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CBN Says Nigeria’s Financial Systems Getting Stronger

CBN Says Nigeria’s Financial Systems Getting Stronger

The Central Bank of Nigeria (CBN) has said the country's financial system is becoming stronger with capital buffers and liquidity in the sector improving. 

CBN Faults Buhari’s Govt $57 2020 Budget Oil Benchmark

CBN Faults Buhari’s Govt $57 2020 Budget Oil Benchmark

The Central Bank of Nigeria (CBN) has said the $57 oil benchmark adopted by the Federal Government for the 2020 budget is unrealistic.

CBN Says Nigeria Imports $600m Cassava Products Yearly

CBN Says Nigeria Imports $600m Cassava Products Yearly

The Central Bank of Nigeria (CBN) has said Nigeria's cassava imports are valued at about S600 million annually, Concise News reports. 

Nigerian Government To Build $800 Million Seaport In Delta State

Nigerian Government To Build $800 Million Seaport In Delta State

The federal government plans to build a new seaport in the Pessu area of Warri in Delta State at the cost of $800 million, Concise News reports. 

Federal Govt. Approves N200b Loan For Bank Of Industry

Federal Govt. Approves N200b Loan For Bank Of Industry

The Federal Executive Council (FEC) has approved the issuance of a Sovereign Guarantee N200bn loan to the Bank of Industry (BoI), Concise News has learned.

What African Development Agenda Should Focus On – Elumelu

What African Development Agenda Should Focus On – Elumelu

The Chairman of the Tony Elumelu Foundation (TEF) Tony Elumelu has said job creation, and inclusive growth are areas which African development agenda should be focused on. 

Inflation Rate Rises To 11.61% In October – NBS

Inflation Rate Rises To 11.61% In October – NBS

The National Bureau of Statistics (NBS) on Monday said that Nigeria’s inflation for the month of October has risen by 0.36 basis points year on year to 11.61 percent.

Why Hike In Cooking Gas Price May Continue – Marketers

Why Hike In Cooking Gas Price May Continue – Marketers

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), says the current hike in price of cooking gas might persist if activities of Liquefied Petroleum Gas (LPG) Terminal Owners and Off Takers is not checked.

FG To Withdraw Tax Exemption On Oil Companies’ Dividends

FG To Withdraw Tax Exemption On Oil Companies’ Dividends

The finance bill submitted by President Muhammadu Buhari will ensure that dividends paid from the profits of oil companies will no longer be tax-exempt if passed by the National Assembly.

Border Closure: What Poultry Farmers Told Buhari About Reopening

Border Closure: What Poultry Farmers Told Buhari About Reopening

Poultry farmers have called on President Muhammadu Buhari not to re-open the country's land borders, urging him to shut it permanently. 

CBN Directs Banks To Stop Sale Of Treasury Bills To Individuals

CBN Directs Banks To Stop Sale Of Treasury Bills To Individuals

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to stop the sale of treasury bills to individuals and small firms with effect from November 29.

McDonald’s Fires CEO Over Relationship With Employee

McDonald’s Fires CEO Over Relationship With Employee

McDonald’s on Sunday said its Chief Executive Officer has left the company after violating company policy by engaging in a consensual relationship with an employee.

Border Closure: Importers Send ‘Inviting’ Message To Foreign Companies

Border Closure: Importers Send ‘Inviting’ Message To Foreign Companies

Some cross-border businessmen on Sunday say they were discussing with companies from Cote d’Ivoire to establish branches in Nigeria to retain their patronage.

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