Category: BUSINESS
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Ondo is ready for business, Governor Aiyedatiwa offers incentives to investors
The Governor of Ondo State, Hon. Lucky Orimisan Aiyedatiwa, has described entrepreneurship as the most powerful weapon to eradicate poverty and drive sustainable development. Speaking at the opening ceremony of the Global Entrepreneurship Festival at the International Centre for Culture and Events (The Dome), Akure, on Friday, Governor Aiyedatiwa called for collective action to harness…
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Experts recommend outright privatisation of petrol sector
Amidst the ongoing debate surrounding the escalating petroleum products pump prices in Nigeria, government officials and experts are exploring the possibility of privatization as a potential solution to address the issue. This move comes as Nigerians continue to grapple with the economic burden of surging fuel costs. Oluseye Akinwalere takes a look at possible solutions…
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CBN audit report ready soon, says FG
The Federal Government on Monday admitted that most of the problems confronting Nigeria were caused by bad governance from the nation’s leadership. The government however scored the administration of President Bola Tinubu high for his sound decision on the Central Bank of Nigeria, saying the report of audit by a special investigator would be out…
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President Tinubu rings closing bell at NASDAQ, woos large scale investment at Nigeria-US Executive Business Roundtable
In honour of President Bola Tinubu’s determined global push to aggressively attract foreign direct investment into Nigeria, the world’s second largest stock exchange, the National Association of Securities Dealers Automatic Quotation System (NASDAQ), on Wednesday in the world’s financial capital, invited President Tinubu to ring the closing bell, making him the first African President to…
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NIGERIA HAS THE RESOURCES AND THE LEADERSHIP, WE HAVE NEVER BEEN MORE READY FOR BUSINESS,” PRESIDENT TINUBU TELLS GLOBAL ENERGY INDUSTRY
• EXXONMOBIL PLEDGES NEARLY 40,000BPD IN NEW NIGERIAN PRODUCTION IN THE SHORT-TERM President Bola Tinubu played host to a delegation consisting of the global leadership of an Oil & Gas transnational giant, ExxonMobil, on Monday in New York, where he made his position known that Nigeria is no longer settling for crumbs and leftovers on…
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Forensic audit of CBN underway as we win back investor confidence, President Tinubu tells World Bank Chief
President Bola Tinubu says a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is imminent. The President disclosed this during an audience with the President of the World Bank, Mr. Ajay Banga on Friday at the Presidential Villa, Abuja. ”A comprehensive forensic audit is on-going…
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BREAKING: CBN lifts cash deposit restriction on domiciliary accounts, allows $10k withdrawals daily
The Central Bank of Nigeria (CBN) has provided further guidance to Deposit Money Banks (DMBs) on the operational changes to the foreign exchange market announced on June 14, 2023. The CBN highlighted some of the key points of the guidance as follows:
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Naira falls in exchange value to dollar
The Naira yesterday lost almost half of its value in the official market as the exchange rate in the Investors and Exporters, I&E window rose to N664.04 per dollar from N471.67 per dollar on Tuesday, as the Central Bank of Nigeria, CBN announced measures to liberalise the market including the elimination of multiple exchange rates,…
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Just in: CBN directs banks to trade Forex at any rate
The Central Bank of Nigeria has allowed commercial banks to freely trade foreign exchange at any rate. The announcement comes after Godwin Emefiele’s suspension as CBN’s governor.
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