By: HighCelebritySquard The House of Representatives, on Thursday, asked the Central Bank of Nigeria to suspend the electronic evaluation and invoicing policy recently introduced in the import and export chain, warning that it may negatively affect revenue collection by the Nigeria Customs Service. Governor of the CBN, Godwin Emefiele, is also to appear
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By: HighCelebritySquard The Federal Government on Thursday announced that two farm estates located in Abia and Imo states had been completed and were ready for inauguration. It said the Integrated Farm Estate in Ariam Elu-Elu, Ikwuano Local Government Area, Abia State; and the Acharaugo Emekuku Integrated Farm Estate, Owerri North Local Government Area,
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By: HighCelebritySquard Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch has simultaneously upgraded the bank’s National Short-Term Rating to ‘F2(nga)’ from ‘F3(nga)’. According to Fitch, the IDRs of Ecobank Nigeria are driven by its standalone creditworthiness, as expressed by its Viability
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By: HighCelebritySquard Ecobank Nigeria says it is a proud partner of the Future Face Africa (FFA) model talent search as preparation reaches concluding phase to host the grand finale of the competition in Lagos, Nigeria. After a rigorous selection process involving physical castings in 8 African countries, as well as thousands of
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By: HighCelebritySquard Monday, the Minister said the suspension is till further notice. The PUNCH had earlier reported that the Minister of State for Petroleum, Timipre Sylva, said the President, Major General Muhammadu Buhari (retd.), is not in support of the removal of subsidy from Premium Motor Spirit, popularly known as petrol. Sylva said this when he
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By: HighCelebritySquard Leading African financial institution, Fidelity Bank PLC, has announced the second set of millionaires in its Get Alert in Millions Season 5 promo (GAIM 5) which held recently in Victoria Island, Lagos. The event was witnessed by representatives of regulatory organisations which include: Ms Oyinkan Kusamotu, Senior Legal Officer, Lagos State Lotteries
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By: HighCelebritySquard The Acting Executive Secretary of the Nigerian Investment Promotion Commission, Emeka Offor, speaks with AMARACHI ORJIUDE on the challenges facing Nigeria’s business environment, the agency’s plans to create a conducive investment landscape, among other pertinent issues As the Acting Executive Secretary of the Nigerian Investment Promotion Commission, what are the reforms
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By: HighCelebritySquard The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria have shown. The rise in forex inflow was attributed to increased non-oil receipts and proceeds from Eurobonds, among other factors. According to the CBN’s economic reports, the country earned $18.3bn in
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By: HighCelebritySquard The Lagos State Police Command has confirmed the arrest of some suspects involved in the violent clashes that created tension in the Idumota and Oke Arin areas of the state. The state Police Public Relations Officer, CSP Adekunle Ajisebutu, while reacting to the incident, said normalcy had been restored following
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By: HighCelebritySquard Governor of Central Bank of Nigeria, Godwin Emefiele The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic invoice authenticated by the authorised dealer banks on the Nigeria single-window portal – Trade Monitoring System effective from February 1. The CBN disclosed
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