Independent Corrupt Practices and Other Related Offences Commission, ICPC, is probing acting Director-General of the National Pension Commission (PenCom Aisha Dahir Umar…
Category:
Finance
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Trading activities on the local bourse resumed the week negative with a 1bp marginal decline in the All-Share Index to close at…
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EconomyFinanceNews
African Development Bank denies claims it plans to provide financial support to East African Crude Oil Pipeline Project
African Development Bank has denied claims that the institution plans to provide financial support to the East African Crude Oil Pipeline Project.…
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EconomyFinanceNews
IMF/WB Development Committee backs G20 debt service suspension initiative, Nigeria makes case for IDA
Minister of finance Zainab Ahmed said a debt relief agreement reached at the ongoing IMF/World Bank Group virtual Spring Meetings to help…
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EconomyFinanceNews
“We expect COVID-19-related projects in 100 countries by end of April— David Malpass
World Bank Group President David Malpasshas said that the multilateral institution expects to have COVID-19 projects in 100 countries before the end…
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FinanceNewsStock Market
The Bullish trend continues at Nigerian Stock market as investors gain ₦7.8bn
Today, the local bourse sustained its uptrend, advancing 7bps to close at 22,554.84 points following gains in MTNN (+3.6%), NESTLE (+10.0%) and DANGCEM (+2.2%). Consequently, market capitalisation was…
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BusinessEconomyFinance
CBN develops, short, medium, long term measures to insulate economy from covid-19 induced recession—Emefiele
Central Bank Governor Mr. Godwin Emefiele said the CBN has developed a short, medium and long term Policy Response Timeline to guide…
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Refinitiv 2020 first quarter investment banking analysis for Sub-Saharan Africa showed that investment banking fees in the region reached an estimated $128.2…
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EconomyFinanceStock Market
COVID-19 crisis may reverse gains, weigh on growth for years in Africa—IMF
International Monetary Fund IMF has said that Sub-Saharan Africa is facing an unprecedented health and economic crisis. The IMF in its Regional…
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U.S. President Donald Trump’s move to halt funding to the World Health Organization over its handling of the coronavirus pandemic prompted condemnation…
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In today’s trade, the bulls held on to gains as the local bourse advanced 302bps to close at 22,539.94 points due to price appreciation…
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BusinessEconomyFinanceNews
Ecobank urges Nigerians to embrace instant account opening with EcobankMobile *326#
Ecobank Nigeria is encouraging unbanked and underbanked Nigerians which include artisans such as mechanics, carpenters, electricians, small scale retailers, transporters and others…
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BusinessEconomyFinance
IMF recommends protect lives, livelihoods, plan for recovery as COVID-19 economic policy measures
Managing Director International Monetary Fund IMF has recommended three policy measures needed to overcome the damage done by coronavirus to the global…
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By Omoh Gabriel The IMF has that Nigeria economy will drop by 3.4 per cent thus plunging it into another round of…