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Category Archives: Business

CBN To Introduce N5000 Note: To Use Faces Of 3 Historical Women Leaders.

Posted ago by Patience

Margaret Ekpo                                         Funmilayo Ransome Kuti                                             Hajiya Gambo Sawaba The Central Bank of Nigeria this evening announced that it will introduce the N5, 000 note into the system, but contrary to speculations that CBN planned to use …

CPC To Discuss “Ultimate Wonder Recharge And Win Aeroplane” Promo With Mtn.

Posted ago by Patience

The Consumer Protection Council (CPC) is to meet with MTN over the latter’s recharge and win promotion. Mr Abiodun Obimuyiwa, the Deputy Director, Public Relations, CPC, who made this known to the News Agency of Nigeria (NAN) in Abuja on …

Nigeria: Foreign Investment In Retail Sector Hits All-Time High.

Posted ago by Patience

Foreign Investment in the Nigerian retail market has reached an all-time high, attracting about $1.3 billion (about N208 billion) in the last two years, owing to rising purchasing power and huge potential of the nation’s economy. Experts believe investors are …

Fire Guts Dangote Sugar Factory In Apapa.

Posted ago by Patience

Some parts of Dangote Sugar factory in Apapa were Sunday night destroyed by fire. The fire, lasted for more than four hours between 7pm and 11pm. The firm is one of the largest sugar producing companies in Africa that supplies …

Seven Nigerian Banks Ranked Amongst World’s Top 1000.

Posted ago by Patience

Seven Nigerian banks have been featured in a ranking of the Top 1000 banks in the world. The list is compiled by The Banker magazine, a publication of the Financial Times of London. The seven Nigerian banks are Zenith Bank, …

CBN Should Answer Questions On Controversial Secret Account – NNPC

Posted ago by Patience

The Nigerian National Petroleum Corporation (NNPC), on Tuesday, said only the Central Bank of Nigeria (CBN) could answer questions on the controversial secret foreign account for crude sales. The NNPC, speaking through its Executive Director, Finance, Bernard Okechukwu Oti, when …

Finally, Yahoo! And Alibaba Reach $7 Billion Deal.

Posted ago by Patience

Yahoo will sell up to half of its stake in the Alibaba Group back to the Chinese e-commerce company for $7.1 billion, the company announced Sunday night. The embattled Internet giant owns a 40 percent stake in Alibaba, which has …

MTN Receives Warning From NCC Over Network Issues.

Posted ago by Patience

The Nigeria Communications Commission (NCC) on Thursday 3rd of may, gave mobile telecommunication company, MTN 24 hours to provide detailed report on, and improve the quality of service in Lagos and its environs or face serious sanctions. The spokesperson of …

Clive Palmer Plans To Build Titanic II.

Posted ago by Cynthia Sean

Australian mining magnate Clive Palmer announced plans Monday  to build an ultra-modern, luxury version of the ill-fated ocean liner in China. Palmer, one of the richest people in Australia with an estimated worth of more than $5 billion, said he …

Naira Falls To N157.

Posted ago by Patience

The Naira weakened slightly against the dollar on Monday, as the expected dollar inflow from the Nigerian National Petroleum (NNPC) did not materialise causing the nation’s currency to fall at the interbank trade. The Naira weakened to N157:45 kobo to …