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Forex: CBN Boosts Supply with $240m to Retail SMIS

In the last trading day of the week and ahead of June 26 and 27, 2017 holiday declared by the Federal Government to commemorate the Eid-el-Fitr, the Central Bank of Nigeria (CBN) on Friday, June 23, 2017, allocated the total sum of $240 million to the Retail Secondary Market Intervention ...

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CBN To Licence Private Asset Management Companies

The Central Bank of Nigeria (CBN) has said it would licence Private Asset Management Companies (PAMC), according to an exposure draft for the licencing and regulation of PAMCs in Nigeria, signed by Kelvin Amugo, director, Financial Policy and Regulation. “Given the ever evolving developments in the industry, the decline in ...

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Access Bank, UBA, 11 others controls majority shares in Etisalat Nigeria

          Following Etisalat Nigeria inability to repay loans amounting to N541 billion forced the telecommunication to announced a share restructuring on Tuesday with thirteen of the banks haven controlling share of the telecommunication’s company. The telecommunications company had obtained the loans from 13 banks, including Guaranty ...

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UBA Wins Again! Emerges Financial Brand of the Decade

Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another laurel to its cap as it emerged the Financial Brand of the Decade at the Marketing Edge Awards which was held over the weekend. The award in recognition of UBA’s innovative and pacesetting ...

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Heritage Bank grows agent outlets to 400, moves to Badagry

L-R: Roseline Hunyigan; Head of Agent Banking, Heritage Bank Plc, Yusuf Adeojo; an agent, owner of Thy Grace, Corner Shop, Hunyingan Mifrinso; Zonal Business Coordinator, South-West, South-South, Agent Banking, Heritage Bank, Oluwakemi Adewunmi and Experience Centre Manager, Daniel Ude, during the commissioning of Thy Grace one of Heritage Bank’s Corner ...

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GTBank Launches GTPatriot, a Subsidized Banking Package for Nigeria’s Military, Paramilitary Personnel

Foremost financial institution, Guaranty Trust Bank plc, has launched GTPATRIOT, a unique Salary Account Package which offers Nigeria’s servicemen and servicewomen subsidized banking products and dedicated value added services. The GTPatriot Account allows serving members of the Military and Paramilitary institutions to open accounts with zero minimum balance whilst offering ...

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Youth Empowerment: Fidelity Bank, Empretec Collaborate to Train Youths on Entrepreneurship

L-R: Chris Nnakwe, Head, CSR & Sustainability, Fidelity Bank Plc; Onari Duke, wife of Former Governor of Cross River state & founder of EMPRETEC; Mr. Peter A. Egba, Commissioner of Commerce & Industry, Cross River State; Ndubuisi Onuoha, Head, Specialised SME, Fidelity Bank Plc during the opening ceremony of an ...

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Transnational Corporation of Nigeria Plc – Improved Earnings Outlook

In light of recent developments in the power and hospitality sector, we update our outlook on Transnational Corporation of Nigeria. We revise our target price (TP) to N3.05 and place a BUY recommendation on the counter. Kindly find key highlights below; CBN/ NBET Upstream Payment Assurance Program Recently, the Federal ...

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