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CBN grant BDCs temporary access to NFEM
The Central Bank of Nigeria (CBN) has granted BDCs temporary access to Nigerian Foreign Exchange Market (NFEM) from December 19, 2024, to January 30, 2025, with a weekly cap of…
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Press Statement – ‘Addressing NNPCL’s misinformation’ – Dangote Group
Press Statement (Full)Addressing NNPCL's MisinformationDangote RefineryWe have received numerous inquiries from the media and other concerned stakeholders seeking clarification on a recent report attributed to the Nigerian National Petroleum Company…
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Burkina Faso: Captain Ibrahim Traore inaugurate Faso Tomato Company (SOFATO) in Yako
President of Faso, Head of State, Captain Ibrahim Traore, has inaugurated the Faso Tomato Company (SOFATO) in Yako which "specializes in the processing and marketing of tomato-derived products".Burkina Faso: Captain…
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Shell invests in Bonga North deep-water project, Nigeria
Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55% interest.ShellThe Bonga North project involves drilling,…
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Updated penalty on inappropriate cash disbursement practices by Deposit Money Banks (DMBs)
Updated penalty on inappropriate cash disbursement practices by Deposit Money Banks (DMBs).Central Bank of Nigeria (CBN)The Central Bank of Nigeria (CBN) has warned, for "any illicit flow of mint banknotes…
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Tinubu Reforms Tracker: Positive Notes from President Tinubu’s Job Creation & MSMEs Reforms
Here are Positive Notes from President Tinubu's Job Creation & MSMEs Reforms.President TinubuSee below:
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Tinubu Reforms Tracker: Positive notes from President Tinubu’s N200 Billion Manufacturing Sector MSMES Support Fund
Here are positive notes from President Tinubu's N200 Billion Manufacturing Sector MSMES Support Fund.President TinubuSee below:
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Tinubu Reforms Tracker: Positive notes from President Tinubu’s reforms agenda
Here are positive notes from President Tinubu's reforms agenda.Presidency NigeriaSee below:
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Tinubu Reforms Tracker: Positive notes from President Tinubu’s oil sector reforms
Here are positive notes from President Tinubu's oil sector reforms.Presidency NigeriaSee below:
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President Tinubu celebrate Shell and Partners’ $5bn Deepwater investment as milestone for Nigeria’s energy sector
State House Press Release (Full)President Tinubu celebrates Shell and Partners' $5 billion Deepwater investment as milestone for Nigeria's energy sectorPresident Tinubu celebrates Shell and Partners' $5bn Deepwater investmentPresident Bola Ahmed…
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‘Nigeria’s Crude production to increase by 30,000bpd’ – Presidency
Nigeria's Crude production to increase by 30,000bpd'Nigeria's Crude production to increase by 30,000bpd' - PresidencyAs Vice President Kashim Shettima launches Oriental Energy's FPSO facility in Dubai, says it's symbol of…
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Access Bank sign binding agreement to acquire a 100% equity stake in South Africa-based Bidvest Bank
According to Nigerian Bank, Access Bank: "We are pleased to announce that @accessbank_sa has signed a binding agreement to acquire a 100% equity stake in South Africa-based Bidvest Bank, marking a…
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‘Nigeria hits a record-breaking revenue milestone! – gross total revenue of N3.143 Trillion’
According to Daniel Bwala, Special Adviser to President Tinubu on Policy Communication: "Nigeria hits a record-breaking revenue milestone!Daniel Bwala"A gross total revenue of N3.143 Trillion is the highest ever recorded…
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Record N1.727 trillion revenue shared by FG, states and local councils in November
The Federal Accounts Allocation Committee (FAAC) shared N1.727 trillion among the federal government, states, and local government councils (LGCs) for November, according to a communiqué issued after the FAAC meeting…
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Press Release – CBN Reiterates Validity of Old Series of N1000, N500, and N200 Denominations
Central Bank of Nigeria (CBN) reiterates validity of old series of ₦1000, ₦500 and ₦200 denominations.Central Bank of Nigeria (CBN)"The CBN has observed the misinformation regarding the validity of the…
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Liz Truss reacts to ‘UK economy shrank for second month in a row’
Former Prime Minister of the United Kingdom (UK), Liz Truss, has reacted to a tweet by BBC on the economy of the UK shrinking for second month in a row.Liz…
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‘Energy and solid minerals top priority for stimulating Nigeria’s economy’ – President Tinubu to German businessmen
On Wednesday 11 December, 2024, President Asiwaju Bola Ahmed Tinubu assured the German government and businessmen of Nigeria's preparedness to expand frontiers for investors by taking away administrative bottlenecks in…
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United States: Trump ‘will inherit the strongest economy in the world’ – President Biden
US President, Joe Biden, has said, President-Elect, Donald Trump, "will inherit the strongest economy in the world".US President, Joe Biden. Photo: @POTUSThe US President said, "most economists agree the new…
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‘Nigeria’s GDP as at 2023 was estimated to be 19th highest in the world and still the largest in Africa’
As shared by Nasir Ahmad El-Rufai: "NIGERIA UPDATE: Based on purchasing power parity, Nigeria’s GDP as at 2023 was estimated to be 19th highest in the world and still the…
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Ogun State: Govt explore Mining and Hydrocarbon partnerships with Morocco
According to the Ogun State Government: "Governor Dapo Abiodun of Ogun State held a strategic meeting with the CEO of the Office of Hydrocarbons and Mines of Morocco to explore…