Fidelity Bank Plc has announced its proposed acquisition of a 100% equity stake in Union Bank Plc in the United Kingdom. In a corporate filing on the Nigerian Exchange Limited…
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Category: Business
Petrol subsidy to remain till after 2023 election – FG
By our reporter| The current petrol subsidy regime will remain in place until mid-2023, the federal government said on Monday. The Minister of Finance, Zainab Ahmed, who made the disclosure…
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Dangote to save forex, through 40% sugar import substitution
…To employ 30,000 youths in Nasarawa Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40 percent, thus paving the…
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Naira decline persists, crosses N700/$ mark at parallel market
The naira continued its downward slide on Monday, falling to N702 per dollar at the parallel market. The figure represents N10 or 1.4 percent depreciation compared to the N692 it…
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CBN releases $265m of airlines trapped fund
By our reporter| The Central Bank of Nigeria (CBN) on Friday released the sum of $265 million to airlines operating in the country to settle outstanding ticket sales in an…
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