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.…
Category:
Finance
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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…
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In its last intervention for the month of November,the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an intervention…
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EconomyFinanceNews
FG borrowing plan: Capacity to service huge public debt is bigger cause for worry—-LCCI
Lagos Chamber of Commerce and Industry has said that the bigger worry in the federal government borrowing spree is the capacity of…
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EconomyFinanceNews
Emefiele unveils Bankers’ Charitable Endowment Fund, pushes for improved domestic production in 2020
Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has listed the Bank’s priorities for 2020 to include support for greater economic growth, price stability and…
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The Season 6 of the First City Monument Bank (FCMB) bumper reward scheme tagged ‘’FCMB Millionaire Promo’’, has come to an exciting end…
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The Nigerian Government has moved closer to overturning the $9.6 billion judgement debt awarded against it in favour of Process and Industrial…
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President Muhammadu Buhari is seeking the re- consideration and approval of the National Assembly on the 2016-2018 External Borrowing Plan of the…