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Nigerian Newspaper Headlines For Today, Tuesday July 21,2020

Following its first announcement in October 2019, Nigeria’s largest bank, Access Bank PLC has announced the successful completion of the acquisition of Transnational Bank PLC, of Kenya (TNB). The Bank made this known through a statement signed by its Company Secretary, Sunday Ekwochi. “Access Bank PLC is pleased to inform the investing public and the Nigerian Stock Exchange of the Bank’s successful completion of the acquisition of Transnational Bank (Kenya) Plc. [ 225 more words ] - Leadership Newspaper

By Rosemary Onuoha As the prices of goods and services continued to skyrocket due to the Coronavirus pandemic, average fare paid by commuters for bus journey intra-city increased by 3.36 percent month-on-month, MoM, to N229.94 in June 2020 from N222.46 in May 2020. The increase was far significant Year-on-Year, at 25.76 percent. A breakdown of the figures in the data released by the Nigerian Bureau of Statistics, NBS, yesterday shows that states with highest bus fare within city were Zamfara at N487, Abuja FCT at N340, and Cross River at N326. [ 215 more words ]- Vanguard Newspaper

As MPC retains monetary policy rate at 12.5% By Michael Eboh The Central Bank of Nigeria (CBN), yesterday, disclosed that total gross credit to the economy grew by N3.3 trillion or 21.5 per cent to N18.9 trillion at the end of June 2020, from N15.56 trillion recorded previous month. This came as the Monetary Policy Committee (MPC) of the CBN retained its benchmark interest rate, the Monetary Policy Rate (MPR), at 12.5 per cent, to enable it monitor the effectiveness of previous monetary policy tools and determine their impact on the Nigerian economy. [ 431 more words ] - Vanguard Newspaper

By Olayinka Ajayi Adequate industrialisation of the cassava is the only way the country can fully benefit from the commodity as the largest producer in the world, experts and actors in the cassava value chain in Nigeria have suggested. The webinar, organised by NEPAD Business Group Nigeria, NBGN, with the theme, “Enhancing the Cassava Value Chain as Nigeria Seeks Alternative to Oil Revenue… [ 206 more words ] - Vanguard Newspaper

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Access Bank PLC Kenya Nigeria Rosemary Onuoha Sunday Ekwochi

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