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Lending to real sector non-existent despite release of N400bn by FG — Oniha, DMO boss

Director General of the Debt Management Office, DMO, Ms. Patience Oniha, has said that Nigerian banks are still refusing to lend money to the real sector despite that the federal government’s release of about N400 billion into the economy last December to redeem some government securities.
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Coronation Merchant Bank’s gross earnings rise 66% to N25.2bn

Coronation Merchant Bank’s gross earnings rise 66% to N25.2bn

CORONATION Merchant Bank Limited said its gross earnings rose by 66 percent to N25.2 billion for the financial year ended December 2017 from N15.2 billion in 2016. Chief Executive Officer of the  investment bank, Mr. Abubakar Jimoh, disclosed this during the company’s third annual general meeting held in Lagos last week.
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CIBN reconstitutes governing council, elects Olowu as President

CIBN reconstitutes governing council, elects Olowu as President

THE Chartered Institute of Bankers of Nigeria, CIBN, has elected new national officers to steer its affairs for the next two years. At the head of the newly constituted Governing Council as President/Chairman of Council is Dr. Uche Messiah Olowu, FCIB, a banker of repute. Other officers elected to assist Dr. Olowu in the taskRead More
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