Nigerian News from Leadership News
  • Nigeria Spends N5.2tr On Debt Servicing In 6 Years

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    Nigeria has over the last six and a half years spent N5.197 trillion to pay interest on its debt both at home and abroad, having spent $1.974 billion dollars to service its external debt and another N4.855 trillion to service its domestic obligations. Director -general of the Debt Management Office (DMO), Abraham Nwankwo, had on…

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  • Growing The Economy Through Forex Allocation

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    While Nigeria faces shortage of foreign exchange, it is essential that critical sectors of the economy that would spur growth and development have access to dollars in order to speed up the recovery of the the nation’s economy. Last year, Nigeria was officially said to be in recession although the symptoms had been there for…

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  • Rates To Rise As CBN, DMO Mop Up Liquidity

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    Rates at the interbank market are expected to spike this week as liquidity is mopped from the financial system through bond and Treasury Bills sales by both the Debt Management Office (DMO) and the Central Bank of Nigeria (CBN). A total of N252.43 billion is expected to be mopped from the system as the CBN…

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  • Increased ePayments: Achieving PSV 2020 Goals

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    With just about three years to go, Nigeria is moving closer to achieving fully the objectives of the Payment System Vision 2020, which is aimed at revolutionalising the payment system the country thorough advancement in payment infrastructure and methods. Recent figures show a rising trend in the use of electronic channels for payment. The increased…

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  • Currency Reform Will Affect Banks – Chioke

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    The Managing Director and Chief Executive of Afrinvest West Africa, Ike Chioke in this interview with financial journalists, discusses issues of rising non-performing loans, recapitalization as well as challenges of the power sector. BUKOLA IDOWU was there for LEADERSHIP Sunday. The Federal Government is raising $1 billion Eurobond, how do you see the success of…

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  • Airtel Vows To Financially Support Less-privilege Nigerians

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    Airtel Nigeria said it would continue to financially support less privileged Nigerians through its Airtel Touching Lives, the popular philanthropy programme sponsored by leading telecommunications services provider. Managing director and chief executive officer of Airtel, Mr Segun Ogunsanya, speaking at premier of the third season of the programme in Lagos at the weekend said Airtel…

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  • 4 CBN Appointed EDs Resign From Skye Bank

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    Four of the new board members constituted by the Central Bank of Nigeria for Skye Bank last year has resigned from the bank six months into their appointment. Their resignation was announced by the bank in a letter to the Nigerian Stock Exchange yesterday. In a letter signed by Skye Bank’s Company Secretary, Babatunde Osibodu,…

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