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Saturday , 26 May 2018

Business

Forex: CBN intervenes with another $210 million

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. In its quest to meet customers’ needs in the various segments of the market, the CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) ...

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UBA to reward loyal customers in ‘Refer-a-Friend’ campaign

Pan-African Financial Services Institution, United Bank for Africa (UBA) Plc will be rewarding its loyal customers who refer friends and family to the bank in its new diaspora campaign. The campaign is designed to reward customers of the bank who refer their Diaspora friends/relatives to open a UBA account. Specifically, this campaign will last for three months and the bank ...

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CBN retains rates, worries over elections spending, budget

Worried by expected high election spending and capital releases from the 2018 budget to be signed by President Muhammadu Buhari soon, the Central Bank of Nigeria has retained interest rate benchmark at 14 percent to mitigate the impact on inflation. The CBN Governor, Mr Godwin Emefiele, made this known after the two-day meeting which was held by the committee in ...

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Zenith bank consolidates as one of the least volatile banking stocks

Zenith Bank has maintained the number four position attained last week to consolidate its place as one of the least volatile banking stocks on the Nigerian Stock Exchange (NSE) according to data compiled by Independent Business and Market In,telligence Unit (BMIU). Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to ...

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Zenith bank gets kudos from Deutsche Bank

Deutsche Bank has announced the winners of its 2017 Awards for Excellence in Cash Management and Trade Finance in Nigeria. The winners were recognised on May 16 at a gala dinner at The Wheatbaker Hotel in Lagos. The award recognises those institutions that deliver outstanding quality in payment efficiency. The nominated banks successfully implemented an STP rate of over 99per ...

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FG uncovers 2018 FIFA World Cup scam

The Federal Government has raised the alarm over underhand dealings in the mobilisation of Nigerians for the 2018 FIFA World Cup holding in Russia next month. Minister of Youths and Sports, Solomon Dalung, yesterday informed President Muhammadu Buhari about such dealings which, he said, included human trafficking and racketeering. Addressing State House correspondents after the meeting, Dalung said the situation, ...

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‘Nigeria cannot grow with its current low debt’

 Barr Jimoh Ibrahim, on the sidelines of the 2018 Spring meetings of the International Monetary Fund in Washington DC,call for the removal of tax incentives and Nigeria’s debt level. Except: The rising debt profile in Africa and other parts of the world was a dominant issue discussed at this year’s Spring meetings of the IMF. Are you not worried about ...

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Why Chelsea owner Abramovich missed FA Cup final

Russian state media on Sunday cited an unconfirmed report that Chelsea football club owner Roman Abramovich’s British visa has run out, while his spokesman declined to comment. Russian state news agency TASS and other media picked up a report on The Bell website, which said an acquaintance of Abramovich and two in his inner circle had told it the billionaire’s ...

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UBA Empower Students With ‘UBA Learn’

United Bank for Africa(UBA) has introduced a unique and innovative product, called ‘UBA Learn’ targeted at helping students achieve all round academic success.  The Product, an online Learning Platform for students powered by Roducate, was launched yesterday, May 17, 2018 with particular emphasis on helping students within the age range of 5-16years and 17-24 attain academic excellence, while ensuring that the parents and teachers ...

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Iniesta set for Man City move

Andres Iniesta is being lined up to replace Mikel Arteta at Manchester City. The Barcelona legend is Pep Guardiola’s number one choice to fill the void left by Arteta who is expected to be confirmed as Arsenal manager later this month. Iniesta, 34, is considering a player-coach offer at the Premier League champions where he would link up with his ...

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