Daily Archives: November 9, 2020

ECONOMY: World Bank’s Projection of Slower Diaspora Remittance to Nigeria, Negative for Exchange Rate…

ECONOMY: Production Level Rise ahead of Festive Period Despite Slowing Demand Triggered by Inflation…

CWR, Cowry Weekly Financial Market Review Outlook Friday, November 6, 2020

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BOI to promote enterprise in Ekiti with N1bn loan

BOI to promote enterprise in Ekiti with N1bn loan

The Bank of Industry has expressed the bank’s readiness to provide credit facilities to the tune of one billion naira to empower entrepreneurs in Ekiti State. BOI Manager (Ondo and Ekiti states), Mr Seyi Ashaolu, said the bank was ready ...

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We owe CBN more than N4tn, says AMCON

We owe CBN more than N4tn, says AMCON

The Asset Management Corporation of Nigeria has said it owes the Central Bank of Nigeria more than N4tn. AMCON was established by the Federal Government in 2010 to buy bad debts from banks and ensure stability in the financial sector. ...

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#EndSARS protest disruption costs economy N1.5tn – FDC

#EndSARS protest disruption costs economy N1.5tn – FDC

The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021 budget, Financial Derivatives Company Limited has said. “This suggests that the economic recovery path could be ...

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Tank fire won’t disrupt fuel supply, says MOMAN

Tank fire won’t disrupt fuel supply, says MOMAN

The Major Oil Marketers Association of Nigeria has said the recent fire outbreak at the depot of one of its members, OVH Marketing Limited, will not cause product supply disruptions. MOMAN said in a statement on Sunday that the fire, ...

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