Capital market

Delta Will Become Trade Hub For Other States, Says Shimite

By Onomiguren Agbamu The Special Adviser to Delta State Governor, on Trade and Export Chief Shimite Bello has revealed that the state will become a business hub for other states in Nigeria. Chief Bello disclosed this on Thursday 7th, December 2023, during a press conference at Asaba. Bello said the …

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Tinubu appoints unqualified person as EFCC Chairman

President Bola Tinubu has appointed Olanipekun Olukoyede as the Chairman of the Economic and Financial Crimes Commission (EFCC), in violation of the law establishing the anti-corruption agency. The president also approved the appointment of Muhammad Hammajoda as the Secretary of the EFCC on a renewable term of five years. Both …

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Thought Subsidy Was Bad. Why is Tinubu Bringing it Back? – Farooq A. Kperogi

A September 21, 2023, enterprise news report (i.e., a news report that’s not from a news release or a press conference) from the Daily Trust found that “Despite the numerous assurances by President Bola Ahmed Tinubu that… subsidy is gone… the federal government paid N169.4 billion as subsidy in August …

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£28m Fine Imposed on India Lawyer Linked to Ibori Corruption Case

Bhadresh Gohil, a 58-year-old lawyer of Indian origin, was ordered by a UK court on Monday to pay more than £28 million in costs related to criminal activities. Gohil had previously been convicted of fraud and money laundering in a case involving corruption allegations against James Ibori, a former governor …

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VIDEO: Why We Extend Deadline For Old Naira Notes, Emefiele Explains

The Governor of the Central Bank Of Nigerian, Mr. Godwin Emefiele has explains why the apex banks decides to extend the January 31st Deadline for the withdrawal of the old Naira Notes from circulation. Emefiele made the announcement on Sunday. Speaking to journalists, he said, “A 10-day extension of the …

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JUST IN: Buhari signs 2023 budget

The President, Muhammad Buhari on Tuesday has signed the 2023 Appropriation Bill passed by the National Assembly in December. This is the last budget to be signed by Buhari as Nigeria’s president. The budget spending was increased by N1.33 trillion, making it N21.83 trillion from the proposed N20.51 trillion by …

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First Bank Announces New Regulations For International Transactions

The First Bank Of Nigeria had Announced new banking guidelines for their international transactions. In a Statement to it’s customers, the bank said international transactions on its naira Mastercard will be suspended from September 30, 2022. The bank said such transactions would not be available on its naira credit card, …

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Currently Have Insurance Package with First Bank? See What They Are Planning

First Bank Of Nigeria Holdings PLC, has indicates interest to do away with 65% of their equity in FBN Insurance Limited to their partner, Sanlam Emerging Market. Sanlam have an existing equity of 35% with FBN Insurance before these new discussions. FBN who made the ongoing discussion to sell the …

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Nigeria Becomes Africa Biggest Economy as South Africa Slumps into Recession

Nigeria has overtaken South Africa as the biggest economy in Africa as the latter enters its second recession in two years. South Africa’s Gross Domestic Product shrank by 1.4 per cent in the fourth quarter of 2019, following a revised 0.8 per cent contraction in the third quarter, data from …

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Access Bank: We No Longer Accept Cheque Books with Diamond Bank Logo

Cheque books with Diamond bank logo has been declared invalid beginning from the 1st of March 2020 According to Access Bank, the decision to discontinue accepting cheque books bearing the logo of its merger partner is to increase efficiency in service delivery. They further advised customers who want to get …

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