The naira continued its decline against the dollar at the official foreign exchange market on Monday, January 13. New data from FMDQ showed that the naira weakened to N1,548.89 against the dollar on Monday from N1,543.03, indicating a N5.86 fall compared to N1,543.03 traded at the close of last Friday. Similarly, on the black market, […]
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Rivers Assembly Speaker, Oko-Jumbo, Urges INEC to Conduct Bye-Elections for Vacant Seats. Following Removal of Legal Obstacle. Speaker of the Rivers State House of Assembly, Rt. Hon. Victor Oko-Jumbo, has requested that the Independent National Electoral Commission (INEC) conduct bye-elections to fill the 27 vacant seats left by defected members, citing the removal of the […]
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Fidelity Bank has announced the completion of the acquisition of a 100% stake in Union Bank Plc United Kingdom(UBUK). The deal, valued at N8.2 billion, marks a significant step for Fidelity Bank’s as it move to expand its international footprint. The acquisition was captured in a statement submitted by Fidelity Bank to the Nigeria Exchange […]
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Italian oil major Eni has signed an agreement with Oando, an energy solutions provider listed on both the Nigerian and Johannesburg Stock Exchange, for the sale of all its stake in Nigerian Agip Oil Company Ltd (NAOC Ltd), a wholly-owned subsidiary focusing on onshore oil & gas exploration and production in Nigeria, as well as […]
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By Suoyo Ekubo The Governor of Bayelsa state, Senator Douye Diri, on Tuesday, presented a grant of N200 million to 840 beneficiaries under the government’s Women and Youth Empowerment Programme for small and medium scale entrepreneurs (SMEs). The grant was presented to four beneficiaries each from the 105 political wards across the eight local government […]
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