By Alamin Khaliel On Tuesday, October 8th, 2019
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Market Indices Slump Further By 0.45%

(NEWS INVESTIGATORS) Activities on the nation’s bourse resumed for the week on Monday still on negative territory with crucial market indicators dropping further by 0.45 per cent. Specifically, the market More...

By News Investigators On Saturday, October 5th, 2019
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FG Restates Commitment To Strengthen Trade Relations With Poland

The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo has reiterated Federal Government’s committment to strengthen relationship between Nigeria and Poland in terms of trade, commerce and industrialisation. Adebayo More...

By News Investigators On Thursday, October 3rd, 2019
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Nigeria’s Livestock Industry Worth Over N30 Trillion, Says Minister

Livestocks (News Investigators)/ Nigeria’s Minister of Agriculture, Muhammad Sabo-Nanono, on Thursday, says Nigerians breed over N30 trillion worth of livestock, which should be properly harnessed to the benefit More...

By Sadiq Umar On Thursday, October 3rd, 2019
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Bankers Committee Throws Weight Behind CBN’s Cashless Policy, LDR

(News Investigators)/ The Bankers Committee has thrown its weight behind the Central Bank of Nigeria (CBN)’s cashless and Loan to Deposit Ratio (LDR) policies introduced by the apex bank. In a joint briefing More...

By Alaba Ajiba On Thursday, October 3rd, 2019
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Fidelity Bank Supports Financial Inclusion Drive With N120m Promo

(News Investigators)/ Fidelity Bank Plc on Thursday flagged off its Get Alert in Millions (GAIM) Season 4 promo to strengthen the Federal Government’s financial inclusion drive. Speaking at the event in Lagos, More...

By News Investigators On Thursday, October 3rd, 2019
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New Orders Fuel Kenya’s Private Sector Activity In Sept–PMI

Kenya’s private sector activity grew for the fifth straight month in September, boosted by an increase in new orders for businesses, a survey showed on Thursday. The Markit Stanbic Bank Kenya Purchasing Managers’ More...

By News Investigators On Wednesday, October 2nd, 2019
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AfDB Commends Nigeria’s Resilience, Entrepreneurial Skills

The African Development Bank (AfDB) has commended Nigerians for their resilience and entrepreneurial skills in the 59 years of the country’s existence. A statement  issued by Mr Victor Oladokun, Director, More...

By Shaban Akanbi On Wednesday, October 2nd, 2019
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Nigeria Gets New World Bank Country Director

The World Bank has appointed Mr Shubham Chaudhuri as the new Country Director for Nigeria, succeeding Mr Rachid Benmessaoud who completed his term recently. A statement issued by the World Bank’s Senior Communications More...

By Alamin Khaliel On Thursday, September 26th, 2019
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Premium Pension’s Asset Base Hits N680b

(NEWS INVESTIGATORS) Premium Pension Ltd. has built an asset base of N680 billion after 14 years of its operations, the Managing Director of the company, Mr Umar Mairami, announced in Lagos. Mairami made the More...

By Alamin Khaliel On Wednesday, September 18th, 2019
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FG Cautions Producers, Marketers Against Mishandling Of Chemical Weapons

(NEWS INVESTIGATORS) The Federal Government has cautioned producers and marketers of chemical weapons against allowing it into the hands of non-state actors. Mr Gabriel Aduda, the Permanent Secretary, Political More...

By Shaban Akanbi On Friday, September 6th, 2019
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NNPC Moves To Boost Domestic Gas Use

The Nigerian National Petroleum Corporation (NNPC) says it will grow the domestic gas use in-country to five billion cubic feet of gas per day from its current 1.7 billion cubic feet of gas per day by 2022. Chief More...

By Shaban Akanbi On Thursday, September 5th, 2019
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Mortgage Bank Urges Nigerians To Access Housing Products

The Federal Mortgage Bank of Nigeria (FMBN), Federal Capital Territory (FCT) branch,  has called on Nigerians to access their mortgage products through  National Housing  Fund (NHF) scheme. Mrs More...

By Shaban Akanbi On Wednesday, September 4th, 2019
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NNPC GMD Reiterates Commitment To Transparency, Accountability

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Malam Mele Kyari, has reiterated his commitment to transparency and accountability in the operations of the corporation. Kyari More...

