore Chemical Industries Board Receives Femi Agbaje as New Chairman
Mr. Femi Agbaje has taken over the mantle of leadership as the Chairman of the Board of Directors. Agbaje replaced General Dr. Yakubu Gowon, who retired from the Board of…
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Naira Declines to ₦1,280/$ at Parallel Market
The naira, on Friday, appreciated to N1,280 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies a 5.19 percent appreciation from the…
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CBN N500b Capital Requirements Alerts Potential Bank Merging
A Significant increase in the minimum capital requirements for all banks operating in the country was yesterday announced by the Central Bank of Nigeria (CBN).Acting Director, Corporate Communications, Mrs. Hakama…
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