finance
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Tokyo stocks closed lower on Monday, as investors stayed cautious before the release of earnings reports by major Japanese companies later this week. Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 49.65 points, or 0.13 percent, from Friday at 38,179.46. The broader Topix index, meanwhile, finished 4.13 points, or 0.15 percent,…
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When will interest rates be cut? The Bank of England will announce its latest base rate decision on Thursday lunchtime – but no one is expecting a cut from the current 5.25%. It’s widely thought rates have reached their peak – they’ve been at their highest level for 16 years since August. But market forecasts…
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1. Fees and charges One of the most obvious and tangible aspects of banking services is how much they cost you. Fees and charges can include monthly maintenance fees, transaction fees, overdraft fees, ATM fees, foreign exchange fees, and more. Some banks may offer fee waivers or discounts if you meet certain conditions, such as…
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Nigerian singer, Oluwatobiloba Daniel Anidugbe, aka Kizz Daniel, has revealed that he made N285 million in a day. The ‘Twe Twe’ crooner disclosed this during a ‘Truth or Dare’ session with fans on X on Saturday. A fan asked, “How much did you make today? @KizzDaniel” Kizz Daniel simply replied, “285m.” However, the singer claimed…
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The Nigerian Federal Government plans to raise N2.5 trillion in its second FGN bonds auction. In a circular issued on Wednesday, the Debt Management Office stated that the offerings consisted of N1.25 trillion with a maturity date of February 2031 and N1.25tn with a 10-year tenor. FGN savings bonds are part of the federal government’s…
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The Central Bank of Nigeria (CBN) hit the nail on the head yesterday when it accused commercial banks of hoarding over $5 billion in foreign currencies against the threshold approved by the apex bank. CBN blamed the prevailing forex scarcity and naira’s free-fall against the dollar on the actions of the Deposit Money Banks (DMBs).…
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In one-fourth of the crowdfunding campaigns (n = 96, 25.26%) individuals blamed the sickness fund and referred to gaps in service provision. Those gaps were almost exclusively related to the range of services provided by the sickness funds. Prominent examples of such gaps include additional, alternative and complementary therapies, rehabilitation after injury or cancer, and equipment to…
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Medical crowdfunding might be a viable option for those scientifically proven treatments which are not financed by the German statutory health insurance system for some reason. When funding is requested for a non-resident, a safety gap exists in a system other than the German statutory healthcare system. When funding is requested for an insured individual,…
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Farmers will see ‘huge losses’ as calls made for compensation to be given Farmers are likely to see “huge losses” after a relentless season of storms, one flood-hit grower has said. It comes as the National Farmers’ Union (NFU) called for compensation to be given to those holding flood water in their fields. Farms across…
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Yorkshire Building Society has become the latest lender to confirm it will cut mortgage rates, with full details to be announced next week. It comes after HSBC unveiled reductions to its range on Wednesday, including a five-year deal below 4%. First Direct, a division of HSBC, is also expected to announce mortgage rate cuts on Friday…
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As the 2023 financial year winds up, the Office of the Accountant General of the Federation (OAGF) has issued a stern notice to all Ministries, Departments, and Agencies (MDAs) regarding the closure of 2023 accounts and the commencement of 2024 budget access. The notice came in the annual Federal Treasury Circular with reference number TRYA7&B7/2023/OAGF/CAD/026/Vol.V/823…
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The embattled former Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, has been released from Kuje prison. Umar Abubakar, the Nigerian Correctional Service (NCoS) spokesman, confirmed this on Saturday. Abubakar said Emefiele was freed on Friday from Kuje prison after fulfilling his bail conditions. “Godwin Emefiele has been released on Friday. The…
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Amid China’s economy struggles to recover and unemployment remains high, the country’s indebted population is growing at a rapid rate, Voice of America reported. VOA quoting a report from the Financial Times said that defaults by Chinese borrowers have surged to a record high since the pandemic, with authorities blacklisting 8.54 million people from economic…
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Had US President Joe Biden not talked about bringing “high-speed rail to our nation” during his recent trip to Las Vegas, it would have continued to pass most people’s notice that the United States does not have a single high-speed railway line. When the US rose to the world stage in the late 19th and…
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The Central Bank of Nigeria (CBN), has assured the banking public that Nigerian banks are buoyant. The CBN said this in a statement issued by its Acting Director, Corporate Communications, Hakama Sidi Ali. Ali’s statement was informed by reports in sections of the Nigerian media that some Deposit Money Banks had failed the apex bank’s…
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