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CBN not boosting confidence in MfBs – Whensu

The industry is still very young; some have foreign body assisting them in terms of funding. This business needs funding. N2 billion to N20 billion is quite a huge difference and the kind of business that an association can do with N2 billion, N20 million cannot do it. Size also matters in this business. If you also observe, the big names that control 40 percent of industry total assets also have foreign partners behind them, so to access funding is very easy.

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External reserve sets to hit 30-month high of $32bn

NIGERIA’s external reserve is set to hit a 30-month high of $32 billion by the end of this month.Data from the Central Bank of Nigeria (CBN) showed that the external reserve rose to $31.55 billion on August 16, from $30.84 billion on July 31, representing increase of $710 million in 16 days. This trend is expected to persist in the second half of August driving up the reserve to the $32 billion mark.

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Why we are equipping stockbrokers for international trading — CIS President

IN recent times, the stockbroking community has been making series of effort to gain international visibility through various programmes and collaboration with their counterparts in other markets. In this interview with Financial Vanguard, Mr. Oluwaseyi Abe, President/Chairman of the Chartered Institute of Stockbrokers, CIS, provided an insight into the quest, saying that the collaborations are
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Diamond Bank to train 50 budding Nigerian entrepreneurs

DIAMOND Bank Plc has set the stage for the selection, training and empowerment of 50 more entrepreneurs in the seventh edition of its Building Entrepreneurs Today (BET) initiative.DIAMOND Bank Plc has set the stage for the selection, training and empowerment of 50 more entrepreneurs in the seventh edition of its Building Entrepreneurs Today (BET) initiative.

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Guaranty Trust Bank: Enhanced operational efficiency book quality support earnings

EQUITY investors’ in the Nigerian stock market   appear to be swinging back on bull-side of the stock of Guaranty Trust Bank Plc (GTB) after a frosty-footed reaction to the half year, 2017 (H1’17) earnings and benefits announcement by the bank’s board early last week. The share price had headed south, dropping 6.1 per cent within the first two days trading post-result announcement.

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New head office annex has little impact on bottom line — Sterling Bank CEO

significant impact on the bottom-line.MANAGING Director and Chief Executive of Sterling Bank, Mr. Yemi Adeola, has said that the cost of constructing the bank’s new head office annex will not have significant impact on the bottom-line.He stated this while inspecting the head office annex, in company of the bank’s chairman, Mr. Asue Ighodalo.Adeola said despite the significant amount spent on the construction of the annex, the impact on the bottom-line would be less when it is amortized over time.

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