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Investors gain N284.53bn on NSE

Investors gain N284.53bn on NSE

The value of equities listed on the Nigerian Stock Exchange, NSE, appreciated by N284.53 billion last week occasioned by impressive first quarter financial reports released by various companies.

Foreign investors take $2.7bn out of Nigeria in three months

Foreign investors take $2.7bn out of Nigeria in three months

Foreign investors took $2.74 billion out of Nigeria in the first three months of 2013. This was indicated by the Central Bank of Nigeria (CBN) in its economic report for the first quarter of 2013. According to the report, foreign exchange outflow from the economy in the first was $6.54 billion.

We’ll make Egypt safe for AIO delegates – LOC

We’ll make Egypt safe for AIO delegates – LOC

Egyptian officials have given firm assurances that necessary precautions have been taken to ensure the safety of the 700 delegates before, during and after the 40th African Insurance organisation national assembly/conference. The Chairman of the Local Organising Committee, LOC and also the chairman of Insurance Federation of Egypt, Mr. Abdel Raouf Kotb speaks on the safety and well being of Nigerians, and other delegates in this interview.

Resign now, Kojo tells F/Eagles coach

Resign now, Kojo tells F/Eagles coach

Former Chairman of the Nigeria Football Federation (NFF) Anthony Kojo-Williams has condemned the Nigeria Football Federation for dropping five players from the Flying Eagles squad to next month’s FIFA U-20 World Cup in Turkey, without the consent of Coach John Obuh.

As vultures appalud imminent debt TRA

As vultures appalud imminent debt TRA

Lately, the Federal Government’s enthusiasm for further national debt accumulation has become more strident, especially after the IMF’s suggestion that Nigeria is currently under-borrowed, and therefore recommended increasing the borrowing threshold of 20% of gross domestic product to about 56% of GDP.

Bank of Agriculture takes mobile banking to farmers

Bank of Agriculture takes mobile banking to farmers

For Nigerian farmers, a new revolution is in the offing as the Bank of Agriculture (BOA) and Cellulant of Kenya sign a deal to provide mobile banking services to Nigerian farmers in a fresh push for financial inclusion among the rural populace.

WORLD BANK REPORT: Matters arising

WORLD BANK REPORT: Matters arising

“Nigerian economic statistics reveal a puzzling contrast between rapid economic growth and quite minimal welfare improvements for much of the population. Annual growth rates that averaged over seven percent in official data during the last decade place Nigeria among the fastest growing economies in the world”. World Bank Report.