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CBN defends sale of Polaris Bank to SCIL

By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, yesterday explained that Polaris Bank was sold to Strategic Capital Investment Limited, SCIL, because it offered the highest financial bid of N1.355 trillion. Dismissing allegations to the contrary by an online news outlet, CBN’s Director, Corporate Communication Department, Mr. Osita Nwanisobi, in a press release yesterday stated: […]

Clearing agents express concern over double cargo examination at Tin-can

By Godfrey Bivbere Clearing agents operating at Tin-can Island port have expressed concern over double examination by officers and men of the Nigeria Customs Service, NCS. They noted that after the official examination of cargo which involved several government officials, most of the cargoes were again subjected to other examinations at the exit gate by […]

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