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Nigeria Business News

CBN Deputy Gov: Financial institutions need corporate governance to survive

Deputy Governor, Central Bank of Nigeria (CBN), Dr. Joseph Nnanna, has revealed that financial institutions in the country cannot meet…

Buhari clears NNPC of shady deals

All the way from New York, President Muhammadu Bu­hari cleared the Nigerian National Petroleum Corpo­ration (NNPC) of corruption and shady…

D’banj becomes SLOT new Ambassador

Nigeria’s no1 exclusive phone retailer Slot Limited just signed D’Banj as her Brand Ambassador. SLOT unveiled D’BANK as New Ambassador…

CBN Cuts CRR to 25%, Holds Benchmark Rate at 13%

Concerned by the seeming shortage of cash in the banking system as well as the fragile macroeconomic environment, the Central…

Buhari calls JP Morgan’s bluff, says no to Naira devaluation

President Muhammadu Buhari has ruled out possible devaluation of the naira in the near term, putting paid to speculations of…

La Casera sacks over 1,300 of its workers

Management of La Casera Company Plc, Lagos and its workers are locked in a bitter battle over the sack of…

JP Morgan and FG’s Bonds

The Central Bank of Nigeria (CBN) has assured stakeholders in the economy not to panic in the wake of JP…

Treasury Single Account: No going back on Sept. 15 deadline – Accountant General

The Nigerian Government on Friday said there was no going back on the September 15, 2015 deadline for all Ministries,…

JP Morgan: Foreign investors to dump Nigeria

The decision of JP Morgan to delist Nigeria from its Gov­ernment Bond Index (GBI-EM) by the end of October may…

NNPC starts recovery of $9.6billion owed Nigeria

The Nigerian National Petroleum Cooperation (NNPC) has begun the process of recovering over $7 billion in over-deducted tax benefits from…

Treasury Single Account, Buhari gives Sept 15 deadline

President Muhammadu Buhari has given all ministries, departments and agencies (MDAs) of the Federal Government a marching order to comply…

Naira weakens in black market

The Nigerian naira weakened by 1.13 percent against the dollar on the parallel market on Monday amid rising demand for…
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