Dollar sells for N247, overseas travellers groan

The naira fell against the United States dollar from 243 to 247 at the parallel market on Thursday, a day after the Central Bank of Nigeri...

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PHOTOS: A peek into Aliko Dangote’s $30m home...

They don’t call him Africa’s wealthiest man for nothing. Photo: Filed Aliko Dangote’s home in Abuja is breathtaking. Estimated at $30 mill...

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Ambode revokes Falomo Shopping Centre contract

Lagos—governor Akinwunmi Ambode of Lagos State, yesterday, revoked the concession granted by the Lagos State Development and Property Corp...

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Unity Bank appoints female MD/CEO following Henry Semenitari’s resignation

Mrs. Tomi Somefun has been appointed the new Managing Director and Chief Executive Officer of Unity Bank. She was appointed Unity Bank Plc...

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CBN bans cash deposits into domiciliary accounts

The Central Bank of Nigeria has banned the payment of cash into domiciliary accounts in the country, TheCable reports. In a circular rel...

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FULL LIST: Ex-senators, ministers make list of non-performing loan debtors

Four banks – First Bank of Nigeria Limited, Access Bank Plc, Diamond Bank Plc and Unity Bank Plc – on Monday published the names of non-pe...

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The naira hit another record low of 241 against the dollar at the parallel market on Monday

The naira hit another record low of 241 against the dollar at the parallel market on Monday as the Central Bank of Nigeria’s restrictions ...

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Aliko Dangote: “Nigerians will end up buying 1 dollar at N500 if…..”

The founder of Dangote Group of Companies, Alhaji Aliko Dangote has said if government removes subsidy, it will greatly affect the dollar ...

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Naira may be devalued again to reflect the recent drop in Nigeria’s foreign reserves – Report

Following the inauguration of the new administration, the naira may be devalued again to reflect the recent drop in Nigeria’s foreign rese...

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The process technology, catalysts and proprietary equipment of UOP LLC, a wholly-owned subsidiary of Honeywell International Incorporated would form the basis for Dangote’s refinery

UOP LLC, a wholly-owned subsidiary of Honeywell International Incorporated, on Wednesday said its process technology, catalysts and propri...

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Financial Intelligence: How to Be Smart with Your Money (2)

As I was saying last week, I didn’t suspect anything, much less think I was standing in front of a smooth operating conman.  As courtesy d...

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See why Diamond Bank Plc sacks over 1,000 of its workers

The economic downturn in the country, coupled with the difficult regulatory climate, seems to be taking its toll on the financial sector a...

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UBA Celebrates Staff In A Night Of Glitz And Glamour

It was a night of glamour and glitz on Saturday, March 14, 2015 as United Bank for Africa (UBA) Plc rolled out the red carpet to celebrate...

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Snail Farming As An Enterprise: By Prince Arinze Onebunne

If you are reading this article, you’re either already in snail farming business or you are seriously considering taking the plunge. Of th...

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Importers, forex dealers battle CBN over exchange rate crisis -- It’s bad business for Forex traders

Meanwhile, Bureau De Change operators are also not at ease with the closure of the rDAS. We gathered they used to source their foreign exc...

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Boardroom guru, Molade Okoya-Thomas’ funeral arrangements

Billionaire bizman Chief Molade Okoya-Thomas, who died on Monday, 2nd February 2015, will be buried in 2 weeks from now. According to the...

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Dangote makes additional $500 million in one day – Now worth $16 billion, climbs to number 56

Adorable mogul and President of  Dangote Group,  Alhaji Aliko Dangote can rejoice now that his net-worth is looking up…in one day, he mad...

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CBN set to further devalue the Naria

The Naria currency has been experiencing free fall since November 25, 2014 when the CBN Monetary Policy Committee devalued it by eight pe...

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DavidO meets Billionaire Femi Otedola

DavidO  met with Forte Oil PLC CEO,  Femi Otedola  in his Lagos residence yesterday, February 12, 2015. Davido might just be working hi...

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Naira hits record low (196.30 to dollar) following the announcement of the postponement of the general elections

The naira hit an all-time low of 196.30 against the dollar at the interbank segment of the foreign exchange market on Monday following the...

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