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News about Business, around the World. Get the business news as it happens
Shipbuilding At The Core Of Kenya’s Manufacturing Agenda, President Kenyatta Says
President Uhuru Kenyatta has underscored the importance of shipbuilding to the manufacturing pillar of the country’s Big 4 development blueprint saying the activity will help unlock the country’s immense ocean and blue economy potential. !-->!-->…
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Leverage on trade to strengthen Kenya-South Africa ties
On Tuesday, November 23, 2021, President Uhuru Kenyatta called on Kenyan and South African business communities to leverage on trade and investments as enablers of strengthening bilateral ties between the two African nations. The!-->!-->!-->…
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Banks will stop accepting these banknotes by December 31
Deposit Money Banks in Nigeria have given a deadline of December 31, 2021, for accepting old £20 and £50 notes to enable the proper conclusion of cash evacuation. Banks such as Fidelity Bank Plc and UBA informed customers in an email on!-->!-->!-->…
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How Bank Customers Can access forex, as banks notify Customers
Deposit money banks have begun to notify customers on how they can access forex without stress as they have started setting up forex desks in their various branches. This comes barely a week that the CBN stopped BDC operators from!-->!-->!-->…
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Provide Forex Services Now or Face Consequences - CBN Orders Banks
The Central Bank of Nigeria has issued a warning to the Deposit Money Banks to comply with the new forex policy and set up teller points at designated branches to provide forex to Nigerians. The apex bank said this in a circular to all!-->!-->!-->…
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How To Avoid New USSD Charges By Nigerian Banks
Over the weekend, bank customers were informed that they will start charging them N6.98 for every USSD transactions. However, the rate at which banks deduct money from their customers has made Nigerians seek ways to avoid traditional!-->…
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This Nigerian Company is Taking Over From Shoprite
16 years after opening its first outlet, Africa's largest food chain, Shoprite is about to be taken over by a Nigerian company. Ketron Investment Limited, owned by a group of local investors led by property firm Persianas Investment!-->!-->!-->…
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Nigerians to pay more on imported vehicles starting from June 1st
By June 1, 2021, Nigerians will have to pay more on Imported vehicles, as terminal operators have announced a 50 per cent increase in terminal handling charges. Two Roll On Roll Off (RORO) terminals at the Tin Can Island Port, Ports and!-->!-->!-->…
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E-Business Transactions by Nigerians Increased By N36.48trn: Check other Statistics
The National Bureau of Statistics (NBS) says electronic payment recorded a total volume of 3.46 billion transactions amounting to N356.47 trillion in the fourth quarter of 2020 (Q4 2020). The figure represents a N36.48 trillion!-->!-->!-->…
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Safaricom Announces 11-hour System Maintenance
The East Africa Communication giant Safaricom has announced a planned system upgrade from Saturday, April 24 at 10 pm to Sunday, April 25 at 9 am. During the system maintenance, SIM swap, all airtime top-up, tariff migration, and!-->!-->!-->…
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