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Sunday, November 24, 2024

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COVID-19: CBN, Bankers’ Committee Halt Sack of Banks’ Workers

As Access Bank Justifies Planned Staff Disengagement The Central Bank of Nigeria (CBN) and the Bankers’ Committee Sunday halted the wave of mass lay-off emerging in the...

Nigerian Guild of Editors Demands Special Protection for Journalists Covering Covid-19 Pandemic

On the occasion of this year’s World Press Freedom Day, the Nigerian Guild of Editors, NGE, wishes to congratulate all journalists in the country...

COVID-19: Blessing in Disguise for Nigeria – Okeke

The Chief Executive Officer of Mascot Consult Limited, Mr. Marcel Okeke, has described the novel COVID-19 pandemic as a blessing in disguise as Nigeria can no...

Covid-19 and Oil Price Plunge Hit Angola, Senegal, Cameroon, Ghana, Nigeria Hard

African oil-producing and reliant countries are among the most hard-hit by the COVID-19 pandemic and declining oil price. In particular, Senegal, Nigeria and Angola...

Analysts Welcome Reduction of Lending Rate by CBN

Financial analysts have said that the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of...

Access Bank to Cut Staff Salaries to Avoid Job Losses

Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the operations of Nigeria’s biggest lender. Quoting...

CSCS to hold 26th Annual General Meeting by Proxy

Central Securities Clearing System (CSCS) Plc has announced that it will hold its 26th Annual General Meeting (AGM) by proxy on May 22, 2020. The Company...

CBN Resumes Dollar Sales For SMEs, School Fees

Amid Fears of Depreciation of the Naira The Central Bank of Nigeria (CBN) says it has resumed dollar sales to small and medium enterprises (SME) as well as...

Union Bank Posts N6.2bn Pre-Tax Profit In Q1

E-business Fees Rise 71% to ₦2.1bn Driven by robust cost-efficiency measures, the Union Bank has announced its Group’s unaudited financial statements for the quarter ended March 31...

IATF2020 Postponed due to COVID-19

In light of the COVID-19 pandemic, the African Export-Import Bank (Afreximbank), the African Union (AU) and the Government of Rwanda have decided to postpone...

FMDQ Exchange Admits United Capital, Sterling Bank Commercial Paper Notes to its Platform

FMDQ Exchange Limited  has announced the approval and admission of the United Capital PLC ₦1.35bn Series 1 and ₦3.97bn Series 2 Commercial Papers (CP). The CP...

Financial Expert Outlines Survival Measures for Banks After COVID-19

Considering that banks will face extremely challenging times after the raging Coronavirus pandemic, the managing director of Maxifund Securities Limited, Okechukwu Unegbu, has outlined what he called...

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