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September 19, 2019
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FG Approaches World Bank For Fresh $2.5bn Loan

FG Approaches World Bank For Fresh $2.5bn Loan

The World Bank has said that it is in talks with Nigeria for a fresh loan of $2.5bn. This is despite a $2.4bn loan obtained by Nigeria in 2018. The Vice-President for the African division…

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Just In: Reps To CBN: Put Cashless Policy On Hold

Just In: Reps To CBN: Put Cashless Policy On Hold

By Augustine Akhilomen The House of Representatives has ordered the Central Bank of Nigeria (CBN) to halt the planned cashless policy. The motion which was moved by the Spokesman of Nigeria Federal House of Representatives,…

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CBN To Increase Charges On PoS Transaction

CBN To Increase Charges On PoS Transaction

The Central Bank of Nigeria has directed the strict implementation of Merchant Service Charge, which would impose more charges on all point of sale (PoS) transactions. This is coming few days after the apex bank…

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FG Imposes Charges On Cash Deposits, Withdrawals

FG Imposes Charges On Cash Deposits, Withdrawals

The newly introduced charges on bank deposit by the Central Bank of Nigeria (CBN) is expected to kick off today. According to the new policy, bank customers making cash deposits or withdrawals will pay charges…

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OPEC Members Iraq, Nigeria Agree To Cut Oil Output

OPEC Members Iraq, Nigeria Agree To Cut Oil Output

OPEC agreed on Thursday to trim oil output by asking over-producing members Iraq and Nigeria to bring production in line with their targets as the group strives to prevent a glut amid soaring U.S. production…

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Insecurity: Transactions Drops Further By N20bn On NSE

Insecurity: Transactions Drops Further By N20bn On NSE

Transactions on the Nigeria Stock Exchange on Tuesday closed negative with a decline of N20 billion, extending bearish sentiment for the second day running. The News Agency of Nigeria reports that the market capitalisation shed…

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How Shell Loses N202m Daily To Vandals, Oil Thieves —GM

How Shell Loses N202m Daily To Vandals, Oil Thieves —GM

Shell Petroleum Development Company of Nigeria Joint Venture says it loses about N202 million daily in revenue to activities of criminals in the Niger Delta. The company attributed the loss to daily attacks on its…

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Access Bank’s First Post-Merger Hits N74.1bn, Declares 25k Interim Dividend

Access Bank’s First Post-Merger Hits N74.1bn, Declares 25k Interim Dividend

Access Bank Group’s audited H1 results released to the Nigerian Stock Exchange (NSE) on Thursday showed Gross Earnings of N324.4 billion, up 28% from N253.0 billion in the corresponding period of 2018. The growth in…

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Access Bank, LASG Launch N10billion Loan Facility For Women

Access Bank, LASG Launch N10billion Loan Facility For Women

By Augustine Akhilomen Africa’s largest retail bank, Access Bank Plc has collaborated with the Lagos State Employment Trust Fund (LSETF) to launch the LSETF W-Initiative aimed at economically empowering women in Lagos State. The initiative,…

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Xenophobia: Nigerians Berate Ezekwesili For Attending WEF

Xenophobia: Nigerians Berate Ezekwesili For Attending WEF

By Augustine Akhilomen Nigerians have condemned the decision of former presidential candidate of Allied Congress Party of Nigeria, ACPN, Oby Ezekwesili for attending the World Economic Forum meeting holding in South Africa despite call to…

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