The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, April 16, 2019.…
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Category: Economy
Zenith Bank Plc sustains market dominance with improved profitability
In the first quarter ended 31 March 2019, Zenith Bank Group recorded improved numbers across key metrics, driven by a solid performance in all business segments. This resulted in a…
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Lower impairment charges, digit income push Fidelity Bank’s pre-tax profit up 30.6% in 2018
Alabingo Finance Report| In spite of the tough operating environment, Fidelity Bank posted a 30.6 per cent growth in pre-tax profit to N25.1 billion in 2018 financial year, bolstered by…
Read More Lower impairment charges, digit income push Fidelity Bank’s pre-tax profit up 30.6% in 2018
Naira bears first female signature
The signature of a woman, Priscilla Ekwere Eleje, has appeared on the naira, for the first time since Nigeria got her independence 59 years ago. Eleje, who has been acting…
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New minimum wage: Nigerian workers beg Buhari to sign bill
Workers in the Federal Capital Territory have begged President Muhammadu Buhari to sign the N30, 000 minimum wage bill submitted to him by the National Assembly on March 27, into…
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