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Nigeria Business News

World Bank Appoints Arunma Oteh, Vice President And Treasurer

Nigeria’s immediate director general of its Securities and Exchange Commission, Arunma Oteh, has been appointed as Vice President and Treasurer…

CBN again adjusts naira-dollar foreign exchange rate

The Central Bank of Nigeria (CBN) has adjusted its exchange rate peg to N197 against the dollar from the N196.95…

Naira depreciation on the top agenda as MPC meets today

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), which commences its 245th meeting today (Thursday) is…

NNPC moves against 3 marketers, revoke licences

The Nigerian National Petroleum Corporation on Tuesday wielded the big stick on three independent petroleum products marketing firms for various…

Naira drops to N241 against $1

The naira hit another record low of 241 against the dollar at the parallel market on Monday as the Central…

NNPC corruption must be destroyed or Nigeria stands the risk of being destroyed- El-Rufai

The governor of Kaduna State, Nasir el Rufai, has said Nigeria must do away with its “corrupt” oil company, the…

Petrol dealers insist on selling above N87

The Petroleum Dealers and Owners Association in Ondo and Ekiti States on Monday said it would not be able to…

Lagos State: Ladipo market crisis worsen

The understanding between government and the traders took on a sour note last week­end, when the alleged alleged that the…

Lagos State Internal Revenue Service shuts down 6 companies over tax evasion

The Lagos State Internal Revenue Service (LIRS) has shut down six companies for failing to remit N11.3 million personal income…

Banks refuse usage of new National Identity Card

Despite the Septem­ber 1, 2015 deadline set for enforcement of the new national identity card by the National Identity Management…

Naira falls again, N236.50 to $1

The Naira on Monday went for N236.50 against the Dollar, N345 against the Pound and N235 against the Euro. The…

Increment in the prices of garri, yam, others in the coming weeks

Nigerians are to pay even more for consumer goods in the coming weeks, following an increase of about 10% over…
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