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Tag "assets"

Senate panel: Powerful Nigerians frustrating AMCON’s efforts to recover N4.4trn loans

    Senate panel: Powerful Nigerians frustrating AMCON’s efforts to recover N4.4trn loans

The senate committee on banking, insurance and other financial institutions says some prominent Nigerians are frustrating the recovery efforts of Asset Management Corporation of Nigeria (AMCON).  The committee decried the

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APC leaders: Buhari’s administration has recovered N1trn looted funds

    APC leaders: Buhari’s administration has recovered N1trn looted funds

Some leaders of the All Progressives Congress (APC) say about N1 trillion worth of stolen funds and assets have been recovered by the Buhari administration. The APC leaders who disclosed

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LCCI advocates asset-linked debt to ease servicing burden

    LCCI advocates asset-linked debt to ease servicing burden

The Lagos Chamber of Commerce and Industry (LCCI) has asked the federal government to replace Nigeria’s existing borrowings with asset-linked debt to ease the nation’s huge servicing burden. The federal

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MTN Nigeria posts record turnover of N1.35trn in 2020

    MTN Nigeria posts record turnover of N1.35trn in 2020

MTN Nigeria Plc posted a record turnover of N1.35 trillion at the end of the 2020 financial year — which stands atop the revenue numbers of Nigeria’s listed companies. The figure

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Unity Bank grows assets by 67.9% to N492bn in 2020

  Unity Bank grows assets by 67.9% to N492bn in 2020

Unity Bank Plc says its assets base grew to N492.02 billion at the close of financial year which ended December

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FBN Holdings cuts credit losses, lifts profit to new peak in 2020  

  FBN Holdings cuts credit losses, lifts profit to new peak in 2020  

FBN Holdings Plc turned the table from a 64 percent upsurge in credit loss expenses at the end of the

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Dangote Cement boosts output capacity, lifts revenue to N1trn in 2020

  Dangote Cement boosts output capacity, lifts revenue to N1trn in 2020

Dangote Cement Plc expanded cement production and bagging capacity by 3 million tonnes in 2020 and closed the year with

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LCCI: Majority of Nigeria’s debt not tied to specific projects

  LCCI: Majority of Nigeria’s debt not tied to specific projects

The Lagos Chamber of Commerce and Industry (LCCI) says majority of Nigeria’s borrowings are not tied to assets and specific

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BoI posted 78% assets jump to N1.86trn in 2020

  BoI posted 78% assets jump to N1.86trn in 2020

The Bank of Industry (BoI) posted a 78 percent increase in assets to N1.86 trillion in full-year 2020 from N1.04

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Atlas Mara: No offer for stake in Union Bank

  Atlas Mara: No offer for stake in Union Bank

Atlas Mara Limited, a financial services group, says it has not received offers from any bank to acquire the company’s

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