Ecobank it has said started implementing the CBN scheme which offers N5 for every Dollar received into domiciliary accounts or as cash…
Category:
Finance
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Further to the introduction of its new “CBN Naira 4 Dollar Scheme” which comes into effect on Monday, March 8, 2021, the…
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FinanceIndustryNews
CBN restates support for manufacturing firms in Nigeria, stresses on import substitution
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has restated the Bank’s resolve to encourage firms willing to invest in…
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The Central Bank of Nigeria (CBN) says 3.8 million farmers have so far benefited from its Anchor Borrowers’ Programme (ABP). Mr Yila…
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EconomyFinanceNews
Afrexim, AfCFTA briefs Ghana president on progress of Pan-African Payments and Settlements System
From left to right, Governor of the Central Bank of Ghana, Dr. Ernest Addison; President of Afreximbank, Prof. Benedict Oramah; President of…
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FinanceNewsStock Market
Nigerian Financial market performance during the week: Equities Market sell pressures sustained
The equities market sustained previous week’s sell-offs with trades closing southwards on all trading sessions save Monday. Consequently, the benchmark index lost…
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The equities market maintained its downtrend today as the benchmark index fell 40bps to 39,364.67 points due to price declines in NIGERIAN BREWERIES (-3.9%), DANGSUGAR (-6.3%) and UBA (-3.6%).…
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The sell-offs in the domestic bourse continued today as the benchmark index fell 44bps to 39,522.06 points due to price declines in MTNN (-2.3%), WAPCO (-7.1%) and INTBREW (-4.5%).…
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BusinessFinanceNews
Afreximbank approves $70m for the upgrade of Beitbridge border post to facilitate trade in Southern Africa
African Export-Import Bank (Afreximbank) has approved $70 million to finance the expansion and upgrade of the Beitbridge border post in Zimbabwe. The…
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BusinessFinanceNews
ECOWAS Bank for Investment and Development signed € 40m framework agreement with ODDO BHF Aktiengesellschaft
EBID, the regional development bank for the ECOWAS sub-region (Economic Community of West African States), and ODDO BHF AG, the Franco-German financial…
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FinanceNewsStock Market
Nigeria Stock Exchange lifts suspension on LASACO Assurance Plc, as investors lost N122.4bn
The Nigerian Stock Exchange has lifted the full suspension placed on trading in the LASACO Assurance’s shares following the completion of the…
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Nestlé Nigeria Plc announced its financial results for the year 2020. The company posted revenue of N 287.1 billion recording 1.1% growth…
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MTN Nigeria has declared a ground-breaking full-year revenue in the financial year of 2020, the highest ever recorded by a Nigerian listed…
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Human Rights Watch said that France’s National Assembly should approve a bill to require the government to return assets looted by corrupt…
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The equities market ended the first trading session in March in the green following price upticks in ZENITH (+1.4%), UBA (+2.5%) and BUACEMENT (+3.8%),. As a result,…