Business Direct Archives - Nigerian NewsDirect

NIMASA issues advisory alarm on 13 vessels from COVID-19 high risk countries

The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has notified stakeholders about 13 vessels from five countries heavily affected...

Ecobank Extends zero charge for digital money transfers

Lagos, June 24, 2020 – Ecobank has extended its zero charge fee for digital money transfers below N5,000 till the end of September...

Olam Rice creates awareness on Child labour ..donates handwashing equipment and soaps to 17 schools

The Management of Olam’s Rice Farm in Rukubi, Nasarawa State, has enjoined Nigerians to rise up against all forms of child labour....

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FG inaugurates Nigeria Agro Set-Up Committee to Boost Export, Targets US$250B by 2040

Captain John T Okakpu chairs committee The Federal Government of Nigeria through the Federal Ministry of Industry, Trade and Investment (FMITI),...

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Senate approves Buhari’s N850 bn loan request

The Senate has given a speedy approval for President Muhammadu Buhari to borrow N850 billion for the government. Buhari’s letter seeking the...

How prepared are governors for$11 oil price?

*#COVID19Thoughts: TSUNAMI LOADING Patrick O. Okigbo III. April 20, 2020. Abuja If you are a state governor in Nigeria and you...

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12.26% Inflation: NECA wants demand, supply shocks addressed

The Nigeria Employers’ Consultative Association (NECA) has said policy measures to address demand and supply shocks will help address the rising inflation...

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ABCON advises CBN to establish Voluntary Offshore Asset Repatriation Window to Boost BDCs, I&E Forex Window Liquidity

By Ayo Fadimu The Association of Bureaux De Operators of Nigeria (ABCON) has advised the Central Bank of Nigeria (CBN) to establish...

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Defunct 11,331 NITEL/MTEL pensioners get N842.8m arrears

No less than 11,331 pensioners have been paid N842.8 million by the Pension Transitional Arrangement Directorate (PTAD). The one-month pension arrears was...

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FTN Cocoa processors reports N569.37m loss in 2018

Story by Kayode Tokede FTN Cocoa Processors Plc has reported a loss of N569.37million in its 2018 financial year compared to N762.4...

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Tambuwal flag-off disbursement of N4b state Micro Business

Animashahun Iyanda Sokoto Sokoto state governor Aminu Waziri Tambuwal, has on Sunday commenced the disbursement of not less than N4 billion as...

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CBN sells Naira at N306.95/Dollar

The Central Bank of Nigeria (CBN) sold Naira at interbank market rate at N306.95 as against the dollar on Thursday. The Naira...

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CAMCAN Holds Maiden Capital Market Performance Awards In Lagos

The crème de la crème of the nation’s capital market will gather in Lagos on Saturday, September 29, 2018, at the Civic...

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FG to revamp economy by improving enabling environment for investors —Udoma

By Ayobami Adedinni The Minister for Budget and National Planning, Senator Udoma Udo Udoma has said the Federal Government (FG) will revamp...

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CBN injects $462m into Inter-Bank foreign exchange market

In line with its commitment to sustain and deepen flexibility in the foreign exchange market to further enhance foreign exchange flow in...

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Nigeria set to return to international maritime organisation council – APR

Nigeria’s chances of returning to the council of the International Maritime Organizations (IMO), has greatly improved with the recent efforts of the...

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CBN loans to banks drop by 13% …Naira circulation hits N1.66 trn

Stories by Kayode Tokede and Ehime Alex The Central Bank of Nigeria (CBN) loans to banks dropped sharply last week by 13...