By Shaban Akanbi On Friday, August 30th, 2019
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VP Osinbajo, NECA Discuss Business Sustenance In Nigeria

Vice President Yemi Osinbajo on Thursday at the Presidential Villa, Abuja, hosted a delegation of the Nigeria Employers’ Consultative Forum (NECA). Timothy Olawale, Director-General, NECA, who spoke with State More...

By Shaban Akanbi On Friday, August 30th, 2019
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Nigeria Losses 22m Barrel Of Oil To Theft

Gov. Godwin Obaseki of Edo said the nation lost about 22 million barrels of its crude oil production to oil theft between January and June. Obaseki disclosed this in a statement issued by Mr Ndu Ughamadu, the More...

By Shaban Akanbi On Friday, August 23rd, 2019
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FG, States, LGs Share N769.5bn For July

The Federal Government, States and Local Government Areas (LGAs) shared N769.52 billion as federal allocation for the month of July. Mr Ahmed Idris, the Accountant-General of the Federation (AGF), said this More...

By Shaban Akanbi On Friday, August 23rd, 2019
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Nigeria Produces 692m Barrels Of Crude Oil in 2017

The Nigeria Extractive Industries Transparency Initiative (NEITI) says that 692 million barrels of crude oil was produced in the country in 2017. NEITI disclosed this in its report, entitled, “pilot study More...

By Shaban Akanbi On Friday, August 16th, 2019
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U.S. Threatens Sanctions Over Iranian Tanker After Court Release

The U.S. is gravely disappointed with the U.K. after a Gibraltar court allowed the release of an Iranian tanker suspected of hauling oil to Syria, and threatened sanctions against ports, banks and anyone else who More...

By News Investigators On Friday, August 16th, 2019
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NNPC Targets China To Boost Crude Oil Reserves

(NEWS INVESTIGATORS) The Nigerian National Petroleum Corporation (NNPC) says strategic partnership and new investments in the Upstream Petroleum Sector are essential to actualise the growth of the nation’s crude More...

By Shaban Akanbi On Friday, August 16th, 2019
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N-Power Beneficiaries Urge FG On Timely Stipends Payment

N-Power beneficiaries under the Federal Government’s Social Investment Programme (SIP) on Thursday appealed to the federal government to ensure timely payment of their monthly stipends to enhance their performance More...

By Shaban Akanbi On Friday, August 16th, 2019
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NNPC, China Partner On Upstream Investment

The Nigerian National Petroleum Corporation (NNPC) says strategic partnership and new investments in the Upstream Petroleum Sector are essential to actualise the growth of the nation’s crude Oil reserves . Group More...

By News Investigators On Thursday, August 15th, 2019
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Access Bank Introduces Loan For Smartphone Purchase

(NEWS INVESTIGATORS) Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get connected to more businesses online and deepen financial inclusion. Victor Etuokwu, Executive More...

By News Investigators On Thursday, August 15th, 2019
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Resuscitate Warri Port now To Boost Economy – Okowa Tasks FG

(NEWS INVESTIGATOR) Gov. Ifeanyi Okowa of Delta, on Wednesday in Asaba, stressed the need for the Federal Government to resuscitate Warri Port. Okowa, who gave the charge when the Olu of Warri, Ogiame Ikenwoli More...

By Shaban Akanbi On Thursday, August 15th, 2019
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3,034 Benefits From Federal Housing Loan

The Federal Mortgage Bank of Nigeria has disbursed  N2.6 billion to 3,034 beneficiaries under  its intervention housing loan through the Federal Staff Housing Loan scheme, the Managing Director, Mr Ahmed More...

By Shaban Akanbi On Thursday, August 8th, 2019
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Nigeria-Morocco Gas Pipeline A New Vista For Our Gas Aspiration -Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says Nigeria-Morocco Gas Pipeline (NMGP) project will open new vistas for Nigeria’s gas aspirations. Kyari More...

By Shaban Akanbi On Wednesday, August 7th, 2019
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NNPC Warns Against Politicising Its Activities

ABUJA: The Nigerian National Petroleum Corporation (NNPC) has urged the public to be wary of attempts to drag the corporation into politics in the guise of requests for information under the Freedom of Information More...

By Shaban Akanbi On Friday, August 2nd, 2019
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FMBN Builds 3,700 Houses Across Nigeria

Mr Ahmed Dangiwa, Managing Director, Federal Mortgage Bank of Nigeria (FMBN), says the bank will build 100 housing units in each state and the Federal Capital Territory to address housing deficit in Nigeria. Dangiwa More...

