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CBN approves appointment of Ahmad Abdullahi as chairman of FBN Holdings

    CBN approves appointment of Ahmad Abdullahi as chairman of FBN Holdings

The Central Bank of Nigeria (CBN) has approved the appointment of Ahmad Abdullahi as non-executive director  and chairman of First Bank Holdings PLC. This follows the resignation Remi Babalola as chairman

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Nigeria, China to partner on renewable energy

    Nigeria, China to partner on renewable energy

The federal government says it will partner China on the development of a renewable energy research centre that will boost renewable energy technology in selected Nigerian universities. This was disclosed

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NIPC: Eight new companies to enjoy three-year tax holiday — total now 35

    NIPC: Eight new companies to enjoy three-year tax holiday — total now 35

The Nigerian Investment Promotion Commission (NIPC) approved the pioneer status incentive (PSI) applications of eight companies in the third quarter of 2021. The commission said this in its PSI report

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Remi Babalola resigns as chairman of FBN Holdings

    Remi Babalola resigns as chairman of FBN Holdings

Remi Babalola has resigned as chairman, board of directors of FBN Holdings, two days after the company confirmed significant investment by Femi Otedola, a Nigerian billionaire. Babalola was appointed chairman,

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Ahead of yuletide, naira weakens to 570/$1 at parallel market

    Ahead of yuletide, naira weakens to 570/$1 at parallel market

The Nigerian naira has weakened to N570 per dollar at the parallel market ahead of yuletide. Black market traders in

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South Korea to gift Nigeria $12.4m solar mini-grids

    South Korea to gift Nigeria $12.4m solar mini-grids

The South Korean government has pledged to donate $12.4 million for the construction of solar mini-grids in Nigeria. Kim Young

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SEC: Capital market operators to pay regulatory fee on bond transactions from Jan 1

    SEC: Capital market operators to pay regulatory fee on bond transactions from Jan 1

The Securities and Exchange Commission (SEC) says it will charge a regulatory fee on fixed income (bonds) transactions at the

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Crypto ban, halt in FX sale to BDCs… 5 CBN policies that impacted Nigerians in 2021

    Crypto ban, halt in FX sale to BDCs… 5 CBN policies that impacted Nigerians in 2021

Throughout 2021, the Central Bank of Nigeria (CBN) implemented various reforms and policies to ensure economic and financial stability. While

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Food prices dropped in Akwa Ibom, price of gas increased… highlights of Nigeria’s November inflation report

    Food prices dropped in Akwa Ibom, price of gas increased… highlights of Nigeria’s November inflation report

The consumer price index (CPI), which measures the rate of change in prices of goods and services, declined marginally in

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NGF: States to clear ALL outstanding pensions after petrol subsidy removal

    NGF: States to clear ALL outstanding pensions after petrol subsidy removal

The Nigeria Governors’ Forum (NGF) says states will clear all outstanding pension liabilities after the removal of fuel subsidy in

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