Andrew Alli, President and Chief Executive of Africa Finance Corporation AFC, has said that Africa’s infrastructure gap remains colossal, requiring approximately $100…
Category:
Business
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The Federal Government, in apparent contradiction of its earlier position made a u-turn on its modular refineries initiative, declaring that it would…
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Bank customers who pay out dud cheques are now to be penalised by banks. Such customers are to pay charges of one…
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Boeing Co said it has temporarily halted flights of its new 737 MAX aircraft due to an issue with the engine, which…
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BusinessEconomyFinanceNews
Nigeria banks will remain profitable despite modest credit growth 2017—-Fitch
Fitch Ratings in its report on Nigeria banks released yesterday said that Nigerian banks posted good financial results for 2016, despite…
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The Nigerian Customs Service has announced the appointment of four new Deputy Comptroller Generals and eight new Assistant Comptroller Generals. A statement…
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Etisalat said it has made progress in talks with Nigerian banks on restructuring its loan repayment. Talks between Etisalat and its bankers…
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Market Statistics Tuesday, 9th May 2017 Market Cap (N’bn) …
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Indications are that talks between Etisalat Nigeria and a consortium of banks that syndicated a $1.2 billion facility for to restructure payments…
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Ecobank Nigeria limited said it has invested in state of the art mobile application that is fast and accessible and gives better…
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BusinessEconomyFinanceNews
CBN sells $81.2 m for BTA, PTA, Tuition fees, SMEs as FMDQ quotes N381 to dollar
Following last Friday’s injection of $389 million into the retail segment of the forex market, the Central Bank of Nigeria (CBN) has…
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Lafarge Africa plans to seek shareholders’ approval next month to raise N140 billion and also convert some loans into equity as part…
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Indications emerged weekend that the Central Bank of Nigeria (CBN) is set to inject more foreign exchange through intervention segments of the…
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BusinessEntertainmentFinanceNews
BOI approves N300m loan facility for Nigerian Artists … targets 200,000 jobs
Bank of Industry, BOI has approved the sum of N300 million facility for culture and arts in the country. Acting Managing Director…
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The retail segment of the interbank forex market received a huge boost on Friday, May 5, 2017, as the Central Bank of…