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Bitcoin is not money, not universally accepted – expert

The chairman of Swiss banking giant, UBS, Axel Weber, has said that bitcoin is not an effective means of payment, since it is not universally accepted.

Access Bank secures $250m facility to finance MSMEs

Access Bank Plc disclosed at the weekend that it has so far secured at least $250 million from multilateral agencies for financing as low interest funds to the Micro, Small and Medium Enterprises (MSMEs) sub-sector of the Nigerian economy.

Federal govt releases balance of Paris Club refund to 27 states

The federal government has made good its promise to release the balance of the Paris Club refund to states, as 27 states of the federation have so far benefitted from the latest refunds.

FAAC shares N609.95 billion to federal, state, local govts for November

The Federation Account Allocation Committee has distributed N609.95 billion to Federal, States and Local Governments as revenue generated in November.

Federal govt releases final tranche of Paris Club refund to 27 states

The Federal Government on Saturday confirmed the release of the final tranche of the Paris Club refund to 27 state governments.

Bank of Agriculture disburses over N1 billion to Kogi

The Managing Director and Chief Executive of Bank of Agriculture, Mallam Kabir Muhammed Adamu, has said over N1.4 billion had been disbursed in Kogi State since the inception of the bank in the state.

Ijaw youths urge Niger Delta to key into federal govt’s anchor borrowers’ programme

The Ijaw Youth Council (IYC) worldwide, yesterday called on the people of the Niger Delta to take advantage of the Federal Government’s Anchor Borrowers’ Programme (ABP) for small scale farmers in Nigeria or lose out on its many benefits.

N10.69bn Green Bond to be listed on NSE, FMDQ in January – DMO

Debt Management Office (DMO) on Friday said Federal Government’s maiden N10.69 billion Green Bond, when concluded, would be listed on the Nigerian Stock Exchange (NSE).

Nigeria treasury bills extend rally as sell-off, new issues weigh

Yields on Nigeria’s mid-dated treasury bills rose nearly 1 percentage point to 12 percent on Friday, extending a three-day rally as a sell-off which started this week continued, traders said.

Bank of Agriculture recovers N375 million in Kogi

The Bank of Agriculture (BOA) Friday said it has recovered N375,906,289.72 out of the over N1.4 billion loan facilities extended to customers in Kogi State, since the bank’s inception.

FADAMA: World Bank urges state govts to pay counterpart funds for more benefits

The World Bank has called on states benefitting from the FADAMA programme to pay their own counterpart funds to enable them to benefit maximally from the programme.

Banking sector records transactions worth N19.33 trillion in Q3 – NBS

The National Bureau of Statistics (NBS) says 213.69 million transactions valued at N19.33 trillion are recorded in the third quarter as data on Electronic Payment Channels in the banking sector.

Federal govt to issue bonds to finance projects

Ms. Patience Oniha, the Director-General, Debt Management Office (DMO), says the Federal Government is planning to issue N10.6 billion green bonds to finance renewable energy projects to protect the environment.

Only 40m Nigerians pay taxes – Kemi Adeosun

Out of 70 million taxable adults in Nigeria, only 40 million of them pay taxes, the Minister of Finance, Kemi Adeosun, has said that out of 70 million taxable adults in Nigeria, only 40 million of them pay taxes.

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Suspected gunmen allegedly kill army colonel in Benue

Suspected gunmen on Sunday allegedly killed a senior military officer who was said to be in transit along Katsina Ala/Takum highway in Benue State.

Suspended Spanish FA chief Angel Maria Villar blames govt for World Cup threat

Suspended president of the Spanish football federation Angel Maria Villar blamed Spain’s government for a FIFA threat that could lead to the country being thrown out of next year’s World Cup in Russia.

Long queues resurface in Lagos, petrol hawkers back

Lagos residents on Monday saw the return of long queues at petrol filling stations, the News Agency of Nigeria (NAN) reports.

Governor Okowa signs Delta’s N308 billion 2018 budget into law

Governor Ifeanyi Okowa on Monday signed the Delta State 2018 Appropriation Bill of N308 billion into law, with an assurance that his administration will ensure full implementation of the budget.

PENGASSAN suspends nationwide strike

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria have called off a planned nationwide strike.

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Nigeria treasury bills extend rally as sell-off, new issues weigh

Yields on Nigeria’s mid-dated treasury bills rose nearly 1 percentage point to 12 percent on Friday, extending a three-day rally as a sell-off which started this week continued, traders said.

Israeli jets hit Hamas posts in Gaza

Israeli war jets used air-to-surface missiles to strike two Hamas military posts in the northern Gaza Strip early Monday in retaliation for an earlier rocket strike from Gaza, the Israel Defense Force (IDF) said.

“One Lagos Fiesta” to splash cash on talented youngsters

Lagos State Government pledged to give out cash prizes to talented youths in the areas of music, dance and comedy at the forthcoming “One Lagos Fiesta” scheduled to hold from Dec. 24 to Jan. 1, 2018.

Overuse of antibiotics in farming major new threat to human health – UN

The overuse of antibiotics in farming has been highlighted as one of the biggest emerging threats to human health, spreading resistance to vital drugs and endangering millions of lives.

South Africa’s ANC gathers to choose leader to replace Jacob Zuma

South Africa's governing African National Congress (ANC) is preparing to choose a new party leader to succeed President Jacob Zuma.