The Nigeria Labour Congress (NLC) says 37.8 billion dollars will be needed as Global Fund for Universal Social Protection for the first…
Category:
Finance
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Ecobank, has won Africa’s Best Bank for Corporate Responsibility in the Euromoney Awards for Excellence 2020. Euromoney recognises Ecobank’s focus on sustainability…
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The domestic equities market closed positive for the first time this week as the All-Share Index rose 6bps to settle at 24,130.26 points following bargain hunting in AIRTELAF (+3.4%),…
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BusinessEconomyFinanceNews
Afreximbank disburses $3.55bn to cushion impact of COVID-19, $300m to stimulate intra-African Trade
The African Export-Import Bank (Afreximbank), has disbursed a total of $3.55 billion to the Egyptian Banking sector under its Pandemic Trade Impact…
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The local bourse sustained previous day’s loss as the benchmark index declined 34bps to close at 24,117.40 points following price depreciation in GUARANTY (-3.2%), ZENITH (-3.7%) and…
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EconomyFinanceNews
E-payment channels transaction value drops by N96 billion as a result of COVID-19 lock down in April
The Central Bank of Nigeria CBN has said that the total volume of payment transactions across Nigerian payment channels fell by 26…
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EconomyFinanceNews
Banks can now debit other bank accounts of chronic loan defaulters starting August 1–CBN
The Central Bank of Nigeria (CBN) has authorised banks to begin from August to debit chronic bank debtors account with other banks.…
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Trading activities at the local bourse started the week bearish as the benchmark index moderated 44bps to close at 24,200.60 following sell-offs in MTNN (-1.0%), ZENITH (-3.0%)…
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The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019. Data obtained from the…
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The suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has again been accused of allegedly failing…
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The Securities and Exchange Commission (SEC) has restated its preparedness to collaborate with the National Information Technology Development Agency (NITDA) to foster safe conducts…
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BusinessEconomyFinanceNews
FG to release at least 50% of amended capital budgets by end of July—Buhari
President Buhari has said that the Federal Ministry of Finance, Budget and National Planning is in the process of effecting budgetary releases…
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Key market indices of the Nigerian Stock Exchange (NSE) on Friday rebounded by 0.12 percent following price appreciation achieved by MTN Nigeria…
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A Lagos, born and based inventor, Chief Executive Officer of Block Stale, Adekunle Daniel, Friday, unveiled the first ever Bitcoin Automated Teller…
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International Monetary Fund, IMF and the World Bank Group have said that this year annual meetings of the Bretten Wood Institutions will…