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 experiencing a steady and gradual decline. A statement issued by Isaac Okorafor, acting director, CBN […]
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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 include the Secured Transactions in Movable Assets Act, 2017 (otherwise known as Collateral Registry Act) […]
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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 2016, our total recovery was N134 billion. Not all of them are cash. N86.9 billion […]
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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 according to Magnus Nmonwu, Regional Director for Sage in West Africa, who says a strong […]
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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 the sixth from Africa, an addition that would help raise the continent’s influence and profile […]
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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, made the commendation on Wednesday in Yola while addressing the 5th PENGASSAN Kaduna Zonal Terminal Delegates […]
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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 new mobile app which comes with the biometric log-in feature for secure, personalized access is […]
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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 Africa (UBA) Plc, are at par with S&P ratings on the Nigerian Sovereign. More so, […]
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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 Enterprise Development Centre (EDC); the Entrepreneurship arm of Lagos Business School to drive this workshop. […]
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Foreigners seeking Visa to Nigeria can now get it within 48 hours, according to one of the three executive orders signed Thursday by Acting President Yemi Osinbajo, SAN, The signing was the climax of the Presidential Enabling Business Environment Council (PEBEC) meeting at the Conference Hall of the Presidential Villa meant to engage government officials […]
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