By Shaban Akanbi On Friday, August 2nd, 2019
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FG Commits To More Dry Ports

The Director General (DG) Infrastructural Concession Regulatory Commission (ICRC), Mr Chidi Izuwah says the Federal Government is committed to establishing more dry ports in the country. The DG said this on More...

By News Investigators On Thursday, August 1st, 2019
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Insufficient Power Supply, High Interest Rate, Others Constrained Business Activities In July -CBN

Governor of Central Bank The Central Bank of Nigeria (CBN) says some firms in the country have identified insufficient power supply, high interest rates and unfavourable economic climate as major factors that More...

By Shaban Akanbi On Wednesday, July 31st, 2019
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CBN Injects $210m Into Forex Market

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30. The bank’s Director, Corporate Communications More...

By News Investigators On Monday, July 29th, 2019
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Russia Offers Gas Transit Agreement Extension to Ukraine

Russian energy minister Aleksander Novak has said that Russia has offered Ukraine the opportunity to extend an existing gas transit agreement to the end of 2021. “We will wait for trilateral consultations More...

By News Investigators On Thursday, July 25th, 2019
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DMO Says N145bn July Bond receives 207.6% subscription

The Debt Management Office (DMO) says the N145 billion offered for three instruments in the July bond auction received a total value of N301.02 billion, indicating a subscription level of 207.6 per cent. In More...

By News Investigators On Friday, July 19th, 2019
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CBN Partners Churches, Mosques On Financial Literacy

Central Bank of Nigeria (News Investigators)/ Central Bank of Nigeria (CBN) on Friday said it is in partnership with churches and mosques in the promotion of financial literacy in the country. The bank’s More...

By News Investigators On Wednesday, July 17th, 2019
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Kenyan, Chinese Banks Launch Initiative To Boost Sino-Africa Trade

Kenya’s Stanbic Bank and the Industrial and Commercial Bank of China (ICBC) launched an initiative in Kenya on Wednesday to boost China-Africa trade. The two banks have partnered with Chinese trade agent Zhejiang More...

By News Investigators On Tuesday, July 16th, 2019
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CBN Injects $210m In Forex Market

Abuja, The interbank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central Bank of Nigeria (CBN) on Tuesday. The CBN Director of Corporate Communications More...

By News Investigators On Friday, July 12th, 2019
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NSE Market Indices Drop Further By 0.51% On Sell Pressure

(News Investigators)/ The crucial market indicators of the Nigerian Stock Exchange (NSE) sustained downward mood, dropping further by 0.51 per cent. Specifically, the All-Share Index shed 145.51 points or More...

By News Investigators On Wednesday, July 10th, 2019
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MTN Nigeria Slashes Data Prices

(News Investigators)/ MTN Nigeria on Wednesday announced a price slash across all its data plans and offerings, barely two weeks after launching 4G+, which offers customers faster data speeds. The Chief Marketing More...

By News Investigators On Tuesday, July 9th, 2019
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We Will Reposition NNPC To Global Company Of Excellence -GMD

Mele Kyari (News Investigators)/ The newly appointed Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Mele Kyari has pledged to reposition the corporation to achieve global excellence. Mr. More...

By News Investigators On Tuesday, July 9th, 2019
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Economic Growth: Nigeria’s New Trade Policy Guarantees Incentives, Lift Restrictions For Farmers

President Muhammadu Buhari By Sadiq Umar – The Federal Government says it is reviewing the country’s Trade Policy to ensure a conducive and improved business environment for Micro, Small and Medium Enterprises More...

By News Investigators On Wednesday, June 12th, 2019
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Pulling Down Non-Tariff Barriers Alone ‘ll Spur 53% Trade, Adesina Tells African Leaders

Akinwunmi Adesina (News Investigators) /President of African Development Bank (AfDB), Akinwunmi Adesina has urged African governments to work toward the elimination of non-tariff barriers, saying “pulling More...

By News Investigators On Friday, May 31st, 2019
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Bank CEOs Vow To “Shame” Chronic Debtors, Mute Publishing Names

Godwin Emefiele (News Investigators)/Chief Executive Officers of Commercial Banks across the country have resolved to share details of those identified as “chronic debtors”, just as it agreed to deny the More...

By News Investigators On Tuesday, May 28th, 2019
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Buhari Signs N8.916 Trillion Budget Into Law

President Muhammadu Buhari (News Investigators)/President Muhammadu Buhari on Monday signed into law the sum of N8.916 trillion being the 2019 Appropriation Bill. Mr. Buhari signed the budget into law in More...

