Nigeria to Quit Recession Before September 15—Emefiele

By Modupe Gbadeyanka Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has assured Nigerians that the country will finally pull out of recession in second or first half of the third quarter. He made this disclosure on Tuesday in Abuja after a closed-door meeting with the Senate, led by its President, Mr Bukola Saraki. During the meeting, More...

by Modupe Gbadeyanka | Published 1 hour ago
By Modupe Gbadeyanka On Tuesday, April 25th, 2017
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Lagos Stops Approval of Petrol Stations

By Modupe Gbadeyanka An embargo has been placed on the approval and construction of filling stations by the Lagos State government in all parts of the state till further notice. This information was revealed by More...

By Modupe Gbadeyanka On Tuesday, April 25th, 2017
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Cote d’Ivoire Joins African Trade Insurance Agency

By Modupe Gbadeyanka The African Trade Insurance Agency (ATI) announced today that Côte d’Ivoire has joined a growing list of African countries who are members of the institution. ATI is a multilateral investment More...

By Modupe Gbadeyanka On Tuesday, April 25th, 2017
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FG, States, LGs Share N466.93b in March

By Modupe Gbadeyanka The sum of N466.93 billion was shared by the Federal, States and Local Governments in the month of March 2017, the National Bureau of Statistics (NBS) has disclosed. The amount, the NBS said, More...

By Modupe Gbadeyanka On Tuesday, April 25th, 2017
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Pension Assets Grow from N2.5tr to N6.2tr in 5 Years

By Modupe Gbadeyanka For a period of 5 years, Nigeria recorded a considerable growth in its pension assets, moving from N2.45 trillion in December 2011 to N6.16 trillion in December 2016, FSDH Research reports. This More...

By Modupe Gbadeyanka On Tuesday, April 25th, 2017
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Naira Crashes to N388/$, Soars to N490/£ at Black Market

By Modupe Gbadeyanka It was a mixed performance for the Naira against the three major foreign currencies at the foreign exchange market on Tuesday. While the local currency depreciated against the American Dollar, More...

By Modupe Gbadeyanka On Tuesday, April 25th, 2017
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Lagos to Boost Food Sufficiency to 25% by 2020

By Modupe Gbadeyanka Lagos State government has disclosed that it was working tirelessly to raise food sufficiency in the state to 25 percent within three years from its present 12 percent. This information was More...

By Modupe Gbadeyanka On Tuesday, April 25th, 2017
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Cadbury Nigeria Grows Revenue by N950m in Q1 2017

By Modupe Gbadeyanka Cadbury Nigeria Plc has recorded an increase in its revenue for the first quarter of 2017 by N950 million, Business Post reports. In its unaudited financial statements, the company said its More...

By Modupe Gbadeyanka On Tuesday, April 25th, 2017
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Stock Market Extends Rally as ASI Adds 0.28%

By Modupe Gbadeyanka Trading on the Nigerian Stock Exchange (NSE) closed on a positive note for the second straight day with the major market indicators pointing north. The stock market had closed yesterday by More...

By Modupe Gbadeyanka On Tuesday, April 25th, 2017
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Soludo Tasks CBN to Scrap Multiple Exchange Rates

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has been advised to put an end to the current multiple exchange rates’ regime, warning it could frustrate the growth of the country’s economy. This was More...

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