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AfDB Shocks Nigeria, Releases Only $600m of $1bn Loan Promised

AfDB Shocks Nigeria, Releases Only $600m of $1bn Loan Promised

🕔12:24, 4.Nov 2016

President Muhammadu Buhari and his cabinets were shocked on Thursday November 3 when the board of the African Development Bank (AfDB) authorized the release of only $600 million of the $billion loan facility promised to Nigeria. AfDB is a multilateral

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Nigeria To Generate $150 bn From Intellectual Property yearly

Nigeria To Generate $150 bn From Intellectual Property yearly

🕔11:55, 3.Nov 2016

The Federal‎ Government has said it was set to stimulate economic activities in Nigeria through the Intellectual Property and Technology Transfer Offices (IPTTOs). Director General of the National Office for Technology Acquisition and Promotion (NOTAP), Dr. Dan Azumi Ibrahim, who

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Investors Reject New FRCN Corporate Governance Code

Investors Reject New FRCN Corporate Governance Code

🕔11:31, 3.Nov 2016

The new National Code of Corporate Governance by the Financial Reporting Council of Nigeria(FRCN) has been ‎rejected by investors in the capital market. The investors argue that the code by the FRCN will harm investments in the future. After due

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Stock Market Begins November On Positives

Stock Market Begins November On Positives

🕔07:19, 2.Nov 2016

Trading activities on the floor of the Nigerian Stock Exchange (NSE) yesterday opened the month of November on a positive note, driven by resumed bargain hunting activities, which lifted the NSE ASI and market capitalisation by 0.12 per cent. Specifically,

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Domestic airlines seek $50m grant from CBN’s special forex window

Domestic airlines seek $50m grant from CBN’s special forex window

🕔07:04, 2.Nov 2016

Domestic airline operators have pleaded with the Central Bank of Nigeria (CBN), to allot the local industry at least $50million grant from the foreign exchange (forex) special intervention programme. The airlines, while commending the take-off of the programme, said domestic

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Again, Oil Prices Drop As OPEC Members Split

Again, Oil Prices Drop As OPEC Members Split

🕔23:27, 1.Nov 2016

The much awaited meeting between OPEC members and non-members of the oil producing cartel has led to another bout of oil price drop, making it the second time in a month. Data from the Statistics Department of OPEC released on

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FG, Labour Open Talks On N56,000 Minimum Wage

FG, Labour Open Talks On N56,000 Minimum Wage

🕔12:35, 1.Nov 2016

A delegation of the Federal Government will today meet with officials of the organised labour led by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) to negotiate for the new N56,000 minimum wage. The organised labour had on

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CBN Puts Up  N123bn T-bills For Sale

CBN Puts Up N123bn T-bills For Sale

🕔12:27, 1.Nov 2016

The Central Bank of Nigeria (CBN) is set to sell N123billion worth of Treasury bills to mop up liquidity since the rates in the secondary market in the last one week have remained relatively stable. Analysts at Capital Bancorp noted

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Mercedes Benz unveils X-Class pickup truck

Mercedes Benz unveils X-Class pickup truck

🕔11:46, 31.Oct 2016

After well over a century in the car business, Mercedes-Benz has unveiled its first luxury pickup truck in the form of X-Class. The plans for the “premium” pickup truck‎ which was announced in March, 2015 have been unveiled. The new

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