Nigeria Breaking News Today Headlines Tuesday 20th August 2019
Here are some of the Nigeria Breaking News Today Headlines on some of the newspapers.
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target=_blank>42 FRSC officials, agents arrested for extortion
Thirty-seven officials of the Federal Road Safety Commission (FRSC) and five of their suspected agents, have been arrested for allegedly extorting motorists. The officials were arrested by a joint inter-agency team, comprising the Independent Corrupt Practices Commission (ICPC), FRSC and Department of State Services (DSS), operating in Kaduna, Bauchi, Abia, Rivers, Kogi and Ogun states.
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target=_blank>Anambra: I didn’t collect N15m bribe –CP
…parades 85 suspected cultists Anambra State Commissioner of Police, Mr. John Bassey Abang, yesterday denied collecting N15 million bribe for the release of Mr. Emeka Agumadu, Awka main market leader, who was accused of sponsoring cultists. Speaking yesterday to a crop of journalists, Abang said that no such of money was paid to
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target=_blank>Report: Emefiele, fund managers meet in London
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, met fund managers in London last week to lure investors back into the local naira currency, Reuters reported two banking sources as saying yesterday. Emefiele told investors that currency stability would continue, a fund manager and a banking source said. The naira weakened to 364 last
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target=_blank>Fidelity Bank adopts open banking
Fidelity Bank has signed a Memorandum of Understanding with Open Technology Foundation (OTF) for the adoption of a standard Application Programming Interface (API) for its operations as a financial institution. Open banking is a system that provides a user with a network of financial institutions’ data through the use of application programming interfaces (APIs). The
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target=_blank>Sterling Bank’s Cafe One hosts 2019 Caine Prize winner
Cafe One, Nigeria’s first digital, hybrid experience centre by Sterling Bank Plc, recently hosted award winning Nigerian writer, Lesley Nneka Arimah, in collaboration with Farafina Books. She is the author of a collection of short stories titled, “What It Means When A Man Falls From The Sky,” which won the 2019 Caine Prize for Africa.
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target=_blank>NSE begins week bullish, gains N93bn
Trading activities on the floor of the Nigerian Stock Exchange (NSE) yesterday commenced the week on a positive track as the overall market performance indices firmed up with a gain of 0.71 per cent. Transactions on the stock market had last Friday recorded a decline to close on the red territory following depreciable demand by
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target=_blank>CBN:Bad debt ratio drops to 9.36%
The Non-Performing Loan (NPL) ratio in the country’s banking system dropped to single digit at 9.36 per cent in June 2019 for the first time in about three months, the Central Bank of Nigeria (CBN) has said. Deputy Governor in charge of Financial System Stability at the apex bank, Mrs. Aishah Ahmad, stated this in
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target=_blank>Nigerian bourse lists Greenwich Alpha ETF
The Nigerian Stock Exchange (NSE) yesterday listed Greenwich Asset Management Limited’s ‘Greenwich Alpha ETF on its daily official list. The Greenwich Alpha ETF units were listed at N100 each following an Initial Public Offer (IPO) on Monday, August 19, 2019. Greenwich Alpha is an open-ended ETF, which tracks the NSE 30 Index. The index constitutes
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target=_blank>Zenith Bank posts N89bn net earnings in HY ’19
Zenith Bank Plc has recorded a profit after tax of N88.882 billion for the half year ended June 30, 2019 as against N81.737 billion reported in 2018, representing a growth of 8.74 per cent. In a filing with the Nigerian Stock Exchange (NSE), the group’s pre-tax profit also rose by 4.02 per cent from N107.358
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Equities: FMDQ mulls listing firms
FMDQ Securities Exchange has said that following the approval by the Securities and Exchange Commission (SEC), moving it from ‘an OTC Market’ to a full-fledged ‘Securities Exchange, it is planning among other things to enter the equity market. Addressing journalists on the development, the Managing Director/Chief Executive Officer of the firm, Mr. Bola Onadele Koko, […]
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