Globally acclaimed African financial institution, Bank for Africa Plc (UBA has announced the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively. The creation of the new positions, reporting to Group CEO, Kennedy Uzoka, represents further strategic recognition of the growth of UBA’s pan-African […]
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The United States said on Monday it would not allow foreign students to remain in the country if all of their classes are moved online in the fall because of the coronavirus crisis. “Nonimmigrant F-1 and M-1 students attending schools operating entirely online may not take a full online course load and remain in the […]
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PwC Nigeria has said the headline inflation in Nigeria will average 12.2 per cent in 2020, compared to 11.4 per cent last year. The firm said this on Monday in a new report titled ‘Demand and supply shocks from COVID-19 keep inflation higher for longer’. It noted that headline inflation rose by 12.4 per cent […]
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The aftermath of the defection of Governor Godwin Obaseki of Edo State from the ruling All Progressives Congress to the Peoples Democratic Party, has also seen 106 members of the Action Democratic Party have also defecting to PDP. The ADP defectors are from Egor, Ovia South West, and Ovia North East Local Government Areas […]
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Nigeria’s apex bank, the Central Bank of Nigeria debited N122bn ($338m) from banks’ excess cash with the apex bank before weakening the currency at a retail auction on Friday in a move to unify its multiple exchange rates. Reuters reported on Monday that Nigeria’s multiple foreign-exchange rates were imposed to manage dollar demand after oil […]
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UK house prices fell for the first time in eight years in June, a closely-watched survey showed. The Times of Malta reported that this dampened hopes of a sustained recovery in the sector. House prices were 0.1 per cent lower in June than the same month a year ago − the first annual fall since […]
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The Nigerian government has announced that the West Africa Examinnation Council (WAEC) examination will hold from August 4 to September 5. The Minister of State for Education, Mr Chukwuemeka Nwajiuba, made this announcement on Monday at the Presidential Task Force on COVID-19 briefing in Abuja. He said the federal government representatives in WAEC confirmed the […]
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The International Finance Corporation (IFC), a member of the World Bank Group has announced an investment of up to $100 million in Zenith Bank Plc to help increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic. The IFC’s loan to Zenith Bank is its first […]
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Lagos State Governor, Mr Babajide Sanwo-Olu, has restated the commitment of his administration to upholding the tenets of democracy in the state. Sanwo-Olu said this on Friday during the Lagos State Government Youth Pro-Democracy Webinar in Commemoration of the 27th Anniversary of June 12 and Democracy Day 2020. The online celebration, with the theme, ”June […]
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In the aftermath of his shocking disqualification over the state governorship election, Governor Godwin Obaseki of Edo State, says he will not appeal his disqualification by the Governorship Primary Screening Committee of the All Progressives Congress (APC). Obaseki, who said this in a statement by Mr Crusoe Osagie, his Special Adviser on Media and Communication […]
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Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC Malam Mele Kyari), says Nigeria remains an attractive destination for investors in the oil and gas sector. Kyari made the assertion at a webinar organised by Washington-based Atlantic Council on Friday. The NNPC Group Managing Director said that Nigeria Government was able to achieve successes in […]
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The acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu has said the anti-graft agency is investigating serving and former state governors for graft. According to him, suspects who connived with the governors were being invited for questioning. Magu, however, did not disclose the identities of those under probe, saying such would jeopardise […]
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