The Central Bank of Nigeria (CBN) has stated in its revised regulatory framework for Bank Verification Number (BVN) operations that violators will be sanctioned. This was disclosed in a circular titled Issuance of the revised regulatory framework for Bank Verification Number operations and watch-list for the Nigerian banking industry, and …
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Nigeria is on auto-replay. Events of the past find a clever way of repeating themselves. Very few things that happen in this African giant are new. Conversations around the naira and dollar are definitely not new, and we are back at a familiar junction: let’s call it the naira devaluation …
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Cross River ramps up chicken processing at 24000 birds per day factory as ultramodern poultry begins evacuation of birds Poultry production and protein intake in Cross River in particular and Nigeria in general recently received a major boost as the ultra-modern Cross River state Poultry Farm Limited began the evacuation …
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The president of the African Development Bank, Akinwumi Adesina has expressed the bank’s worry over Nigeria’s debt to revenue ratio. Adesina, speaking at the opening of the two-day Mid-term Ministerial Performance Review Retreat at the Presidential Villa on Monday in Abuja said dmi espite Nigeria’s debt to the GDP remaining …
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The state secretariat, banks, major streets, motor parks, schools and markets in many parts of Owerri, Imo State capital, on Monday, were deserted as residents observed the proscribed Indigenous People of Biafra (IPOB) sit-at-home order. Newsextra24 who moved round to monitor the level of compliance gathered that even though markets …
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Vice-President Yemi Osinbajo has called on the Central Bank of Nigeria to allow the naira reflect the realities of the market. The national currency is changing for N411/$ at the official side of the market but N565/$ at the parallel market, which many believe is reflect of the true value. …
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NNPC Missing as China, Saudi Arabia Top World’s Biggest Oil Revenue Earners in 2021 *Sinopec earns $323bn revenue, Saudi Aramco grosses $230bn, Nigeria’s $9bn *National oil company offers to fix selected roads The Nigerian National Petroleum Corporation (NNPC) has failed to make the latest list of the world’s highest income-grossing …
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The National Insurance Commission (NAICOM) will soon announce a new price for Third Party Motor Insurance. The Chairman, Nigeria Insurers Association (NIA) Committee on Publicity, Ebelechukwu Nwachukwu told the media that the take-off would be in January 2022. Nwachukwu, Managing Director, NSIA Insurance Ltd., said the Insurers Committee was working …
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Emmanuel, one of the contestants at the just concluded Big Brother Naija (BBN) Shine Ya Eye edition, has won N1,095m in the WAW Wash to Millions promo task on Thursday, Day 87 of the show. The entire task was divided into two sessions for the remaining six contestants who were …
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• More hurdles for consumers as LPG, electricity prices soar • Stakeholders fear increase in poverty, food items, FX scarcity, job losses • Continuing petrol subsidy is postponing the evil day, experts warn There are indications that the price of Premium Motor Spirit (PMS) may hit N320 per litre later …
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