FCMB has said that it was charged N14 billion for failing to meet the central bank’s minimum loan-to-deposit ratio requirement by a…
Business News Report
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The Federal Mortgage Bank of Nigeria (FMBN) has disbursed N226. 6 billion as loan through the National Housing Fund (NHF) in an…
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FinanceNewsStock Market
Bearish sentiment persists in Nigerian Equities Market as investors lost N111.6bn
The selloffs in NESTLE (-10.0%), UNILEVER (-7.7%) and ZENITH (-0.8%) has dragged the All Share Index (ASI) 84bps lower to settle at 27,085.69 points. YTD…
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Access Bank Plc has unveiled a cash incentive campaign tagged: “DiamondXtra Independence Splash” in commemoration of the country’s 59 years independence. Mr…
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President, Muhammadu Buhari will on Tuesday, October 8 present the 2020 budget to the joint session of the National Assembly. President of…
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EconomyNews
African Risk Capacity, Southern Africa Development Community Secretariat signs agreement on climate resilience
The African Risk Capacity (ARC) and the Southern Africa Development Community (SADC) Secretariat have signed a Memorandum of Understanding (MoU) to strengthen…
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Leaders from the world’s two largest and oldest democracies played down talk of “torrid times” over trade at the opening day of…
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Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its…
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Central Bank of Nigeria has increased its target for lending by commercial banks for the second time in three months, to help…
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The World Bank has appointed Mr Shubham Chaudhuri as the new Country Director for Nigeria, succeeding Mr Rachid Benmessaoud who completed his…
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The African Development Bank (AfDB) has commended Nigerians for their resilience and entrepreneurial skills in the 59 years of the country’s existence.…
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Total external debt of low- and middle-income countries climbed 5.3 percent to $7.8 trillion last year, while net debt flows, gross disbursements…
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BusinessEconomyNews
150,000 persons benefit from govt’s skills devt, job creation initiatives’ – Obaseki
Edo State Governor, Mr. Godwin Obaseki, has stated that his government has provided employment opportunities to not less than 150,000 persons in…
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The Nigerian Equities Market recorded a negative performance with the ASI losing 114bps to settle at 27,314.87 points due to price depreciation in GUARANTY (-7.5%), NIGERIAN BREWERIES (-6.7%)…
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Managing Director Nigeria National Petroleum Corporation, Mr. Mele Kolo Kyari has promised that Nigeria will cut its crude oil output to comply…