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Criticism trails CBN’s decision to hike MPR to 14%

CBN Governor, Mr Godwin Emefiele

The Central Bank of Nigeria(CBN), yesterday, jerked up its Monetary Policy Rate (MPR)to 14 per cent, attracting criticism from business experts who predicted that the hike will lead to increased corporate failures, unemployment and decline in the nation’s stock market.

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Gov Central Bank of Nigeria, Central Bank of Nigeria

Pan-African banks will help drive financial inclusion- Oduoza

The outgoing Managing Director/ Chief Executive Officer, United Bank for Africa, UBA, Mr. Phillip Oduoza has emphasised that the existence of Pan African banks across the African continent will help drive financial inclusion and expand trade in the continent To this development, he called for increased collaboration among African central banks in order to drive intra-African trade on the continent. He also stated that UBA Plc’s Non Performing Loan, NPL has gone down to 1.7 per cent, even as it diversified its earnings through its subsidiaries across the Africa continent.

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World FM Day: Stakeholders advocate sustainable facilities management

As the world last week commemorated this year’s World Facilities Management Day, facilities management practitioners who gathered at “The Nigerian FM Round Table 2016” put together by Alpha Mead Facilities & Management Services Ltd, a leading facilities management firm, have advocated the need for sustainability of facilities management.

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A typical mass housing development

Why you need building plan approval

After ownership of land, one of the most intricate aspects of erecting a structure is processing a building plan approval. Having buildings erected on a large expanse of land without building plan approval is like running a government without laws guiding it. Building plans are the first tangible thing that depicts the picture of the buildings we have imagined. Building plans are the graphical representation of what a building will look like after construction and also helps in the process of evaluating the cost of erecting such a structure.

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NDIC calls for stiffer penalties against insider loans abuses

Nigeria Deposit Insurance Corporation (NDIC) has called for stiffer penalties against insider loans abuses in the nation’s banking industry. Managing Director/Chief Executive of the Corporation, Alhaji Umaru Ibrahim made this call while receiving the newly elected President and Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Professor Segun Ajibola, at the NDIC headquarters in Abuja, at the weekend.

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