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Black market operators lament as Naira trades at N400/dollar

Following the Central Bank of Nigeria’s intervention in foreign exchange, the Naira traded N400 to a dollar at the black market on Wednesday in Abuja. The Naira has also appreciated against the Pound Sterling and Euro rate as it traded at N510 and N415 respectively. One of the Bureau de Change operators, simply known as Tijanni Jos, said that the More...

| Published 5 days ago
By Vera Olubi On Wednesday, March 22nd, 2017
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Zenith Bank grosses N507.9bn as shareholders enjoy N63,422 dividend

  Shareholders of Zenith Bank Plc yesterday praised the management and board of the bank for an impressive performance for the year ended December 31, 2016. The shareholders who spoke at the Annual General More...

By Vera Olubi On Wednesday, March 22nd, 2017
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NPA’s refusal to increase our pensions for over 10 years is wickedness – Pensioners

    For over a year now, the NPA pensioners have been in a running battle with the management of the Nigerian Ports Authority (NPA) over their demand for upward review of their pensions. To vent their grievances, More...

By Vera Olubi On Wednesday, March 22nd, 2017
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Nigeria’s investment climate is still very risky — Dr Bongo Adi

    Dr. Bongo Adi, is a senior Economics lecturer with Lagos Business School, who has led various collaborations on research, case studies and stakeholder engagement with various government agencies including More...

By Vera Olubi On Wednesday, March 22nd, 2017
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INVESTMENT ADVISORY: Watching confectionary giants stumble

    TESLIM SHITTA-BEY There is a natural sense of satisfaction in being the biggest player in an industry renowned for fickleness. The Nigerian consumer products market is as fastidious as it is treacherous. More...

By Vera Olubi On Wednesday, March 22nd, 2017
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Death in the Bottles: Doctors speak on Nigeria’s soft drinks

  By AYOOLA OLAOLUWA Drinking Fanta, Coca Cola, and Sprite, used to be chilly indulgences for both the poor and the rich on hot tropical days; but not anymore. In news that stunned the soda-drinking public, More...

By Vera Olubi On Wednesday, March 22nd, 2017
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Banks face forex glut as manufacturers grapple with naira scarcity

  By FELIX OLOYEDE Despite claims of excess foreign currency in hitherto stingy bank vaults, bank customers, especially manufacturers are still having a hard time accessing foreign exchange. While retail customers More...

By Vera Olubi On Wednesday, March 22nd, 2017
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Turmoil in corporate Nigeria: Blue chip firms lose N34bn in profitability

By OKEY ONYENWEAKU .           Nestle, Guinness, NB Plc, 7UP, Dangote badly affected   Results recently released by many  blue chip firms listed on the local Stock Exchange (NSE) shows that the real More...

By Vera Olubi On Wednesday, March 22nd, 2017
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Okey Onyenweaku becomes Editor, Business Hallmark

  In the finest tradition of Journalism, particularly Business Journalism, hard work, diligence, skill and commitment is rewarded by more hard work, sleepless nights, a corner office and perhaps more mugs of More...

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