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Ecobank Nigeria announces appointment of key officers

Ecobank Nigeria has announced the appointment of key Management Officers across various levels. Amongst those appointed are Kenneth Okere, who is now the Company Secretary & Chief Legal Counsel; Ibukunoluwa Oyedeji, Chief Financial Officer (CFO); Abiola Aderinola, Financial Controller; Adetokunbo Uko, Treasurer and Akintunde Dawodu, Chief Compliance Officer and Head, Compliance & Control.

Nigerian returns $80,000 bitcoins transferred to him in error

Radio France Internationale has reported the story of a Nigerian who returned to its rightful owner $80,000 worth of bitcoins mistakenly transferred to his account. Amidst reports of some bad Nigerians, this is a story worth to share and cheer.

Nigeria spends $1.2 billion to import fish annually – central bank chief

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says about 1.2 billion dollars worth of fish is imported into this country annually.

Official: Central bank, governors agree to develop agric sector

The Central Bank of Nigeria (CBN) and governors of the 36 states of the federation on Thursday agreed to pool resources to develop the agricultural potentials in their domains and create jobs.
The Federal Mortgage Bank of Nigeria (FMBN) plans to recapitalise to the tune of N500 billion, its Managing Director, Mr Ahmed Dangiwa, has said.

Federal mortgage bank seeks N500 billion recapitalisation fund

Mr. Umar Dankane, Executive Director, Business Development and Portfolio Management of the Federal Mortgage Bank of Nigeria has said that the bank needs a N500 billion recapitalisation fund for optimal performance.

CBN commences charges on cash deposits

The Central Bank of Nigeria has announced the commencement of charges on deposits in addition to already existing charges on withdrawals.
Political Economist and Public Service Reforms advocate, Dr. Joe Abah, has explained to Seun Onigbinde the implications of accepting public office appointment after being a critic of the same administration.

Cashless policy: CBN’s directive without sensitisation reminiscent of military dictatorship – Joe Abah

Public reforms advocate, Dr. Joe Abah, has said that the Central Bank of Nigeria acts as if the nation is still under military rule, criticising the way it issued the latest cashless policy directive.

CBN: MPC meeting to hold earlier than scheduled

The Central Bank of Nigeria (CBN) has rescheduled the Monetary Policy Committee (MPC) meeting for the month of September.
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.

CPS: Retirees pay N371.21 billion to life insurance firms

The National Pension Commission (PenCom) has said retirees from the public and private sectors had since the inception of the Contributory Pension Scheme (CPS) paid N371.21 billion premium to life insurance companies managing annuity accounts.

Bank customers begin payment of charges for cash deposits, withdrawal

The Central Bank of Nigeria, CBN, has said customers making cash deposits or withdrawals will pay charges beginning from today in line with its new policy.

CBN: Nationwide cashless policy begins March 31, 2020

The Central Bank of Nigeria (CBN) on Tuesday disclosed that the long-awaited cashless policy takes off nationwide from March 2020.
Debt Management Office (DMO)

Federal government to auction N150 billion bonds on September 25

The federal government has offered for subscription by auction N150 billion worth of bonds in its Sept. 25 auction, the Debt Management Office (DMO) said.

Experts advocate broadening, transparency in tax revenues

Experts have called on the federal government to restructure the finances of the country such that the share of the nation’s revenue that it earns from taxation is judiciously utilised calling for more transparency.

August inflation moderates to 11.02 percent as disinflation continues

The consumer price index (CPI) which measures inflation went down marginally by 0.06 percent points lower than the 11.08 percent recorded in July 2019 to 11.02 percent (year-on-year) in August 2019.

CBN reschedules MPC meeting to Thursday

The Central Bank of Nigeria has rescheduled it’s Monetary Policy Committee meeting to Thursday and Friday this week.
Banco de Fomento Angola (BFA)

BFA Angola seeks $50 million loan under Afreximbank’s TCP

An Angolan bank, Banco de Fomento Angola (BFA) has signed on to the African Export-Import Bank (Afreximbank) Trade Facilitation programme (AFTRAF) for an initial $50 million line of credit, thus becoming the first Angolan bank to sign on to the programme designed to support African banks to bridge the gap created by the withdrawal of international correspondent banks from the continent.
Bank of Agriculture - BoA

Anchor Borrowers: BOA’s N84 billion reached 500,000 farmers directly – MD

The Managing Director of Bank of Agriculture (BOA), Malam Kabir Adamu, has said that the Bank disbursed N84 billion to farmers during the Anchor Borrower Program (ABP) of the Central Bank of Nigeria (CBN).

ECOWAS single currency will reduce dependency on the West – Sierra Leonean envoy

A high Commissioner of Sierra Leone to Nigeria, Dr. Solomon Gembeh, says implementation of the Economic Community of West Africa State (ECOWAS) single currency will reduce the dependency of member states on the west.

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[FILES] This aerial picture shows smouldering peatland after a fire blaize. (Photo by ADEK BERRY - AFP)

Gabon to be first African nation paid to fight deforestation

Gabon will become the first African country paid with international funds to preserve its forests in an effort to fight climate change, the United Nations said Sunday.
Ogun state governor Prince Dapo Abiodun has tweeted his real official portrait, as against the image that is being circulated by street traders in Abeokuta, the capital.

Ogun may establish two additional universities

The Ogun State Government has revealed that it may establish two additional universities to address the agitation of the people of the Central and Western Senatorial districts respectively.

Kogi Speaker receives defectors into APC

The Speaker of Kogi State House Assembly, Hon. Mathew Kolawole, has formally received some members of the opposition parties who recently defected to the ruling All Progressives Congress (APC).

‘Yahoo boy’ runs mad, strips self naked in Ekiti

There was drama on a major highway in Ado Ekiti, the Ekiti State capital, when a young man suspected to be an Internet fraudster ran mad in full public glare on Sunday evening.

Bandits release 30 more captives in Zamfara

The peace efforts initiated by the Zamfara government have continued to yield more fruits with 30 additional captives released by bandits on Sunday, after eight months in captivity.