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FG Opens Registration Portal For N75bn MSME Survival Fund
The Federal government says the online portal for the registration for the N75 billion survival fund for micro, small and medium enterprises (MSMEs) will be opened today. A…
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WTO DG: Okonjo Iweala Still In Contention As Egypt’s Hamid Mamdouh Departs Race
Egypt's Hamid Mamdouh alongside two others has been voted out of the race to become the Director-General of the World Trade Organisation. This was disclosed by Bloomberg on…
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FIRS Garners N490bn Tax Revenue In July
The Federal Inland Revenue Service generated N490bn in tax receipts in the month of July. The agency announced made the announcement in a statement on Thursday. It also…
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Despite COVID-19, FG Asks Nigerians To Storm Bank Branches For ‘Self=Certification…
Bank account holders in Nigeria have been asked to visit their bank branches to re-register their accounts, odunews.com reports The federal government said that every account…
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Aviation Unions Shutdown Arik Air Operations Over Unpaid Salaries
Aviation Unions have shut down the operations o Arik Air over seven months unpaid salaries to staff. The Chief Executive Officer of Arik, Capt. Roy Ilegbodu, made the appeal in a…
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Naira Exchanges For ₦440 Per Dollar At Parallel Market
The Naira was exchanged for ₦440 for a dollar in the parallel market on Thursday. This is despite the resumption of forex sales to Bereau de Change operators on Monday. The…
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Nigeria’s Public Debt Rises By ₦2.38trn In Three Months
Nigeria's Public Debt stock increased by ₦2.381 trillion in three months, odunews.com reports. The disclosure was contained in a press release by the Debt Management Office…
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Active Bank Accounts In Nigeria Rise To 111.5m
Active bank accounts in Nigeria rose from 97.485 million active accounts to 111.54 million, data from the Nigerian Inter-Bank Settlement System Plc (NIBSS) reveals. This…
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Investors Lose N38bn As Stock Market Declines
Trading activities at the Nigerian Stock Market declined further on Wednesday as investors recorded a loss of N38bn. The market breadth equally closed negative, with seven…
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Access Bank Appoints New Director
Access Bank PLC has appointed Hassan Usman as an independent non-executive director of the bank. This is according to a notice filed by the lender at the Nigerian Stock Exchange.…
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Crude Oil Prices Fall Below $40 Per Barrel
The prices of crude oil dropped below $40 per barrel at Asia's trading session. The price slide was triggered by the surge in COVID-19 caseloads globally and the U.S dollar…
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CBN: Credit To Households Rises In Q2 2020
Secured credit to Households rose from -36% in the first quarter of 2020 to -7.4% by second quarter of 2020 (Q2). This was disclosed in the Central Bank of Nigeria’s Credit…
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Court Orders Access Bank To Pay Customer N5m For Breach Of Relationship
A Lagos State High Court has ordered Access Bank to pay N5m to its customers, Blaid Construction Limited and Blaid Properties, for breach of bank-customer relationship. The court…
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Fidelity Bank Announces 33% Increase In Net Profit
Fidelity Bank Plc has announced a 33% growth in gross profit for half-year period that ended in 2020. In its audited half-year results released on the Nigerian Stock Exchange,…
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Access Bank Records ₦74.31bn Profit In Half-year 2020
Access Bank PLC recorded a Profit Before Tax (PBT) of ₦74.31 billion in the first half of 2020. This indicates an increase of 1.84%. It also earned a revenue of N 396.8 billion…
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Spain, Netherlands Top Nigeria’s Export Destination
Spain has overtaken India to become Nigeria's top export destination in the second quarter of 2020. This was contained in the latest foreign trade report by the National Bureau…
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GT Bank Garners N225.14bn As Revenue For H1, 2020
Guaranty Trust Bank generated N225.4 billion as revenue for the first half of 2020, odunews.com reports. This shows an increase to the 221.87 billion recorded in the same…
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MTN Nigeria CEO Rob Shuter Resigns
The Chief Executive Officer of MTN Nigeria Rob Shuter has resigned. MTN Nigeria Communications Plc made this known in information it posted on the website of the Nigerian Stock…
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Nigeria’s Foreign Trade Drops To N6.24trn In Q2 2020
The total foreign trade by Nigeria dropped by 27.46% (6.42 trillion) year on year in Q2 2020, when compared to N8.61 trillion recorded in the corresponding quarter (Q2) of 2019.…
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5 Emerging SaaS Trends Your Business Needs To Know About
By Andrew Bourne, Region Manager, Africa, Zoho Corporation In the past few months, businesses around the world have embraced cloud technology to pivot and survive. Cloud-based apps…
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