*FG can only borrow N1.6trn local, N4.8trn external *30% of budget should go for capital investments Nigeria’s total external debt stock outstanding…
Finance
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Union Bank of Nigeria (UBN) Plc has announced gross earnings of N93.44 billion for nine months ended Sept. 30, 2016. This is…
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FinanceBusinessEconomyNews
Adeosun hosts IMF Director, says FG is committed to infrastructure development
The Minister of Finance, Mrs. Kemi Adeosun on Wednesday told the visiting Director, African Department of the International Monetary Fund (IMF), Mr.…
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BusinessEconomyFinanceNewsStock Market
Profit taking: NSE market capitalisation drops further by N164bn
Activities on the Nigerian Stock Exchange (NSE) on Tuesday remained on a downward trend with the market capitalisation shedding N164 billion due…
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Development Goals in Nigeria The United Nations Development Programme (UNDP) has expressed concern over the possibility of Nigeria achieving the Sustainable Development…
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President Muhammadu Buhari on Tuesday forwarded a request to the National Assembly to approve external borrowing plan of $29.960 billion to execute…
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The National Industrial Court has fixed two days, Nov. 21 and Nov. 22, for First Bank of Nigeria Plc. to open its…
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Nigeria Finance Minister, Mrs Kemi Adeosun, has said that the Federal Government would maintain it’s over N6trillion national budget provisions in the…
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The Naira on Monday remained stable at the foreign exchange market as it maintained its rate of N305 to dollar achieved on…
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MTN Nigeria has attributed its 1.2 per cent revenue decline in the third quarter of 2016 to some of the regulatory challenges…
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Arik Air has said that it will increase its daily schedule flights to New York from thrice a week to daily. Mr…
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BusinessEconomyFinance
Multilateral institution to use creative financial instrument to attract funds to power and housing ——Adeosun
Minister of Finance Mrs Kemi Adeosun said yesterday at the ongoing IMF/World Bank annual meetings that some foreign investors have made commitment…
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Indication emerged weekend that contrary to claims made by the Chairman, ERISCO Foods Ltd., Chief Eric Umeofia, alleging lack of support by…
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BusinessEconomyFinanceNews
IMF to grant concessionary loans at zero interest rate to member countries
—-conditionalities are too tough to handle — Nigeria official Managing Director International Monetary Fund, Ms Christine Lagarde yesterday said that the board…