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‘Safeguard Your Online Trading From Scammers’ – INFINOX Boss

The Managing Director, Infinox, an online trading partner now available in Africa to empower traders in Forex, shares, commodities and other financial instruments trade, Mr. Jay Mawji, has advised online traders on the increasing need to safeguard their online trading from prowling scammers as they intensify their efforts to defraud traders. Mawji explained that the […]

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BPE To Handle Public Enterprises, Infrastructure Concession

The Vice President and Chairman, National Council on Privatisation (NCP), Prof. Yemi Osinbajo has clarified that with the new Federal Government’s circular on the administration of Public-Private Partnership (PPP) projects in the country, the Bureau of Public Enterprises (BPE) shall be responsible for the concession of public enterprises and infrastructure already listed in the First […]

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NANTS, NUTAG Laud FG On Plan To Evacuate Traders From Ghana

The National Association of Nigerian Traders (NANTS) and the Nigerian Union of Traders Association in Ghana (NUTAG) has commended the Nigerians in Diaspora Commission (NIDCOM) over its planned efforts to evacuate Nigerian traders from Ghana. The groups’ commendation was expressed at an Inter-Ministerial Committee meeting held in Abuja which was attended by representatives of the […]

Economy News Extra Latest News Privatisation & Commerce

Shoprite Excites Customers On Bumper Black Friday

Shoprite Nigeria’s supermarkets have offered early Black Friday deals and big discounts on everyday essentials as customers are increasingly looking for value, given the pressure many households are currently experiencing. The Shoprite bumper black Friday offer begins from 25th November and ends in 29th November, 2020 and it’s a pan-Nigeria value added offer. According to […]

Economy News Extra Latest News Political Economy Privatisation & Commerce Professionals & HR Devt.

WTO DG: South Korea’s Myung-hee May Withdraw From Race

There are strong indications that South Korea may have decided to withdraw its trade minister, Yoo Myung-hee, from the World Trade Organisation (WTO) Director General’s race thereby paving the way for Nigeria’s candidate, Dr. Ngozi Okonjo-Iweala, to be confirmed for the position ultimately. U.S-based Washington Trade Daily (WTD) on Tuesday quoted people familiar with the […]

Banking Economy News Extra Latest News Privatisation & Commerce

CBN Clarifies Stance on Form ‘M’ Payments Through 3rd Parties

The Central Bank of Nigeria (CBN) has clarified its position on the removal of third parties from buying of foreign exchange routed through Form M, Letters of Credit, and other forms of payment The apex bank, in a circular with Reference number TED/FEM/FPC/GEN/01/009, which was issued by the CBN to all authorized dealers and the […]

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Privatisation Has Great Potential To Bridge States’ Funding Gap – SEC

The Securities and Exchange Commission (SEC) on Tuesday harped on the enormous potential of the Privatisation programme as alternative funding source for sub-national governments’ development. The Director General of the Commission, Mr Lamido Yuguda, said at a webinar organised by the Nigerian Stock Exchange (NSE) in collaboration with the Nigeria Governors Forum (NGF) and the […]

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Nigeria Suffers $1.4Bn Merchandise Trade Deficit In August

The Central Bank of Nigeria (CBN) has reported that Nigeria recorded $1.4 billion trade deficit in August this year as earnings from non-oil exports dipped by 11 percent or $32 billion during the month. The deficit balance of trade value by the Nigeria came amidst improved value of external trade by 12 percent to $5.8 […]

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OPS Group Flaws FG On Revised Electricity Tariff

The leadership of the Organized Private Sector under the aegis of Organized Private Sector of Nigeria (OPSN) has sought the Presidency’ explanation on the need for electricity tariff increase, particularly now at a time when the nation’s economic performance is receding and millions of poor Nigerians are trapped in poverty cycle. The OPSN comprises the […]

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WTO DG Election: Okonjo-Iweala, 4 Others Qualify For Next Round

Nigeria’s former Supervising Minister of Finance and one of the candidates contesting for the position of Director General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has won in the first run of the election. By scaling the first hurdle in the electioneering process, Okonjo-Iweala and four others will now proceed to the second […]