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The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB earmarks $250 million for water, sanitation projects in Abuja

The African Development Bank (AfDB), has revealed that the bank will invest $250 million in the Federal Capital Territory (FCT) water and sanitation integrated project. The project is aimed at improving water supply and sanitation in the satellite towns.
Dr Herbert Wigwe, Managing Director of Access Bank Plc

Access Bank gets final nod to acquire Kenyan Transnational Bank

Access Bank Plc says it has secured final approvals of all relevant regulatory authorities in Kenya for the acquisition of Kenya-based Transnational Bank Plc (TNB).
The Central Bank of Nigeria, (CBN) has assured members of National Cotton Association of Nigeria (NACOTAN) Ekiti chapter of its financial assistance to enable them embark on massive production of cotton in the state.

Central bank, government pledge support for cotton farmers in Ekiti

The Central Bank of Nigeria, (CBN) has assured members of National Cotton Association of Nigeria (NACOTAN) Ekiti chapter of its financial assistance to enable them embark on massive production of cotton in the state.

DMO: Nigeria public debt stands at N26.2 trillion

The Debt Management Office (DMO) says the total public debt as at September 2019 stood at N26.215 trillion.
President Muhammadu Buhari on Monday signed the finance bill into law.

New VAT rate takes off as President Buhari signs Finance Bill into law

The increase of the Value Added Tax (VAT) rate from 5 per cent to 7.5 per cent has taken effect following the signing into law the Finance Bill, 2019, by President Muhammadu Buhari on Monday.

Cowry Asset: Forex market to witness stability in 2020

The foreign exchange (forex) market will witness stability in 2020, while the Central Bank of Nigeria (CBN) will continue to sustain its Open Market Operation (OMO) sales at high interest to continue to attract foreign investors.

Central bank defends naira with $16.56 billion In 12 months

Analysis of the regulator’s half year report showed that the apex bank defended the local currency with $8.28 billion through its direct intervention within the first six months of 2019. Financial analysis estimated that the same level of intervention, or even higher amount applied in accompanying six months ended December 2019.

Chijioke Odum: Why Nigeria topped Bitcoin Google search in 2019

Indications have emerged that Nigeria is tilting towards this digital way of asset and money exchange as evident in the Google summation that Nigeria leads other African countries in the Google search engine on bitcoin in 2019
The Chief Executive Officer (CEO), First Bank of Nigeria Limited, Adesola Adeduntan, has said the introduction of FirstGem, a female-focused product by the bank has contributed to the development of the Nigerian economy.

President Buhari congratulates FirstBank chief on international award

President Muhammadu Buhari has felicitated with the Managing Director/Chief Executive Officer, FirstBank Limited, Dr Adesola Adeduntan, on his award of Distinguished Alumnus of the Year by Cranfield School of Management, United Kingdom.

Central bank retains minimum 65% loan deposit ratio

The Central Bank of Nigeria says it has retained the minimum 65 per cent of Loan Deposit Ratio in the interim.
Dollar

North America, Mexico suffer $44 billion loss to forex

At a time when the global economy is slowing and trade wars are raging, currency volatility is a critical way companies are losing ground to their competitors.

Central bank releases framework to address payment system

The Central Bank of Nigeria on Monday released the Nigerian Payments System Risk and Information Security Management Framework to guide the management of risks associated with the payments system in Nigeria.

2020: A year to turn around insurance industry – NAICOM

The National Insurance Commission (NAICOM) says 2020 is a year to turn around the fortunes of the insurance industry.
Donald Trump

Oil, gold prices soar, equities tumble as Donald Trump tweets war

Oil prices surged, gold hit a more than six-year high and most equities tumbled Monday after the US assassination last week of a top Iranian general fanned fears of a major conflict in the Middle East.

CBN: Completed e-payment transactions hit N203 trillion

Electronic payment (e-payment) transactions worth N203.35 trillion were carried out by banks between January and June 2019, Central Bank of Nigeria (CBN) half-year e-payment figures have shown.
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, has called on students and youths to imbibe the habit of saving, stressing that it would make them financially responsible and stable.

Ecobank chief urges youths to embrace savings culture

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, has called on students and youths to imbibe the habit of saving, stressing that it would make them financially responsible and stable.

Anchor borrowers’ programme: I will make sure farmers pay back loans – RIFAN chief

The Chairman of Rice Farmers Association of Nigeria, Nasarawa State Chapter, Alhaji Abbas Ramallan, has urged its members to repay the farm inputs loan they received under the Federal Government’s Anchor Borrowers’ Programme.
Success in the foreign exchange market largely depends on the strength of forecasting skills. Here are the main factors influencing the dynamics of Forex.

Discover effective methods of prediction in the Forex market

Success in the foreign exchange market largely depends on the strength of forecasting skills. Here are the main factors influencing the dynamics of Forex.

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A former Commissioner for Women Affairs in Delta State, Queen Betty Efekodha, has raised the alarm over plans to convert the Mariam Babaginda Women Development Centre built during the administration of former governor Emmanuel Uduaghan to Appeal Court premises.
Maurizio Sarri

Maurizio Sarri set for Napoli return

Juventus coach Maurizio Sarri said he expects an emotional return to his former club Napoli on Sunday as Lazio and Roma prepare for a derby clash in Serie A after both capital-city sides exited the Italian Cup during the week.
Babajide Olusola Sanwo-Olu

Lagos government begins recruitment in health sector

The Lagos State Health Service Commission, says it has commenced mass recruitment of health sector workers to bridge the deficit in manpower requirement across...
Yoruba World Congress (YWC), an umbrella body of all Yoruba socio-cultural groups, has threatened to hold a peaceful protest in support of the recently launched Western Nigeria Security Network code-named Amotekun.

Cleric advises Southwest governors to back Amotekun’s establishment with law

The six southwest governors have been advised to enact laws in their respective states to back the establishment of the joint security outfit code named ‘operation Amotekun’.

Colonel Dasuki makes first court appearance after his release

The immediate-past former National Security Adviser, Colonel Sambo Dasuki, on Thursday, made his first court appearance after his release from detention.