Metro

The Central Bank of Nigeria (CBN) on Monday said there is no room for arbitrage opportunities in the foreign exchange (FX) market. The bank also assured Nigerians that it would continue to act in the best interest of the country. In addition, the banking sector regulator reiterated that it remains focused on its core mandate of sustaining the stability in …

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In commemoration of the 2019 World Cancer Day and demonstration of its unwavering commitment to the fight against breast cancer in Nigeria, Polaris Bank has encouraged Nigerians to adhere to quality eating habit and healthy lifestyle to avoid contracting cancer. According to Cancer Research UK, “Eating a healthy, balanced diet can help you keep a healthy body weight. Keeping a …

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Barley three months to the conclusion of the business combination between Diamond Bank Plc and Access Bank Plc, there is strong optimisms in the air ahead of May 31, 2019, deadline that the two major commercial banks set for the consummation of their merger. Although it’s no longer news that the coming together of the two banks will lead to …

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Dangote Group, the Nigeria Liquefied Natural Gas Limited (NLNG), and four other companies have joined in on the federal government drive to build infrastructure across Nigeria. The companies, which also includes Lafarge Africa Plc, Unilever Nigeria Plc, Flour Mills of Nigeria Plc, and China Road and Bridge Corporation Nigeria Limited, will build 19 roads, totaling 794.4km in 11 states across each of …

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United Bank for Africa (UBA Group) kicked off the first session of the week-long Social Media Week Lagos 2019 with the announcement that its chatbot Leo now covers 17 African countries and has one million subscribers. Leo was launched in January 2018 to enable customers of the bank have access to select banking services including account opening, loan applications, account …

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The Joint Admissions and Matriculation Board has registered 1,205,187 candidates for the 2019 Unified Tertiary Matriculation Examination, which is scheduled to take place between Saturday, March 16 and Saturday, March 23, with Lagos and Kaduna states recording the highest registrations of 161,654 and 76,049 candidates, respectively. The board also said that the phone numbers, which the candidates used for their …

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Nigeria’s budget 2019 yesterday got a boost as oil prices surged to a two-month high as ongoing crisis sweeping Venezuela continues to have a huge impact on global commodity markets. Brent crude futures yesterday rose to $64 a barrel as the Organisation of Petroleum Exporting Countries (OPEC)-led supply cuts and sanctions from the US against the country’s petroleum industry offset …

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The Nigerian Stock Exchange on Monday, announced, the appointment of Mr. Jude Chiemeka and Mr. Olumide Bolumole to its Executive Management Team. Mr. Olumide Bolumole joins NSE as Divisional Head, Listing Business while Mr. Jude Chiemeka joins as Divisional Head, Trading Business. Jude Chiemeka comes with over 24 years’ experience in Securities Trading and Asset Management across markets in Africa. …

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The Nigeria Deposit Insurance Corporation (NDIC), has announced the official liquidation of Fortis Microfinance Bank and its branches nationwide. The corporation made this known in a press statement posted on its official website. It assured insured depositors of the repayment of their monies. The statement reads: “The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of Fortis Microfinance Bank whose …

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Photo Caption: From Left; Founding Dean of the Indian School of Business (ISB), Hyderabad, Dr. Pramath Sinha; Nigeria’s Minister of Trade, Industry and Investment, Dr. Okechukwu Enelamah; President/CE of the Dangote Group, Aliko Dangote, and former Managing Director of McKinsey & Company/Co-Founder, Indian School of Business, Mr. Rajat Gupta, on a courtesy visit to Dangote at the Head Office of the Dangote Group …

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