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Tuesday, June 27, 2017
IMF approves FY2018–FY2020 medium-term budget

IMF approves FY2018–FY2020 medium-term budget

The Executive Board of the International Monetary Fund (IMF) has approved the IMF’s administrative and capital budgets for financial year (FY) 2018, beginning May...
Stanbic IBTC introduces Nigeria’s first instant online account opening service

Stanbic IBTC introduces Nigeria’s first instant online account opening service

Stanbic IBTC Holdings PLC has introduced Nigeria’s first instant online account opening service, in line with its goal of helping to digitize banking in...
IMF Board approves $241.5m Extended Credit Facility for Togo economic reform

IMF Board approves $241.5m Extended Credit Facility for Togo economic reform

The Executive Board of the International Monetary Fund (IMF) on Friday approved a new three-year arrangement for Togo under the Extended Credit Facility (ECF)...
SEC dissolves Ikeja Hotels Board over unresolved internal crisis

SEC dissolves Ikeja Hotels Board over unresolved internal crisis

…appoints interim Board   The Securities and Exchange Commission (SEC) on Thursday announced the dissolution of the board of Ikeja Hotels Plc due to an unresolved...
Ecobank defends CBN’s Foreign Exchange Policies

Ecobank defends CBN’s Foreign exchange policies

The Group Chief Executive Officer of Pan-African lender, Ecobank Group, Mr. Ade Ayeyemi, on Thursday defended the foreign exchange policies and actions of the...
Nigerian Breweries explains revenue growth, hundred percent dividend payout

Nigerian Breweries explains revenue growth, hundred percent dividend payout

The Nigerian Breweries Plc has explained that the N314billion revenue it recorded in the 2016 financial year is as a result of its twin...
Fidelity Bank records 21% Profit Before Tax in Q1 2017

Fidelity Bank records 21% Profit Before Tax in Q1 2017

Top Nigerian lender, Fidelity Bank Plc has posted solid financial performance in the first quarter of 2017, posting appreciable growth in profits and gross...
Naira trades at N455 to a dollar at black market

Analysts: Nigeria weakens Naira for investors but may struggle to draw inflows

Nigeria has weakened the naira for investors but it may still struggle to attract dollars unless it scraps its system of multiple exchange rates,...
World Bank: Remittances to developing countries decline for second consecutive year

World Bank: Remittances to developing countries decline for second consecutive year

Remittances to developing countries fell for a second consecutive year in 2016, a trend not seen in three decades, says the latest edition of...
World Bank says CADP has upgraded farmers’ skills in agribusiness

IFC, Amundi to create world’s largest Green-Bond Fund for emerging markets

IFC, a member of the World Bank Group, and Amundi, a leading European Asset Manager, today agreed to create the largest green-bond fund dedicated...

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