BUSINESS

Financial sector lost N2.19bn to fraudsters in 2016

The nation’s financial sector lost N2.19 billion to fraudsters in 2016, according to Annual Report of the Nigeria Electronic Fraud Forum (NeFF), released in Abuja. According to the report, the actual money lost to fraudsters is slightly less than the ...

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CBN injects $482.6m into forex market

The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million in the first trading day after the democracy day celebrations. This is coming at a time when the country’s reserves is ...

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Osinbajo signs two new laws to allow affordable credit facilities, SEE NEW COLLATERAL

Nigeria’s Acting President, Prof Yemi Osinbajo has signed two new laws that would help facilitate access to more affordable credit facilities for businesses in the country. In a statement released on Tuesday, Laolu Akande, Osinbajo’s spokesman, listed the acts to ...

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AMCON recovered N134 billion in 2016 — MD

Ahmed Kuru, the Managing Director of the Asset Management Corporation of Nigeria, AMCON, on Friday said the agency recovered N134 billion loans in the 2016 financial year. Speaking on the performance of the company in 2016, Mr. Kuru said, “In ...

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Why Made-in-Nigeria will give small businesses a boost

Nigerian Federal Government should be commended for putting the spotlight on local manufacturers through initiatives such as the Made-in-Nigeria Dress Days and an Executive Order compelling state agencies to direct at 40% of procurement to Made-in-Nigeria goods and services. That’s ...

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OPEC admits Equatorial Guinea as member

Africa’s third-biggest oil producer, Equatorial Guinea, has been accepted as a new member of the Organisation of the Petroleum Exporting Countries (OPEC), Reuters reports on Thursday. Equatorial Guinea said in January it was seeking to become OPEC’s 14th member and ...

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PENGASSAN lauds FG efforts to sustain refineries

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has commended the Federal Government for its effort  to ensure that the four refineries in the country function at optimal capacity. The President of the association, Mr Francis Olabode, ...

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UBA Puts Customers First, Introduces World Class Mobile Banking App with Lots of Features

In demonstration of its commitment to deliver superior and innovative banking solutions to its customers, pan African financial institution, United Bank for Africa Plc, has announced the launch of a brand new mobile banking application with many user friendly features. The ...

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S&P assigns ‘B/B’ ratings and stable outlook on UBA Plc; at par with the Nigerian Sovereign

International Rating Agency, Standard and Poor’s (S&P) assigned  its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for ...

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Female Entrepreneurs Benefit From Access Bank’s Womenpreneur Series in Kaduna

In furtherance of its commitment to empower female entrepreneurs across Nigeria Access Bank has extended its Womenpreneur Business Workshop to Kaduna State. To give the women in Kaduna a professional business capacity-building experience, Access Bank’s W Academy partnered with the ...

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