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Banks’ LDR lowered to 50%

The Loan to Deposit Ratio (LDR) of Banks in the country rose to 50 percent from 65 percent. This was disclosed by the apex Bank, Central Bank of Nigeria (CBN) in a circular to Deposit Money Banks titled “Re: Regulatory…

NCDMB earns $1m from investment in NEDOGAS

The Nigerian Content Development and Monitoring Board (NCDMB) on Monday received a cheque of $1 million from Nedogas Development Company Limited (NDCL), being part of the return on investment (ROI) on one of the Board’s strategic investments. The cheque was…

Dangote Refinery crashes Diesel price to N1,000

In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre…