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Tag: Dailytrust
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Currency outside Nigerian banks drops to N3.66trn – CBN report
Categories: BusinessContinue Reading: Currency outside Nigerian banks drops to N3.66trn – CBN reportThe Central Bank of Nigeria (CBN) has stated that currency outside Nigerian banks has dropped to N3.66 trillion in July. Currency held outside Nigeria’s banking system fell to N3.66…
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NCC sets Sept 14 as final deadline for SIMs-NINs linkage
Categories: BusinessContinue Reading: NCC sets Sept 14 as final deadline for SIMs-NINs linkageThe Nigerian Communications Commission (NCC) has set September 14 as the deadline for customers to link Subscriber Identification Modules (SIMs) to National Identity Numbers (NINs). In a statement by Reuben…
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Nigeria’s non-oil exports hit $2.7bn in 6 months – NEPC
Categories: BusinessContinue Reading: Nigeria’s non-oil exports hit $2.7bn in 6 months – NEPCThe Nigerian Export Promotion Council (NEPC) says Nigeria’s non-oil export sector recorded impressive growth in the first half of 2024, generating 2.7 billion dollars in revenue. The Executive Director of…
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PEBEC scores BoI, NEPZA, NUPRC, others low in business facilitation
Categories: BusinessContinue Reading: PEBEC scores BoI, NEPZA, NUPRC, others low in business facilitationThe Bank of Industry (BoI), Nigerian Export Processing Zones Authority (NEPZA) and the Nigerian Upstream Regulatory Commission (NUPRC) have been ranked low in business facilitation by the Presidential Business Enabling…
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Experts outline steps as farmers begin cowpea planting
Categories: AgricultureContinue Reading: Experts outline steps as farmers begin cowpea plantingExperts have suggested a step-by-step guide for farmers in Benue State as rain-fed cowpea (beans) planting approaches. The experts, from the University of Agriculture, Makurdi (FUAM) now called Joseph Sarwuan…
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Population growth eroding gains of economic reforms – Bagudu
Categories: BusinessContinue Reading: Population growth eroding gains of economic reforms – BaguduThe Minister of Budget and Economic planning, Atiku Bagudu has stated that Nigeria’s rising population growth is gradually eroding the gains of economic reforms by the government. Bagudu made the…
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CBN inconsistent dollar supply holding down naira recovery – BDC operators
Categories: BusinessContinue Reading: CBN inconsistent dollar supply holding down naira recovery – BDC operatorsLack of consistency in dollar allocation to the Bureau De Change (BDC) operators by the Central Bank of Nigeria (CBN) is stampeding naira recovery, currency traders have submitted. They equally…
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FX remittance surged by 130% to $553m in July 2024 – CBN
Categories: BusinessContinue Reading: FX remittance surged by 130% to $553m in July 2024 – CBNThe Central Bank of Nigeria (CBN) has reported a 130% surge in remittance inflows, with the figure reaching $553 million in July 2024. This is according to a statement by…
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Nigeria close to be removed from FATF financial ‘grey list’ – NFIU
Categories: BusinessContinue Reading: Nigeria close to be removed from FATF financial ‘grey list’ – NFIUThe Chief Executive Officer of the Nigeria Intelligence Unit (NFIU), Hafsat Bakari, has stated that Nigeria is on its way to be removed from the Financial Action Task Force (FAFT)…
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NNPC Ltd. declares N3.3trn profit for 2023
Categories: BusinessContinue Reading: NNPC Ltd. declares N3.3trn profit for 2023The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared N3.3 trillion profit for the 2023 financial year. Chief Financial Officer of NNPC Ltd., Alhaji Umar Ajiya, who addressed newsmen…
