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Fitch affirms FirstBank’s stable outlook on viability ratings
……As The Bank targets expansion with Agency Banking Fitch, a global leader in credit ratings and research on Monday affirmed the...

FirstBank targets 10million new customers with Agency banking
Managing Director and CEO, First Bank of Nigeria Limited and Subsidiaries, Dr. Adesola Adeduntan, who disclosed this in Lagos on Tuesday,...

Dangote Cement Ghana to recruit 5,000 workers
With these, the Company has commenced the process of recruitment of drivers, truck driver assistants and loaders. These trucks, which...

Why Nigeria’s economy will decline in 2016 – IMF
According to the International Monetary Fund (IMF), Nigeria’s economy is likely to shrink as it was performing below the IMF forecast for...

More trouble for banks as CBN says two others have failed liquidity tests
CBN had earlier in the week dissolved the board of Skye Bank. It explained that the decision was a measure to prevent a total collapse of...

FirstBank named Best Retail Bank in Nigeria
According to The Asian Banker, FirstBank has continued to dominate the retail space with over 40% of the market share in retail customer...

Access Bank wins 2016 Euromoney ‘Best Bank Transformation’ Award
Nigeria’s top tier lender, Access Bank Plc has just received the award for ‘Africa’s Best Bank Transformation’ in the Euromoney 2016...

Activities of Niger Delta militants reduced FG’s revenue by N16.2bn in May – Minister of Finan
Adeosun made the disclosure at the Federation Account Allocation Committee, FAAC, meeting in Abuja. According to the Minister, the repair...

Naira slumps to 260/$1 at interbank market
Following the decision of the Central Bank of Nigeria to allow market forces determine the value of the naira, the interbank market on...

Capital market: Elumelu, Rewane hail Aliko Dangote
Elumelu, who is also the Chairman of Transcorp Hillton, spoke at a two-day stakeholders’ forum on realizing the full potentials of the...

IMF lauds CBN’s decision to float naira
The IMF spokesman, Gerry Rice told journalists yesterday that the Fund wanted to see how effective the naira exchange market functions...

Nigeria’s inflation hits 15.6% – NBS
A report released by the NBS in Abuja said the CPI, which measures inflation, recorded a relatively strong increase for the fourth...

Government policies will strengthen naira, foreign reserves –DMO assures Nigerians
He pointed out that government’s efforts at revitalising the agriculture sector, solid minerals, manufacturing and expansion of taxation...

UBA rewards 40 customers to improve market share
This is contained in a statement issued by Mr Charles Aigbe, the bank’s Divisional Head, Corporate Commission in Lagos on Saturday. The...

Fidelity Bank MD, Nnamdi Okonkwo says support for youth development is key to national growth
Fidelity Bank MD, Nnamdi Okonkwo Nnamdi Okonkwo, Fidelity Bank Managing Director, believes support for youth development through computer...

Dangote Flour restructures operations, to grow wheat in Kano
L-R, Dan Majen Kano, District Head of Gwale Alh. Yahya Inuwa Abbas, Representative of Emir of Kano, President \ Chief Executive Dangote...

Zenith Bank, Agence Francaise de Development sign $100m power sector credit facility
The facility signing held on the occasion of the visit to Nigeria of the French President, on Saturday, May 14, 2016, and was witnessed...

$710m import value in Q1 lowest inflow in 9 years – NBS
According to the National Bureau of Statistics, the figure is the lowest since it began tracking the inflow since 2007. This marked a...

Forte Oil boss, Femi Otedola loses $400m in two months
Forbes reports that in late February, the share price of Forte Oil hit an all-time high of N342 per share after the Lagos-based utilities...
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