First Bank in merger talks with local, foreign banks First Bank Plc may have opened merger talks with some other Nigerian and foreign banks ahead of the banking industry recapitalisation plan of the Central Bank of Nigeria…read more Oil crash: Nigeria may lose $8.63bn in six months Recession looms, say LCCI, PENGASSAN, NUPENG,…
Stock market falls further, investors lose N329bn Investors in the nation’s stock market lost N329bn at the end of trading on Monday following the commencement of an oil price war amid rising cases of coronavirus…read more Edo considers capital raise from stock market The Edo State Government has said it is planning to raise…
Access Bank Records N115bn Profit, Recommends 40k Final DividendAccess Bank Plc is still savoring the benefits of its decision to merge with former Diamond Bank Plc as the lender recorded improved performance in the year ended December 31, 2019….read more Power sector loses N117.8bn to gas shortage, othersBetween January 1 and March 6, Nigeria’s power…
Forex: Reps probe CBN, FIRS, others over $30bn leakage The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over alleged racketeering in the allocation of foreign exchange to companies…read more How 23 MDAs received N372bn for capital projects A total of 23 Ministries, Departments and…
Thursday, March 5, 2020 Blue-chip stocks push the market higher with N83bn gain The Nigerian stock market on Wednesday sustained the previous day’s positive sentiment with a 0.61 percent gain, following bargain hunting on blue-chip stocks…read more Lagos names FBNQuest financial adviser on debt capital FBNQuest Merchant Bank, the investment banking and…
Thursday, February 27, 2020 2019 debt servicing gulped N2.1tn — Investigation The Federal Government spent a total sum of N2.1tn to service the country’s debt obligations to local and foreign debtors between January and December 2019, statistics obtained from the Accountant-General of the Federation have revealed….read more. Dangote Cement reports…
Tuesday, February 11, 2020 Nigeria earned N1.17tn from VAT in 2019 – CBN Between January and December 2019, the Federal Government generated the sum of N1.17tn from Value Added Tax. When compared to the target of N1.7tn set by the Federal Government in the 2019 budget, the amount represents a shortfall of about…
Tuesday, February 4, 2020 Demurrage: Price increase looms, importers besiege SON The inability of importers to upload the Standards Organisation of Nigeria’s Conformity Assessment Certificate on the Nigeria Customs Service trade portal, for the purpose of getting the Pre-Arrival Assessment Report, has entered the third week and the development is causing panic….read more.…
There’s no need to bore you with the meaning of Valentine’s Day as we all know that it is a day of love; a day of romance; a day to show your loved ones how much you really love them, a day when lovers reaffirm love and genuine affection for one another through the exchange…
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