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By ANIEBO NWAMU A white man I met at Apo Mechanic Village in Abuja, recently, stood stupefied as near-illiterate young men dismembered his car to work on it. In no time, they replaced a...
By EZEKIEL OLORIEGBE*  We have been inundated with stories about how we need to borrow money for infrastructure.  The story is that the money will be used for 'critical' infrastructure. Now we hear that part of the USD500m...
By ANIEBO NWAMU A younger Nigerian with a burning desire for greatness got excited after reading a statement issued by the Central Bank of Nigeria (CBN) in July this year. The sweet-sounding release that arrested the...
With effect from 2019, all existing oil licences will not be renewed by the Federal Government of Nigeria and its public corporations. No reason has so far been given for this development, but sources within the presidency revealed that the...
Etisalat Nigeria will cease to exist by the end of this July. The Abu Dhabi-owned telecommunications company has terminated its management agreement with its Nigerian arm, after the collapse of loan talks, said CEO of Etisalat International Hatem Dowidar on...
Companies whose accounting year ends on September 30 ought to file their returns at the Federal Inland Revenue Service on March 31, 2015, according to information provided by the agency charged with controlling and administering certain taxes and laws...
Oil prices are manipulated by the US and Saudi Arabia. They are not determined by volatility on demand and supply. This has been the case since US President Franklin Roosevelt and Saudi King Abdul Aziz (ibn) Saud agreed on...
Below is a press release signed by Mr Isaac Okorafor, acting director of corporate communications, Central Bank of Nigeria, on Monday: New Policy Actions in the Foreign Exchange Market In continuation of efforts to increase the availability of foreign exchange...
On the first day of transaction after the Eid-el-Fitr celebration, the Central Bank of Nigeria (CBN), on Wednesday, June 28, 2017, intervened in various segments of the inter-bank market to the tune of $195m. A breakdown of Wednesday's intervention indicates...
By ODILIM ENWEGBARA No modern capitalist economy allows its forex management policy to be in the hands of just one man –  one man so powerful that he decides who gets the forex and how much....

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