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FirstBank Boosts Financial Empowerment: Introduces Debit Card Overdraft Service

First Bank of Nigeria Limited, the most valuable bank brand in Nigeria, is introducing another FIRST to the Nigerian financial market – the Debit Card Overdraft Service. This is to avail customers of instant cash to meet urgent transaction needs. With this service, card users can now enjoy a higher ...

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Breaking News :FG Raises Petrol Price To N145 Per Litre

The federal government  have increased the pump price of petrol from N86 to N145. A Statement by the Minister of  State for Petroleum Resources, Ibe Nwachukwu reads:   We have just finished a meeting of various stakeholders presided over by His Excellency, the Vice President of the Federal Republic of Nigeria. ...

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TSA, Consolidated Account Unconstitutional – RMAFC

The Revenue Mobilisation, Allocation and Fiscal Commission has opposed the remittance of funds into any account other than the Federation Account by the agencies of the Federal Government. According to the RMAFC, the agencies, including the Corporate Affairs Commission, Federal Airports Authority of Nigeria, Federal Road Safety Commission, Raw Materials ...

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FirstBank Partners AES To Host National Conference On Economy Diversification

FirstBank of Nigeria Limited has announced its partnership with Academy for Entrepreneurial Studies, Nigeria(AES) to host a National Conference on the diversification of the economy with the theme: Nigeria: After Oil What Next? In a statement signed by the bank Group Head, Marketing & Corporate Communications, Folake Ani-Mumuney said the ...

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NNPC Pays N69bn To Federation Account – Report

The Nigerian National Petroleum Corporation (NNPC) has paid the sum of N69.544 billion into the Federation Account in March. This is contained in the corporation’s monthly financial report for March released in Abuja. It said that amount had brought the total amount paid to the Federation Account for Domestic Crude ...

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EFCC Arrests Access Bank MD, Herbert Wigwe

The Economic and Financial Crimes Commission(EFCC) on Friday raided the headquarters of Access bank in Victorial Island and arrested the group managing director , Mr. Herbert Wigwe. The commission disclosed that Mr. Wigwe is to explain his role in the ongoing investigation of money laundering by the Nigerian banks. The ...

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Lagos Joins Oil-Producing States As Aje Field Begins Production

wenty years after it was discovered, the Aje field located in Oil Mining Lease 113 has achieved its first oil, putting Lagos on the list of oil-producing states in the country. The milestone is coming after several missed targets for the achievement of first oil, the latest being March this ...

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N23bn Scam: Fidelity Bank Removes Okonkwo Names, Acting MD

The Board of Directors of Fidelity Bank Plc has appointed the Executive Director, North, Alhaji Mohammed Balarabe, as the Acting Managing Director/Chief Executive of the bank with immediate effect subject to regulatory approval. The appointment, according to a statement by the bank on Monday, follows the absence of the Managing ...

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Arik Owes Us N12.5bn- Bi-Courtney

Bi-Courtney Aviation Services Limited (BASL), the operator of the Murtala Muhammed Airport Two (MMA2), Lagos, has claimed that Arik Air’s alleged N12.5 billion indebtedness, which led to the disruption of its operations in Lagos and Abuja by aviation workers on April 20, 2016, was part of its (Bi-Courtney) legitimate revenue ...

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Economic Crises: Era Of Lip Service To Economic Diversification Over – Fayemi

The minister of Solid Minerals Development Dr. Kayode Fayemi, yesterday declared that the parlous state of economy in Nigeria requires more aggressive approach to industrialisation. The former Ekiti state governor, also said the era of paying lip service to the diversification of the economy was over. stressing Fayemi disclosed these ...

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