Emeka Ejere || The Central Bank of Nigeria (CBN) has been working to make the exchange rates for its currency converge on the official and black market, its spokesman Isaac Okoroafor…
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Category: Economy
Nigerian stocks hit three-month high on strong earnings, FX moves
Emeka Ibemere || Nigerian stocks hit a three-month high on Tuesday, lifted by company earnings results that outperformed market expectations and hopes that a new currency-trading window will help lure…
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Nigeria aims for more flexible system of forex allocation – Osinbajo
Emeka Ibemere || Nigeria aims to end its use of a list of 41 import items for which local firms cannot get hard currency from the central bank and instead…
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AMCON injects N1.5bn in Arik Air
Agency report|| The Asset Management Company of Nigeria has injected N1.5bn in Arik Airline Ltd to safeguard its operations since its takeover. The Arik Air Chief Executive Officer, Capt. Roy…
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MTN Nigerian explains why it sacked 280 staff
Nigeria Telecommunication giant, MTN on Tuesday gave reasons why the company sack over two hundred of its workforce last Friday. The majority of those affected in the shakeup were pioneer…
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