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Naira appreciates against Dollar’

By Amaka Ifeakandu Lagos Th e nation’s currency appreciated week-on-week in most foreign exchange market segments amid injections by the Central Bank of Nigeria (CBN) worth $195 million into the forex market. Th e apex bank allocated $100 million to ...

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Osinbajo hails AEA, BoI, others at MSMEs clinic

Osinbajo congratulates new Somalian president

By Adeola Tukuru Abuja Acting President, Professor Yemi Osinbajo, at the weekend lauded that Abuja Enterprise Agency, Bank of Industry (BoI) ,Standard Organisation of Nigeria(SON), Corporate Aff airs Commission (CAC) and other agencies for the tremendous improvement in the way ...

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Court remands ex-banker, hubby

By Patrick Ahanor Benin City A Benin High Court, presided over by Justice Ohimai Ovbiagele, has remanded former manager of the United Bank for Africa, Mrs. Florence Onome Odior, her husband, Sunday Odior and two others in prison custody for ...

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Ecobank makes full loan provision

By Amaka Ifeakandu Lagos Ecobank Transnational Incorporate (ETI) has taken a decision to completely clean its books of nonperforming risk assets in its legacy loan portfolio, and has made a provision of N221.7 billion in its 2016 audited accounts. Th ...

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Wema Bank reopens branch in Kaduna

Wema Bank Plc, has sustained its strategic expansion plan with the reopening of its branch in Kaduna. Th e branch was closed following the scaling down of the bank’s operations in 2009 in commencement of a turnaround plan which is ...

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Interbank rate jumps on cash shortage

Nigerian interbank lending rates rose by around 100 percentage points yesterday, as commercial lenders scrambled for cash to pay for bond purchases and cover their positions, traders said. Overnight lending rates rose to around 300 percent from 200 percent at ...

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Chairman of the Organising Committee for the 22nd World Conference of Banking Institutes Dr Segun Aina and President of Council Chartered Institute of Bankers during the 22nd World Conference of Banking

From left: Chairman of the Organising Committee for the 22nd World Conference of Banking Institutes, Dr Segun Aina, President of Council, Chartered Institute of Bankers of Nigeria (CIBN), Professor Segun Ajibola and immediate past President, CIBN, Mrs. Abosede Osibogun, during ...

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GT Bank wins big in CBN e-payment award

Guarantee Trust Plc scooped six awards at the 2017 Electronic Payment Incentive Scheme Awards organised by the Central Bank of Nigeria and the Nigeria Inter-bank Settlement System. Th e EPIS effi ciency award was established to reward and celebrate fi ...

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Equity Market declines by N 149bn

By Amaka Ifeakandu Lagos- Transactions on the fl oor of Nigerian Stock Exchange yesterday opened week in downward trend, dropping by N149 billion. Market Capitalisation of listed equities fell by 1.72 per cent to N8.507 trillion from N8.656 trillion. Also, ...

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CBN says SMEs funding gap now N9.6trn

Th e Central Bank of Nigeria (CBN) has stated that the funding gap in the small and medium enterprises (SMEs) sector is about N9.6 trillion Th e CBN, which expressed concern over the development, however said the federal government was ...

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