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The Central Bank of Nigeria (CBN) plans to raise a total of N1.809 trillion from the debt market, in the first quarter (Q1) of 2019. This is according to data contained in the Nigerian Treasury Bills Issue Programme for the first quarter of 2019, posted on the bank’s website on Tuesday. The apex bank said it would raise N823.43 billion from rollover programmes ...
Business
January, 2019
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10 January
Air Peace Crew Foils Attempt To Traffic Three-Day-Old Baby
An Air Peace all-female crew on Sunday frustrated an attempt by a middle-aged woman and her collaborators to traffic a three-day-old baby boy from Port Harcourt Airport to Lagos. Chris Iwarah, Corporate Communications Manager, Air Peace, confirmed the development in a statement issued on Wednesday in Lagos. Iwarah said the vigilant crew was made up of Captain Sinmisola Ajibola, Senior ...
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10 January
Zenith Bank’s MD states 2019 plans
Nigeria’s tier-1 bank, Zenith Bank Plc, has announced that it plans to intensify effort in the area of retail banking this 2019, by lending more to SMEs and households; albeit at affordable interest rates too. The company’s Chief Executive Officer, Mr. Peter Amangbo, who made the disclosure yesterday in Lagos, emphasized that the bank is really determined to increase in its loan ...
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10 January
Echoes of ‘Style by Zenith’.. Good Music, valuable Shopping & best of food
It was all round fun as 2018 comes to a close..Access to a wide variety of lifestyle products and services along with quality discounts for people that make payment using Zenith Bank cards, Scan to Pay or .966# on POS…Play area for children with age-appropriate…Entertainment Runway model display..Performances by Nigerian artistes. The two-day fair is a potpourri of Lifestyle activities featuring runway ...
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10 January
Nigerian Breweries going down..? relegated by NSE over low demand
The Nigerian Stock Exchange (NSE) has relegated Nigerian Breweries from its special status of high-priced stock to medium-priced stock, after the leading brewers slipped below the requirement for continuing recognition as high-priced stock. In a circular, the Exchange indicated that the review of Nigerian Breweries price trade activity over the most recent six months provided the basis for the reclassification ...
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10 January
Access Bank’s share price dropping, may review downward terms with Diamond
The share price of Access Bank Plc has declined by 32.52 per cent since the bank confirmed its plans to merge with Diamond Bank Plc. The share price of the bank, which stood at N7.45 on December 14, 2018, gained 9.4 per cent to close at N8.15 on December 17, 2018, after the announcement of the proposed merger with Diamond ...
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10 January
Nigeria’s debt hits N22.43tn, domestic component 70.51%
Nigeria’s total debt now stands at N22.43tn, data obtained from the Debt Management Office have shown. According to the DMO, the nation’s total debt as of September 30, 2018, stood at N22.43tn. As of June 30, 2015, the country’s total debt stood at N12.12tn. This means that within the tenure of the present administration which came to power on May ...
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10 January
79 yr-old Westerhof wants to stop coaching at 81
Former Nigeria coach Clemens Westerhof says his age is no barrier to his desire to keep working in African football as he considers opportunities in Zimbabwe. The 78-year-old Dutchman coached Zimbabwe between 1998 and 2000 and worked in the Zimbabwean top flight at Dynanyoro in Harare. Westerhof, 78, masterminded Nigeria’s success in the 1990s, guiding them to the Nations Cup ...
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10 January
Dangote drops from $12.2bn to $10bn, still richest African..Adenuga is no 2
President of the Dangote Group, Aliko Dangote, and the Chairman of Globacom, Dr Mike Adenuga, top Forbes’ Africa Billionaires List released on Wednesday.However, Dangote saw his wealth drop by $2bn from $12.2bn in January 2018 to $10bn in 2019. But Dangote retained his position as Africa’s richest man for the eighth consecutive time. Adenuga, with interests in oil exploration and ...
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9 January
ASUU STRIKE HAS BEEN SUSPENDED!
The minister of labour and representative of ASUU have risen from a meeting.Both parties have agreed to put the on going ASUU strike on hold inorder to give the federal government time to sort out the subsidy issue with NLC. FG has agreed to meet some of ASUU’s demands.In the interim,ASUU has suspended its strike but vows to embark on ...
