Daily Record

Ray of hope as Nigeria’s COVID-19 figures dwindle.

With the continuous increase in the rate of recovery from the dreaded Coronavirus, Nigeria appears to be winning the war against the pandemic that has wreaked havoc across the globe. Data gathered from the Nigerian Centre for Disease Control by P+ Measurement Services in the month of August saw Nigeria recording …

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AMCON takes over Hydro Hotels over N600m debt

The Asset Management Corporation of Nigeria (AMCON) has recorded another victory over an obligor whose total indebtedness is over N600million with the takeover of the assets of Hydro Hotels Limited. This was confirmed during the weekend by Mr. Jude Nwauzor, who is Head of the Corporate Communications Department at the …

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Access Bank earns N61bn in H1 2020

Access bank Plc, Nigerian tier-1 bank, and biggest in customer size has released its half-year ended June 2020 financial statement. The results revealed that the lender grew its Post Tax Profit by 1% Year-on-Year (YonY) to N61.0 billion from N61.8 billion. The Bank has therefore proposed an Interim Dividend of …

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CBN pegs maximum loan for gas intervention fund at N10bn

The Central Bank of Nigeria (CBN) has pegged the maximum loan an obligor can access under its N250bn intervention fund for the gas sector at N10bn. It made this known in a guideline titled ‘Framework for the implementation of intervention facility for the national gas expansion programme’, which was released …

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