Nigeria
What N1.4trn CRR deduction by CBN means for banks
The Central Bank of Nigeria (CBN) has deducted a whopping N1.4 trillion from the banking sector’s Cash Reserve Requirement (CRR)...
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Dollar sells for N450 in parallel market
The dollar sold for N450 in the parallel market on Friday, showing a shallow and dry reflection of the foreign...
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Transactions on CBN’s I & E Window Hit $171bn
The cumulative transactions on the Investors and Exporters’ (I&E) foreign exchange window of the Central Bank of Nigeria (CBN) have...
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Dwindling economic fortunes, rising COVID-19 cases depress NSE’s index by 1.41%
Despite buying interest in some bluechip, the dwindling economic fortunes triggered by the rising cases of COVID-19 in Nigeria have...
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COVID-19: Oyo to return 1,800 bags of rice donated by FG
The Oyo State Government on Friday indicated that it might return the 1,800 bags of rice donated to the state...
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Falling Oil Price Drowns Nigeria’s Independent Producers
The unprecedented oil price slump is destroying Nigeria’s independent crude producers, who pump about a fifth of the nation’s supply...
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WHO appoints Nigeria’s Okonjo-Iweala as COVID-19 Special Envoy
The World Health Organisation (WHO) on Friday named former Minister of Finance, Dr. Ngozi Okonjo-Iweala, as a Special Envoy for...
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Insurers raise health workers’ compensation, estimate N11bn liabilities
The Nigerian insurers have raised the compensation they promised to pay each of the pharmacists and nurses who die while...
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COVID-19: Governors Want Lockdown Relaxed, Endorse Partial Restriction
•Cases hit 1095 •NCDC: Nigeria still in danger zone, some states yet to submit samples for testing •Frontline workers get...
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FG explains why lockdown can’t be relaxed as cases hit 1,095
The Federal Government, through the Nigeria Centre for Disease Control, has explained why the lockdown measure should not be relaxed...
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N50bn CBN loans to SMEs, others end 2024
The Central Bank of Nigeria has set December 31, 2024 exit date for its intervention loans to the Small and...
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FBNQuest Records N4.2bn Profit
FBNQuest Merchant Bank Limited has declared a profit before tax (PBT) of N4.15 billion for the year ended 31st December...
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Dangote Cement Raises N150bn as Bond Offer Records Oversubscription
Dangote Cement Plc has raised a total N150 billion in its debut bond issuance in the nation’s capital market. The...
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MTN Group to reduce stake in Nigeria
MTN Group Ltd will push on with the plan to reduce its majority stake in the wireless carrier’s business, it...
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Stock market indices slump by N162b amid losses in bellwethers
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), closed on a downward note yesterday, occasioned by losses...
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Panic as 40 health workers test positive for coronavirus
• FG vows to fight maltreatment of Nigerians in China • Tests average of 600 samples daily • Hope rises...
Read moreUPDATED: Nigeria records 108 new COVID-19 cases, total now 981
The Nigeria Centre for Disease Control has announced 108 new confirmed cases of coronavirus in the country. This brings...
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Subscribers Sustain Strong Appetite at April FGN Bond Auction
Investors again demonstrated a strong appetite for the FGN bond at the April auction, which was conducted on Wednesday, despite...
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COVID-19: Rosabon offers Q2 Treasury Note at 16.5%
Rosabon Financial Services has offered for subscription, its second quarter Treasury Note of up to 16.5 percent as part of...
Read moreGovs agree on two-week inter-state lockdown, Kano stops tests
The Minister of Health, Dr Osagie Ehanire, on Wednesday, explained why the molecular laboratory in Kano suspended testing for COVID-19....
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Wema Bank Posts 56% Profit Growth in 2019
Wema Bank Plc has released its audited financial results for the year ended December 31, 2019, which showed that its...
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Nigeria posts $434.85m crude oil export sales
Nigeria recorded crude oil and gas export sale of $434.85million in January, an increase of 94.30 per cent pitched against...
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‘Government should introduce petrol consumption tax to mitigate recession’
Despite concerns about the utilisation of taxes in Nigeria, as well as the dwindling purchasing power of many Nigerians, a...
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Nigeria’s Bonny Light sells below $10 as demand slumps
Nigeria’s premium grade, Bonny Light may continue to sell below $10 per barrel due to big discount on prices as...
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Q1: GTBank Records N113bn Revenue, N50 Profit After Tax
Guaranty Trust Bank (GTBank) Plc wednesday made public its unaudited financial results for the first quarter (Q1) ended March 31,...
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