Ecobank post N50bn loss after writing off N221.7bn bad loans

19 April 2017

Ecobank Transnational Incorporated (ETI), on Tuesday cleaned its books of non-performing loans, by making a provision of N221.7 billion in its 2016 audited accounts.

The bank said that its...

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SHOCKING: Average Nigerian needs over 1,000 years to earn what a senator earns in a year

18 April 2017

The Economist magazine last year put together figures which suggest that an average Nigerian will live, work and die without earning what a senator earns in one year.

The figures were not...

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Pres. Buhari launches economic recovery growth plan

05 April 2017

President Muhammadu Buhari on Wednesday launched the Economic Recovery and Growth plan
appealing to State Governments to draw inspiration from the blueprint to articulate their economic... Read More...

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CBN issues licence to a development bank with N100bn capital base

31 March 2017

The Central Bank of Nigeria has approved the grant of a Wholesale Development Finance Institution Licence with national authorization to the Development Bank of Nigeria, DBN.

Minister of...

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CBN crashes the dollar further, issues fresh directives to banks

27 March 2017

The Central Bank of Nigeria has directed all banks to immediately begin sale of forex for Basic Travelling Allowance, Personal Travelling Allowance, Tuition and Medical fees to customers at not... Read More...

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kemi adeosun,

Finance Minister speaks on disbursment of Paris club refund

21 March 2017

The Minister of Finance, Kemi Adeosun, says the Federal Government has complied with all extant rules and regulations in the disbursement of the Paris club refunds to state governments.

In...

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Court reverses seizure of oil blocks from Shell, ENI

17 March 2017

The Federal High Court in Abuja has reversed itself on a January 26 ruling which retrieved the ownership of an oil block from 4  multinational Oil companies in Nigeria.

Justice John Tsoho,...

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NNPC still owe FG over $15bn - NEITI

15 March 2017

The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigerian National Petroleum Corporation (NNPC) is yet to remit 15.8 billion dollars collected from Nigeria Liquefied Natural... Read More...

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Etisalat in deep trouble as three banks get set for takeover

08 March 2017

Despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have... Read More...

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Just in 2 weeks, CBN pumps $1,138 billion into the forex market

08 March 2017

The Central Bank of Nigeria has credited commercial banks with $100 million for school fees, personal travel allowances (PTA) and medical bills abroad.

This fresh injection by the apex bank...

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