All posts tagged "featured"

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  CBN okays Wema Bank as FX Primary Dealer

  Following the recent commencement of trading on the Nigeria Interbank Foreign Exchange (NIFEX), and the announcement of the movement from the official exchange rate to a market-determined system, Wema Bank Plc has been appointed as one of...

  • Posted June 22, 2016
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  Gas supply projects delay ExxonMobil, Chevron, Totals’ power plants

  The delay in the construction of the multibillion dollar upstream gas supply projects to feed Chevron’s Agura Power Plant, ExxonMobil’s Qua Iboe Power Plant and Total’s Obite Power Plant has delayed the projects, which were conceived by...

  • Posted June 22, 2016
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  BoI, Abia Government float N1bn lifeline for SME operators

  The Bank of Industry (BoI) and the Abia state government have inked an agreement under a Memorandum of Understanding (MoU) to pump N1 billion into the Small and Medium Enterprise (SME) sector of the state. The fund...

  • Posted June 22, 2016
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  CBN clears $4.55bn in Spot and Forward trading as naira peg is lifted

  Trading took off under the new rules for the Nigeria Interbank Foreign Exchange (NIFEX) market monday, with the Central Bank of Nigeria (CBN) participating in spot and forward trading, where it met 100 per cent of demand...

  • Posted June 22, 2016
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  Financial institutions key to SDGs attainment – Minister

  Ahe Minister of Environment, Mrs. Amina Mohammed, has said that financial institutions are vital to the achievement of the Sustainable Development Goals over the next 15 years. She said sustainable development was about capital allocation and should...

  • Posted June 21, 2016
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  Retailers question dollar rents in Nigerian malls

  Retailers who operate in dollar-denominated malls across the country are questioning the development following the free fall of the naira in recent times. Prior to the announcement of a market-driven foreign exchange policy by the Central Bank...

  • Posted June 21, 2016
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  Nigeria’s economy attracts $77bn foreign investments in six years

  The Nigeria’s economy attracted $76.89 billion foreign investments between 2010 and 2015 just as analysts have said the new flexible foreign exchange policy will boost foreign investments in the near term. Data sourced by THISDAY from the...

  • Posted June 21, 2016
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  Kano launches Anchor Borrowers Scheme to enhance rice production

  Kano State Government on Thursday in Kano formally launched the state/CBN Anchor Borrowers Scheme in its efforts to diversify agricultural production for food security, job creation and economic diversification. The state Deputy Governor, Professor Hafiz Abubakar, who...

  • Posted June 21, 2016
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  CAP Plc records improved results, pays N1.645bn dividend

  Shareholders of CAP Plc, a  subsidiary of UAC of Nigeria Plc, are to receive a total dividend of N1.645 billion for the year ended December 31, 2015, following an impressive performance for the year. The dividend, which...

  • Posted June 21, 2016
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  Banking Index rises 11.9% as investors swoop on stocks

  Apparently aware of the positive impact the new foreign exchange (forex) policy of the Central Bank of Nigeria (CBN) will have on the performance of banks, some investors have increased demand for banking stocks. This development led to...

  • Posted June 21, 2016
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