The Central Bank of Nigeria (CBN) yesterday assured bank customers that none of the 22 commercial banks in the country is in distress.CBN Acting Director of Communication, Isaac Okoroafor, said in a statement issued yesterday that  the infusion of a new Board and Management for Skye Bank Plc remains a proactive regulatory action meant to

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The Murtala Mohammad International Airport (MMIA) Command of the Nigeria Customs Service (NCS) in Ikeja, Lagos has generated N18, 553, 756,359 between January and May this year, its Area Comptroller, Mr Frank Nduka Allannah  has said.The amount generated, according to Allanah is  N1.7 billion  in excess of the target given to the

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To ensure that the ports are not congested, the Nigerian Shippers Council (NSC) is insisting on 48-hour clearance of goods.At a meeting with terminal operators, Nigerian Customs Service (NCS) officers and other stakeholders, NSC Executive Secretary Hassan Bello argued that meeting the cargo clearance deadline was the only way to free the

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Micro, Small and Medium Enterprises (MSMEs) in the country is set to receive a boost as the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Footprint to Africa, a foremost business and financial news resource and investment bridge company has forged a synergy of cooperation which will lead to creation of at least

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President Muhammadu Buhari has approved the composition of the board of the Nigerian National Petroleum Corporation (NNPC), as provided for under Section 1(2) of the NNPC Act of 1997, as amended.The new board, according to a statement by the Special Adviser on Media and Publicity, Femi Adesina, is chaired by the Minister of State for

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Small and Medium Enterprises (SMEs) are cutting costs to boost profitability amid slow revenue growth.Association of Micro Entrepreneurs of Nigeria (AMEN) President, Prince Saviour Iche lamented that small businesses were confronting wages and input costs as well as regulatory burdens across n various sectors.According to him, SMEs are

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As part of its commitment to building and supporting economic growth and development in the country, Diamond Bank, in partnership with SME100, has rolled out strategic capacity development programmes that would boost the productive strength of micro, small and medium scale enterprises, MSMEs.The bank’s Chief Executive Officer, Uzoma

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