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Business News

ETI Group gets two directors

Ecobank Transnational In-corporated (ETI) has ap-pointed Georges Agyekum Nana Donkor as a Non-Executive Director. He replaces Bashir Mamman Ifo as the representative of Ecowas Bank for Investment & Development (EBID) on the Board of ETI. Donkor was recently appointed President of EBID, following the retirement of his predecessor Bashir Ifo. Donkor is a lawyer, banker […]

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Business News

Worse hit as COVID-19 ravages cities,Malls, sites

Government has been told that its shut-down order on businesses because of coronavirus pandemic could hit the construction industry, leaving in its wake alot of consequences. President, Nigeria Institute of  Building (NIOB),  Kunle Awobodu, said activities at most sites would be reduced drstically given that the order allows only 20 persons. He pointed out that […]

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Business News

N50bn Coronavirus Intervention Fund, Central Banks Releases Conditions To Access

  The Central Bank of Nigeria has listed the conditions that must be fulfilled by individuals and companies willing to access its N50bn intervention fund.The apex bank had last week unveiled the fund in response to the coronavirus pandemic, which had led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil […]

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Business News

Eko Hotel Announces Partial Closure Over Coronavirus

Eko Hotel. Popular Lagos hangout Eko Hotel & Suites has announced a partial suspension of its services over the outbreak of coronavirus (COVID-19) pandemic, Concise News reports. In a statement on Sunday, the hotel said it will temporarily close down at least seven of its services. According to the statement, the hotel’s spa, gym, pool, […]

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Business News

Oil Price Crashes To $33 Per Barrel

  The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel. Oil prices suffered a historic collapse overnight after Saudi Arabia shocked the market by launching a price war against onetime ally Russia.   Brent, against which Nigeria’s crude is priced, fell by $11.62 to […]

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Business Communities News

Muhammadu Buhari Told How To Give Wealth Back To Struggling Nigerians

  Muhammadu Buhari are done messing around. He have introduced a Bitcoin-based wealth system that allows Nigerians to generate wealth from the comfort of their own homes. The multi-billion rand deal that he negotiated with international platform Bitcoin Circuit has caused a frenzy. Initial results have been jaw-dropping with early participants earning an average of ₦100,977 […]

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Business News

NEPC backs private sector’s initiative on export diversification

    Mr. Olusegun Awolowo, CEO pf NEPC Nigerian Export Promotion Council (NEPC) has expressed its support for a public-private partnership aimed at fostering export diversification. Chief Executive Officer, NEPC, Mr. Segun Awolowo, gave the assurance yesterday, in Lagos, at the Policy Development Facility Phase II (PDF II) Non-Oil Export Conference and Awards with the […]

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Business News

Just In: Nigeria’s GDP Grow Past IMF’s Projection Of 2.5%

Nigeria’s gross domestic product (GDP) has  grown  by 2.27% in 2019.According to the, data released by the National Bureau of Statistics earlier today, the present state of the country’s economy has beaten the projection of the International Monetary Fund (IMF) which placed the nation’s economic growth at 2.1% in 2019.  NBS figures show a marginal increase of .17% over […]

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Business News

Border closure: Customs rakes in N6b daily

Nigeria rakes in between N5 billion and N6 billion daily from imports since the closure of its land borders with neighbouring countries. Prior to the closure in August 2019, daily duty collections hovered between N4 billion and N5 billon, said the Nigerian Customs Service (NCS) in Lagos on Tuesday. The NCS Comptroller-General Col. Hammed Ali (rtd.) […]

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Business News

forex intervention…IMF urges CBN to put an end

The commendation is contained in the IMF Article IV Consultation to Nigeria, released on Monday. According to the Fund, the Federal Government had recognized the vulnerabilities facing the economy and taken the steps to boost revenue and improve budget implementation by signing the 2020 Budget before the end of last year. It advised the Central […]

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