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Lagos chamber: Central bank lending rate will normalise credit market, economic growth

Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.

Central bank pegs remunerable bank deposits at N2 billion

The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.

Central bank intensifies pressure on banks to lend to the economy

In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.

Central bank injects $210 million in inter-bank forex market

The Central Bank of Nigeria (CBN) on Wednesday gave $210million to the inter-bank foreign exchange market.
President Muhammadu Buhari has said despite having the largest economy in Africa, Nigeria is experiencing conflicts and irregular migration because of lack of social and economic inclusion.

President Buhari: Why Nigeria experiences conflicts, irregular migration

President Muhammadu Buhari has said despite having the largest economy in Africa, Nigeria is experiencing conflicts and irregular migration because of lack of social and economic inclusion.
Dr. Jackson Gaius-Obaseki, former Group Managing Director, NNPC and Chairman, Brass LNG (right), with Dr. Maikanti Baru, GMD, NNPC at the first Triennial Delegates Conference of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), NNPC Retail Branch

Maikanti Baru directs NNPC Retail to attain 30 per cent market share

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has charged the Corporation Downstream company, NNPC Retail, to increase its current 14 per cent market share to 30 per cent by 2020.

Central bank injects $318.03m into forex market

The Central Bank of Nigeria (CBN) on Friday said it injected about $318.03 million into the retail secondary market intervention sales (SMIS) of the inter-bank foreign market.

GITEX: NITDA receives 407 start-up applications for sponsorship

The National Information Technology Development Agency (NITDA) has received 407 start-up applications for sponsorship to the annual Gulf Information Technology Exhibition (GITEX) schedule for October.

Zamfara government inaugurates drugs regulatory committee

The Zamfara state government has inaugurated two drugs regulatory committees established by the Pharmaceutical Council of Nigeria (PCN) as part of its efforts to ensure effective drugs regulation in the state.

Forex: Central bank intervenes in Retail SMIS with $325.64m

The Central Bank of Nigeria has again intervened in the Retail Secondary Market Intervention Sales to the tune of $325.64 million.

Afreximbank secures $150 million to boost African trade

The African Export-Import Bank (Afreximbank) has successfully secured another facility, but its first ever Samurai Syndicated Term Loan Facility, with equivalent of $150 million.

Manchester United reveal 17.3% rise in revenue

Manchester United has announced that total revenues for the three months to October grew by 17.3% to £141m.

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Senate confirms NCC nominee rejected by Bukola Saraki-led 8th senate

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The Institute for Peace and Conflict Resolution (IPCR) has pledged to collaborate with the Nigerian Army Resource Centre (NARC) to find practical solutions to insecurity confronting the country.

Nigerian Army investigates viral video of soldier assaulting motorist in Lagos

The Nigerian Army (NA) Thursday morning said investigation has commenced into the assault of a motorist at Obalande by a man dressed in military camouflage.
Anti-Brexit activists hold placards and wave Union and EU flags as they demonstrate near the Houses of Parliament in central London on January 28, 2019. – Despite the humiliating rejection of Prime Minister Theresa May’s Brexit deal, Britain is no closer to knowing the end result of its vote to leave the European Union. A raft of amendments to be voted on by MPs on Tuesday threaten to further muddy the waters as the clock ticks down to Britain’s scheduled departure from the EU on March 29. (Photo by Tolga AKMEN / AFP)

Britain may be entering full-blown recession – watchdog

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Three French soldiers have died during an operation against illegal gold mining in the South American territory of French Guiana, authorities said Thursday.

Three French troops die in operation against Guiana gold-mining

Three French troops died by accident while carrying out an operation against illegal gold mining in the South American territory of French Guiana, military authorities said on Thursday.
The EU has fined Qualcomm €242 million (around $272 million) for selling 3G modem chips at predatory prices in an attempt to drive a competing supplier, Icera, out of the market.

Qualcomm fined $272 million in latest EU antitrust fine

The EU has fined Qualcomm €242 million (around $272 million) for selling 3G modem chips at predatory prices in an attempt to drive a competing supplier, Icera, out of the market.