National Wire About Nigerians, Nigerian Business and Other Stories
N500bn: NECA, Experts Demand Independent CBN Audit
Financial and economic experts have demanded an independent audit of the Central Bank of Nigeria following the alleged missing of N500bn.
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Metro
Dangote Refinery Awards $368m Worth Of Contracts To Local Contractors
Dangote Refinery and Petrochemical has so far awarded $368 million to 120 local contractors at the site as part of its contribution to Nigeria content development initiative.
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Despite Fintechs’ Incursion, Banks Rake in N25tn Deposits
Despite the surge in activities of financial technology (fintech) companies that have continued to encroach on commercial banks’ businesses, 11 banks in the country raked in a total of N24.957 trillion as customer deposits as at the end of 2018.
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TSA Transaction Value Hits N30tr Says FG
A delegation from The Gambia Ministry of Finance and Economic Matters, the Central Bank of The Gambia and the country’s Accountant-General on Monday began a two-week strategic training in Abuja towards understudying the successful implementation of the Treasury Single Account (TSA) in Nigeria.
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Electricity Generation Falls To 2,447MW From 4,129MW
The nation’s power generation dropped by 1,682 megawatts on Monday from 4,129.2MW on Sunday.
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Workers Shut Down SON Over Poor Welfare Condition
Business activities were on Tuesday paralysed at the Abuja office of the Standards Organisation of Nigeria as workers commenced industrial action over poor welfare condition.
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Commodities Market will Aid Economic Diversification – SEC
Commodities Trading Ecosystem has been described as an important market that is capable of playing a strong role in the nation’s diversification efforts as being championed by the present administration.
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No Monies Missing, Stolen In CBN
The Management of the Central Bank of Nigeria (CBN) has been notified of a purported audio recording of selective conversations amongst the Governor
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SEC Seeks To Reduce Cost Of AGM
In a bid to ensure that investors get more value for their investments and thereby positively impact on their earnings per share, the Securities and Exchange Commission, SEC is seeking to create a sub rule to regulate the conduct of Annual General Meetings.
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MTN Releases Q1 Results As Subscribers Hit 60.3m
MTN Nigeria Communications Plc, Thursday, released its unaudited results for the first quarter ended March 31, 2019, showing impressive revenues in service delivery, voice, data, fintech, including earnings before interest, tax, depreciation and amortisation (EBITDA).
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