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Business & Economy

FG reschedules 2022/2023 deep offshore mini bid round

Citing concerns expressed by both local and international investors over the closeness of the deep offshore mini bid round to the terminal date of...

Wale Tinubu seeks complete takeover of Oando Plc

Oando Plc says it has received an offer from Ocean and Oil Development Partners Limited (OODP), an investment company, to acquire the shares of...

CBN denies suspending accounts of OPAY and PalmPay

The acting director of corporate communications of the Central Bank of Nigeria (CBN), Mr. Isa AbdulMumin has described as 'fake new' the report which...

CBN directs banks to open Saturdays, Sundays, load ATMs

As part of the measures to ease the circulation of banknotes of various denominations, the Central Bank of Nigeria, CBN has directed all money...

Nigerian banks cut FX allowances to customers by half

The Central Bank of Nigeria, CBN has directed all deposit money banks to cut business, travelling allowance (BTA/PTA) payable to customers by fifty percent,...

Finance minister urges president-elect, Bola Tinubu to jack up vat to 10%

Nigeria’s Minister of Finance, Budget and National Planning Zainab Ahmed, has advised the president-elect, Bola Ahmed Tinubu to increase Value Added Tax (VAT) from...

CBN directs banks to comply with Supreme Court ruling on Naira redesign policy

The Central Bank of Nigeria has directed all deposit money banks to comply with the pronouncement of the Supreme Court of March 3, 2023...

Tony Elumelu receives president-elect, Bola Tinubu at Lagos home

Nigerian billionaire Tony Elumelu received President-elect Bola Ahmed Tinubu at his home in Lagos, to discuss diverse ways to support and empower Nigerian youths.  The...

N200, N500, N1,000 old notes remain valid till 31 December – Supreme Court rules

The Supreme Court has ordered that the old N200, N500, N1,000 notes remain in circulation till 31 December 2023. In its ruling on Friday,...

Report: Nigeria’s bonds record huge gains as investors predict victory for Tinubu

“Markets seem to be increasingly pricing in a Tinubu win, given the expectations that he could push through reforms quicker than others,” Simon Quijano-Evans,...

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