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Australia officially enters recession
Australia has officially fallen into its first recession in 29 years with the biggest fall in Gross Domestic Product (GDP) on…
CBN’s directive on power sector counterproductive – NUEE
The Nigeria Union of Electricity Employees (NUEE) says the Central Bank of Nigeria (CBN)’s directive authorising banks to…
Nigeria spent N148b on three refineries in 13 months
Nigeria spent N148 billion in the last 13 months on three refineries but produced less than 40,000 metric tons of crude…
Naira rebounces, records continuous gains after CBN FX intervention
The naira strengthened to N435 to a dollar at the parallel market yesterday as against about N480 to a dollar it had been trading…
Shoprite seeks vacation of restraining order on assets transfer
South African retail company, Shoprite Checkers (PTY) Limited, has filed an application seeking the discharge of the injunction…
UBA cuts Interim Dividend to 17 Kobo as HY’20 Profit Drops 22%
The much-awaited half-year results of United Bank for Africa (UBA) Plc for the period ended June 30, 2020, have been released to…
CBN slashes Interest Rate on Savings Deposit to 1.25%
The minimum interest rate to be paid by deposit money banks (DMBs) in Nigeria to their customers for deposits has been reviewed…
Nigerian, Obinna Ukwuani appointed Chief Digital Officer of Bank of Kigali
A Nigerian Obinna Ukwuani has been appointed as the chief digital officer by the Bank of Kigali, Rwanda.
Ukwuani, a former…
Oshodi interchange: Lagos flags off inter-state commercial operation
Commercial activities were flagged off by the Lagos State Government at the Terminal 1 of the Oshodi Transport Interchange (OTI)…
Fidelity Bank to release H1 result Sept 28
Fidelity Bank Plc is to publish its financial statement for half year ended June 30 on or before Sept. 28.
The bank’s Company…