Business Day Online
UK says Manchester attacker recently returned from Libya
Britain’s interior minister said on Wednesday she believed the suicide bomber, who killed 22 people at an Ariana Grande concert in the English city of Manchester, had recently returned from Libya. Asked to confirm whether Salman Abedi had recently come back from the country, Ambe...
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Business Day Online
Jubilee Syringe sets to end regime of syringe importation in Nigeria
As an answer to Nigeria call for increased direct foreign investment in the country as a way of not only attracting foreign exchange to cushion the effect of the present recession witnessed in the country, but also create jobs across the various job cadres, Jubilee Syringe Manufa...
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Business Day Online
‘No Premium No Cover’ undermines Staco Insurance premiums
The ‘No Premium Cover policy introduced by regulators in order to ensure that operators are liquid has undermined Staco Insurance premium income as the insurer posted a loss of N1.85 billion to end the 2016 financial year. Gross premium written was N5.40 billion in December 2016...
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Business Day Online
6 cocoa processors owe Nigerian banks N50bn
Nigeria’s cocoa processing industry has been choked by a N50 billion debt it owed commercial banks operators in the country.   This has led to a decline in the country’s value addition in recent years and resulting to a $2 billion annual loss, industry sources say.   Key players...
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Business Day Online
How Fidelity Bank boosts savings with promo scheme
The savings deposit base of Fidelity Bank plc has been enhanced since it began the promo draw initiative called “Get Alart in Millions”, aimed at encouraging savings culture and promoting financial inclusion.  In its 8th monthly draw in the ‘get alert in million promo held last w...
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Business Day Online
It is too early to judge Buhari’s government- Presidency
The Presidency has said it is too early to judge the President Muhammadu Buhari and the All Progressive Congress (APC) led government as having failed. This is as the Presidency stated that if President Buhari contest for the elections again he will win sweepingly as Nigerians we...
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Business Day Online
CBN Will Boost Dollar Sales to Support Economy
Nigeria’s central bank will increase dollar sales to support the economy and bolster the naira after leaving its key interest rate at a record high level. “Interventions will be more vigorous and intense,” Governor Godwin Emefiele told reporters in the capital, Abuja, after annou...
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