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South East Cbn Board Nominee Declines President Tinubus Offer1

South-East CBN Board Nominee Declines President Tinubu’s Offer

Urum Kalu Eke, nominated for the Central Bank of Nigeria (CBN) Board of Directors, has declined President Bola Tinubu’s appointment, citing his current engagement with the World Bank. The revelation came during the Senate’s Thursday plenary session, which was set to confirm the President’s nominees for the CBN board. On February 13, President Tinubu submitted […]

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Minister Umahi Urges Bua Cement For Further Price Reductions1

Minister Umahi Urges BUA Cement for Further Price Reductions

Senator David Umahi, the Minister for Works, has called on BUA Cement to take additional steps to lower cement prices in the market. During a visit to the company’s headquarters in Sokoto with his management team, Umahi highlighted the need for price adjustments despite a previous agreement with cement manufacturers to set prices between N7,000

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Bdc Operators Consider Mergers Amid New Cbn Guidelines1

BDC Operators Consider Mergers Amid New CBN Guidelines

Aminu Gwadebe, President of the Association of Bureau De Change of Nigeria (ABCON), has revealed that Bureau De Change (BDC) operators are contemplating mergers in response to the Central Bank of Nigeria’s (CBN) proposed stringent operational guidelines. The CBN’s draft paper, titled ‘Revised Regulatory And Supervisory Guidelines For Bureau De Change Operations In Nigeria’, suggests

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Cement Prices To Drop With Government And Manufacturers Pact1

Cement Prices to Drop with Government and Manufacturers’ Pact

The Minister of Works, David Umahi, has announced a groundbreaking agreement with cement manufacturers to lower the retail price of a 50kg bag of cement to between N7,000 and N8,000 across various locations in Nigeria, as reported by The PUNCH. This decision, however, hinges on the government’s ability to address several critical issues plaguing the

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Cac Mandates Business Registration And Tax Compliance For Content Creators

CAC Mandates Business Registration and Tax Compliance for Content Creators

The Corporate Affairs Commission (CAC) has called on social media content creators and influencers with significant followings to officially register their businesses under the Company and Allied Matters Act 2020. This directive aligns with the Federal Inland Revenue Services (FIRS) intention to incorporate media content creators and influencers into its tax framework. The CAC’s Registrar

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Access Holdings Appoints Bolaji Agbede As Interim Ceo

Access Holdings Appoints Bolaji Agbede as Interim CEO

Access Holdings Plc disclosed on Monday the elevation of Ms Bolaji Agbede to the position of Acting Group Chief Executive Officer following the tragic loss of Dr Herbert Wigwe. Wigwe’s untimely demise occurred in a helicopter accident, claiming the lives of himself, his family, and Abimbola Ogunbanjo, a notable figure at the Nigeria Exchange Group,

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Dollar Drought Forces Abuja Bdcs To Cease Operations

Dollar Drought Forces Abuja BDCs to Cease Operations

In a significant development, Bureau De Change (BDC) operators in Abuja have declared a shutdown of their operations due to the acute scarcity of dollars. The announcement was made by the association’s Chairman, Abdulahi Dauran, highlighting the dire state of foreign currency availability. This decision, set to commence on Thursday, February 1, 2024, comes when

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Dangote Welcomes Otedolas Potential Takeover Bid For Dangote Cement

Dangote Welcomes Otedola’s Potential Takeover Bid for Dangote Cement

Aliko Dangote, the President and CEO of Dangote Industries Limited has openly welcomed his friend and fellow billionaire, Femi Otedola, to attempt a corporate takeover of Dangote Cement. This statement was made at a customer appreciation event for Dangote Cement in Lagos, where Dangote acknowledged Otedola as the company’s newest shareholder. Dangote’s comment was in

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Jim Swartz Takes Helm As Chevron Nigerias New Md

Jim Swartz Takes Helm as Chevron Nigeria’s New MD

Chevron Nigeria Limited has announced the appointment of Jim Swartz as its new Chairman and Managing Director. The company’s General Manager of Policy, Government and Public Affairs, Esimaje Brikinn, made the announcement. Swartz’s appointment as the head of Chevron Nigeria/Mid-Africa Business Unit will be effective from April 1, 2024. Before this new role, Swartz served

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Cbn Installs New Executives At Union Keystone Polaris Banks1

CBN Installs New Executives at Union, Keystone, Polaris Banks

In a significant move, the Central Bank of Nigeria (CBN) has appointed new executive directors for Polaris, Union, and Keystone banks following the dissolution of their boards. The announcement, made by the acting Director of Corporate Communications, Sidi Hakama, came into immediate effect on Thursday morning. Yetunde Oni, previously the first female CEO of Standard

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