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Friday, October 18, 2019
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The volume of Premium Motor Spirit, also known as petrol, imported into the country rose by 15.2 per cent in the second half of the year to 5.61 billion litres amid concerns over smuggling of the product to some...
Automakers, dealers and other stakeholders have expressed anger over China’s resolve to push its used vehicles to Nigeria and other global markets as a strategy to shore up its income from automobile. Although no government official connected with the auto...
Nigeria Customs Service (NCS), Port Harcourt Area 2 Command Onne, Rivers State, yesterday paraded five suspects who were arrested for breaking into seized container, containing banned drugs. Comptroller Aliyu Galadima Saidu, in a statement, said the men, arrested on July 30, opened a-40...
The international oil benchmark, Brent crude, extended its decline on Monday, trading below Nigeria’s $60 per barrel budget benchmark. Brent, against which Nigerian crude oil is priced, dipped by $2.10 to settle at $59.79 per barrel as of 7.45pm Nigerian...
The equities market opened the week on a positive note as gains in Dangote Flour Mills Plc and 17 other stocks pushed the market higher. Investors gained N19bn as the market capitalisation of equities increased from N13.465tn on Friday to...
The German Corporation Agency has announced plans to develop about 5,000 businesses in the leather and garment industries in Aba, the commercial hub of Abia State. Mr Yakubu Paiko, Access to Finance Advisor for GIZ, disclosed this in an interview...
The Brazilian Trade and Investment Promotion Agency (ApexBrasil) says it was convinced that there were currently new business opportunities for Brazilian companies in Nigeria. The Agency’s Trade Supervisor, Diogo Akitaya, who led a delegation of 11 Brazilian companies to Lagos,...
The Central Bank of Nigeria (CBN) said on Thursday that Nigerians lost N11.9 billion to the Ponzi scheme in 2016. Speaking in Kano during the 2017 Bank-Wide Sensitization Campaign on CBN initiative programme, the apex bank Acting Director, Corporate Communications,...
The Naira recorded an appreciation of 12.36 per cent at the parallel market in the last one week, newsmen report. Newsmen report that the Naira traded at N440 last Monday while it closed at N390 to the dollar on Friday. In...
The improving fortunes of the naira in the parallel market continued, Monday, as it appreciated to N435 per dollar due to declining demand for dollars. Investigations revealed that the parallel market exchange rate, which declined to N445 per dollar last...