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Business

CBN Orders Banks To Accept Cheques In Savings Account

August 3, 2016
Banks operating in Nigeria have been directed by the Central Bank of Nigeria, CBN, to now accept cheque deposits into savings account. This directive was contained in a circular dated July 28, 2016, signed by CBN’s Director, Banking & Payments System Department, Dipo Fatokun, and sent to all banks and financial institutions operating in the country. In the circular made
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Excitement As FG Okays Badagry Seaport

August 4, 2016
There is excitement in the air following the approval for the establishment of a seaport in Badagry, Lagos. At the moment, the Nigerian Ports Authority (NPA), which controls seaports in Nigeria, is in charge of the two ports in Lagos; the Lagos Port Complex and the Tin Can Island Port. On Wednesday, after the Federal Executive Council (FEC), Minister of
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CBN Orders Banks To Sell Dollar To Hajj Pilgrims At N197

August 5, 2016
Banks and Forex dealers in Nigeria have been instructed to sell the US Dollar to intending pilgrims at the rate of N197 to $1. The Central Bank of Nigeria, CBN, gave this directive on Thursday. The country’s apex financial institution said those travelling for the 2016 Hajj in Saudi Arabia later this month and want the Pilgrims Travelling Allowance, PTA,
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Commercial Activities Shutdown In Sagamu

August 5, 2016
Report reaching BusinessPost from Ogun State reveals that business activities would be put on hold for a while because of the burial rites of late Akarigbo of Remoland, Oba Michael Adeniyi Sonariwo, who passed away last month. BusinessPost learnt that on Saturday, August 6, 2016, all shops and commercial centres in Sagamu would be shut to honour the late monarch.
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FG Moves To Cut Power Consumption

August 6, 2016
  The Nigerian government says it has taken steps to reduce power consumed by households, businesses and government agencies in the country by 85 per cent. This was disclosed on Friday in Lagos by the Minister of Science and Technology, Dr Ogbonnaya Onu, while addressing newsmen. The Minister said the idea was due to the need to diversify the Nigerian
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Politics

Telco Operators

Telco Operators Demand Fair Pricing, Industry Independence

April 25, 2024
By Adedapo Adesanya Telecommunication operators in Nigeria have called on the federal government to address pricing challenges amid the current economic climate in the country and the world at large. The appeal was made in a joint statement by the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Association of Telecommunication Companies of Nigeria (ATCON) signed by Mr
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Travel

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SUNU Health

SUNU Health Debunks Health Insurance Myths and Showcases Value

SUNU Health Nigeria, an esteemed Health Maintenance Organization (HMO) with a legacy of over 26 years in delivering accessible healthcare solutions across Nigeria, was recently featured on Super FM 92.7 Lagos. During the broadcast, the organization aimed to debunk prevalent healthcare myths
April 25, 2024
Emmanuel Mark NIESV

NIESV Elects Emmanuel Mark Second Vice President

By Aduragbemi Omiyale Mr Emmanuel Mark has been elected as the second vice president of the Nigerian Institution of Estate Surveyors and Valuers (NIESV). The expert in environment management clinched the position after a keenly contested election held by the institution between
April 25, 2024
suleja prison

Tension as Inmates Escape from Suleja Prison After Rainstorm

By Adedapo Adesanya Tensions have heightened as several inmates escaped from the old Suleja Correctional Centre in the Suleja Local Government Area of Niger State following a rainstorm that destroyed a part of the facility’s fence on Wednesday night. The storm accompanied
April 25, 2024
Nigeria's alternative stock market

Nigeria’s Alternative Stock Market up 0.10%

By Adedapo Adesanya Nigeria’s alternative stock market, the NASD Over-the-Counter (OTC) Securities Exchange, was up by 0.10 per cent on Thursday, April 24, despite the loss posted by a bellwether, FrieslandCampina Wamco Nigeria Plc. The share price of the maker of a
April 25, 2024
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