By Modupe Gbadeyanka On Thursday, February 23rd, 2017
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Naira Closes N495/$ at Parallel Market Thursday

By Modupe Gbadeyanka The Nigerian currency closed strong against the Dollar on Thursday at the parallel market compared with what it posted yesterday. The Naira, which closed at N505 to the Dollar at the end of More...

By Modupe Gbadeyanka On Thursday, February 23rd, 2017
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Protesters Vandalise MTN Abuja Office

By Modupe Gbadeyanka Some Nigerian youths on Thursday stormed the head office of MTN Nigeria in Abuja, ransacking the firm and attacking its customers. The angry protesters also demanded the relocation of the South More...

By Modupe Gbadeyanka On Thursday, February 23rd, 2017
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NNPC Achieves 71% Savings in Deep Offshore Rig-rate

By Modupe Gbadeyanka The Nigerian National Petroleum Corporation (NNPC) has renegotiated its deep offshore rig-rate from a staggering $580,000 to $164,000 per day, saving the country a 71.7 per cent cost of executing More...

By Modupe Gbadeyanka On Thursday, February 23rd, 2017
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Over $16b Injected into Nigerian Economy—MTN Group

By Modupe Gbadeyanka One of the leading telecoms firms in Nigeria, MTN Group, says it has spent over $16 billion into its operations in the country. Group Chairman/Chief Executive, Mr Phuthuma Freedom Nhleko, made More...

By Modupe Gbadeyanka On Thursday, February 23rd, 2017
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Why We Owe FG N23.4b Export Fees—NNPC

By Modupe Gbadeyanka The Nigerian National Petroleum Corporation (NNPC) has explained why it owes about N23.4 billion in respect of Nigerian Export Supervision Scheme (NESS) fees chargeable on crude oil and gas More...

By Modupe Gbadeyanka On Thursday, February 23rd, 2017
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IMF Okays $150m Extended Credit Facility for Benin

By Modupe Gbadeyanka The International Monetary Fund (IMF) has approved the sum of $150.4 million for Benin Republic under the Extended Credit Facility (ECF) arrangement. The IMF team led by Mr Norbert Toé, Mission More...

By Modupe Gbadeyanka On Thursday, February 23rd, 2017
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US Stocks Point North Amid Political Uncertainty

By Modupe Gbadeyanka The major US index futures are pointing to a higher opening on Thursday following the lacklustre performance seen in the previous session. The markets may benefit from recent upward momentum, More...

By Modupe Gbadeyanka On Thursday, February 23rd, 2017
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Nigeria: Broad Money Grows 6.51% in December 2016

By Modupe Gbadeyanka Central Bank of Nigeria (CBN) Depository Corporations Survey has shown that broad money supply (M2) expanded month-on-month by 6.51 percent in December 2016 to N23.84 trillion, a report by More...

By Modupe Gbadeyanka On Thursday, February 23rd, 2017
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Mobil, NB Plc, Guinness Lift NSE Indices by 0.63%

By Modupe Gbadeyanka Trading activities on the floor of the Nigerian Stock Exchange (NSE) ended on a positive note on Thursday after going down the previous day by 0.01 percent. The bullish run was inspired by More...

By Modupe Gbadeyanka On Thursday, February 23rd, 2017
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BREAKING: Naira Makes Further Gain, Returns to N500/$

By Modupe Gbadeyanka The Naira continued its further recovery run on Thursday afternoon when it exchanged at N500 to the Dollar at the parallel market. About two weeks ago, the local currency first reached the More...

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