By News Investigators On Thursday, April 11th, 2019
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Nigeria, Others Spend $5.2 Trillion On Fuel Subsidy In 4-Yrs -IMF Boss

Christine Lagarde By Sadiq Umar – The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has faulted government spending on fuel subsidy, saying Nigeria and other countries More...

By News Investigators On Friday, February 1st, 2019
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Udoma Udo Udoma Predicts Steady Economic Growth In 2019

Minister of Budget Planning (News Investigators) /The Minister of Budget and National Planning, Udoma Udo Udoma, is optimistic that the Nigerian economy will continue to maintain its recovery in 2019 as the More...

By News Investigators On Tuesday, January 8th, 2019
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ADB Approves $14.12 Million To Support Nigeria’s Membership In ATI

Okechukwu Enelamah The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support Nigeria’s membership in the African Trade Insurance Agency (ATI). More...

By News Investigators On Monday, January 7th, 2019
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FIRS Nets N5.32Trillion Revenue Collection In 2018

FIRS The Federal Inland Revenue Service (FIRS) says it collected a total sum of N5.32 trillion in 2018, the highest revenue receipt since 2012 when it realised N5.07 trillion. The revenue generation agency More...

By News Investigators On Friday, October 26th, 2018
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FG, States, LGAs Share N698.7 Billion Sept Allocation

(News Investigators) /The Federal Government and its federating states and local governments on Thursday shared N698.7 billion as statutory allocation from the federation account for September 2018. The sharing More...

By News Investigators On Thursday, October 25th, 2018
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Buhari Proposes N8.73 Trillion Budget For 2019

The Federal Government has proposed a total of N8.73tr for 2019 budget, just as it planned to submit the Medium Term Expenditure Framework (MTEF) to the National Assembly soon. The figure represents a slight reduction More...

By News Investigators On Wednesday, October 17th, 2018
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FEC Approves $2.9 Billion Eurobond, Appoints CitiBank, Standard Chartered, Others For Transactions

The Federal Executive Council (FEC) on Wednesday approved $2.9billion Eurobond as part of the external borrowing plan to finance capital projects across the country. The Council meeting presided over by President More...

By News Investigators On Tuesday, October 9th, 2018
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Senate, Reps Resume Plenary, Adjourn Over Funke Adedoyin Death

(News Investigators) The National Assembly Tuesday resumed plenary after its 10weeks vacation, even as it adjourned sitting in memory one of its own, Funke Adedoyin, who died early hour of Tuesday Federal lawmakers More...

By News Investigators On Wednesday, October 3rd, 2018
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World Bank Cuts Sub-Saharan Africa Growth To 2.7% In 2018

By Mazino Dickson – The World Bank has cut its forecast for growth of sub-Saharan Africa in 2018 to 2.7 per cent. This is down from an earlier one of 3.1 per cent, partly due to less favourable external environment More...

By News Investigators On Tuesday, September 25th, 2018
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Debt: 60 Percent Of Nigeria’s Earning May Soon Go For Debt Servicing -Report

(News Investigators) /The 2014 oil price crash decimated Nigeria’s revenue stream. In 2012, revenues totaled ₦10.1 trillion, with ₦8.1 trillion coming from oil; by the end of 2016, it had fallen to ₦5.1 More...

By News Investigators On Saturday, September 1st, 2018
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FOCAC: Nigeria, China To Sign $328 Million Agreement On ICT Dev., In Addition To 25 MoUs

By Nuel Suji – President Muhammadu Buhari on Saturday arrived Beijing, China’s capital where he is expected to join his Chinese counterpart, Xi Jingping, to witness the signing of an agreement worth $328 More...

By News Investigators On Saturday, July 28th, 2018
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FOREX: CBN Injects USD, Chinese Yuan Into Interbank Market

By Nuel Suji – The Central Bank of Nigeria (CBN) has injected the sum $340, 507, 376.51 into the interbank retail secondary market intervention sales. This is in addition to the sale of CNY 69,858,087.15 in More...

By News Investigators On Thursday, June 21st, 2018
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Buhari Signs N9.12 Trillion Money Bill, Laments NASS’ Cut In Budget 2018

By Sadiq Umar – President Muhammadu Buhari on Wednesday lamented the reduction of capital allocations in the 2018 budget by the National Assembly, even as the president signed into law a sum of N9.12 trillion More...

