Daily Archives: September 3, 2020

Forex: CBN sold $500m, speculators set to count losses

Central Bank of Nigeria CBN sold about $500 million to foreign investors on the spot and forward market to gauge the level of foreign exchange demand in the market. The CBN offered a 150 day forward on the currency market and also sold on the spot market to banks, foreign …

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Dangote Cement raises N50b new short-term capital

By Taofik Salako, Deputy Group Business Editor Dangote Cement Plc yesterday closed application for a commercial paper (CP) offer aimed at raising N50 billion in additional short-term debt capital as the Sub-Saharan Africa’s largest cement group is leveraging top-notch rating to deepen balance sheet and drive overall growth. Dangote Cement, …

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GTB posts N109.7b profit in first half

Nigeria’s most capitalised financial institution, Guaranty Trust Bank (GTB) Plc reported a pre-tax profit of N109.7 billion in the first half of this year. The board of the bank has declared interim dividend of N8.83 billion or 30 kobo per share for the first half, sustaining the long-established tradition of …

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Fate of private universities

When the phenomenon of private universities was emerging in the country some decades ago, it used to be thought that they would remain permanently inferior to the public ones (those of the Federal Government in particular) and would never do better than they in terms of students’ performance and quality …

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Ike Nwachukwu at 80: Bulging past with a long shadow

AN old man’s bulging past casts a silent, scenic silhouette far into our present and future. The present, seeking sobering solace, runs into the sheltering shadow, wading through a thousand and one bits and pieces dropped by the receding ancient man. At 80, retired Major-General Ike Omar SandaNwachukwuis delivering precisely …

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The speaker and the journalists at a press conference

ANY question put by a journalist to the speaker at a press conference that does not upset the speaker or disrupt their emotions cannot elicit quality news items from them. However, the response to a question that makes the speaker comfortable can produce a good entertaining story and can also …

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Nigeria learnt lessons from P&ID saga –Malami

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), said on Thursday, that the Federal Government had learnt lessons from the award of $9.6billion to the Irish firm, Process and Industrial Development (P&ID) by a British Court last year. The minister stated this at a virtual international …

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Nigeria learnt lessons from P&ID saga —Malami

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), said on Thursday, that the Federal Government had learnt lessons from the award of $9.6billion to the Irish firm, Process and Industrial Development (P&ID) by a British Court last year. The minister stated this at a virtual international …

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