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Sunday, March 19, 2017

Business

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First Bank of Nigeria limited, Nigeria’s most valuable bank brand has extended its digital multi-channel customer support platform by launching a dedicated twitter account - @FBN_help to identify, respond to and resolve all customer enquiries, issues, questions and queries...
The naira is now expected to regain some prominence soon against dollar on the parallel market after international money transfer agencies started selling dollars to Bureau De Change operators in line with the Central Bank of Nigeria directive. “We have...
As of today 29th February, this is the official rate of the dollar at the parallel Market.
Popular businessman and billionaire, Mr Jimoh Ibrahim got a rude shock on Monday while delivering a public lecture when unpaid workers from his company stormed the venue in protest. Ibrahim, the group managing director of the Energy Group, was delivering...
On Sunday, December 27, 2015, the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos witnessed Olamide Live In Concert 2, Nigeria's biggest music event of the year. Featuring some truly stunning live performances and imagery from the likes...
The Minister of State for Petroleum, Dr. Ibe Kachikwu, says the Nigerian government has suspended the subsidy on petroleum products as at today, December 27, as a result of the current low price of crude in the international market. Dr....
ABUJA—The Central Bank of Nigeria, CBN, is now to allocate foreign exchange to end-users, with priority given to matured Letters of Credit, importation of petroleum products, raw materials and machinery. This is in a bid to effectively manage the...
The Central Bank of Nigeria (CBN), in its latest circular which sets out the new guidelines for the operations of Bureaux de Change (BDCs) operators, has said that hawking of foreign exchange on the streets, common in Lagos,...
The National Agency for Food and Drug Administration and Control (NAFDAC) has fined Guinness Nigeria Plc, N1bn for violating laid down rules. Punch Newspapers reports that NAFDAC accused Guinness of allegedly revalidating expired products without authorisation and supervision, and exposing...
MTN Group President and Chief Executive Officer, Sifiso Dabengwa, resigned on Monday morning over the N1.04tn fine imposed on MTN Nigeria by the country’s regulatory body – the Nigerian Communications Commission. Phuthuma Nhleko takes over as Executive Chairman in a...
According to fresh reports emerging, one of Britain's largest carriers, Virgin Atlantic, has laid off all its Nigerian Cabin Crew members. E-mails from several affected former staff, revealed that Richard Branson's Virgin Atlantic Airways has laid off all their Nigerian...
  Lagos,  Nigeria,  Monday,  October  12,  2015.  Daroc  Distribution  Nigeria  Limited,  a  branddistribution and sales company and a member of Rocco Global FZC with the headquarters in theUK has  introduced the DENIM range of  fragrance (Body Spray,  Aftershave and Shower...
Are you planning an event? Do you need exceptional and exquisite planning and execution? Do you want to have amazing services with very affordable prices and discounts? Then look no further, Honnyfield Events, a subsidiary of Imagez Conceptz can make it happen for...
Lagos, Nigeria, September 28, 2015: Against the background of the fears being expressed in the banking sector over the Treasury Single Account (TSA) , the Chairman of the Board of Directors of  Heritage Bank Limited, Mr. Akinsola Akinfemiwa, OON...
The Nigerian Deposit Insurance Corporation on Monday said it had put in place an effective risk-based supervision framework to enable it protect depositors against unethical practices and other infractions in the banking sector. It also said that an effective distress...
The International Monetary Fund, yesterday, called for stronger financial regulation to protect banks from corporate failure. This was one of the recommendations made by the Fund in its Global Financial Stability Report issued yesterday. The report warned that emerging markets should...
Ever wondered…if your life was a movie, what would you like it to be? Would you play a protagonist? Would it be a comedy or a thriller?  First Bank of Nigeria Limited, Nigeria’s most valuable banking brand, is offering...
Lagos, Nigeria, September 23, 2015: Riding on the euphoria waves of the completion of the merger between Heritage Banking Company Limited and Enterprise Bank Limited Mr. Akinsola Akinfemiwa OON, the Chairman of Board of the new Heritage Bank Limited,...
The Naira on Wednesday depreciated slightly against the Dollar at the parallel market, dropping by N2. The currency traded N222, N350 and N256 against the Dollar, Pounds and Euro, respectively. On Monday and Tuesday, it traded at N220, N345 and N252...
Thirteen ships laden with petroleum products, food items and other goods have arrived at Apapa and Tin-Can Island Ports in Lagos waiting to berth. The Nigerian Ports Authority (NPA) stated this in its daily publication-`Shipping Position’- made available to newsmen...
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