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More winners have emerged from the ongoing Access Bank Family Fortune Promo as the Bank rewards 118 customers in the second monthly selection of winners. The event which held at the Bank’s Alausa Branch in Ikeja produced 50 customers who won DSTV decoders while another 30 got N50,000 worth of shopping vouchers. Also, 20 customers won Samsung mobile phones, 10 …

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The managing director of Red Star Express Plc Sola Obabori said the company plans to raise between N2.5 to N3 billion for its business expansion. Obabori disclosed this to stockbrokers and the financial journalist at the company facts behind the figures on the floor of Nigerian Stock Exchange (NSE) in Lagos. Obabori explained that the new capital will be deployed …

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Indigenous exporters have cried out that their business is about grinding to a halt as a result of the difficulties in accessing the Lagos ports due to the near total collapse of roads leading to the port complex in Apapa. Highlighting the problems associated with the deplorable state of the roads, the exporters said trucks bringing produce to be shipped …

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The Executive Director, Nigerian Stored Products Research Institute, Prof. Olufemi Peters, has said Nigerian farmers and agro-based companies spend $400m annually on pesticides. He also said that improper pesticide use had caused millions of people to frequently fall sick across the country. He spoke during NSPRI training workshop on ‘the use of inert atmosphere silos for grains storage,’ in Ilorin, …

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The Bankers Committee of the Central Bank of Nigeria (CBN) at the end of its meeting on Thursday October 5, 2017 disclosed that the disbursement of N26 billion special fund set up for Small and Medium Enterprises (SME) particularly in the Agricultural sector will commence before the end of 2017. The special fund is a 5 percent equity contribution from …

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The Federal Government has disclosed plans to build two deep seaports in Bonny and Warri at the cost of $16 billion. This is even as it assured that between now and December, it would bring in more coaches and locomotives to boost rail transportation across the country. Minister of Transport, Rotimi Amaechi disclosed this to State House Correspondents at the Presidential …

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The Central Bank of Nigeria (CBN) is threatening to sanction exporters who fail to repatriate foreign exchange (forex)  proceeds from their businesses  into the economy. CBN Director (Banking Supervision) Abdullahi Ahmad, who issued the warning yesterday during the Bankers’ Committee meeting in Lagos, spoke of a provision in the CBN Foreign Exchange Manual that mandates all exporters to repatriate their …

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The Nigerian Association of Small and Medium Enterprises has expressed concerns over the Central Bank of Nigeria’s decision to retain the Monetary Policy Rate at 14 per cent, noting that this move by the apex bank will continue to make access to funding by the Small and Medium Enterprises difficult. According to the Executive Secretary, NASME, Eke Ubiji, a large …

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President Muhammadu Buhari has forwarded the name of Mrs. Aishah Ahmad to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN). According to the Special Adviser on Media and Publicity, Femi Adesina, Ahmad is to replace Dr. Sarah Alade, the Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN) who retired in March this year. …

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First Bank of Nigeria Limited has unveils a new ultra-modern Head Office for its subsidiary, FBNBank Ghana to enhance service delivery in the Ghanaian market. According to the Managing Director, FBNBank Ghana, Gbenga Odeyemi, FBNBank is resolute in its passion to promote utmost growth and development for the people of Ghana.  Meanwhile, while speaking on the Customer Service week, Folake …

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