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Shell targets lower methane emissions from oil and gas operations

Royal Dutch Shell announced on Monday plans to limit emissions of methane, a potent greenhouse gas, across its oil and gas operations.

Access Bank partners WorldRemit on money transfer

Internation digital money transfer service WorldRemit has partnered with Access Bank for instant money transfers to Access Bank accounts in Nigeria.

Centrabk bank orders banks to return failed transfers within 10 minutes

The new regulation covers Instant Electronic Funds Transfer Services in Nigeria on various payment channels and any payment platform that seeks to provide Instant Electronic Funds Transfer Services in Nigeria.

Federal government needs more borrowing to fund infrastructure – expert

The Federal Government is expected to take more loans if its plan to fund infrastructure is to be realised, says a Senior Analyst at Agusto & Co, Mr Jimi Ogbobine.

NAICOM insists on October deadline for insurance recapitalisation despite court order

The National Insurance Commission (NAICOM) yesterday said there was no going back on its October 1, 2018 deadline for operators in the insurance industry to shore up their capital base.

NEXIM Bank to support agriculture exports with N37 billion

Towards supporting the development of key agricultural products for export, the Nigeria Export-Import Bank (NEXIM) has earmarked the sum of N37 billion for the 36 states of the federation and the Federal Capital Territory (FCT), to diversify their revenue base.
Standard Chartered Bank Nigeria

EFCC officials storm head office of Standard Chartered Bank

Officials of the Economic and Financial Crimes Commission (EFCC) stormed the headquarters of Standard Chartered Bank in Lagos on Friday.
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

US concerned about currency swaps between Africa, China

The U.S. is concerned that increased currency swap agreements between China and African nations will reduce visibility into financial transactions and will make it harder to prevent money laundering, a senior U.S. sanctions official said.

How Nigeria loses trillions annually to illegal lottery

Mr Bello Maigari, Acting Executive Secretary, National Lottery Trust Fund (NLTF) has said that the Federal Government loses more than one trillion Naira annually due to activities of illegal lottery operators.

DMO explains borrowing from China, says no reason to panic

The Debt Management Office (DMO) has explained Federal Government’s borrowing from China amid various comments in recent times about borrowings by developing countries from the country.

Central bank, government, financial institutions promise to tackle MSMEs’ challenges

The Federal Government, Central Bank of Nigeria (CBN) and other financial institutions in the country yesterday in Abuja said challenges confronting Micro, Small and Medium Enterprises (MSMEs) would be tackled to improve nation’s economy and reduce growing poverty.
Standard Chartered Bank Nigeria

Standard Chartered pledges sustained adherence to regulations

Standard Chartered Bank Nigeria Limited yesterday has promised to continue to conduct its and remain committed to carrying on our business in compliance with all relevant laws and regulations.

LSETF opens application window for micro enterprises

According to the Fund, applicants intending to secure funding of up to N500,000 can apply for the loan at five per cent interest rate under the LSETF Loan Programme, which commenced on September 3, and closes on Sunday, September 30.

NEITI: Federal government shared N3.95 trillion revenue with states, local councils in first half...

Within the first half of this year, the federal, state and local governments in Nigeria have shared a total of N3.95 trillion from the Federation Account, the Nigeria Extractive Industries Transparency Initiative (NEITI) on Monday disclosed.

Nigerians pull out of bitcoin as cryptocurrencies crash

With a crash in the value of bitcoin last week, Nigerians are pulling back to cut down on their losses in the cryptocurrency market as their stake in the market declined dropping to N1.09 billion as against N1.51 billion which it was at the beginning of August this year.
The Vice President, Prof. Yemi Osinbajo, on Friday attended the funeral service of late Pastor Oluwayemisi Adeloye of the Redeemed Christian Church of God (RCCG).

Federal government, agency give financial support to MSMEs, others

The Federal Government, in collaboration with Abuja Enterprises Agency (AEA), has succeeded in financing 15, 000 Micro-small and Medium Enterprises (MSMEs) in Abuja.
Bank of Industry (BoI)

BoI: GEEP TraderMoni designed to benefit all other members of Nigerian trader groups

TraderMoni, one part of the two-year-old Government Enterprise and Empowerment Programme, was conceived to be of benefit to all Nigerian groups, an official of the Bank of Industry says.

Forex: Central bank injects $303 million, CNY 46.58 million into Retail SMIS

The Central Bank of Nigeria (CBN), on Friday, injected the sum $303.91 million into the interbank retail Secondary Market Intervention Sales.

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Danske Bank . Bigstock

Danske Bank chief resigns over money laundering scandal

The chief executive of Denmark’s largest lender, Danske Bank, resigned on Wednesday as the institution said it was unable to determine how much money was laundered through its Estonian branch.

Enugu CJ hails Governor Ugwuanyi on new court buildings

The Chief Judge of Enugu State, