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Thursday, January 28, 2021

Jack Ma: Chinese billionaire founder of Alibaba missing

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There is a rising speculation about the whereabouts of Chinese billionaire Jack Ma after reports emerged that he has not made a public appearance in more than two months. The Alibaba founder also failed to...

NIN: FG approves mobile app for enrolment, improved slip, portal for download

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The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami has approved the development and release of an improved National Identity Number (NIN) slip and a Mobile App. The move, he said is...

Border Reopening: Importation of rice, poultry products remain prohibitted

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The prohibition on the importation of rice, poultry and other products remain in force as President Muhammadu Buhari orders the reopening of the country’s borders. This was confirmed by the Minister of Finance, Budget and...

BREAKING: Buhari orders immediate reopening of 4 land borders

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President of Nigeria, Muhammadu Buhari, has ordered the immediate re-opening of four land borders. The Minister of Finance, Zainab Ahmed, who made the disclosure on Wednesday while addressing State House correspondents shortly after the Federal...

FESTAC: Business owners in deep pain as popular market is demolished without prior notice

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It was an atmosphere of confussion on Saturday morning for business owners at the popular 23 Road market in Festac, Lagos, who woke up to the news of an ongoing demolition of their shops. The...

BREAKING: FG reduces pump price of petrol

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The Federal Government of Nigeria has ordered the reduction of pump price of petrol from N168 per litre to N162.44 per litre. Minister of Labour and Employment, Chris Ngige said the reduction would take effect...
BREAKING: Naira bounces back against the Dollar in parallel market

BREAKING: Naira bounces back against the Dollar in parallel market

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The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar. The naira had earlier depreciated by N30 against the dollar, as the...

Naira plunges further, exchanges for 483/$ in parallel market

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The naira exchanged to the dollar for 483 in the parallel market on Monday. This was despite the regular interventions in terms of forex injections by the Central Bank of Nigeria. Bureau de Change operators have...

Why we froze accounts of #EndSARS protesters – Access Bank management

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The management of Access Bank on Friday gave reasons why it froze the accounts of its customers linked to #EndSARS protest. The Bank in a statement in Abuja said it only only obeyed a directive...

Trump’s defeat will attract $700b to Nigeria, other emerging markets, say experts

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Renaissance Capital (RenCap) Chief Economist, Charles Robertson, says a Biden victory will, in the long run, shift trillions of dollars to Nigeria and other emerging markets. In a report to investors titled: “Biden’s victory, trillions...

FG explains modality for N75b Survival Fund

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Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has explained the modality for the disbursement of the Federal Government’s N75 billion Entrepreneurship Youth Support Fund. Speaking at the weekend in Kaduna at a...

FG announces new website for N75bn Survival Fund

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The federal government has announced a new website for Nigerians to access the Macro, Small, and Medium Enterprises (MSMEs) Survival Fund. The government had explained that the fund is to cushion the impact of COVID-19...

New currency for Nigeria, other West African countries ‘delayed for five years’

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A plan to launch a new currency, Eco, to replace the CFA franc used by several countries in West Africa may not happen for at least five years. Ivory Coast President Alassane Ouattara has said...

Lagos state government revokes 2018 land use charge

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The state Commissioner for Finance, Rabiu Olowo, announced this at a press briefing which held today, August 5. Mr Olowo said the government is also reverting to pre-2018 land use charges, adding that the state government has...

Shoprite: We have only just opened to Nigerian investors

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Shoprite Nigeria has debunked story making the rounds that it is closing all outlets in Nigeria. The Country Director for Chastex Consult, Ini Archibong, in a telephone conversation with Vanguard, said: “Shoprite is not leaving...

BREAKING: Shoprite exits Nigeria after 15 years of operation

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South African Company, Shoprite Holdings Limited, says it is set to auction off its outlets in Nigeria, 15 years after it opened its first store in Lagos in December 2005. The megastore company with presence...

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