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Titan Trust Bank completes takeover of Union Bank
“Union Bank hereby notifies Nigerian Exchange Limited (NGX), the Securities & Exchange Commission and members of the public of the completion of the transaction under the Share Sale and Purchase Agreement (SSPA).”
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NNPC LTD makes history as company with highest capital in Nigeria
The Nigerian National Petroleum Company Limited has made history by becoming the company with the highest share capital in the country, Corporate Affairs Commission (CAC) has said.
The Registrar-General of the Corporate Affairs…
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Dangote cement, MTN pay highest income tax to FG in 2020
…Cement company largest employer of labour
Dangote Cement Plc has emerged as the highest corporate income taxpayer and biggest employer of labour in the country for the year 2020.
The foremost indigenous cement manufacturer came first…
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MAN supports withdrawal of forex from BDCs
Manufactures Association of Nigeria (MAN) has expressed support for the recent policy of the Central Bank of Nigeria (CBN) to stop supply of foreign exchange to Bureaux De Change (BDCs) operators in the country.
MAN President, Engr…
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CBN postpones eNaira launch to mark independence anniversary
Central Bank of Nigeria (CBN) says the planned unveiling of eNaira, on October 1, 2021 has now been deferred due to other key activities lined up to commemorate the country’s 61st Independence Anniversary.
Speaking with in Abuja on…
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CBN sets to roll out e-naira
The director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed, on Wednesday said the apex bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on October 1.
The News Agency of Nigeria (NAN)…
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Execution of Sugar Master Plan can save Nigeria $700million yearly — Dangote
Chairman, Dangote Sugar Refinery Plc, Aliko Dangote has said that the National Sugar Master Plan (NSMP), when executed as designed, can save the nation foreign exchange in excess of $700million yearly from the backward integration…
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CBN investigates AbokiFX over alleged illegal foreign exchange transactions
Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has confirmed the investigation of Oniwinde Adedotun, the founder of abokiFX.
Solacebase reports that AbokiFX is a web platform that reports movements in the foreign exchange…
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Naira trades for N550 against dollar
The naira closed at a record low of N550 against the dollar in the black market as the ban on Bureau de Change Operators (BDC) from accessing the Central Bank of Nigeria (CBN) weekly intervention is biting hard on the currency.
The naira…
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CBN announces Bitt Inc. as Tech. Partner for its eNaira
The Central Bank of Nigeria (CBN), has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its digital currency, eNaira.
Mr. Osita Nwanisobi, Director, Corporate Communications of the…
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