All posts tagged "featured"

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  Analysts forecast wide gap of inflation increase in October

  Ahead of the release of consumer price index (CPI) data for October on Wednesday by the National Bureau of Statistics, analysts have projected that the gap of inflation increase would widen in the review month. The firms...

  • Posted November 14, 2016
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  Investors lobby FG to access N5.96tn pension funds

  Some investors, who have been unable to access part of the growing pension funds through operators of the Contributory Pension Scheme, are now lobbying the Federal Government to get guarantees for the funds, Sunday Punch has learnt....

  • Posted November 14, 2016
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  FG saves N48bn from Treasury Single Account

  The implementation of the Treasury Single Account by the Federal Government has resulted in a monthly savings of N4bn in cost of funds such as bank charges, accounts maintenance cost and others imposed by Deposit Money Banks....

  • Posted November 14, 2016
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  Nigeria worries as oil prices tumble

  Fears about early resuscitation of Nigeria’s economy has heightened as oil prices tumbled at the global market on Friday by more than three per cent after the Organisation of the Petroleum Exporting Countries said October output reached...

  • Posted November 14, 2016
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  Interbank lending rate jumps to record high

  The overnight interbank lending rate soared to a record high of 128 per cent on Monday on naira cash shortages after commercial banks  funded their account with the Central Bank of Nigeria to participate in last Friday’s...

  • Posted October 19, 2016
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  ATM card suspension: Banks reject naira for visa payment

  Thousands of United Kingdom and Canadian visa applicants and intending travellers wanting to book hotels online were stranded on Monday as Deposit Money Banks stopped their naira debit cards from being used for dollar and other foreign...

  • Posted October 19, 2016
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  World Bank intervention in Nigeria’s agriculture hits $1.5bn

  The World Bank says the worth of its running projects in the Agriculture sector in Nigeria is 1.5 billion dollars. The Senior Chief Agric. Economist of the organisation, Dr Adetunji Oredipe, made this known to newsmen at...

  • Posted October 19, 2016
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  NSE index falls 0.8% as bears dominate trading

  The Nigerian Equities Market began the week on a bearish as the Nigerian Stock Exchange (NSE) All-Share Index declined by 0.81 per cent to close at 27,634.99, while market capitalisation ended at N9.492 trillion. Bears dominated the...

  • Posted October 19, 2016
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  Dollar scarcity: Banks suspend ATM card usage abroad

  Deposit Money Banks have begun suspending their Automated Teller Machine cards (debit and credit) from working overseas as dollar scarcity continues to hit the economy badly. Stanbic IBTC Bank, Standard Chartered Bank Nigeria and Guaranty Trust Bank...

  • Posted October 18, 2016
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  Naira to continue gain on dollar supply to BDCs

  The naira is expected to appreciate further this week following the Central Bank of Nigeria’s approval of dollar sale to Bureau De Change operators. The CBN has given approvals to First Bank of Nigeria Limited and Travelex,...

  • Posted October 18, 2016
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