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Refund to bank customers hits N76.7bn, $20.9m

The Central Bank of Nigeria (CBN) says the worth of money refund to bank customers as at Nov. 30 stood at N76.75 billion and 20.90 million dollars.

Oil prices rise on OPEC deficit forecast

Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve said the economic outlook was favourable.

Nigeria moves to clear gridlocks at ports

The Federal Government says it has concluded plan to engage relevant stakeholders to address the persistent gridlock at the nation’s ports.

No petrol scarcity during Xmas – NNPC

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring availability of petroleum products during Christmas.

Port to enforce compliance on ballast water

The Nigerian Ports Authority (NPA) will enforce compliance on the management of ballast water in order to minimise hazards associated with it,...

Nigeria urged to insure railway investment

The Nigerian Council of Registered Insurance Brokers (NCRIB) has urged the Federal Government to ensure that the huge...

Nigeria values matchmaking to spur small firms

The Chief Executive Officer, Nigerian Investment Promotion Commission (NIPC), Ms Yewande Sadiku, says matchmaking and linkage programmes will enhance opportunities for Small all and Medium Enterprises (SMEs).

Gas firm in deal with Vitol South Africa

The Nigerian Liquefied Natural Gas (NLNG) says it has signed LNG Sales and Purchase Agreement (SPA) with Vitol SA for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.

NACCIMA promote local products

Mrs Saratu Aliyu, President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has urged Nigerians to intensify on growing the nation’s local economy by promoting local products.

Strike paralysis Lagos electricity supply

The National Union of Electricity Employees (NUEE) has shutdown the headquarters of Ikeja Electric (IE) and Eko Electricity Distribution Company (EKEDC) in Ikeja and Marina, Lagos.

Expert urges FIRS deploy IT for tax expansion

Mr Akinsanya Niyi, a financial expert, has urged the newly appointed executive chairman of Federal Inland Revenue Service (FIRS) to improve on deployment of Information Technology (IT) system to expand tax net.

Commission makes case for power plant

The Fiscal Responsibility Commission (FRC), has called on all concerned parties to quickly resolve issues delaying the completion of the 215 MW Kaduna power plant.

Oil prices fall as U.S, crude stocks jump

Oil prices fell on Wednesday after industry data showed an unexpected build-up of U.S. crude inventories and as investors waited to see if a fresh round of U.S. tariffs on Chinese goods would come into force on Sunday.

30 cargo ships expected in Lagos

The Nigerian Ports Authority (NPA) says it is expecting 30 ships laden with petroleum products, food items and other goods from Dec. 11 to Jan 4, 2020.

NACCIMA urges Nigerians to promote local products

Mrs Saratu Aliyu, President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has urged Nigerians to intensify on growing the nation’s local economy by promoting local products.

80 per cent financial inclusion achievable

The Board Chairman, ACCION Microfinance Bank, Mr Patrick Akinwuntan, says the 80 per cent financial inclusion target by 2020 is achievable given the enabling environment provided by the federal government.

Electricity workers shutdown power

The National Union of Electricity Employees (NUEE) on Wednesday shutdown the headquarters of Ikeja Electric (IE) and Eko Electricity Distribution Company (EKEDC) in Ikeja and Marina, Lagos.

NSE record first gain

The Nigerian Stock Exchange (NSE) has recorded the first gain in December with the crucial market indices appreciating by 0.19 per cent.

DMO clarifies Nigeria’s external debt

The Debt Management Office (DMO) says the public debt stock of the country is a cumulative figure of borrowings by successive governments over many years.

NDIC warns against disclosing customers’ details

The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.

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Refund to bank customers hits N76.7bn, $20.9m

The Central Bank of Nigeria (CBN) says the worth of money refund to bank customers as at Nov. 30 stood at N76.75 billion and 20.90 million dollars.

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