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Economy: Nigeria in volatile situation, says Buhari

    Economy: Nigeria in volatile situation, says Buhari

President Muhammadu Buhari on Wednesday said the sharp drop in the price of oil globally had put Nigeria in a volatile situation. He said the country made what he called

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CBN adopts flexible forex policy as reserves dip to $26.6bn

    CBN adopts flexible forex policy as reserves dip to $26.6bn

The Monetary Policy Committee of the Central Bank of Nigeria has directed the management of the apex bank to adopt a flexible exchange rate policy in the inter-bank forex management

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$3.9b fine: MTN shares slump as govt suspends talks

    $3.9b fine: MTN shares slump as govt suspends talks

MTN shares fell after Nigeria suspended talks about a $3.9 billion fine on the South African mobile-phone company while the country’s House of Representatives completes an investigation into the nature

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Worries over banks’ rising non-performing loans

    Worries over banks’ rising non-performing loans

With over N649b recorded as non-performing loans in the banking industry last year which is almost at the 5% regulatory threshold, stakeholders agree that this call for serious concern to

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Nigeria faces recession as GDP shrinks

    Nigeria faces recession as GDP shrinks

Nigeria’s economy risks falling into recession after it shrank in the first quarter of 2016 as outputs in the manufacturing,

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UBA grows shareholders’ equity by 22% …gets five directors

    UBA grows shareholders’ equity by 22% …gets five directors

Despite the macroeconomic headwinds hitting the country in the past two years, the United Bank for Africa increased its shareholders’

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Employees Compensation Scheme: NSITF Pays N700m to 6000 Employees

    Employees Compensation Scheme: NSITF Pays N700m to 6000 Employees

Over 6,000 workers have been paid about N700million by the Nigeria Social Insurance Trust Fund (NSITF) as compensation under its

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Zenith Bank, French Firm Sign $100m pact to boost Power

    Zenith Bank, French Firm Sign $100m pact to boost Power

Zenith Bank Plc and the French Development Agency (Agence Francaise de Development (AFD), operator of France’s bilateral development finance mechanism,

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Skye Bank achieves PCI payment security standards

    Skye Bank achieves PCI payment security standards

Skye Bank Plc has been recertified and presented with a Certificate of Compliance to the Payment Card Industry Data Security

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Jaiz Bank secures licence to deliver Islamic banking

    Jaiz Bank secures licence to deliver Islamic banking

The Central Bank of Nigeria (CBN) has granted Jaiz Bank national license to operate Islamic non-interest banking in all the

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