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    DMO To Raise N95bn Through Bond Sales

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    The Debt Management Office  (DMO), has said it will raise N95 billion through the sales of Federal Government of Nigeria Bonds next week Wednesday which will be the last bond auction for the year. According to the debt office, it would sell N35 billion of a bond maturing in 2036, N25 billion of paper maturing…

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    Expect More Policies, CBN Tells Banking Industry

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    The Central Bank of Nigeria (CBN) has said it will be churning out more policies in the banking industry to drive the nation towards economic recovery even as it affirmed that there is no love lost between the fiscal and monetary authorities. Disclosing this, Governor of the CBN, Godwin Emefiele said while the two authorities…

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    2017 Will Be Good For Businesses, Experts Project

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    Having faced one of its most trying times, there is a rising optimism in the Nigerian business environment that the fortunes of the country would turn for the better in 2017. Analysts and business operators say with the various reforms in the country, the economy is expected to pick up from its current state of…

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    Maintaining Tight Monetary Stance In Stagflation

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    Rising from its meeting last week, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) maintained the tight monetary policy stance it took in July, maintaining the benchmark interest rate. In essence, the monetary policy rate (MPR) was retained at 14 per cent same as the cash reserve requirement for banks which was…

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    New MDIC Covers 99% Of Mortgage Deposits

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    Primary Mortgage Banks in the country have commended the move by the Nigeria Deposit Insurance Corporation (NDIC) to increase the Maximum Insurance Deposit Coverage (MDIC) for mortgage banks from N200,000 to N500,000, saying it will further increase public confidence in PMBs in the country. Speaking at a sensitization workshop for operators of PMBs on Implementing…

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    UBA CFO, Finance Team Wins CFO Awards

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    United Bank for Africa Plc has bagged the Chief Financial Officer of the Year, Financial Innovation Project of the Year and Finance Team of the Year at the edition of Nigeria CFO awards. UBA’s group chief finance officer, Ugo Nwaghodoh, was ahead of other nominees in the banking category, to emerge CFO of the year….

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    Nigeria’s Economy Slips Further Into Recession

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    Nigeria’s economy further receded in the third quarter, with a 2.24 per cent contraction in Gross Domestic Product (GDP), while real GDP expanded for the second consecutive quarter, the National Bureau of Statistics (NBS) said yesterday. According to latest data, real GDP, unadjusted for seasonality increased by 8.99 percent quarter on quarter, which was an…

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    Nigeria Could Have Been Better Prepared For Recession- Emefiele

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    The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said Nigeria could have been better prepared for the economic downturn which it is currently undergoing, even as he suggested policy options that could take the country out of its present economic quagmire. According to Emefiele, rebuilding infrastructures, pursuing growth-enhancing fiscal policies and…

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