Nigeria-China currency swap deal: CBN begins Chinese Yuan sales

The Central Bank of Nigeria (CBN) on Friday launched the sale of foreign exchange in Chinese Yuan (CNY) signalling the consummation of the Nigeria-China Currency Swap Agreement. The CBN acting

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Q2: Dangote Cement invests $3bn across Africa, employs 27,952 Nigerians in 2017

Group Chief Executive Officer of Dangote Cement, Joe Makoju has revealed that the company has invested a whopping $3B to build manufacturing plants and import/grinding terminals across Africa. The company’s

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Forex: CBN flags off SMIS in Chinese Yuan

ABUJA– The Central Bank of Nigeria (CBN) on Friday, July 20, 2018, flagged off its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation of

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Governors meet to discuss FAAC deadlock, minimum wage

The Nigeria Governors’ Forum (NGF) on Wednesday night met in Abuja to discuss matter arising from the Federation Account Allocation Committee (FAAC) deadlock, minimum wage, among other issues. The News

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Mobil faults picketing of its office by ex-spy policemen

Mobil Producing Nigeria, a subsidiary of ExxonMobil, has faulted the picketing of its offices by ex-spy policemen, who provided security for the company. The company, in a statement by its

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Nigerian Govt unveils new national carrier

Nigerian Government through the Minister of State for Aviation, Senator Hadi Sirika Wednesday, revealed the branding and livery for a new national Flag Carrier, ‘Nigeria Air’ due to be launched

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Heritage Bank, CIBN promote robust engagement for bankers, customers

Heritage Bank Plc, Nigeria’s most innovative banking services provider, has again demonstrated its commitment to the growth and progress of the banking profession by partnering with the Lagos branch of

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President Buhari Meets With CEOs Of Dutch Companies 

President Muhammadu Buhari, on the sidelines of his Official Visit to The Hague, Netherlands, met with Chief Executive Officers of Dutch companies Monday, assuring them of a safe and secure

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MTN Dubai sells Cyprus outfit for $304m

South Africa-based mobile telecommunications company MTN Group Ltd said on Monday its Dubai subsidiary sold its Cyprus business to Monaco Telecom S.A for 260 million euros ($304 million). MTN said

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SEC restates commitment to strengthen Nigeria’s capital market

The Securities and Exchange Commission (SEC), has reiterated its commitment to collaborate with relevant stakeholders to strengthen Nigeria’s capital market. The Acting Director-General of SEC, Ms Mary Uduk said this

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