The Central Bank of Nigeria (CBN) has promised to support banks to enable them give loans to players in the agricultural and manufacturing sector at a single digit interest rate. Addressing journalists on Thursday after the CBN Bankers’ Committee meeting, Ahmed Abdullahi, CBN director, banking supervision, said the loans will only be available for job […]
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Ethiopian Airlines says it is the front-runner to set up and manage Nigeria’s new national carrier, Nigeria Air. “We are among a small group with an interest in establishing a national carrier (in Nigeria)…we do not know the results (of the tender), though we are frontrunners,” The Ethiopian Airline Chief Executive Tewolde Gebremariam told a […]
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The Naira on Wednesday lost one kobo to exchange at N358.4, weaker than N358.3 traded on Tuesday at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro traded at N484 and N414. At the Bureau De Change (BDC) window, the Naira closed at N360 to the […]
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Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings […]
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The construction of the 650,000 barrels of crude oil per day by Dangote Refinery is expected to help Nigeria save over N2.7 trillion ($7.5 billion) through import substitution. The project, will put Nigeria on the global map as major oil and gas hub in Africa, the Group Executive Director, Devakumar Edwin has hinted. Nigeria currently […]
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The World Bank on Friday expressed its willingness to provide technical support to Nigeria in critical areas to facilitate the country’s economic growth and development. The bank’s Vice President for African Region, Mr Hafez Ghanem said this in a statement issued by Mr James Akpandem, Special Adviser to the Minister of Budget and National Planning […]
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday expressed worries over the looming fuel scarcity in Ibadan due to non-availability of the product at the depot. In a statement issued in Lagos, Alhaji Raheem Tayo, the Ibadan Chapter IPMAN Chairman, said that the association was worried that the situation had persisted in spite […]
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Red Star Express Plc, a leading logistics Company, has released its audited reports for the financial year which ended March 31, 2018, showing a rise in turnover to N8.4 billion from the N7.3 billion the previous year. The additional revenue growth was as a result of new business initiatives and expansion currently being driven by […]
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If you worry that you, or your children, spend too much time on social media, worry no more as Facebook and Instagram on Wednesday said they want to help you take control. In a statement, the social media giants — which are both owned by Facebook — announced: “new tools to help people manage their time” spent on […]
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Pan-African Financial Institution, United Bank for Africa (UBA) who recently clinched the Euromoney awards as the Best Digital Bank in Africa, is once again asserting itself as a pace setter, moving in leaps and bounds in unchartered territory. UBA’s chat banker, Leo has launched in pilot mode on WhatsApp and will be fully available to […]
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