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Thursday, October 19, 2017
Business

Business

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Facebook Inc on Friday launched a service through which its U.S. users can order food for take-away or delivery directly through its app or website. Facebook said it partnered with restaurants including Chipotle Mexican Grill Inc, Jack in the Box...
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has received the 2017 Forbes Best of Africa Innovative Banking Award. He was given the award on Friday  by  the President of Forbes Customs Emerging Markets, Mr. Mark Furlong at...
The President of the World Bank Group, Jim Yong Kim, said on Thursday that the bank had concentrated on the northern region of Nigeria in line with President Muhammadu Buhari’s request. Kim and the Managing Director, International Monetary Fund, Christine...
Nigerian government has commenced negotiations with operators of the Electricity Distribution Companies (DisCos) ​to cede some of their shares to accommodate new investors​. Minister of State for Budget and National Planning, Mrs. Zainab Mohammed, ​said this at the end of...
Nigeria’s Vice President, Prof. Yemi Osinbajo, says he approved two loans for the Nigeria National Petroleum Corporation (NNPC) and not contracts. Osinbajo’s Senior Special Assistant on Media and Publicity, Laolu Akande had earlier said that the VP approved contracts for NNPC. The...
The war of integrity between Minister of State for Petroleum Resources Ibe Kachikwu and Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) Dr. Maikanti Baru got more intense yesterday. The oil giant faulted the Minister’s claim that he was...
The International Monetary Fund (IMF) yesterday warned the Federal Government about its rising debt profile, especially of foreign loans. Speaking yesterday at the ongoing World Bank/IMF Annual Meetings in Washington D.C, IMF Director, Monetary and Capital Markets Department Tobias Adrian,...
The Lagos State Commissioner for Science and  Technology, Mr Olufemi Odubiyi has inaugurated the Digital Bananas Technology hub (DBT) at Onikan, Lagos. The DBT is  set to empower thousands of Nigerian youths in the acquisition of practical and relevant work experience...

The naira, Tuesday, appreciated to N360.31 per dollar in the Investor and Exporter (I&E) Foreign Exchange Window. Data from the Financial Market Dealers Quote, FMDQ, showed that the indicative exchange rate for the I & E Window, known as Nigerian...
Africa’s richest man and most successful industrialist, Aliko Dangote, on Moday revealed the secret of his business success: self-sufficiency and backward integration, a manufacturing strategy that extracts value from entire processes. “We are not going to import anything any longer,”...
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