The Central Bank of Nigeria (CBN) on Monday, September 18, 2017, threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier directive of March 3, 2017 instructing…
Read More Forex: CBN goes tough on Banks, floods market with $545m
Category: Business
Nigeria inflation rate drops again to 16.01%
Ebun Francis || Nigeria inflation rate dropped for the seventh consecutive time to 16.01% according to figures released by the National Bureau of Statistics (NBS) on Friday. According to the…
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Dangote bids for South African cement company
Dangote Cement, a member of Dangote group has approached South African cement producer, (PPC), for takeover bid, but talks are at preliminary stages, Media reported on Thursday. PPC is already…
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The era of cheap petrol is here, says Kachikwu
Ebun Francis || Dr Ibe Kachikwu, Nigeria’s Minister of Petroleum Resources on Thursday predicted that the era of cheap petroleum has arrived for Nigerians. The minister made the forecast while…
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5,000 farmers not enough to supply tomato to Dangote’s factory
Five thousand Tomato farmers are unable to provide enough tomatoes for the $20 million tomato producing factory owned African richest man and President of Dangote Group, Aliko Dangote. Reuters reports that…
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