Tuesday, January 19, 2021

Monthly Archives: December, 2020

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Controversial FCMB MD, Adam Nuru in sex scandal

There are strong indications that controversial banker and Managing Director of First City Monument Bank (FCMB), Adam Nuru, will soon be swimming in the...

Buhari to sign 2021 budget on Thursday

Barring any last minute change in plan, President Muhammadu Buhari, will sign the 2021 Appropriation Bill into law on Thursday. The National Assembly had last...

Nigeria external reserves rise, end December at $35.35bn

The country’s external reserves rose by $380m from $34.98bn as of December 24 to $35.36bn as of the end of December 2020, according to...

Foreign stock investors withdrew N433.15bn in 11 months – NSE

Foreign investors pulled out a total of N433.15bn from the nation’s stock market from January to November this year, compared to N481.96bn in the...

Naira stabilizes at black market as external reserve rises by $515 million in 12 days

Forex turnover rose by 27.6%, as the Naira’s exchange rate at the NAFEX window depreciated against the dollar to close at N394/$1 during intra-day trading...

Domestic credit of banks grew by N290bn in weeks – CBN

The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared...

Nigeria’s duty-free export to US shrinks to $351.73m

Nigeria’s export to the United States under a duty-free policy declined in the first nine months of 2020, recording $351.73m from January to September. According...

World Bank supports NIMC with £172m PPE

The World Bank has provided the National Identity Management Commission (NIMC) with protective equipment (PPE) against Covid-19 worth £172m, to assist the agency to...

Nigerians take centre-stage in downstream sector – DPR

Sarki Auwalu, Director, Department of Petroleum Resources (DPR), has said Nigerian indigenous oil companies are now taking the centre stage, in expanding domestic refining,...

COVID-19: FirstBank launches ‘mask up, stay safe” campaign

First Bank of Nigeria Limited has announced its ongoing digital campaign “Mask Up, Stay Safe” as part of its advocacy to encourage everyone to...

Must Read

EFCC arraigns ‘Mama Boko Haram’ on fresh N41.7m fraud charges

The travails of Aisha Alkali Wakili alias Mama Boko Haram are yet over as the Economic and Financial Crimes Commission (EFCC) Maiduguri Zonal Office,...
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Zenith Bank board meets to discuss results, final dividend

The Board of Directors of Zenith Bank Plc will meet on Thursday 28, 2021, to discuss the audited financial statements (AFS) for the year...

Pension industry fund assets rise to N12.29tr

The pension industry fund assets rose to N12.29 trillion by November 30, 2020. This represented a 1.94 per cent increase when compared with N12.053...

Nigerian stocks buck global downtrend with N552b gain

Nigerian equities played the contrarian amid global stock market decline as sustained bargain-hunting ahead of the earnings season roused Nigerian shares to a net...