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Bank of Agriculture - BoA

Minister: Federal government to finalise Bank of Agric recapitalisation in 90 days

The Federal Government says it will finalise the recapitalisation of the Bank of Agriculture (BoA) in 90 days, in collaboration with the Bureau of Public Enterprise.
Good times are underway for Micro, Small and Medium Enterprises (MSMEs) in the country as Jaiz Bank Plc, the premier non-interest bank has secured an N3 billion financing facility from the Bank of Industry (BOI) to boost and develop their operations.

Jaiz Bank secures N3 billion from BOI to finance MSMEs

Good times are underway for Micro, Small and Medium Enterprises (MSMEs) in the country as Jaiz Bank Plc, the premier non-interest bank has secured an N3 billion financing facility from the Bank of Industry (BOI) to boost and develop their operations.

NBS: Inflation rate drops to 11.25% in March

The National Bureau of Statistics on Tuesday released the Consumer Price Index, which measures inflation with the index dropping to 11.25 per cent (year-on-year) in March 2019.

TSA: Group probes federal government, wants total accruals, expenditure made known

The United Global Resolve for Peace on the Treasury Single Account has called on the Federal Government to disclose the total amount that had accrued to the Treasury Single Account since its implementation.
Google

Google Pay now automatically imports loyalty cards and tickets from Gmail

Google Pay can now automatically import loyalty cards, tickets, and offers from your Gmail account. The feature, first spotted by 9to5Google, advertises that by using it “You won’t get more offers, it will just be easier to use them.”
Islamic Development Bank (IsDB) has started marketing a five-year dollar sukuk, or Islamic bond, a document issued by one of the banks showed.

Islamic Development Bank starts marketing 5-year-dollar sukuk

Islamic Development Bank (IsDB) has started marketing a five-year dollar sukuk, or Islamic bond, a document issued by one of the banks showed.
Nigeria’s Minister of Finance, Zainab Ahmed on Wednesday debunked claims that the Federal Government was planning to reduce the number of children that a mother could have in Nigeria.

Finance minister: How federal government will spend $15 billion green bond

The Minister of Finance, Zainab Ahmed, on Sunday, at the 2019 Spring Meetings of the World Bank Group (WBG) and International Monetary Fund (IMF), in Washington disclosed that proceeds from the Federal Government’s second $15 billion Green Bond will be used in financing agriculture, power, health and water resources sectors of the economy before the end of 2019.
Acting Finance Minister of Finance Zainab Ahmed

Nigeria’s Excess Crude Account most poorly managed – report

Nigeria’s Excess Crude Account (ECA) has been ranked as the most poorly governed among similar funds operated by resource-rich countries in Sub-Saharan Africa, a new report by the Natural Resource Governance Institute (NRGI) has shown.
UBA - United Bank for Africa

UBA asks court to wind up Sahara Energy over N15 billion loan

United Bank for Africa Plc (UBA) has filed a winding up petition before a Federal High Court in Lagos against a petroleum resources company, Sahara Energy Resources Limited, over an alleged inability of the firm to pay a debit of $42,282,430.49 (equivalent to N15,221,674,976).

IMF clarifies report on Nigeria’s Sovereign Wealth Fund

The International Monetary Fund (IMF) on Friday clarified its categorisation of Nigeria as one of the countries with the worst use of the Sovereign Wealth Fund.

Godwin Emefiele: Nigeria ready for business

The Central Bank of Nigeria (CBN) has assured investors and the international community that the country having gone through a successful election, was ready for investments.

Federal government commits to improved funding of NSIA

The Federal Government says it will use revenue accrued in the Excess Crude Account (ECA) to improve the funding of the Nigeria Sovereign Investment Authority (NSIA).

Central bank chief Emefiele woos investors

The Central Bank of Nigeria (CBN) has assured investors and the international community that the country having gone through a successful election, was ready for investments.
Indications have emerged that Heritage Bank Plc yesterday on an order of Federal High Court Ikoyi Division seized the property of Smooth Promotions Limited, owner of Hip TV, owned by Ayo Animashaun, situated at No. 4 Ogundana Street, Off Allen Avenue, Ikeja; Lagos following inability to pay back the bank loan worth Hundreds of Millions.

Indebtedness: Heritage Bank takes over Hip TV

Indications have emerged that Heritage Bank Plc yesterday on an order of Federal High Court Ikoyi Division seized the property of Smooth Promotions Limited, owner of Hip TV, owned by Ayo Animashaun, situated at No. 4 Ogundana Street, Off Allen Avenue, Ikeja; Lagos following inability to pay back the bank loan worth Hundreds of Millions.

Official: Central bank disburses N174.48 billion under anchor borrowers programme

The Central Bank of Nigeria (CBN) says it has so far cumulatively disbursed N174. 48 billion through 19 financial institutions under its Anchor Borrowers Programme since 2015.

Federal government rejects IMF report on sovereign wealth fund

The latest report by the International Monetary Fund (IMF) ranking Nigeria as the world’s second worst user of sovereign wealth funds is “fundamentally flawed”, the federal government says.

IMF cautions Nigeria, others against borrowing from China

The International Monetary Fund (IMF) has warned Nigeria and other emerging market countries taking excessive loans from China to consider the terms of such facilities, especially their compliance with the Paris Club arrangements.

NECA urges federal government to stop stamp duty charges

The Nigeria Employers’ Consultative Association, NECA, has appealed to the Federal Government to stop deducting stamp duty charges from bank customers in the country.

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NSITF Board: Ministry accuses labour of disrupting inauguration

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Senator Akpabio: I have no regret joining APC

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Chelsea reach Europa semis despite alarming second half

Chelsea beat Slavia Prague 4-3 in a thrilling encounter to book their place in the Europa League semi-finals despite an alarmingly complacent second-half performance at Stamford Bridge on Thursday.

Federal government has 58 roads, bridges ongoing projects in Southeast – minister

The Federal Government has 58 ongoing road and bridge projects in the South East, Minister of State for Power, Works and Housing, Alhaji Mustapha Shehuri, has said.