Fidelity Bank Plc, top Nigerian lender on Thursday announced the introduction of a new savings campaign in Lagos, as part of concerted…
Finance
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EconomyFinanceNews
CBN imposes N14bn on FCMB, N386bn on Gtbank, Citibank, Standard Chartered, FBN, 6 others for failing to meet loan deadline
FCMB has said that it was charged N14 billion for failing to meet the central bank’s minimum loan-to-deposit ratio requirement by a…
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The Federal Mortgage Bank of Nigeria (FMBN) has disbursed N226. 6 billion as loan through the National Housing Fund (NHF) in an…
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FinanceNewsStock Market
Bearish sentiment persists in Nigerian Equities Market as investors lost N111.6bn
The selloffs in NESTLE (-10.0%), UNILEVER (-7.7%) and ZENITH (-0.8%) has dragged the All Share Index (ASI) 84bps lower to settle at 27,085.69 points. YTD…
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Access Bank Plc has unveiled a cash incentive campaign tagged: “DiamondXtra Independence Splash” in commemoration of the country’s 59 years independence. Mr…
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Central Bank of Nigeria has increased its target for lending by commercial banks for the second time in three months, to help…
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The World Bank has appointed Mr Shubham Chaudhuri as the new Country Director for Nigeria, succeeding Mr Rachid Benmessaoud who completed his…
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The African Development Bank (AfDB) has commended Nigerians for their resilience and entrepreneurial skills in the 59 years of the country’s existence.…
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Total external debt of low- and middle-income countries climbed 5.3 percent to $7.8 trillion last year, while net debt flows, gross disbursements…
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The Nigerian Equities Market recorded a negative performance with the ASI losing 114bps to settle at 27,314.87 points due to price depreciation in GUARANTY (-7.5%), NIGERIAN BREWERIES (-6.7%)…
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BusinessEconomyFinanceNews
FG to release N600bn for critical capital projects, assures on prudent saving of oil income
President Muhammadu Buhari in his 2019 Independence anniversary speech said the federal government in the next three months will invest N600 billion…
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To boost the creative sector’s contribution to the Gross Domestic Product (GDP), the Central Bank of Nigeria (CBN) has expressed plans for…
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The domestic equities market closed in the red as the ASI shed 16bps to settle at 27,630.56 points due to price depreciation…
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(Reuters/NAN) Britain’s Civil Aviation Authority (CAA) said more than 70 flights were scheduled for Thursday to bring back 16,000 people to the…
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It was a night filled with magnificence and splendor as music lovers and fun seekers were treated to topnotch entertainment at the…