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Tag Archives: Business

Naira rises to 360.42/$ at NAFEX

By Adaeze Okechukwu The naira, Tuesday, appreciated to N360.42 per dollar in the Investors and Exporters (I&E) Foreign Exchange Window for the first time this week. Data from the Financial Market Dealers Quote, FMDQ, showed that the indicative exchange rate for the I & E Window, known as Nigerian Autonomous …

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Access to finance: Bookkeeping software unveiled for MSMEs

By Yinka KolawoleA BOOKKEEPING software has been launched for micro, small and medium enterprises, MSMEs, to overcome challenges encountered due to poor knowledge of bookkeeping and thus facilitate easy access to funding. •Software Investigations have shown that small business owners have not been able to access the N220 billion Micro Small …

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US, European stocks climb as Trump unveils tax plan

US and European equities rose on Wednesday at the unveiling of President Donald Trump’s tax plan, long seen as Wall Street’s biggest priority in the Washington growth agenda. US President, Donald TrumpDeveloped in tandem with Republican congressional leaders, the tax reform calls for slashing the US corporate rate to 20 …

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Osinbajo says inaccurate billing responsible for irregular power supply in Nigeria

Uyo –  Vice President Yemi Osinbajo has said that the problem of irregular power supply in Nigeria is caused by inaccurate billing system resulting from insufficient metering machines. Osinbajo Osinbajo made the remarks on Saturday in Onna local government area of Akwa Ibom while inaugurating an Electric Metering Factory as …

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Fuel scarcity looms as marketers blame FG for drop in downstream operations

By Ediri EjohOIL marketers, yesterday, blamed the Federal Government’s policies for the dwindling importation of petroleum products as well as low operations in the downstream sector of the petroleum industry. This was their reaction to the impending mass sack of oil workers in the industry. A man carries jerrycans to …

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BoI, Oxfam partner to empower 4,000 farmers

THE Bank of Industry (BoI) has signed a partnership agreement with Oxfam to disburse N200 million to empower about 4,000 farmers in Nasarawa, Benue and Plateau States, under the Federal Government’s Government Enterprise and Empowerment Programme (GEEP). The fund will be disbursed through Oxfam’s Village Saving and Loan Associations. GEEP …

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CBN Injects $250m into Forex Market

… promises more salesABUJA – The Central Bank of Nigeria (CBN), Monrday, intervened in the Inter-Bank Foreign Exchange Market to the tune of $250m in three segments of the market. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele In the wholesale segment of the inter-bank Foreign Exchange market, it …

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Adverse tax on dividends scares investors – Anono

Multiple taxation, especially double taxation of dividends has always been a burning issue in the Nigerian capital market. In this interview with Financial Vanguard, Mr. Godwin Anono, Chairman, Nigeria Professional Shareholders Association, NPSA, said it is disincentive to investment in the stock market and called on the federal government to …

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Naira Watch: Naira gains as NAFEX records $100.29m

The Naira  Tuesday recorded marginal appreciation in the Investors & Exporters (I&E) window as the volume of dollars traded declined to $100.29 million. Data from Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the I&E window, known as Nigeria Autonomous Foreign Exchange (NAFEX), dropped to N359.6 …

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We’re bringing risk protection to the man on the street – Adegbayi

Executive Director, General Business, Leadway Assurance Company Limited, Ms. Adetola Adegbayi in this interview said that the industry is still way behind other financial service providers. By Rosemary Onuoha HOW can the challenge of poor insurance perception in the country be tackled?   With the huge potential of the insurance …

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