By News Investigators On Thursday, May 24th, 2018
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Report Any Bank That Denies You Forex, CBN Tells Customers

By Sadiq Umar – The Central Bank of Nigeria (CBN) has called on the public to report any bank that refuses to grant their request for foreign exchange for BTA/PTA and pilgrimage within 24 hours. CBN, in a More...

By News Investigators On Wednesday, May 16th, 2018
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Budget 2018: NASS Passes N9.12 Trillion Appropriation, Saraki Hails Increase In Health Allocations

By Nuel Suji – The National Assembly on Wednesday passed the 2018 budget after seven months with an increase of N500 billion. President Muhammadu Buhari had presented an Appropriation bill of N8.6 trillion More...

By News Investigators On Thursday, May 3rd, 2018
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Nigeria, China Sign Currency Exchange Deal To Ease Business Transaction

By Nuel Suji – The Central Bank of Nigeria (CBN) and the Peoples Bank of China (PBoC), have signed a bilateral currency exchange deal that would ease business transactions between Nigeria and China. The deal, More...

By News Investigators On Tuesday, May 1st, 2018
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FG, International Consortium Sign Interim Phase Agreement For Rail Concession

By News Investigators – The Nigerian government on Friday signed an agreement with a foreign Consortium to proceed with the Interim Phase of the Nigerian narrow-gauge railway concession. The signing of the More...

By News Investigators On Tuesday, May 1st, 2018
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“No Fire Incident At CBN Head Office” -Okorafor

By Nuel Suji – The Central Bank of Nigeria (CBN) has dismissed as untrue, reports that its head office in Abuja was engulfed in fire on Tuesday. Some media outlets (not News Investigators) had earlier reported More...

By News Investigators On Thursday, April 12th, 2018
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Nigeria’s Inflation Rate Drops To 13.34 Percent

By Nuel Suji – Nigeria’s inflation figure has dropped to 13.34 per cent, making it 0.99 percent less than the 14.33 figure recorded in February. Minister of Budget Planning Since the beginning of January More...

By News Investigators On Tuesday, April 10th, 2018
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Access Bank Introduces PayDay Loan On USSD Code *901*11#

By News Investigators – In a bid to provide quicker and instant access to loans for employees, Access Bank Plc has launched PayDay Loan, Nigeria’s first fully digital lending service. Access PayDay Loan More...

By News Investigators On Saturday, March 31st, 2018
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Unity Bank’s $1Billion Loan Talks With Milost Collapsed

By News Investigators- Milost Global Inc. has jettison its plan to provide $1 billion to Nigeria’s Unity Bank Plc, saying it received threats that it would be run out of the country if the deal continues. The More...

By News Investigators On Thursday, March 29th, 2018
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Senate Rejects $350M Foreign Loan Request For Kaduna, Lawmakers Say It’s “Misplaced, Unimportant”

By Nuel Suji – The Senate on Thursday rejected a $350million foreign loan request for Kaduna State government, with lawmakers describing the request as “misplaced priority” and “unimportant.” The senate More...

By News Investigators On Monday, March 26th, 2018
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PaySend Partners Access Bank To Spread FinTech Revolution In Africa

By News Investigators – PaySend, the money transfer company has continued to bring a new generation of money transfers to the African market through its new partnership with Access Bank Nigeria. Described More...

By News Investigators On Wednesday, March 21st, 2018
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JUST IN: NASS Agrees To Pass 2018 Budget April 24

By Nuel Suji – Speaker of Nigeria’s House of Representatives, Yakubu Dogara says the two chambers of National Assembly have resolved to pass the 2018 Appropriation bill into law on April 24. Mr. Dogara gave More...

By News Investigators On Thursday, March 1st, 2018
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UBA, China’s Dev. Bank Sign $100M Financing Deal

ABUJA/(News Investigators) – United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution, on Tuesday announced the More...

By News Investigators On Monday, February 5th, 2018
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Fitch Upgrades Access Bank’s National Rating To ‘A+, CEO, Wigwe Hails Performance

By Nuel Suji – Fitch Ratings, a leading global rating agency, has upgraded Access Bank’s National Long-Term Rating to ‘A+ from ‘A. Even as it affirmed the Bank’s Long-Term Issuer Default Rating More...

By News Investigators On Friday, January 19th, 2018
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Access Bank Approves Paternity Leave For Employees

By Nuel Suji – Starting January 2018, male employees of Access Bank Plc can take advantage of an enhanced parental leave policy that extends paid benefits to all mothers and fathers. Fostering an inclusive More...

