The monetary policy committee of the Central Bank of Nigeria (CBN) has retained monetary policy rate (MPR) at 14 percent and all other parameters at their current levels for 12 months running. On July 26, 2016, the committee voted to raise MPR from 12 percent in May, 2016 to 14 percent, the highest in at least 10 years. It also …

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New research has revealed that mosquitoes prey on their victims due to a number of factors. They also say that the species of mosquitoes you are exposed to can determine whether or not you are going to be bitten. So, why do mosquitoes bite you? These reasons… • Beer. Some studies reveal that mosquitoes are attracted to beer drinkers, though this …

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The Blind Audition of Airtel The Voice Nigeria Season 2 came to thrilling and emotional end on Sunday night, as the Coaches completed the remaining spots on their teams. Contestants brought their A-Game seeing Coach Timi Dakolo defy the rules with a remarkable 13-member team, instead of 12. He added sisters Tara and Bella, Gerald Agunwobi and Happiness Osasumwen. Having …

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Lafarge Africa Plc showed its commitment towards improving profitability as it reported an impressive 44.22 percent increase in revenue for the period ended June 30, 2017. The figures shows that revenue stood at N154.83 billion in 2017 as against N107.36 billion reported same period in 2016. According to a statement from the company this overall growth was aided by improved …

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The nation’s power generation has fallen below the 3,000 megawatts mark as the number of idle power plants increased to eight on Sunday from five on Friday. The nation’s power grid lost a total of 743.4MW over the weekend as generation dropped from 3,306.6MW on Friday to 2,632.4MW and 2,563.2MW on Saturday and Sunday, respectively. The total generation stood at …

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The International Monetary Fund, IMF, has projected that Nigeria’s economy will grow at a faster pace than South Africa’s in 2018. According to its World Economic Outlook, WEO, for July 2017, the IMF said Nigeria will grow at 1.9 per cent in 2018, while South Africa will only climb by 1.2 per cent. In 2016, the Nigerian economy contracted by …

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Former President Goodluck Jonathan will be ineligible to contest in 2019 presidential election if the National Assembly has its way. In the report by the constitution review committee, seen by TheCable, the lawmakers proposed that anyone who has been sworn is as president or governor to complete the term of the elected president or governor cannot do more than a single term. …

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History was made in Lagos at the weekend as Mr. McCarthy Obanor emerged the winner of the first edition of the Nigeria National Freestyle Championship accredited by the World Federation of Freestyle Football.  Apart from winning the sum of N1m, Obanor also won for himself a brand new GAC car and will also be representing Nigeria at the World Super Ball Championships …

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Trading on the floor of Nigerian Stock Exchange (NSE) on Monday closed on a positive note as the key market indicators sustained its appreciation which started from the first week in the month of July 2017. The All Share Index (NSE ASI) and the Market Capitalization increased by 1.86 percent, while the Year-to-Date return stood at 28.94 percent. The All …

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Hon. Justice A.T. Mohammed of The Federal High Court Abeokuta Division, Ogun State has granted an injunction against Gateway Portland Cement Limited and Dr. Olumuyiwa Odegbami on the application of Asset Management Corporation of Nigeria (AMCON). Consequent upon the court order, according to a statement which was made available to Financial Edge, Jude Nwauzor Head, Corporate Communications of AMCON, explained …

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