NNPC has said that it has secured a $3 billion crude oil repayment loan from Cairo-based Afrexim Bank that will support the…
Category:
Finance
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The bears continued to dominate the domestic bourse as the NGX All-Share Index (ASI) extended losses by 0.43% to settle at 64,928.98…
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FinanceNews
Ecobank to promote ease of cross-border business through foreign currency transfer on its mobile, Omnilite Apps
Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease…
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Opening the week, the NGX All-Share Index relapsed by 0.18% to close at 65,210.49 points. Selloffs in Tier-1 banking names ZENITHBANK (-2.57%),…
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Central Bank of Nigeria CBN has said it will name and shamed bank invalid in foreign exchange round tripping. The apex bank…
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In the last trading session of the week, the local bourse ended the week on a positive note as the All-Share Index…
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FinanceNews
CBN report N65.6b operating surplus in 2022, releases audited accounts for last seven years
The Central Bank of Nigeria (CBN) recorded operating surplus of N65.63 billion in 2022 financial year, a growth from N31.04 billion profit…
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Domestic equities bounced back today from losses earlier in the week, as the benchmark All-Share Index increased by 1.62% to close at…
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Access Bank Plc has instituted a bankruptcy court action against the co-founder of Seplat Energy, ABC Orjiako. Access Bank also obtained an…
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First Bank of Nigeria (FBN) Holdings says it has not received any court order stopping it from holding its 11th Annual General…
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Nigeria attracted inflows of $1.41 billion into its currency market in June, the central bank has said, after it scrapped a multiple…
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Bearish sentiment extended in today’s trading session as the All-Share Index closed 1.75% lower to settle at 64,167.39 points, marking its second…
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Today, the bears dominated the domestic bourse as the NGX All-Share Index (ASI) slipped by 0.04% to settle at 65,309.65 points. The market’s…
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Ratings agency Moody’s on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will likely be tested by…
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United States of America banking industry are on a war path with regulators over what they consider most disruptive new capital, including…