Central Bank of Nigeria CBN has assured Nigerians that there will be uninterrupted banking services during the lockdown in Lagos, Abuja and…
Finance
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Today, the domestic equities market declined 243bps to 21,330.79 points following sell-offs in MTNN (-10.0%), ZENITH (-5.2%) and GUARANTY (-3.0%). Consequently, YTD return fell to -20.5% while market capitalisation decreased ₦276.7bn…
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EconomyFinanceNews
COVID-19 – Ecobank Commits N100m to radio campaign “StaySafeNigeria”, free digital money transfers charge below N5,000
Ecobank Nigeria says it is committing about a hundred million Naira to drive its National Radio Campaign “StaySafeNigeria”, being part of its corporate actions to…
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As the Federal Government, through the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC), intensifies effort to check…
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Prices of shares at the Nigerian Stock Exchange maintained a positive trend with the indices appreciating further by 0.48 percent. Specifically, the…
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International Monetary, Financial Committee Chair Lesetja Kganyago and International Monetary Fund Managing Director in a joint statement have said that although the…
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African Development Bank (AAA) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact…
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United Bank for Africa Plc (UBA) has donated over N5 billion, through the UBA Foundation, to catalyse a comprehensive pan-African response to…
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Today, the benchmark index appreciated 13bps to 21,757.47 points due to buying interest in banking stocks – GUARANTY (+5.3%), ACCESS (+9.8%) and UBN (+10.0%). Consequently, YTD return settled at -18.9%…
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EconomyFinanceNews
US regulators encourage banks, others to offer responsible small-dollar loans to consumers, small businesses affected by COVID-19
Five US federal financial regulatory agencies have jointly encouraged banks, savings associations and credit unions to offer responsible small-dollar loans to consumers…
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EconomyFinanceNews
Union Bank partners 54Gene to raise $500,000 towards Nigeria’s fight against COVID-19
Union Bank, one of Nigeria’s foremost financial institutions has announced a $130,000 (N50million) donation to tackle the spread of the Coronavirus pandemic…
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BusinessEconomyFinanceNews
World Bank, IMF urge bilateral creditors to suspend debt payments from Nigeria, 75 other IDA countries
The World Bank Group and International Monetary Fund have urged all official bilateral creditors to suspend debt payment from IDA countries that…
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BusinessEconomyFinanceNews
CBN to remain open while COVID-19 lasts, releases guideline to access N50bn COVID19 fund
Central Bank of Nigeria CBN, has said that it will keep it doors open for business just as it has released the…
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Ecobank Nigeria has launched a ‘StaySafeNigeria’ media campaign being part of its corporate actions to support measures to check the rising spread…
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The African Export-Import Bank (Afreximbank) has announced a $3-billion facility, named Pandemic Trade Impact Mitigation Facility (PATIMFA), to help African countries deal…