Business

Naira will depreciate to N200/$ in 2015 – Analysts

Analysts at Financial Derivatives Company (FDC) Limited have said the value of the naira will further depreciate to over N200 to the dollar on the ...

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Skye Bank transfers workers to outsourcing firms

Barely one week into the New Year, Skye Bank has disengaged some of its staff members and transferred their employment to third-party firms. Hundreds of ...

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BoI grants N1.1bn facility to local manufacturers of SIM, National ID cards

The Bank of Industry (BoI) has granted N1.1 billion credit facility to local manufacturers of electronic payment cards, SIM cards, National ID card and Voters ...

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Due diligence: Why Unity Bank shunned power assets –Semenitari

The Managing Director, Unity Bank Plc, Mr. James Semenitari, said the lender did not participate in the financing of the power assets privatisation. He said ...

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CBN releases N500m for SMEs in Enugu

The Central Bank of Nigeria, CBN, has released N500 million to the Enugu State Government to finance 1,600 micro enterprise borrowers recommended by Enugu Small ...

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FirstBank partners Etisalat on Firstmonie, Easywallet

First Bank and Etisalat, have reached agreement to drive the mobile payment systems and support the CBN cash-less policy.  The partnership which involves FirstBank’s Firstmonie ...

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Oil price drop: CBN cautions banks on loans to oil & gas, public sectors

The Central Bank of Nigeria (CBN) has warned banks of the dire consequences of the falling oil price on loan advances to the oil and ...

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Skye Bank appoints interim MD for Mainstreet Bank

Skye Bank Plc has appointed Mrs. Amaka Onwughalu as the interim Managing Director of Mainstreet Bank. This is contained in a notice to the Nigerian ...

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PenCom to prosecute 101 firms for pension default

The National Pension Commission is set to prosecute 101 companies for failing to remit the deductions of their workers’ pension contributions to their respective Pension ...

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BoI to underwrite SMEs projects

The Bank of Industry (BoI) has signed a Memorandum of Understanding (MoU) with 10 SME-friendly banks to finance Small and Medium Enterprises (SMEs). This is ...

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