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Naira hits new low at unofficial market
No Comments 410 Views | by nadum
Nigeria’s naira fell 1.5 percent to a new low of 265 to the dollar on the unofficial market on Wednesday after the central bank rationed dollar supplies this week, traders said. Read More…
Money Market Awaits N890 Billion Liquidity Inflow
No Comments 338 Views | by nadumA total inflow of about N890 billion is expected to hit the money market from the various maturing government securities and Federation Account Allocation Committee (FAAC) this month, a report by FSDH Merchant Bank Limited has revealed. Read More…
FG Unbundles PIB, New Draft Splits NNPC
No Comments 497 Views | by nadum
The federal government is breaking up the Petroleum Industry Bill (PIB) that has been stuck in parliament for years, replacing it first with a law to overhaul the state sector which aims to close loopholes that create avenues for rent seeking, according to a draft seen by Reuters. Read More…
How Nigeria can resolve power problems, by Okonjo-Iweala
No Comments 341 Views | by nadum
Former Minister for Finance and Coordinating Minister of the Economy Dr. Ngozi Okonjo-Iweala has said the solution to Nigeria’s power problem lies in off-grid initiatives that are climate friendly. Read More…
Our 180 Millionaires Promo’ll Provide Customers Opportunity Of A Life Time – Dangote
No Comments 308 Views | by nadumDangote Industries Limited, yesterday, said its promo of 180 millionaires in 90 days would provide no fewer than 3,783 customers across the country the opportunity of a life time. Read More…
Presidency dismisses PDP’s insinuation over meeting with INEC, police
No Comments 338 Views | by nadumTHE Presidency says President Muhammadu Buhari’s meeting with the Independent National Electoral Commission (INEC) and the Police was geared towards ensuring credible governorship elections in Kogi and Bayelsa states. Read More…
Akwa Ibom Screens 60 Enterprises For BoI Loans
No Comments 317 Views | by nadumThe Akwa Ibom Investment Corporation (AKICORP) says it has screened and prequalified 60 small and medium scale enterprises for loans from the Bank of Industry (BOI). Read More…
NAICOM Approves Financial Returns Of 46 Companies
No Comments 348 Views | by nadumForty-Six insurance companies have escaped sanctions as prescribed by the insurance Act over late or non-submission of financial returns. Read More…
Fund Hits $200m For Investments In Africa
No Comments 290 Views | by nadumThe African Renewable Energy Fund has reached its final close at its target of $200 million of committed capital to invest in small-to medium-scale electricity generating projects, the African Development Bank (AfDB) has announced. Read More…
Euro Finance To Dedicate Session For Nigeria
No Comments 373 Views | by nadumThe German group is to dedicate a special session for Nigeria at the18th Euro Finance Week conference, under the patronage of the Minister of Finance, Federal Republic of Germany and Minister President of State of Hessen. Read More…
GCR Accords Custodian Life Assurance A-
1 Comment 669 Views | by nadumCustodian Life Assurance Limited has been assigned an A rating by Global Credit Rating Co, the world’s leading emerging markets focused ratings Agency. An A- Rating is indicative of strong financial security. Read More…
CBN Denies N25bn Fraud In TSA Implementation
No Comments 334 Views | by nadumThe Central Bank of Nigeria (CBN) has defended the implementation of the Treasury Single Account (TSA) and dismissed allegations that Nigeria lost N25 billion to its implementation. Read More…
Glo empowers subscribers with Twin Bash promo
No Comments 362 Views | by nadumMobile network operator, Globacom has added more benefits to its data subscribers as it offered as much as four times the value of data they subscribed to and also give them free double airtime to call any network. Read More…