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CBN begins forex trading in Chinese currency

CBN begins forex trading in Chinese currency

The Central Bank of Nigeria (CBN) on Friday kicked off its intervention in the sale of foreign exchange (forex) in Chinese Yuan (CNY). The exercise marked the consummation of the Bilateral Currency Swap Agreement (BCSA) the CBN signed with the People’s Bank of China (PBoC) in April 27. A statement issued by the CBN disclosedRead More
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Dangote seeks FG’s action against smuggling through Benin borders

Dangote seeks FG’s action against smuggling through Benin borders

BUA to export 700,000 metric tons of cement annually President of Dangote group, Aliko Dangote on Friday urged the Federal Government to intensify actions against dumping of goods on Nigeria smuggled through the Republic of Benin. He spoke with State House correspondents after attending the Industrial Policy and Competiveness Advisory Council chaired by Vice PresidentRead More
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Infinix Mobility: Why we launched duo Smart 2, Smart 2 Pro

Infinix Mobility: Why we launched duo Smart 2, Smart 2 Pro

Leading smartphone maker, Infinix Mobility, said in adherence to its well-outlined objective to constantly deliver quality products to its young, tech savvy consumers, it has added to the Smart series: Smart 2 and Smart 2 Pro. Infinix Mobility has long been reckoned as a smartphone brand that does not compromise on its remarkable tech-focused, boldRead More
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Australia Alumni Association trains members on Project Management

Australia Alumni Association trains members on Project Management

The Australia Alumni Association of Nigeria in Abuja on Thursday organized a Continuous Professional Development (CPD) program to build professional capacities and re-enforce the understanding of Project Management and Strategic Planning principles that would help its members excel in their various professional field. According to Dr Bridget Momoh, President of the association, “today we areRead More
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EDMARK holds first-ever cashless exhibition in Lagos

EDMARK holds first-ever cashless exhibition in Lagos

…to Promote Entrepreneurship in Nigeria with Two Million Dollar …unveil Mobile Payment Application A Multinational Health Wellness and anti-obesity firm, EDMARK International Group of Company on Thursday held the first ever cashless product exhibition in Nigeria tagged “CASHLESS SHOPPING BAZZAR” aimed at promoting transparency, accountability, customers’ satisfaction, stress reduction and risk associated with physical movementRead More
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3.5% budgetary allocation for agric not enough – OXFAM

3.5% budgetary allocation for agric not enough – OXFAM

The Overseas Development Assistance (ODA) allocation for agriculture between 2014 – 2015 was 0.08% of the total funds of $2.2b disbursed to Nigeria by bilateral and multilateral donours. Health and education sectors received the largest shares of 68.43% and 18.56% respectively during the period. This was made known by the West Africa Network for PeacebuildingRead More
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BoI secures $750mn Afreximbank loan at single digits for MSMEs

BoI secures $750mn Afreximbank loan at single digits for MSMEs

The $750 million (N250 billion) syndicated loan facility which the Bank of Industry (BoI) received from the African Export-Import Bank (Afreximbank) will be disbursed to Micro, Small and Medium Enterprises at single digit interest rate. Managing Director, Bank of Industry, Mr Olukayode Pitan made this disclosure on the last day of the Afreximbank 25th AnniversaryRead More
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AfCFTA must be free and fair, Buhari insists

AfCFTA must be free and fair, Buhari insists

…Adeosun elected Afreximbank Chairman Nigeria’s Finance Minister, Kemi Adeosun has been elected Chairman of the board of Africa Export Import bank (Afreximbank). Adeosun was elected chairman on Saturday in Abuja at the bank’s Annual General Meeting declared open by President Muhammadu Buhari. She will chair the bank for one year. Speaking at the opening ceremonyRead More
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$1bn Pipeline Contract Probe: NNPC, Total absence stalls session

$1bn Pipeline Contract Probe: NNPC, Total absence stalls session

The Senate Committee on Gas on Friday, said deployed major stakeholders’ absence at its investigative sitting on the alleged one billion-dollar pipeline contract, saying it was a setback to the committee. Chairman of the committee, Sen. Bassey Akpan, told our reporters  in Abuja that Nigerian National Petroleum Corporation (NNPC) and Total Nigeria Plc led theRead More
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NSE: All-Share Index rebounds by 0.45%

NSE: All-Share Index rebounds by 0.45%

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday rebounded by 0.45 per cent, halting three days of decline. The index rose by 166.33 points or 0.45 per cent to close at 37,392.77 compared with 37,226.44 posted on Thursday. Similarly, the market capitalisation which opened at N13.485 trillion rose to N60 billion, 0.44Read More
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