The Federal Government (FG) has initiated moves to secure a $500 million African Development Bank (AfDB) fund for technology innovation, the Minister…
Finance
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President Muhammadu Buhari has sent Babatunde Fowler packing as he refused to renew his appointment as the chairman of the Federal Inland…
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The Edo State Governor, Mr. Godwin Obaseki, has signed the state’s 2020 Appropriation Bill pegged at N179,212,812,050.72 into law, after due passage…
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Global Credit Rating (GCR) has said that it has upgraded African Export-Import Bank’s (Afreximbank) long-term international scale rating from BBB+ to A-.…
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The Acting Director-General of the Nigeria Pension Commission (PenCom), Aisha Dahir-Umar has been queried by the House of Representatives on how the finances of…
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The Federal Government on Friday, December 6, 2019, filed a new and substantive challenge in the English Courts, in its ongoing fight…
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Senate has at plenary, passed the 2020 budget of N10.594 trillion as against N10.33 trillion presented by President Muhammadu Buhari on Oct. 8.…
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FinanceNewsStock Market
Sell-offs in Access, FBNH, GTbank drag stock market index down as investors lost N12bn
Losses in three stocks, that of Access Bank, First Bank Holding and Guaranty Bank At the close of trade, in the Nigerian…
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In today’s trading session, the benchmark index sustained losses, declining 2bps to 26,938.58 points, due to sell-offs in STERLING (-6.3%), UBA (-1.4%) and ZENITH (-0.5%).…
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The Edo State Joint Account and Allocation Committee (JAAC) has declared N3.15 billion as the total allocation that accrued to the 18…
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Sell-offs in MTNN (-0.8%), STANBIC (-3.5%) and GUINNESS (-6.5%) dragged the All-Share Index (ASI) down 17bps to 26,944.32 points. Hence, market capitalisation shed…
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Nigerian Banks recovered a total of N738.15 billion Non-Performing Loans (NPL) from operators in oil and gas sector. According to the the National Bureau of Statistics…
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Centre for Social Justice has said that the exchange rate of N305 to 1 USD is contentious as economic agents in Nigeria…
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Losses in CCNN (-5.0%), GUARANTY (-0.5%) and FCMB (-5.5%) dragged the All-Share Index (ASI) by 4bps to 26,990.59 points while YTD loss…
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EconomyFinanceNews
Economy in Q3 2019 : Ecobank, Standard Chartered lead in capital importation to Nigeria
National Bureau of Statistics (NBS) says Ecobank Nigeria and the local unit of Standard Chartered Bank have joined Stanbic IBTC Bank to…