French government has said it will extend support to Lagos State government in its Mega City agenda through the commitment of €200…
Finance
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The bearish performance of the local bourse was extended into the second consecutive session as sell pressures in bellwethers – NESTLE (-4.1%),…
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Africa Finance Corporation AFC has appointed Samaila D. Zubairu as the Corporation’s 3rd President and Chief Executive Officer, succeeding Andrew Alli who…
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International Monetary Fund IMF, has said that bail out of failing banks with public funds should be the last resort. It said…
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In its desire to ensure liquidity in the foreign exchange market to meet customers’ requests in various segments of the market, the…
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South Africa Banks have dwarfed Nigerian banks in the 2018 Top 1000 World Banks ranking in which the tier 1 capital of…
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BusinessEconomyFinanceNews
Chinese banks dominate 1000 world banks ranking while Africa banks deliver highest return
The Banker in its top 1000 world banks 2018 has said that Africa’s banks delivered the highest returns with a 26 per…
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Assets Management Company of Nigeria (AMCON) has said that there would be no more room for negotiation with debtors as the company…
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Investors at the Nigerian Stock Exchange gained N150.7 billion as the All Share Index rose by 1.1 per cent. This halted the…
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Customers in the retail segment of the Nigerian inter-bank foreign exchange market received a $318.73m boost from the Central Bank of Nigeria…
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Britain and Nigeria are exploring ways to list Naira-denominated bonds on the London Stock Exchange to help fund infrastructure projects in the…
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Wema Bank Plc. said that its Managing Director/Chief Executive Officer, Segun Oloketuyi is retiring from the bank following almost a decade at…
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FinanceNewsStock Market
Profit taking in banking stocks drags market performance… NSE ASI down 10bps
The negative performance of the local bourse was sustained in today’s session as the NSE All Share Index (ASI) fell 10bps to 37,963.93…
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Federal Government of Nigeria is again planning to raise another $2.8 billion offshore loans as part of its 2018 budget and will…
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ECOWAS is set to enhance sustainable electricity access through solar in 19 countries in West Africa and the Sahel region to promote…