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Category: Economy and Capital Markets
CBN Extends Suspension of Cash Deposit Fees to March 31
The Central Bank of Nigeria has extended the suspension of cash deposit processing fees until March 31, 2025, from the previous September 30, 2024, deadline. The CBN disclosed this in…
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I Regret Not Buying Arsenal When It Was Valued At $2bn, Dangote
The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has expressed his regret for not buying Arsenal when his interest lies with owning a football club. He said…
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NERC mandates that Discos acquire 398 MW of embedded power.
The Nigerian Electricity Regulatory Commission has mandated electricity Distribution Companies to procure a minimum of 398MW of embedded generation to enhance the reliability of power supply across the country. Embedded…
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Jumia Nigeria Kicks Off Shopping Festival
E-commerce platform, Jumia Nigeria, has kicked off the Jumia Festival 2024, a two-week shopping event aimed at offering discounts on products and empowering businesses to reach a broader audience. The…
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UK business expert gives Nigerian Survival Strategies During Tinubu’s Era
A renowned business and management expert, Ms. Patricia Balogun, has proffered valuable advice to small and medium scale business owners on how to navigate the challenging economic landscape of Nigeria…
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Petrol Price Uncertainty: NNPCL Reveals Market Forces Will Dictate Costs
The Nigerian National Petroleum Company Limited (NNPCL) has explained that petrol pricing in Nigeria cannot be compared with other developed markets because the country still modulates pricing to support general…
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Our Petrol Will Hit Filling Stations In 48 Hours
Businessman, Aliko Dangote, has revealed that petrol produced from his 650,000 barrels per day refining facility will hit filling stations in the next 48 hours as modalities with the Nigerian…
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Banks’ Deposits With CBN Now N3.42trn – Report Reveals
The deposits of banks with the Central Bank of Nigeria hit a weekly high of N3.42tn at the end of last week. This followed the announcement of the operationalisation of…
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Dangote To Roll Out Sale Of Petrol, after ending rift with oil suppliers
The Dangote Petroleum Refinery is now ready to roll out the sale of Premium Motor Spirit, otherwise known as petrol. This is coming a few days after the 650,000-capacity refinery…
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High Cement Price: BUA Boss Blames Middlemen
BUA Cement Plc, has accused middlemen, or ‘dealers,’ of being the primary culprits behind the high cost of cement across the country. The Chairman of the Board of Directors, Abdul…
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