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Just in: CBN extends Naira 4 Dollar Scheme

BREAKING: CBN sacks First Bank directors

By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said it has extended its Naira 4 Dollar Scheme until further notice. The apex bank disclosed this in a circular titled: “Re: Introduction of the CBN’s “Naira 4 Dollar Scheme’’, for Diaspora Remittances.” The circular, signed by Director, Trade and Exchange Department, CBN, Saleh Jibrin stated:
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Is the heavenly reward no longer worth waiting for?

Private sector records 2.9 % growth in April PMI

By Peter Egwuatu Nigerian private sector expanded by 2.9 percent in April, 2021 underpinned by further growth in output and new orders, according to Purchasing Manufacturing Index, PMI released by Stanbic IBTC Bank Plc. The PMI shows that firms increased their workforce and inventory holdings in anticipation of greater demand, while vendor performance improved further.
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NIMASA, NPA assure on modular floating dock deployment

NIMASA to facilitate STCW accredited courses for Navy

By Godfrey BivbereBy Godfrey Bivbere The Nigerian Maritime Administration and Safety Agency (NIMASA) has pledged its support for the accreditation of professional courses offered by the Nigerian Navy as well as facilitating the attainment of the International Convention on Standards of Training, Certification, and Watchkeeping for Seafarers (STCW) status for the Nigerian Navy’s training institutes.
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Official corruption, major enabler of illicit financial flows — FIRS

FIRS to deduct tax from defaulters’ bank accounts

By Emma Ujah – Abuja The Federal Inland Revenue Service (FIRS) has threatened to deduct tax liabilities from defaulters’ bank accounts. It said in a statement in Abuja, Wednesday, that the move was being considered, “following rising cases of willful and illegal withholding of taxes collected by companies, corporations, Ministries, Departments, and Agencies (MDAs) and
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Flyover Bridges: Rivers State Government, Julius Berger Sign Agreement

Julius Berger grows assets by 4.9% to N329bn

Julius Berger Nigeria Plc has displayed resilience against COVID-19 pandemic challenges, and proactively grows its total assets by 4.9 per cent to N329 billion in the financial year ended December 31, 2020 from N317 billion recorded in the corresponding period of 2019. The Company recorded a stable turnover of N 242 billion and a Profit
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