US-Nigeria Trade Council Seeks 10 Year Visa Policy, Trade Treaty

US-Nigeria Trade Council Seeks 10 Year Visa Policy, Trade Treaty

citybusinessnews@yahoo.com The US-Nigeria Trade Council has urged Foreign Affairs Ministry and the United States Secretary of States to expand U.S. Visa validity period from two to ten years.       Reviewing the recent visit of President Muhammadu Buhari to the United...
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EIB, AfDB To Support Private Sector Investment In Nigeria With $50m

EIB, AfDB To Support Private Sector Investment In Nigeria With $50m

The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a....
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US-Nigeria Trade Council Appoints Ibanga, Oyefeso Advisory Board members

US-Nigeria Trade Council Appoints Ibanga, Oyefeso Advisory Board members

The US-Nigeria Trade Council, USA, has announced the appointment of two new Advisory Board members to provide leadership and overall guidance and direction, in the programmes, policy and strategic efforts to improve the trade traffic between US and Nigeria.  ...
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Buhari: Trade, Investment Key To Sustainable Development Among Commonwealth Nations

Buhari: Trade, Investment Key To Sustainable Development Among Commonwealth Nations

President Muhammadu Buhari has identified Trade and Investment Facilitation as key to sustainable development and ease of doing business and regional integration among Commonwealth countries. He also cited expanded markets with safeguards against injurious tra...
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Oando Shareholders Seek Adeosun’s Sack Over Alleged Interference

Oando Shareholders Seek Adeosun’s Sack Over Alleged Interference

Shareholders of Oando Plc, at the weekend urged President Muhammadu Buhari to immediately sack the Minister of Finance, Mrs. Kemi Adeosun over alleged “unwholesome interference” in the nation’s capital market and “for unnecessarily meddling” with the...
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Oando: NSE Gets Two Letters From SEC In 48 Hours

Oando: NSE Gets Two Letters From SEC In 48 Hours

Between April 9th and 11th 2018, the Nigerian Stock Exchange (NSE) received two letters from the Securities and Exchange Commission (SEC).   The first letter dated April 9, 2018 directed NSE to lift the suspension placed on the shares of...
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Growing US Imports Threatened by Developing Trade War

Growing US Imports Threatened by Developing Trade War

Imports at major retail container ports in the US are expected to grow 5.8 percent in April, but could be threatened by a developing trade war between the US and China, the National Retail Federation said. “Tariffs are a tax on...
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LCCI Photo News

LCCI Photo News

L-R: Director General, Lagos Chamber of Commerce and Industry (LCCI), Mr Muda Yusuf; Vice President, Ukrainian Chamber of Commerce and Industry, Sergii Svystil; President, LCCI, Mr Babatunde Paul Ruwase,FCA; Deputy Minister of Economic Development and Trade of...
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UK Car Production Drops In February

UK Car Production Drops In February

The number of cars made in Britain fell in February as domestic demand slumped by “double digit figures”, industry figures suggest. The Society of Motor Manufacturers and Traders (SMMT) said that 145,475 vehicles were built during the month –...
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NSE Celebrates Global Money Week

NSE Celebrates Global Money Week

The Nigerian Stock Exchange (NSE) is pleased to announce that it commemorated the 2018 Global Money Week themed, Money Matters Matter, between Monday, March 12, 2018 and Friday, March 16, 2018, with a series of educational programs aimed at teaching...
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NSE Market Capitalisation Drops By N105B

NSE Market Capitalisation Drops By N105B

Trading on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a drop of 0.26 per cent due to price depreciation of some blue chips. The All-Share Index dipped 111.35 points or 0.26 per cent to close...
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NSE Photo News

NSE Photo News

L – R; Eme Essien, Country Manager, International Finance Corporation (IFC); Bekeme Olowola, CEO CSR – In –Action; Fatima Bello-Ismail, Council Member, The Nigerian Stock Exchange (NSE); Oscar N. Onyema OON, CEO, NSE, Dame Abimbola Fashola, Chairman,...
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IOSCO Begins Consultation On Trading Venues, Volatility

IOSCO Begins Consultation On Trading Venues, Volatility

The Board of the International Organization of Securities Commissions (IOSCO) is seeking feedback on its proposed recommendations to assist trading venues and regulatory authorities in the implementation of mechanisms to manage extreme volatility. Extreme vola...
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Reps To Probe Alleged Malpractice In Nigerian Capital Market

Reps To Probe Alleged Malpractice In Nigerian Capital Market

The House of Representatives on Wednesday resolved to investigate the alleged stagnation of some publicly-quoted companies, especially insurance firms listed on the Nigerian Stock Exchange (NSE).   This followed a motion by Rep. Femi Fakeye (Osun-APC), who ex...
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