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Lagos chamber: Central bank lending rate will normalise credit market, economic growth

Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.

Central bank pegs remunerable bank deposits at N2 billion

The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.

Central bank intensifies pressure on banks to lend to the economy

In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
Central Bank of Nigeria - CBN

Central bank to limit banks’ appetite for govt securities

The Central Bank of Nigeria, CBN, yesterday, said it would soon announce measures to limit the excessive appetite of banks for government securities.
A market survey conducted by the News Agency of Nigeria (NAN) showed that the affected commodities are foodstuffs, frozen foods, beverages and provisions, among other commodities.

Ramadan: Prices of food items rise in Ilorin markets

A market survey conducted by the News Agency of Nigeria (NAN) showed that the affected commodities are foodstuffs, frozen foods, beverages and provisions, among other commodities.

NCC restates how internet users can be protected from cybercrime

The Nigerian Communications Commission (NCC) has again disclosed how the over 114 million Internet users in the country can be properly protected while online.
This photo illustration shows a logo of Chinese telecoms giant Huawei at a shopping mall in Kuala Lumpur on February 13, 2019. (Photo by Mohd RASFAN - AFP)

Huawei Q1 revenue grows 39% to $27 billion amid heightened U.S. pressure

Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results.
A businessman, Cajetan Chike Muonagolu has been ordered to be remanded in prison custody by Justice Saliu Saidu of the Federal High Court Ikoyi Lagos on a 4 count charge bordering on dealing in adulterated and substandard engine oil.

Businessman remanded in prison for suspected adulterated engine oil

A businessman, Cajetan Chike Muonagolu, has been ordered to be remanded in prison custody by Justice Saliu Saidu of the Federal High Court Ikoyi Lagos on a 4 count charge bordering on dealing in adulterated and substandard engine oil.

Fidelity Bank announces appointments of three new executives

Fidelity Bank Plc on Monday announced the appointments of three new Executives by the Board of Directors as part of corporate realignment aimed at repositioning for further growth.
(FILES) A file photo taken on November 20, 2017 shows logos of US multinational technology company Google displayed on computers' screens. Google is dropping out of the bidding for a huge Pentagon cloud computing contract that could be worth up to $10 billion, saying the deal would be inconsistent with its principles. The decision by Google, confirmed to AFP in an email October 9, 2018, leaves a handful of other tech giants including Amazon in the running for the Joint Enterprise Defense Infrastructure (JEDI) contract aimed at modernizing the military's computing systems. / AFP PHOTO / LOIC VENANCE

Google urges business owners to adopt innovations to accelerate businesses

The Product Marketing Manager, Google Nigeria, Tutu Laditan, on Friday urged business owners to adopt disruptive models that would help accelerate their businesses.
United Nations UN

UN tasks private sector on humanitarian crises in North-East

The United Nations has partnered with leading Nigerian companies in the banking, energy, legal and consumer services sectors to assist the federal government to tackle the humanitarian crisis in the north-east.

MGCs: CBN pegs minimum capital at N6 billion

The Central Bank of Nigeria (CBN), has said that companies seeking licenses as Mortgage Guarantee Companies (MGCs), shall maintain a N6 billion minimum capital in addition to N100,000 non-refundable application; non-refundable licensing fee of N1 million; and N50,000 change of name fee.

Egypt reaches agreement with IMF on next $2 billion loan payment

Egypt has reached an agreement with the International Monetary Fund on release of the next $2 billion loan installment, the fifth under the country's three-year aid programme, the IMF announced on Wednesday.

Consumer confidence projected to rise in Q4

The Central Bank of Nigeria’s (CBN) Consumer Expectation Survey (CES) has predicted a positive outlook for next quarter as well as the next 12 months.

NCC vows to protect consumers from exploitation by service providers

The Executive Vice Chairman, Nigeria Communications Commission, Prof. Umar Danbatta, says the commission is committed to protecting telecom subscribers from being exploited by service providers.

Singapore fines Uber and Grab $9.5 million over merger

Singapore slapped ride-hailing firms Grab and Uber with fines and finalized restrictions to open up the market to competitors after concluding that their merger in March has driven up prices.
artificial ripe mango

Experts: Ripening of fruits with ‘calcium carbide’ causes heart, kidney, liver failures

A consultant family physician, Dr Abdulrahim Abdulrashed, says the use of “Calcium Carbide’’, a chemical with carcinogenic properties, to force fruit to ripe is injurious to human health.

Dangote emerges most admired African brand

Dangote Group from Nigeria has emerged as the most admired African brand, of African continent origin, by consumers ahead of telecommunication giant, MTN according to the South African based Brand Leadership Movement in collaboration with the Johannesburg Stock Exchange (JSE)

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Anti-Brexit activists hold placards and wave Union and EU flags as they demonstrate near the Houses of Parliament in central London on January 28, 2019. – Despite the humiliating rejection of Prime Minister Theresa May’s Brexit deal, Britain is no closer to knowing the end result of its vote to leave the European Union. A raft of amendments to be voted on by MPs on Tuesday threaten to further muddy the waters as the clock ticks down to Britain’s scheduled departure from the EU on March 29. (Photo by Tolga AKMEN / AFP)

Britain may be entering full-blown recession – watchdog

The Office for Budget Responsibility (OBR) said the world’s fifth-biggest economy appeared to have flat-lined or possibly contracted in the second quarter, some of which was probably “pay-back” after Brexit-related stock building in early 2019.
Three French soldiers have died during an operation against illegal gold mining in the South American territory of French Guiana, authorities said Thursday.

Three French troops die in operation against Guiana gold-mining

Three French troops died by accident while carrying out an operation against illegal gold mining in the South American territory of French Guiana, military authorities said on Thursday.
The EU has fined Qualcomm €242 million (around $272 million) for selling 3G modem chips at predatory prices in an attempt to drive a competing supplier, Icera, out of the market.

Qualcomm fined $272 million in latest EU antitrust fine

The EU has fined Qualcomm €242 million (around $272 million) for selling 3G modem chips at predatory prices in an attempt to drive a competing supplier, Icera, out of the market.

Police arraign two men for homosexuality in Abuja

The police on Thursday arraigned two men in a Kabusa Grade I Area Court Abuja for allegedly engaging in the act of sodomy.

Three nabbed for abducting, raping female teenagers

Three suspected cultists have been arrested for allegedly abducting and raping two teenage girls in Awada, near Onitsha, Anambra state.