ECONOMY
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JP Morgan to obtain merchant Banking license in Nigeria – Report
According to reports JP Morgan continues to progress toward improving its Lagos representative office into an operational business branch which…
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Sterling Bank leads protest for removal of bank transfer charges
In a groundbreaking step toward customer-centric banking in Nigeria, Sterling Bank has led the push for major banks to eliminate…
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CBN denies ₦5,000, ₦10,000 banknote rumor
The Central Bank of Nigeria (CBN) denied reports about introducing N5,000 and N10,000 banknotes for cash transaction facilitation because it…
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Petrol price goes up in Lagos
Petrol marketers throughout Lagos have raised pump prices to a range of N925 to N935 per litre, attributing this increase…
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Aliko Dangote, Nigerians named in the 2025 Forbes billionaires list
Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola have been named in the 2025 Forbes billionaires list, highlighting Africa’s…
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Nigerian company files N4.1 billion lawsuit against CBN
Zumax Nigeria Limited, an oil services company, has filed a lawsuit against the Central Bank of Nigeria (CBN) seeking N4.1 billion in damages, alleging gross negligence…
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U.S. imports 2M+ barrels of Dangote fuel
The Dangote Petroleum Refinery & Petrochemicals maintains strong global positions in the energy sector by exporting two million barrels of…
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UBA lost ₦1.14 billion to fraud in 2024 amid record profits
United Bank for Africa (UBA) delivered ₦766.6 billion ($493 million) in profit after tax for 2024 yet the Nigerian financial…
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SEC cracks down on market violations
The Securities and Exchange Commission (SEC) plans to pursue aggressively all market operators who participate in ethically dubious conducts. SEC…
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Investors lost N1.4 trillion in four weeks due to a persistent bear market
Investors remain distant from Nigerian Exchange Limited (NGX) which continues the bearish trend of the equities market throughout its fourth…
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