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Swiss shut down ‘fake’ E-Coin in latest cryptocurrency crackdown

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Switzerland’s financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a

Fed rate hike remains uncertain after Harvey, Irma

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Two hurricanes slammed into the United States within two weeks, taking a bite out of economic growth, and adding to doubts about the

Forex: CBN to sanction erring banks

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The Central Bank of Nigeria (CBN) has threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier directive to open

Uncertainty as N241bn outflow via Sukuk Bond, TB auctions hit interbank market

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The Interbank money market will this week experience outflow of N241 billion through treasury bills (TBs) and FGN Sukuk Bond auctions,

South Africa’s tax service to take legal action against KPMG

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South Africa’s tax agency said on Monday it will launch legal proceedings against KPMG for reputational damage caused when the auditor released details of a confidential report it had compiled for the tax office.

ICRC says Nigeria requires $100b for Infrastructure development

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Infrastructure Concession Regulatory Commission says Nigeria requires $100 billion to provide quality infrastructure in the next six years.

United Labour Congress begins nationwide strike

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The United Labour Congress of Nigeria has begun a nationwide strike.

India to import $1b worth of Pulse Beans from Nigeria

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India has approached Nigeria to supply it with $1billion (N367 billion) worth of Pulse Beans.

World stocks peak at start of Fed-fueled week

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World stocks hit a record high on Monday and the dollar reached an eight-week peak against the yen on expectations that the U.S. Federal

Lagos, Kano states cooperate to boost trade, commerce

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Lagos and Kano State Governments have joined hands to improve trade, commerce as well as other internally generated revenue driven economical activities.

Nigerian farmers urged to go organic, improve quality of produce

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Nigerian farmers have been advised to embrace organic farming to boost food production and ensure that their farm produce are good for human consumption.

Automobile Industry : Renault-Nissan seeks to double saving cooperation

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Automobile manufacturer, Renault-Nissan says it will double savings up to $12 billion by 2022 through closer cooperation with Mitsubishi Motors.

Bank of England says likely to raise interest rates in coming months

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The Bank of England said it was likely to raise interest rates in the coming months if the economy and price pressures keep growing, giving its clearest signal to date that Britain’s first rate hike in a decade is approaching.