By News Investigators On Friday, January 19th, 2018
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Nigeria To Maintain Leading Role In AfDB -Osinbajo

By Nuel Suji – Nigeria’s Vice President, Yemi Osinbajo says the country will continue to play a leading role in the African Development Bank (AfDB) in order to advance efforts to boost regional integration More...

By News Investigators On Monday, January 15th, 2018
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Access Bank Upgrades Ombudsman To Boost Dispute Resolution

Consistent with its reputation for adopting best practices in all facets of its operations, Access Bank Plc has upgraded its customer service function, Ombudsman, for the purpose of resolving service issues between More...

By News Investigators On Tuesday, December 5th, 2017
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Dangote Partners With Jumia To Sell Cement Online

By Nuel Suji – In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc has signed a pact with the foremost e-commerce platform More...

By News Investigators On Thursday, November 9th, 2017
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Kigame, Elumelu To Feature At 2017 Entrepreneur Forum In Standford

(News Investigators)Founder of the $100m Entrepreneurship Programme and chairman, Heirs Holding,Tony Elumelu,  will be headlining the Young Entrepreneurship Day (YED) at the Africa 2017 Forum. Mr. Elumelu will More...

By News Investigators On Monday, October 23rd, 2017
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Joseph Makoju Takes Over Dangote Cement As Ag. MD/CEO

By Nuel Suji – Dangote Cement has announced the appointment of Joseph Makoju as its acting Managing Director and Chief Executive Officer, just as it appointed acting Chief Executive Officer for its Congo operation. The More...

By News Investigators On Thursday, October 19th, 2017
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AfDB Seeks Global Support For Africa’s Young Farmers, Says Next Billionaires ‘ll Emerge From Agribusiness

By (News Investigators) -The African Development Bank (AfDB) has called for global support for Africa’s young farmers and “agripreneurs”, noting that agribusiness is the answer to the continent’s youth employment. AfDB More...

By News Investigators On Friday, October 6th, 2017
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Buhari Appoints Aisha Ahmad CBN Dep. Gov.

By Sadiq Umar – President Muhammadu Buhari has approved the appointment of Aisha Ahmad as Deputy Governor of the Central Bank of Nigeria (CBN). Mrs Ahmad is to replace a former Deputy Governor, Sarah Alade More...

By News Investigators On Tuesday, September 19th, 2017
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Africa’s $68bn Infrastructure Finance Gap: Elumelu Calls For Coherent, Coordinated Approach By African Govts

By Nuel Suji – Chairman of Heirs Holdings, Tony Elumelu, has stressed the need for a coherent and coordinated approach to mobilize institutional investors in Africa while limiting their risk exposure Mr. Elumelu More...

By News Investigators On Monday, August 28th, 2017
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Inflation Down To 16.05 Percent In July, Says NBS

By Sadiq Umar – Nigeria’s headline inflation has again reduced to 16.05 percent (year on year), July 2017, compared to 16.10 percent in June 2016, the National Bureau of Statistics(NBS) reveals. This makes More...

By News Investigators On Wednesday, August 23rd, 2017
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Dangote Signs $450million Jumbo Sugar Production MoU With Niger

By Nuel Suji – In another bold move for self-sufficiency in sugar production through the government’s backward integration policy, the Pan African Conglomerate, Dangote Group today in Minna, Niger State More...

By News Investigators On Wednesday, August 2nd, 2017
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Nigeria, Africa’s Largest Economy, Adopts 3 Word Addresses To Improve NIPOST

By Nuel Suji – Nigeria’s postal service, NIPOST, has just announced its adoption of the innovative global addressing system what3words. Nigeria is the seventh country to adopt what3words, and the third in More...

By News Investigators On Monday, July 31st, 2017
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Nigeria’s Okechukwu Enelamah Elected Vice Chairperson, Africa, WTO Ministerial Conference

By Nuel Suji – Nigeria’s minister of Industry, Trade and Investment, Okechukwu Enelamah, has been elected the Vice-Chairperson representing Africa, for the 11th World Trade Organisation (WTO) Ministerial More...

By News Investigators On Monday, July 31st, 2017
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Half Year: Dangote Cement Records 12.6% Sales Increase Across Africa

By Nuel Suji – Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. In More...

