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The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reiterated that Ecobank remains the gateway financial institution for African regional trade. Akinwuntan who was speaking at the Ecobank Digital Series virtual Africa Trade Conference 2020 titled: ‘Facilitating Regional Trade in the emerging AfCFTA Era’ maintained that Ecobank, the pan – African bank was set up to …
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The candidate of the Peoples Democratic Party (PDP) in the Ondo State Governorship election, Eyitayo Jegede (SAN) has downplayed talks of zoning the post, insisting that “power is not by inheritance.”“It is not turn by turn; it is about democracy. It is about the choice of the people,” Jegede who is from Ondo Central zone, …
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The Monetary Policy Committee of the Central Bank of Nigeria, CBN, today at the end of its meeting in Abuja, reduced the MPR by 100 basis points from 12.5 percent to 11.5 percent and adjusted the asymmetric corridor from +200/-500 basic points to +100/-700 basis point around the MPR. Reading the Communique at the end …
GT Bank Plc, a Nigerian first tier lender, sustained its efficiency leadership in the first half of 2020 recording the least costs to income ratio , a yardstick of efficiency.. The bank recorded a 43 % cost to income ratio followed by Stanbic IBTC bank with 45.2 % while Zenith Bank came third with 54.2 …
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…As Reps Assures of Speedy Passage of PIBThe Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has said that the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector.Mallam Kyari, who stated this while playing host to members of the …
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The federal government on Tuesday said there was no hidden agenda pertaining to the water resources bill being considered in the National Assembly. Some groups, including the Nigeria Labour Congress, have called for the bill to be rejected. Nobel laureate, Wole Soyinka, has also been quoted as saying the country will be doomed if the …
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The federal government has commenced visa processing on a reciprocity basis for applicants from countries that have reopened their international airspace and have begun issuing visas to Nigerian applicants. The Consulate General of Nigeria in South Africa confirmed this development in a statement issued yesterday, saying the federal government has granted payment waivers to certain …
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The Bell 206-B3 helicopter with registration marks 5N-BW, which crashed in the Ikeja area of Lagos state on August 28, came down due to inadequate fuel in its tank. According to a 15-page report released by the Accident Investigation Bureau (AIB) on Monday, initial findings include that the helicopter had a valid certificate of …
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Declining export receipts from oil and speculative activities of the Bureau De Change (BDC) operators among other challenges of the COVID-19 pandemic on the economy will put more pressure on the naira. The Central Bank of Nigeria (CBN) said this in its report on ‘Monetary, credit, foreign trade and exchange policy guidelines for fiscal years …
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The Vice President, Prof. Yemi Osinbajo, on Monday, said the problems associated with Nigeria’s refineries would persist if the Federal Government continued to own and run them. Osinbajo said this at a virtual meeting organised for the All Progressives Congress (APC) social media bloggers and influencers at the APC National Secretariat, in Abuja. He said …
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