Indian High Commissioner to Nigeria, Mr Abhay Thakur, said on Sunday that India was working closely with Nigeria to tackle insecurity by fighting terrorism and radicalisation in the country. Thakur …
Business Policies
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Business PoliciesFEATURED NEWSWestern Africa
FG hikes vehicle number plate, driving licence rates by 50%
The federal government has reportedly begun the implementation of new rates for vehicle number plates and driving licences across the country. The Joint Tax Board (JTB) explained that Nigerians will …
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The federal government is now set to reintroduce toll collections on some selected dual carriageways across the country, according to Babatunde Fashola, Minister of Works and Housing. Fashola, disclosed this …
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Ejisu (Ash), Aug. 10, GNA – About 40 per cent of start-up businesses in Ghana do not make a profit at all, Mr. Sherif Ghali, Chief Executive Officer of the …
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USS Hershel “Woody” Williams, the first ship permanently assigned to Africa, arrived in Nigeria’s commercial capital city of Lagos on Saturday as part of the U.S. government’s support to combat …
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International financial markets have opened a window for African governments to diversify their funding sources from traditional multilateral institutions and foreign aid. For example, they can now borrow through issuing …
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Federal Executive Council (FEC) meeting in Abuja on Wednesday approved $2.75 billion for the Nigerian National Petroleum Corporation (NNPC) to buy a 20 per cent stake in the Dangote Petroleum …
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Eight companies have been chosen from a pool of 38 bidders to ensure the successful sale of the $6.2 billion Eurobond to be issued by the Nigerian government. The federal …
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Banking, Finance & InvestmentBusiness PoliciesWestern Africa
CBN Bars PSHCs from Accessing Bank Loans
Central Bank of Nigeria (CBN) has barred the proposed Payments Service Holding Companies (PSHC) from borrowing from the Nigerian banking system for the purpose of capitalising itself or any of …
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Banking, Finance & InvestmentBusiness PoliciesWestern Africa
CBN Dismisses Rumours of Plans to Convert Forex in Customer’s Domiciliary Accounts into Naira
Central Bank of Nigeria (CBN) has allayed fears over domiciliary account deposits as it dismissed rumours of plans to convert foreign exchange in customer’s domiciliary accounts into Naira. Osita Nwanisobi, …