There are indications that some banks are not making adequate provisions for bad and doubtful loans in their books as mandated by…
Finance
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CENTRAL Bank of Nigeria, CBN, says it has in the past one year compelled erring banks to refund the sum of N17…
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BusinessEconomyFinanceNews
Central Bank of Nigeria Communiqué No. 97 of the Monetary Policy Committee Meeting, September 18-19, 2014
The Monetary Policy Committee (MPC) met on September 18 and 19, 2014 with all the 12 members in attendance. The Chairman welcomed…
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The Central Bank of Nigeria (CBN) ’s cashless initiative has received greater boost as a Lagos based company, 03 Capital Nigeria Limited…
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The Board of Directors of the Nigerian Security Printing and Minting, NSPM Plc, yesterday, announced the dissolution of the Executive Management of…
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The cashless policy received a boost last week with the announcement of a partnership between National Identity Management Commission (NIMC) and Unified…
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Infrastructure Concession and Regulatory Commission (ICRC) said lack of continuity in governance and unacceptability of Public-Private-Partnership (PPP) as procurement alternative were major…
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The Managing Director, Nigeria Export Import Bank (NEXIM), Mr Robert Orya has said that Nigeria had shifted from exporting raw materials to…
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The African Development Bank (AfDB) has said that more than 57 per cent of the people in West Africa are without access…
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Market Cap (N’bn) 13,650.19 Market Cap (US$’bn) 84.13 NSE All-Share Index 41,339.48 Daily Performance %…
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The Board of United Bank for Africa Plc (UBA) Monday named Mr. Tony O. Elumelu, C.O.N. as Chairman to succeed Ambassador Joe…
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The Federal Government and the Financial Regulatory Authority may tap into the G-20 proposal that will require the top banks in the…
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BusinessEconomyFinanceNewsStock Market
AMCON to sell off shares as stock market recovers N8.5 trn in 5 yrs
THE Asset Management Corporation of Nigeria, AMCON may have begun to offload some of the shares it acquired from the non-performing loans…
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Maya looked on admiringly as the shark swam majestically. Then it turned and started swimming towards her. The shark’s eyes locked with…
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BusinessEconomyFinanceNews
New requirement for BDCs: CBN’s silence occasions apprehension in forex market * 2,385 BDCs meet new requirements
There is widespread apprehension in the foreign exchange market following the continued silence of the Central Bank of Nigeria (CBN) on the…