Finance
Emefiele says Nigeria spends $1.2bn to import fish annually
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says about $1.2 billion dollars worth of fish is imported into…
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Finance
Finance
FG, States, Council share N740.880b
The Federal Account Allocation Committee (FAAC), in Abuja at its meeting, shared to the Federal Government, States and Local Government Councils a…
Finance
Forex intervention: CBN injects $314.74m, CNY 23.5m into Retail SMIS
In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, September 20, 2019,…
Finance
MPC retains MPR at 13.5 recommends privatisation of assets
The Monetary Policy Committee (MPC) has retained the Monetary Policy Rate (MPR) at 13.5 per cent. Mr Godwin Emefiele, the Governor of…
Finance
FCMB Excites More Customers with Cash, Gifts at the “Millionaire Promo Season 6’’ Third Draws
On Wednesday, September 18, 2019, FCMB delighted and empowered another set of 644 customers with cash and various exciting gifts at the…
Finance
Excess Crude Account depleted to $274.583m
Nigeria’s Excess Crude Account has been depleted to an all time low of $274.583 million. The amount can not tide Nigeria over…
Finance
Etinosa Yvonne emerges winner of 2019 Access Bank Art X prize
Budding documentary photographer, Etinosa Yvonne, has been announced as winner of the highly-coveted 2019 Access Bank Art X prize during the official…
Finance
P&ID pleads guilty of fraud, tax evasion, to forfeit assets
Process and Industrial Development P&ID, that won an arbitration case of $9.7 billion against the federal government of Nigeria has pleaded guilty…
Finance
Nigerian Equities market resumes Bearish run, investors lost N42.7bn
In today’s trading session, selloffs in GUARANTY (-1.9%), ZENITHBANK (-1.8%) and ACCESS (-3.3%) dragged the benchmark index 13bps lower to 27,646.15 points. As…
Finance
CBN okays AIP to 3 payment service banks
In line with its objective of enhancing financial inclusion and the development of the payment system by increasing access to deposit products…
Finance
Gains in Bellwether stocks buoyed market by N133bn
Nigerian equities market rebounded with N133 billion after two days of consecutive downward trend. Specifically, the market capitalisation which opened at N13.342…
Finance
FMBN needs N500bn recapitalisation to provide affordable houses …Umar Abdullahi
Executive Director,Business Development & Portfolio Mgt, Federal Mortgage Bank of Nigeria, FMBN Mr Umar Abdullahi, has said that the bank needs urgent…
Finance
CBN reduces, unbundles charges on electronic merchants collections, grants incentives
Central Bank of Nigeria CBN, has said that nationwide implementation of Cash-less policy will begin in March 2020. A statement issued by…
Finance
European Parliament backs Lagarde as next ECB president
The European Parliament has backed the choice of Christine Lagarde, the former Head of the International Monetary Fund (IMF), as the next…
Finance
FG sets up inter-agency task force to recover N5trn owed AMCON
The Federal Government has taken another determined step in its bid to recover over N5 Trillion outstanding debts owed the Asset Management…