The Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr) Mudashiru Obasa, has promised that the House would collaborate with any organisation that aims to assist the state with the ease of doing business. Speaker Obasa made this promise on Wednesday when he received a team from the Nigerian Postal Service (NIPOST) led by Dr. Ismail Adebayo Adewusi, …
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The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure. It stated this in the financial statement for International Development Association, which was among the World Bank FY21 audited financial statements released on Monday. The financial statement said, “IDA faces two types of credit risk: country credit risk and counterparty …
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Experts have backed the Federal Executive Council’s approval of the acquisition of 20 per cent minority stake by the Nigerian National Petroleum Corporation in the Dangote Petroleum and Petro-Chemical Refinery. They made their views known in separate interviews with the News Agency of Nigeriaon Thursday in Lagos. NANreports that Chief Timipre Sylva, Minister of State for Petroleum Resources, announced the approval …
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The market cap of Bitcoin gained $220.24bn in 30 days according to analysis of data on CoinMarketCap. On July 8, 2021, BTC opened trading at $33,889.61. It had a high of $33,907.91, a low of $32,133.18 and closed trading at $32,877.37. Its market cap was $616,492,852,697 and it closed with a trading volume of $29,910,396,946. On August 7, 2021, BTC …
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The Bank has been at the forefront of promoting financial inclusion in the country, impacting Nigerians, regardless of their locations nationwide. • The Bank currently has over 120,000 Firstmonie Agents spread across 772 Local Government Areas in Nigeria • The Agent Credit scheme was launched a year ago to empower its Firstmonie Agents to grow their businesses, whilst being at an advantage …
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In a bid to safeguard its e-banking platforms with enhanced safety and security features, Unity Bank Plc has unveiled a new code on its USSD platform that completely puts the customer in control of his Bank Account against any e-Banking fraud. The new code which is *7799*9*Phone Number # allows customers to block access to their Bank Accounts, hence without recourse to …
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The Senate says it has uncovered irregularities in the Federal Government’s investments in Crown Agents Bank and some other financial institutions amounting to N1.1tn. Crown Agents Bank is a United Kingdom regulated wholesale foreign exchange and cross-border payment services provider connected across frontier and emerging markets. The Senate Committee on Public Accounts had uncovered the irregularities while the parliament had …
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Documents seen by SaharaReporters have exposed how a Polaris Bank worker stole over N20 million from a customer, Ajibola Sanusi with account number 281224***. Sanusi had opened a savings account with Polaris Bank, Computer Village, Lagos in 2018 and deposited over N25 million in the said account from United States where he resides. A check by SaharaReporters on the account …
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Operatives of the National Drug Law Enforcement Agency, NDLEA, on Saturday 31 July 2021, recovered 35 wraps of cocaine from the underwear of a lady, Okafor Ebere Edith during the outward clearance of passengers on Air Cotevoire, to Monrovia, Liberia from the Murtala Muhammed International Airport, MMIA, Ikeja, Lagos. This is contained in a statement signed by Femi Babafemi, NDLEA …
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The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators in the country. The CBN Governor, Godwin Emefiele, announced the end of forex sales and new licence approval after the Monetary Policy Committee two-day meeting in Abuja …
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