Nigeria
Access Bank Set to Acquire Kenyan Bank
Access Bank is set to acquire the Transnational Bank Limited of Kenya. The deal, which comes exactly seven months after...
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Pursue impact, not just reforms, World Bank tells Nigeria, others
Nigeria, as the biggest Economy in Sub-Saharan Africa, alongside others, have continued to improve their business climates, but needs to...
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SERAP seeks details of failed $460m CCTV contract, Chinese loans
Socio-Economic Rights and Accountability Project (SERAP) has sent a Freedom of Information (FoI) request to the Minister of Finance, Budget...
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Domestic bond subscribers get N190bn in four months
Investors that subscribed to domestic bonds issued by the Federal Government earned about N190bn as interest within a three-month period...
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We’ve automated all tax processes – Fowler
The Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler, has said that improvement in revenue collection in the country over...
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9 months results: 7 banks gross N547bn profit
A breakdown of the cumulative nine months’ results of the seven banks that have so far submitted theirs to the...
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Equities extend losing streak amid mixed earnings, sentiments
Nigeria’s equities market extended its decline following mixed earnings reports and continued risk-off sentiments, causing the composite All-Share Index (ASI)...
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Fund Managers Face Tough Investment Choices over OMO Restriction
The decision by the Central Bank of Nigeria (CBN) to restrict individuals and local firms, non-bank financial institutions inclusive, from...
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Nigeria to import doctors from Europe, United States
Health Minister Osagie Ehanire said yesterday that Nigeria would employ the services of medical experts from Europe and America. The...
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FIRS generated N4tn in nine months — Fowler
The Federal Inland Revenue Service on Thursday said it collected the sum of N4.01tn in the first nine months of...
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MTN plans stakeholders’ talks over USSD dispute
MTN Nigeria says it is ready to engage with stakeholders in the industry to find a solution to the USSD...
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Uzoka Named ‘Bank CEO of the Year’
Mr. Kennedy Uzoka, the Group Managing Director/Chief Executive Officer of Pan African financial institution, United Bank for Africa (UBA) Plc...
Read moreCBN to auction N93.13bn treasury bills
The Central Bank of Nigeria is billed to auction N93.13bn worth of treasury bills in a Dutch auction at the...
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Stock market reverses gaining streak as index slumps 0.2 per cent
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), reversed previous gains to close on a downward note...
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Imported personal item above N50,000 attracts duty, says Customs
Nigerian travellers who takes pleasure in buying personal items should be wary of the price henceforth, as the Nigeria Customs...
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Petrol subsidy rises by N58.6bn in one month
The amount spent on fuel subsidy by the Nigerian National Petroleum Corporation increased by N58.6bn within one month, the latest...
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2020 Budget: FG Proposes N15bn for Group Life Insurance of MDAs
The federal government has proposed N15 billion for payment of group life insurance of its employees. The proposal was contained...
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CBN,15 banks inject N228 billion into AMCON
HE Central Bank of Nigeria (CBN) and 15 commercial banks have injected N228.28 billion into the Asset Management Corporation of...
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First Bank profits up 15.3 % in Q3
FBN Holdings Plc has announced its unaudited results for the nine months ended 30 September 2019, with profit after tax...
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My investments meant to tackle poverty – Dangote
The Chairman of Dangote Cement Plc, Aliko Dangote, has said that he will continue to help in alleviating poverty and...
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Senate seeks probe of CCB contractor over N1.5bn abandoned project
National Assembly Joint Committee on Ethics, Privileges and Public Petition yesterday asked anti-corruption agencies to investigate a contractor for abandoning...
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Foreign Investments in Equities Market Soar to N1.2tn
Foreign transactions in the Nigerian equities market soared by 97.88 per cent from N616 billion to N1.219 trillion in the...
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NDIC: Savannah Bank Remains Licenced to Operate
The Nigeria Deposit Insurance Corporation (NDIC) has insisted that the defunct Savannah Bank remains a bank with operational licence even...
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NSE lists Union Bank’s N30bn bonds
The Nigerian Stock Exchange has listed Union Bank of Nigeria Plc’s N30bn10-Year bond. The NSE said in a notice that...
Read moreNNPC remits N729.3b, N602.3b to Federation Account
The Nigerian National Petroleum Corporation (NNPC) said it remitted N729.3billion and N602.30billion to the Federation Accounts and Joint Ventures (JV)...
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