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Derivative: Court Orders FG to Pay Delta State $1.638bn Arrears A Federal High Court, Abuja, on Monday, ordered the Federal Government to pay $1.638 billion to Delta State Government being…
Nigeria’s Private Sector Output Rises Sharply in October – PMI Nigeria’s private sector output sees a sharp rise in October 2021 to hit a three month high, according to Stanbic…
Zenith Bank Posts N180 Billion Profit Despite Headwinds Zenith Bank Plc has announced its unaudited results for the nine months ended 30 September 2021, with Gross Earnings rising by 2%…
PFAs Position in FGN Bonds, Duck Treasury as Pension Assets Rise Pension Fund Administrators (PFAs) position strongly in the Federal Government of Nigeria bonds market while assets managers avoid investment…
FG Denies Paying N80,000 to Survival Fund Beneficiaries The Federal Government has warned Nigerians to be wary of fraudulent messages making the rounds over the purported payment of N80,000 to…
CBN Devalues Naira 12.95% despite Rising Foreign Reserves An already weakened Nigerian local currency, Naira, sinks large by 12.95% in the just concluded week despite rising foreign reserves amidst lower…
DMO, CBN Oversubscribed Auctions Keep T-Bills, Bonds Yields Mixed Oversubscriptions at Debt Management Office (DMO) and Central Bank (CBN) primary market auctions for Nigerian Treasury bills, and Federal Government bonds…
Loans to Deposit Policy Drives Credit Growth by N6.63Trn –CBN The Central bank of Nigeria (CBN) has said that its 65% loan to deposit policy pushed credit into the real…
GCR Upgrades Axxela Limited Rating with Stable Outlook GCR Ratings has upgraded the long-term Issuer rating of Axxela Limited to A-(NG) and affirmed the short-term Issuer at A2 (NG), adding…
Nestlé Nigeria Earnings Rise amidst Tons of Hitches Nestlé Nigeria Plc sees a 5.16% growth in profitability, according to its latest financial statement submitted to the Nigerian Exchange amidst tons…