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Don’t borrow above $22.8bn in 2017 –DMO tells FG

The Debt Management Office (DMO) has advised the Federal Government not to borrow above $22.08 billion in 2017. It gave the recommendation on Tuesday in its 2016 Debt Sustainability Analysis (DSA) report, obtained by the News Agency of Nigeria (NAN) in Lagos. In the report, DMO stated that the end-period …

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How Shell Petroleum Company Is killing Nigerian Economy

There are strong evidences that Shell Petroleum Development Company of Nigeria Limited has been milking Nigeria dry through its activities. The federal government of Nigeria recently sued Shell Petroleum Company and its allied Shell Western Supply & Trading Limited for nearly $407 million as part of its battle to recover all monies …

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Unity Bank grows assets by 7.4% In Q3, 2016

Unity Bank Plc has announced a Total Assets size of N476.15bn for the the quarter ended 30 September 2016 representing an increase of 7.4% or N32.6bn over N443.3bn recorded as at 31 December, 2015. According to the company’s filing with the Nigerian Stock Exchange (NSE), the Bank grew Customer’s Deposit to …

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MTN Money Laundering Scandal Latest

MTN Nigeria is in big mess as the company is now moving from frying pan to fire. The Senate told Nigerians that it had engaged the services of foreign forensic experts and lawyers to probe the $13.9bn allegedly transferred from Nigeria by MTN Nigeria illegally. The Chairman, Senate Committee on …

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DIAMOND BANK PARTNERS MICROSOFT, HP TO EMPOWER SMEs.

Lagos, October 19, 2016 — Intent on promoting small businesses in Nigeria, Diamond Bank Plc, has teamed up with Microsoft, Intel, HP and MTN in a strategic partnership focused at providing SMEs in the country with essential tools required to give them the competitive edge in a dynamic business environment. …

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