By News Investigators On Monday, July 24th, 2017
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OPEC Says More Libya, Nigeria Oil Is Needed

BLOOMBERG: Limiting oil output from Nigeria and Libya won’t be on the agenda when OPEC and other producers meet on Monday, with both African nations saying they’ll need to keep pumping at a higher level before More...

By News Investigators On Sunday, July 16th, 2017
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Take Advantage Of VAIDS Now, Magnus Nmonwu Tells Company Owners

By Sadiq Umar – Nigerian companies and entrepreneurs that do not have their tax affairs in order should act now to take advantage of the government’s Voluntary Assets and Income Declaration Scheme (VAIDS), More...

By News Investigators On Monday, July 3rd, 2017
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Agusto Upgrades Access Bank’s Rating To Aa-

(News Investigators)- In its recent rating review of Access Bank Plc, foremost rating agency in Nigeria, Agusto & Co, has raised the Bank’s rating from “A+” to “Aa-”, with a stable outlook. The upgrade More...

By News Investigators On Saturday, June 24th, 2017
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CBN, NCC Wade Into Etisalat Loan Dispute

By Sadiq Umar – The Central Bank of Nigeria (CBN) has and the Nigeria Communications Commission (NCC) have intervened in the crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated More...

By News Investigators On Wednesday, June 14th, 2017
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20 Families Receive Special Surprises In Access Bank’s Family Fortune Promo

(News Investigators) As part of its commitment to reward participants with exciting prizes in its ongoing ‘Family Fortune Promo’, Access Bank Plc has delighted 20 of its customers who were the first set to take More...

By News Investigators On Monday, June 12th, 2017
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Buhari Backed Osinbajo To Sign Budget 2017 Into Law, Says Presidency

By Sadiq Umar – Nigeria’s acting President, Yemi Osinbajo has signed the 2017 Appropriation Bill into law but the Presidency says it was a the instance of President Muhammadu Buhari. A statement by Senior More...

By News Investigators On Monday, June 12th, 2017
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Heirs Holdings Appoints Director Of Marketing And Corporate Communications

Heirs Holdings today announced the appointment of Pelumi Fadairo as Director of Marketing and Corporate Communications.  Fadairo will be responsible for driving the Group’s strategic marketing objectives and More...

By News Investigators On Monday, June 5th, 2017
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Skye Bank Loses Round One In Legal Suit Against Centrespread Advertising

A Lagos High Court has dismissed, for lack of admissible evidence, a preliminary application by Skye Bank for an order pronouncing that Centrespread Advertising had agreed to pay the sum of N525million as outstanding More...

By News Investigators On Wednesday, May 31st, 2017
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Osinbajo Signs Laws To Ease Access To Credit Facility

By Nuel Suji – The Acting President, Yemi Osinbajo, Tuesday signed into law two bills that would ultimately facilitate easy access to credit facility, especially for small business owners. The bills which More...

By News Investigators On Thursday, May 25th, 2017
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Why Made-In-Nigeria Will Give Small Businesses A Boost

By Nuel Suji – The Federal Government should be commended for putting the spotlight on local manufacturers through initiatives such as the Made-in-Nigeria Dress Days and an Executive Order compelling state More...

By News Investigators On Monday, May 22nd, 2017
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Gateway Trade Fair: OGUNCCIMA Lauds Dangote Group’s Collaboration

By Nuel Suji – The Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has commended the Pan African Conglomerate, Dangote Group (www.Dangote.com) for its giant strides in economic More...

By News Investigators On Thursday, May 18th, 2017
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Elumelu, African Leaders Commend AFC On World Class Governance Standards

By News Investigators – Chairman, United Bank for Africa Plc, Tony O. Elumelu, has hailed the African Finance Corporation on its various initiatives and contributions targeted towards supporting African economies More...

By News Investigators On Thursday, April 20th, 2017
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ANALYSIS: Of UBA’s Top-Of-Chart Performance

(News Investigators, Abuja) United Bank for Africa (UBA) Plc is on the top list of companies with well-rounded performance. UBA’s top-of-the-chart performance at the stock market combines with considerable growth More...

By News Investigators On Thursday, April 20th, 2017
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Access Bank Appoints Roosevelt Ogbonna New Group Deputy Managing Director

Access Bank has announced the appointment of Roosevelt Michael Ogbonna as its new Group Deputy Managing Director, according to a statement released by the Nigerian Stock Exchange on Wednesday. GDMD The bank said More...

