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Normalcy gradually returns in Lagos filling stations

Normalcy seems to have returned to petrol stations within Lagos metropolis as most of them were seen selling petrol on Thursday since the Federal Government directed Dr Ibe Kachikwu, Minister of State for Petroleum Resources, to clear the queues. A News Agency of Nigeria (NAN) correspondent who monitored the situation reported that most filling stations within Lagos metropolis that had ...

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How the 2018 budget will go

Budget size: N8.612 trillion (16 % higher than 2017 estimates) Assumptions, projections ================== • Benchmark crude oil price-US$45 per barrel • Oil production estimate – 2.3 million barrels per day • Exchange rate – N305/US$ for 2018 • Real GDP growth of 3.5 per cent • Inflation Rate of 12.4 per cent Expenditure Estimates ================ The proposed aggregate expenditure of ...

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Black Friday comes to Lagos Int’l trade fair

The Lagos Chamber of Commerce and Industry (LCCI), has declared Nov. 10, ‘Black Friday’ as part of activities at the ongoing 2017 Lagos International Trade Fair.

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Zenith Bank declares N531bn gross earnings in 9 months

Zenith International Bank Plc has declared gross earnings of N531.3 billion for the third quarter ended Sept. 30, 2017. This is according to the bank’s third quarter result released by the Nigerian Stock Exchange (NSE) in Lagos on Thursday. The report obtained by the News Agency of Nigeria (NAN) showed that the gross earnings represented a growth of 39.7 per ...

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CBN threatens to sanction banks without Forex sales point

The Central Bank of Nigeria (CBN) on Monday threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier instructions to open teller points for retail foreign exchange (Forex) transactions in all locations. The apex bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement on Monday in Abuja, said the bank would also penalise banks which ...

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