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FCMB Empowers SMEs In Ogun State, Receives Commendation From First Lady
First City Monument Bank (FCMB) has restated its commitment to the productivity and profitability of Small and Medium Scale Enterprises (SMEs) through funding, capacity building,…
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#OkadaBan: Gokada Switches To Delivery, Boat Services To Survive
The ban on the operations of motorcycles popularly called Okada in Lagos has made Gokada, one of the major players in the motorcycle-on-demand firms to switch to delivery and boat…
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Credit Suisse CEO Tidjane Thiam Resigns After Spying Scandal
Credit Suisse Group said Chief Executive Officer Tidjane Thiam is resigning, a stunning reversal for the executive who was backed by key shareholders after a damaging spying…
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Sterling Bank releases unaudited financial report for the period ended December 2019
Sterling Bank Plc has released its group unaudited condensed and interim financial statements for the period ended December 31st, 2019. The report showed a 17.2% increase in profit…
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$8.07m Seized At Lagos Airport: Customs Swoop Into Investigation
The Nigeria Customs Service on Tuesday said it intercepted $8,065,612m (N2.92bn) at the Murtala Muhammed International Airport, Lagos. The Comptroller General of Customs, Col.…
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Nigeria Govt To Put An End To Fish Importation In 2022
The Minister of Agriculture and Rural Development, Sabo Nanono, stated these while receiving a delegation from the National Fish Association of Nigeria (NFAN) led by its National…
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Experts Explain Tesla’s Insane Stock
Tesla (TSLA) shares continued their mind-bending rally on Tuesday. After gaining almost 20% on Monday, the stock rallied another 13.73% on Tuesday to close at $887.06 per share.…
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Oluwafemi Ojo Weighs In On Recent Ban Of Motorcycles, Tricycles On Lagos Roads
Oluwafemi Ojo, a policy expert in his recent interview with OduNews.com shares some interesting ideas on how government policies in Nigeria played out in businesses lately. Can…
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CBN Slams N2M Fine On Banks For Over-Charging Customers
The Central Bank of Nigeria says any bank that charges customers above approved thresholds will pay a N2 million fine per infraction. This is meant to guard against excess,…
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BREAKING: CBN Slashes ATM Withdrawal Charges From N65 To N35
The Central Bank of Nigeria on Sunday, December 22, 2019, has issued a directive that the withdrawal fee charged for the use of other banks’ Automated Teller Machines is reduced from…
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Fiat Chrysler And Peugeot Finally Reach Agreement On £50bn Merger
Automobile giants, Peugeot and Fiat Chrysler have finally reached an agreement of a £38bn ($50bn) merger that will create the world’s fourth-largest carmaker, the companies…
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‘Nigeria’s Economy Is Recovering’ – CIBN’
Dr Uche Olowu, the Chairman, Chartered Institute of Bankers of Nigeria (CIBN), said the Nigerian economy was recovering and urged President Muhammadu Buhari to properly execute…
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‘Nigerian Banks Recorded N42.7 Trillion Electronic Transactions In Three Months’
The National Bureau of Statistics on Tuesday said that banks in the country recorded 800,201,498 volume of transactions valued at N42.76tn within the third quarter of this year.…
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Nigeria Generates N275.12bn From VAT In Q3 2019 – NBS
The Nigerian Bureau of Statistics has revealed the Nigeria generated N275.12 billion from value added tax in the third quarter (Q3) of 2019. The NBS in its VAT report which was…
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#BlackFriday: Ikeja Shoprite Already Filled To The Brim At 8:30 am
In the spirit of the Black Friday sales, customers trooped out in large numbers to visit stores in the early hours of November 29 to get the best sales - one of such stores is…
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Closure Of Border Contributes To Rising Inflation – FG
The Federal Government of Nigeria has stated that the current closure of the country's border has also contributed to the rising inflation faced in the country. The government…
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FG Reviews N50 Stamp Duty, Raises Threshold To N10,000
The federal government has reviewed the N50 stamp duty charges on electronic payments in the country after being criticised by Nigerians and industry stakeholders. According to…
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Inflation Rate Rises To 11.6%, Highest In 18 Months
The consumer price index released by the National Bureau of Statistics on Monday has shown that inflation the rate in October has risen to 11.6%. This is an increase of 0.36…
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Nigeria Sells Petrol For Neighbouring Countries At Cheaper Rate – Customs
The Controller General of the Nigeria Customs Service, Ali Ahmed, on Tuesday says that Nigeria sells petrol to neighbouring countries at cheaper rate compared to the market price of…
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Black Friday: Nigerians Gear Up For Internet Shutdown
Black Friday in Nigeria || Jumia Nigeria From the current situation and tension on the internet, Nigerians are ready for a showdown at this season of Black Friday. Some e-commerce…
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