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Non performing loans in banks drop by 41%—NBS
National Bureau of Statistics has said that banking industry witnessed a significant 41 per cent drop in non-performing loans (NPLs) last year. According to the NBS’s…
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Nigeria tells oil, gas companies to cut staff in pandemic fight
Nigeria’s Department of Petroleum Resources ordered oil and gas companies on Thursday to reduce their workforce and practice social distancing, tightening measures…
NIMASA to energise blue economy for more investment—Dakuku
From left : Acting Head, Consumer Banking, Ecobank Nigeria, Ayodele Osolake; Chief Financial Officer, Ecobank Nigeria, Ibukun Oyedeji; Executive Director, Commercial Banking,…
Reopen borders in interest of ECOWAS Mahama tells FG
Former Ghanaian President Dramani Mahama has asked the Nigerian authorities to open its borders in the interest of ECOWAS. He said the…
IMF/World Bank Annual Meetings in pix
From left: The Minister of Finance, Mrs. Zainab Shamsuna Ahmed, the Managing Director of the International Monetary Fund, Kristalina Georgieva and the…
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President Africa Finance Corporation joins Aker Energy’s Board
Aker Energy and Africa Finance Corporation said that Mr. Samaila Zubairu has been appointed as Vice Chairman of Aker Energy Board of…
Over 30m jobs available for Nigerians – Report
A research by Nexford University shows that over 30 million job vacancies are available for Nigerians. Vice-President of Academic Innovation at the university,…
Update on Recapitalization of Insurers and Reinsurers.
Further to the circular issued by NAICOM on May 20, 2019 increasing the paid up share capital of Insurers and reinsurers in…
MasterCard foundation set to empower youths
The Mastercard Foundation today announced Young Africa Works in Senegal, an initiative that aims to enable three million young people to access…
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Shareholders lost N28bn as NSE opens trading with 0.21% decline
The Nigerian Stock Exchange (NSE) reopened for the week on a bearish trend, amid persistent sell pressure. Specifically, the All-Share Index dipped…
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FCMB engages Entrepreneurs in Oyo State, extends free business finance training
Hundreds of existing and start-up entrepreneurs based in Oyo State have benefitted from the seventh edition of the First City Monument Bank…
Stakeholders demand NSE release names of brokerage firms involved in MTN selling, buying of shares
Shareholders and other stakeholders in the Nigerian Capital market are demanding that the list of all brokerage firms that handle the buying…
CBN reduces monetary policy rate to 13.5%
Monetary Policy Committee of the Central Bank of Nigeria, CBN, on Tuesday reduced the Monetary Policy Rate from 14 per cent to…
Enugu Chambers of Commerce urges FG to sign African Free Trade Agreement
Enugu Chambers of Commerce and Industry has urged the federal government to consider signing the African Free Trade Agreement. Mr Emeka Okereke,…
FG plans VAT increase to meet workers minimum wage demand
Indication emerged that the Federal Government of Nigeria plans to increase Value Added Tax by 50 per cent to pay the new…