ABUJA—At the end of its monthly meeting, yesterday, the Federation Accounts Allocation Committee, FAAC, shared N619.857billion to the three tiers of government as revenue generated for the month of February 2019, but shared in March 2019.
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Finance
Tony Elumelu Foundation picks 3,050 entrepreneurs for 2019 programme
The Tony Elumelu Foundation (TEF) has selected 3,050 African entrepreneurs, drawn from all 54 African countries, to join the 5th cycle of its $100 million TEF Entrepreneurship Programme this year.
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Operators commend CBN’s review of minimum capital base for MFBs
Microfinance Bank operators in the country have commended the Central Bank of Nigeria, CBN, for reviewing the minimum capital requirement for the industry as well as the extension of the recapitalisation deadline.
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SUNU Assurance to explore retail market to enhance stakeholders’ value
Fidelity Bank rewards savings culture with N13m
IN a bid to encourage savings culture and support the Central Bank of Nigeria’s financial inclusion strategy, Fidelity Bank has given out N12 million cash prizes and 18 consolation prizes to 30 customers in the fifth draw of its Get Alert in Millions (GAIM) season three promo.
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NIBSS, banks, to implement real time reversals by PoS by April
MPC to retain policy rates as DMO floats N100bn bond auction
IN spite of the two months consecutive decline in inflation rate, improved stability of the exchange rate and decline interest rate on fixed income instruments, the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, is expected to retain the Monetary Policy Rate, MPR, and other benchmark rates at same level at the end of its 266th meeting holding today and tomorrow.
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SEC moves to revive margin lending
Operating online savings account
ONLINE savings accounts are accounts offered by financial technology companies (FinTechs). Compare to savings accounts offered by deposit money banks, online savings accounts require less documentation and offer fast account opening processes.
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Analysts bet on Unilever, Seplat shares, others
INVESTMENT analysts in the capital market have expressed optimism on the possibility of shares of Unilever Nigeria Plc, Seplat Petroleum Development Company, and Eterna Plc performing well this year and recommended them for a buy.
Continue reading Analysts bet on Unilever, Seplat shares, others at Vanguard News Nigeria. …