News
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NNPC obtains circa US$1B to fund Upstream Operations of NPDC
The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of…
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NAIRA STRENGTHENS AGAINST DOLLAR
Speculators in Nigeria’s foreign exchange market are set to count huge losses as the Naira continues to surge against the…
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Half Year 2020 : GTBank Profit before Tax Records ₦109.7Billion
Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2020 to the…
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UBA HALF YEAR RESULTS : CEO DEFENDS PROFIT DROP
Commenting on the results, UBA’s Group Managing Director/Chief Executive Officer, Mr. Kennedy Uzoka said “Our 2020H1 results is yet another…
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HALF YEAR 2020 : UBA PROFIT AFTER TAX SLUMPS
The United Bank for Africa has caved in to the forces of covid 19 and economic headwinds as its profit…
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CBN Sets Savings Deposit Rate At Minimum 10% Of MPR
The Central Bank of Nigeria (CBN), directed on Monday, that with effect from September 1, 2020, interest rates on Naira…
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CBN authorises Payment Service Banks to sell forex
The Central Bank of Nigeria (CBN) has authorised Payment Service Banks (PSBs) to sell foreign currencies (forex) realised from inbound…
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In panic, forex speculators prepare to dump dollars
Forex speculators are apprehensive that a slew of circulars issued by the central bank during the week could lead to…
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Buhari approves transfer of NIMC to Federal Ministry of Communications and Digital Economy
President Muhammadu Buhari has approved the Transfer of National Identity Management Commission (NIMC) to the Federal Ministry of Communications and…
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Nigeria has also taken steps that affected us, Ghanaian minister replies Lai
The government of Ghana has pledged to work with the federal government to address the allegations of ill-treatment of Nigerians…
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