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More pain for Crypto-Currency investors as Bitcoin, Ethereum crash again More pain for Crypto-Currency investors as Bitcoin, Ethereum crash again

This weekend has brought more pain for cryptocurrency investors. In December 2017, bitcoin prices hit a record high of just under $20,0...

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FG decries $984 million spent on fish importation FG decries $984 million spent on fish importation

The Federal Government has decried a whopping $984million spent on importation of fish annually. It urged farmers, youths and women to ...

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Rice importation into Nigeria would end by 2020 Rice importation into Nigeria would end by 2020

Rice importation into Nigeria would end by 2020, the Policy Adviser of the John Kufuor Foundation (JKF), Hon. Abraham Dwuma, has said. ...

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'You’ll lick your wounds if you think the Naira will fall' - CBN governor tells currency speculators 'You’ll lick your wounds if you think the Naira will fall' - CBN governor tells currency speculators

Godwin Emefiele, governor of the Central Bank of Nigerians (CBN), says currency speculators, betting on a fall of the naira, will lick th...

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Naira crashes further against dollar - Now N370/$1 Naira crashes further against dollar - Now N370/$1

The naira yesterday exchanged for N370 to the dollar at the black market but many buyers were cautious of staking their fund at such rate...

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Naira stable despite campaign spendings Naira stable despite campaign spendings

The naira has remained stable at both the official and parallel markets despite huge campaign spendings by political parties. The stab...

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CBN probes bank customers’ enrolment in BVN CBN probes bank customers’ enrolment in BVN

The Central Bank of Nigeria (CBN) is probing banks’ enrollment of their customers in the Bank Verification (BVN) platform to ensure the i...

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Are financial services from South Africa good for Nigerians? Are financial services from South Africa good for Nigerians?

Nigeria is described to be one of the fastest developing countries on the continent of Africa. Their dedication towards western values ...

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Presidency reacts as UK lawmaker says investors at risk in Nigeria - ‘It’s a fabrication’ Presidency reacts as UK lawmaker says investors at risk in Nigeria - ‘It’s a fabrication’

The presidency has criticised Priti Patel, former UK secretary of state for international development, for advising investors to be cauti...

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Bitcoin drop to lowest level in 2017 Bitcoin drop to lowest level in 2017

The value of Bitcoin has fallen below $5,000 (₦1,816,651) for the first time since October 2017. The fall brought the total value of a...

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CBN defended naira with $11 Billion in 10 months CBN defended naira with $11 Billion in 10 months

The Central Bank of Nigeria injected over $10.97bn into the foreign exchange market between January and October this year to defend the n...

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Teleology finally takes over 9mobile, names new board Teleology finally takes over 9mobile, names new board

Teleology Holdings Limited has finally taken over 9mobile. This is coming 11 months after the company made it to the top five companies...

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Two global banks close Nigerian offices Two global banks close Nigerian offices

Global banking giant HSBC and UBS, a Swiss private bank, have closed their representative offices in Nigeria. The Central Bank of Nige...

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Naira depreciates against dollar at investors’ window Naira depreciates against dollar at investors’ window

The Naira on Wednesday depreciated to N363.54 to the dollar at the investors window in Lagos, weaker than N363.32 posted on Tuesday. In...

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CBN revokes nine micro-finance banks’ licences CBN revokes nine micro-finance banks’ licences

The National Association of Micro Finance Banks on Monday said that nine out of the 34 micro finance banks in Niger have lost their opera...

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Naira loses marginally against dollar at parallel market Naira loses marginally against dollar at parallel market

The Naira on Monday lost 50 kobo to close at N360.5 to the dollar, weaker than N360 posted on Friday at the parallel market in Lagos. T...

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Dangote introduces new cement brand Dangote introduces new cement brand

Dangote Cement Plc on Monday unveiled a new brand of its product known as the Dangote BlocMaster, a 42.5 grade cement. The Group Managi...

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Spray Naira in parties and go to jail Spray Naira in parties and go to jail

Those who “spray” naira notes at parties risk going to jail, the Bankers Committee warned yesterday. Mobile courts are to try those bas...

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Nigeria’s foreign reserve still strong - CBN Nigeria’s foreign reserve still strong - CBN

Central Bank of Nigeria (CBN) has explained the recent reduction in the level of the country’s foreign reserves but has said that the f...

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Mimiko dumps Labour Party Mimiko dumps Labour Party

The former governor of Ondo State, Olusegun Mimiko, has dumped the Labour Party for the Zenith Labour Party. The spokesman for the form...

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