CBN threatens banks with sanctions over redesigned notes
The Central Bank Governor, Mr Godwin Emefiele, has called on commercial banks to approach the apex bank branches across the country to pick up the new naira notes. Emefiele made…
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Naira gains 0.05% at Investors, Exporters window
The naira on Wednesday exchanged at 461.25 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.05 per cent compared with the 461.50 it…
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Inflation rate declines, food rate increases in Dec 2022
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate declined to 21.34 per cent on a year-on-year basis in December 2022. This is according to the NBS Consumer…
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Emirates to offer high speed broadband onboard A350 aircraft
Emirates has finalised plans to offer its passengers around the world additional opportunity to fly better and enjoy a new high-speed, inflight broadband powered by Inmarsat’s GX Aviation, onboard 50…
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CBN to monitor banks’ compliance on redesigned Naira
The Central Bank of Nigeria (CBN) will monitoring commercial banks to ensure that they comply with the directive of loading the redesigned Naira notes in their Automated Teller Machines (ATMs).…
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Tony Elumelu Foundation appoints new CEO
The Board of Trustees of the Tony Elumelu Foundation, the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the appointment of Somachi Chris-Asoluka as Chief…
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NAHCO probes Air Peace incident, moves against officials
The Nigerian Aviation Handling Company (NAHCO) Plc, on Thursday, said that investigation had commenced into circumstances that surrounded its equipment that damaged an Air Peace Airbus A320 Aircraft at Murtala…
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CBN sets records straight on Polaris Bank
The Central Bank of Nigeria has released detailed information on the recent sales of the Polaris Bank to investors. In a statement issued in Abuja o Wednesday, the CBN said:…
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Minister: Defence, Security sectors get 13.4% of 2023 budget
The Defence and Security sectors have been allocated N2.98 trillion or 13.4 per cent of the 2023 budget. Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, stated this…
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Stock market extends gain by 0.12 per cent
The Nigerian Exchange Limited (NGX) on Wednesday gained N34 billion as market capitalisation closed at N28.136 trillion from N28.102 trillion recorded on Tuesday. Also, the All-Share Index (ASI) increased marginally…
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