National Wire About Nigerians, Nigerian Business and Other Stories
FG Earmarks $1.61bn For 24-Hour Power Supply
The Federal Government in collaboration with international donor agencies has set aside over $1.61 billion to ensure constant power supply in the country.
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Politics
Stress Test: Banks In Secret Merger Talks
Merger and acquisition talks are quietly going on in the banking industry, especially among the seven deposit money banks (DMBs) that failed the mandatory stress test on funding adequacy.
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AfDB Advocates Unlocking Of $1.8tn AUM For Investment
The President of the Africa Development Bank (AfDB), Dr. Akinwunmi Adesina, has stressed the need to mobilise mutual funds and other Assets Under Management (AUM) in the continent put at $1.8 trillion, to drive Africa’s development.
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Western Delta Varsity Signs MoU With WEMA Bank On Strategic Cooperation
The Western Delta University, Oghara, Delta State has signed a far-reaching Memorandum of Understanding ( MoU) with Wema Bank Plc, to introduce the institution to the Electronic Bills Payment ( eBillsPay ) and WebPay platforms to enable students and other residents of the university community to receive payment and other transactions through the platform.
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Dangote Donates Two Hostels To Students Of Ambrose Alli University
President of Dangote Group, Aliko Dangote on Saturday made a pledge to build two functional hostels for the use of the students of Ambrose Alli Univeristy, Ekpoma, in Edo State.
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SEC Working On Crowdfunding Regulation- Uduk
The Securities and Exchange Commission (SEC), has said that the commission is working on a framework to regulate the use of crowdfunding by small businesses to raise capital.
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UBA Honours Kola Jamodu After 12 Years Of Service, Assures Of Solid Governance Processes
Pan African financial institution, United Bank for Africa (UBA) Plc has assured investors and shareholders of her continuous adherence to solid corporate governance processes as the bank honoured its ex-director, Chief Kola Jamodu.
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Education Remains The Beacon Of Hope For Economic Development—Osinbajo
The Vice President, Prof. Yemi Osinbajo has reiterated that one cardinal focus of the present administration is to revitalise the educational sector which is one key economic growth drivers in every thriving economies around the globe.
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Lagos Commodities And Futures Exchange To Partner With Ecobank For Seamless Trade Settlement Across Africa
The Lagos Commodities and Futures Exchange (LCFE) has indicated its readiness to partner with Ecobank to enable the seamless settlement of trades across Africa as it starts trading in a few weeks. The Managing Director of the Exchange, Akin Akeredolu-Ale stated that the Exchange needs a bank that has the required African spread and superior technology like that of Ecobank …
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CBN To Go Tough On Banks Over Loan To Deposit Ratio
The Central Bank of Nigeria said it would sanction banks and their customers over fraudulent deals intended to circumvent the loan to deposit ratio policy.
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