December 12, 2019
  • December 12, 2019

PDP Chairman, Secondus Boasts ‘Nigerians Voted PDP’ Despite Supreme Court judgment

by on October 30, 2019 0

The National Chairman of the Peoples Democratic Party (PDP), Uche Secondus has said that inspite of the Supreme Court judgment against the party’s presidential candidate, the whole world knows that Nigerians voted PDP and its candidate in the last election. Secondus, said in a statement on Wednesday that the final judgment comes from God...

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How Will The CBN’s OMO Restrictions Impact Markets, Asks United Capital

by on October 30, 2019 0

Recently, the Central Bank of Nigeria (CBN) in a bid to cut borrowing cost and spur real sector investment barred non-banking financial institutions and public (save local banks and foreign investors) from participating in the primary and secondary OMO market. Notably, OMO bills are discretionary liquidity and FX management instrument of the CBN, different...

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Stamp Duty Payment On POS Transactions threat To Cashless, Financial Inclusion

by on October 30, 2019 0

More Nigerians are now shunning transactions via Point of Sales (PoS) terminals; owing to the implementation of a ₦50 additional charge by merchants, as imposed by the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS). The CBN described the new service levy as Stamp Duty Charge. Investigations (by...

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Nigeria Plans To Lift 90 Million Out Of Poverty

by on October 28, 2019 0

Nigeria officially admitted that there are 90 million of its citizens living in poverty, but notified its intention to lift them out of their misery, according to the country’s minister of Humanitarian Affairs, Disaster Management and Social Developmenet Sadiya Farouq has said. Farouq said this while presenting the 2020 budget estimates N44.21 billion for...

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Nigeria’s Unemployment Situation Frightening —AfDB

by on October 28, 2019 0

The African Development Bank on Monday said the unemployment situation in Nigeria was ‘frightening’ and could become ‘catastrophic’ if decent jobs are not created for the country’s youth population. The AfDB made the observation at the regional presentation of a report entitled, ‘Creating decent jobs: Strategies, policies and instruments’, at its office in Abuja....

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