Saturday, September 25, 2021

BUSINESS

Central Bank of Nigeria to roll out e-Naira soon

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By Mbafan Ade (BUSINESS CORRESPONDENT) - The Central Bank of Nigeria (CBN), on Wednesday said yesterday it had concluded plans to launch the Central Bank Digital Currency (CBDC) on October 1. Director of Information Technology, Rukiya Mohammed, made this known...

Why more South Africans will likely quit their jobs and emigrate in the coming...

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While South Africa’s move to lockdown level 2 has eased certain restrictions, the impact of Covid on workplaces will remain for some time, says Georgina Barrick, managing director at Network Contracting Solutions, AdvTech Resourcing’s Contracting Division. Barrick said that companies...

Globacom’s business premises in Abuja may be sealed over $3.158m debt

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By Paul Adaji (ABUJA) - Nigeria's Federal Capital Development Authority (FCDA), has threatened to seal up the business premises of M/S Globacom Nigeria Limited in Abuja if it fails to pay up the over N1.3billion (about $3.158 million) debt...

GTBank: A slumbering giant?

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GTBank is undoubtedly one of the giants of the Nigerian Banking industry, the equivalent of the elephant in the animal kingdom. But for all practical purposes, the bank is tending towards being a metaphor for the all-powerful elephant which,...

South Africa may impose further restrictions on alcohol over COVID-19

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The Consumer Goods Council of South Africa (CGCSA) and the Liquor Traders Association of South Africa (LTASA) have published a new report on the impact of the government’s Covid-19 regulations on the liquor industry, with the groups warning that...

NNPC to commence sale of shares in 2024, as Nigeria spends $3.6bn on petrol...

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By Mbafan Ade (BUSINESS CORRESPONDENT) - The Nigerian National Petroleum Corporation (NNPC), said on Monday the earliest the corporation could issue its Initial Public Offer (IPO) to investors would be in the next three years. Group Managing Director of...

Nigeria records N1.8trn trade deficit in Q2’21

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Nigeria has recorded a trade deficit of N1.8 trillion in the second quarter of the year (Q2’21) even as the volume of its foreign trade rose by 23 per cent to N12 trillion from N9.8 trillion in Q1’21. Disclosing these in...

Shell donates multi-million Dollar projects to Nigerian Maritime University

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By Barbara Kalu - Governor of Delta State, South-South Nigeria, Dr. Ifeanyi Okowa, has described the phase one of infrastructure projects donated to the Nigerian Maritime University in Okerenkoko, Delta State by The Shell Petroleum Development Company of Nigeria Limited...

NIMASA automates verification of new ship registration certificates

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·       Begins Full Enforcement of Marine Environment Protection Regulations By Ola Modupe (LAGOS) - The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced the electronic verification of the new Ship Registry Certificates the Agency introduced on July 1. The new...

Why South Africans plan to take their money out of the country

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A survey conducted by the Expatriate Petition Group (EPG) shows that a significant number of South Africans living abroad plan to take their money out of the country due to concerns around proposed retirement changes. Some of the biggest concerns...

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NEPC empowers cocoa farmers in Cross River

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From EMMA OBI, Calabar    The Nigerian Export Promotion Council (NEPC) in collaboration with Cocoa Association of Nigeria (CAN) has concluded a training programme for about...

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