By News Investigators On Tuesday, April 11th, 2017
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FY 2016: Fidelity Bank Grosses N152bn, Proposes 14k Dividend

By Nuel Suji – Fidelity Bank Plc grossed N152.0bn in earnings for the financial year ended December 31, 2016 and is proposing to pay a dividend of 14kobo per share to shareholders, the bank says. The full More...

By News Investigators On Tuesday, April 4th, 2017
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CBN Boosts FOREX Supply By $240m, Threatens To Sanction Defaulting Banks

By Sadiq Umar – The Central Bank of Nigeria (CBN) has released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. The Bank, has also offered a total of $150 million More...

By News Investigators On Friday, March 31st, 2017
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CBN Announces Twice Weekly Forex Sale To Bureaux De Change

By Sadiq Umar – The Central Bank of Nigeria (CBN) Friday announced a new sale amount to Bureaux De Change, saying it would commence twice weekly forex sales from Monday April 3, 2017. The amount to BDCs has More...

By News Investigators On Saturday, March 25th, 2017
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Court Adjourns Aderinokun’s Daughter’s Suit Against GTBank Till March 28

By News Investigators – The Federal High Court in Lagos on Friday adjourned further proceedings till March 28, 2017 in a suit filed against Guaranty Trust Bank and six others by Miss Oluwatise Aderinokun, More...

By News Investigators On Tuesday, March 21st, 2017
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Dangote In Trouble As Regional Admin In Ethiopia Demands Employment Of Locals

(News Investigators) – Ethiopian regional officials are demanding that foreign cement producers including Dangote Cement Plc hand control of some parts of their businesses to groups of unemployed youths. The More...

By News Investigators On Monday, March 20th, 2017
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F.G Hails Dangote’s Self-Sufficiency Feat In Cement Production

By Nuel Suji – The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote More...

By News Investigators On Tuesday, March 7th, 2017
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Elumelu Foundation Partners General Electric On Advanced Training For TEF Entrepreneurs

By Sadiq Umar – The Tony Elumelu Foundation (TEF) has partnered with the General Electric (GE) for an advanced manufacturing training program for up to 25 Tony Elumelu Entrepreneurs yearly. GE and TEF announced More...

By News Investigators On Wednesday, March 1st, 2017
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Court Adjourns GTBank’s Equity Manipulation Case Till March 24

By Nuel Suji – A Federal High Court sitting in Lagos has adjourned till March 24, 2017, hearing in the suit alleging manipulation of the shares belonging to late Tayo Aderinokun, founder and former Managing More...

By News Investigators On Saturday, February 25th, 2017
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Anti-Graft War Has So Far Yielded N57.9Bn, $666M, Says Malami

By Sadiq Umar – The Attorney General of the Federation and Minister of Justice, Abubakar Malami, says the Justice ministry has recovered the whopping sum of N57.9 billion as well as $666.676. Mr. Malami made More...

By News Investigators On Wednesday, February 22nd, 2017
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CBN Injects $370.9m Into FOREX Market

By Nuel Suji – The Central Bank of Nigeria (CBN) on Tuesday, carried out wholesale interventions in the interbank FOREX market by providing a total sum of $370,810,810.79 to 23 banks to meet the visible and More...

By News Investigators On Thursday, February 16th, 2017
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CBN Denies Query Report On Emefiele, Says No Dealing With Individual On FOREX Sale

By Nuel Suji – The Central Bank of Nigeria (CBN) has denied reports that the Governor of the apex bank was queried over issues relating to the sale of foreign exchange, even as it dismissed insinuations that More...

By News Investigators On Friday, February 3rd, 2017
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Airport Closure: Lufthansa Quits Abuja Route, German Biggest Carrier Declines Kaduna Option

By Nuel Suji – Deutsche Lufthansa AG became the first airline to announce that it will suspend flights serving the Nigerian capital Abuja while the city’s airport is closed for repairs, rather than switch More...

By News Investigators On Thursday, January 26th, 2017
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Fitch Downgrades Nigerian Rating Outlook To B+

Fitch Ratings Ltd. the credit rating agency has revised the outlook on Nigeria to negative from stable over concerns that a lack of foreign exchange will hamper the economy, and affirmed the West African nation’s More...

By News Investigators On Wednesday, January 18th, 2017
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Which Economic And Development Policy’s Should Africa Pursue To Ensure Its Survival Path?

By Dr. Mehenou Amouzou Africa has a very serious economic identity problem. When compared to Asia, the continent has made much less progress. China, India, Indonesia and Singapore largely only endured tourism for More...