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Thursday, November 14, 2024

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Business

World Bank Approves 7 Projects To Support Nigeria’s Access To Electricity

The World Bank yesterday approved seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency, polio eradication, women’s economic empowerment,...

Why We Withdraw 36 Million Redundant Telephone Lines – NCC

The Nigerian Communications Commission (NCC) said yesterday that about 36 million redundant lines of subscribers have been withdrawn in the past few months so...

CBN Directs Banks’ Directors To Protect Data

Bank directors will henceforth be responsible for the protection and security of customers’ data against e-fradusters, the Central Bank of Nigeria (CBN) has directed. The...

NCC Stops MTN From Acquiring Visafone

The Nigerian Communications Commission (NCC) yesterday halted moves by South African mobile giant MTN to acquire the only surviving Code Division Multiple Access (CDMA)...

How OPEC Lifted Oil Sector – Kachikwu

Minister of State for Petroleum Resources Dr. Ibe Kachikwu said yesterday that the oil and gas sector had witnessed positive transformation since the “Declaration...

Nigeria – China $2.5b Currency Swap: What Deal Means For Banks, Economy

The much-awaited guidelines for the $2.5billion currency swap deal between the Central Bank of Nigeria (CBN) and The Peoples Bank of China (PBoC) have...

$48b Foreign Reserves, Forex Interventions Keep Naira Stable

The naira will remain stable at both the official and parallel markets, with the rise in foreign reserves to $48 billion and the consistent...

I&E Forex Window Attracts $50.73b In 13 Months

The Investors’ and Exporters’ (I&E) Forex Window has attracted to the economy in 13 months $50.73 billion, a report by FSDH Research has shown. Prior...

Supreme Court Awards N12b To Innoson Against GTBank

The Chairman of Innoson Motors, Innocent Chukwuma, on Thursday floored the Guarantee Trust Bank, GTB, at the Supreme Court, Daily Post reports. This was as...

Federal Govt Sets To Reduce Tax Burden

The Federal Government is set to reduce the tax burden on Nigerians and boost the ease of doing business with the approval of two...

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