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Money makes the world go round, learn about those who spin the wheel

Business

‘I Made Alakija A Billionaire,’ Obasanjo ; ‘Obasanjo Frustrated My Business,’ – Alakija

Wires | The Trent -
One of Nigeria’s former presidents, Olusegun Obasanjo engaged Forbes' richest African woman, Folorunsho Alakija in a quick trade of words on Saturday, October 29,...
Business

ExxonMobil Discovers One Billion Barrels Of Crude Oil In Owowo, Bayelsa

Agency Reports -
The United States-based ExxonMobil Corporation Thursday, October 27, 2016 said it has discovered about one billion barrels of Crude oil at the Owowo field...
Business

Recession: Dangote Lays Off 48 Staff, Including 36 Expatriates

Maximus Chukwuka | Staff Reporter -
Due to the unavailability of foreign exchange in the country, the Dangote Group, on Monday, October 24, 2016 laid off 48 members of its...
Advertorials

Innoson Group Partners Chinese Consortium In $1 Billion Investment In IT Sector

Okechukwu Nwokoye | Sub Editor -
Innoson Group is partnering with a consortium of Chinese investors to pump in $1 billion into Nigeria’s information technology sector of the economy. This...
Business

$13.9 Billion: MTN Admits Illegal Capital Transfer From Nigeria

Agency Reports -
Telecommunications giant, MTN has admitted contravening laws regulating the transfer of huge funds out of the country without obtaining a Certificate Of Capital Importation...
Business

Blame CBN For Illegal Transfer Of MTN’s $13.9 Billion – FRCN

Maximus Chukwuka | Staff Reporter -
The Financial Reporting Council of Nigeria, FRCN, on Thursday, October 20, 2016 blamed financial regulatory agencies including the Central Bank of Nigeria, CBN, for the...
Business

Nigeria: ExxonMobil Quits Downstream Business, Sells Majority Stake In Mobil Oil

Maximus Chukwuka | Staff Reporter -
ExxonMobil, an American multinational oil and gas corporation, has divested its 60% stake in Mobil Oil Nigeria Plc, to Nipco Plc. Nipco plc is an...
Business

Nigeria: CBN Suspends 19 Banks From Forex Sale To BDCs

Ella Ukairo | Tech Reporter -
The Central Bank of Nigeria, CBN, has suspended all the banks, with exception of First Bank, from selling dollars proceeds of international money transfer...
Business

Tobacco Giant, Philip Morris To Begin Manufacturing In Nigeria

Ogala Osoka | Staff Reporter -
Philip Morris International, the world's largest tobacco company, has concluded plans to begin manufacturing in Nigeria before the end of 2016. Although they have long...
Business

It’s Illegal To Sell A Dollar For More Than N356 – ABCON President

Agency Reports -
Aminu Gwadabe, president of the association of bureau de change operators of Nigeria (ABCON), says it is illegal for any of his members to...
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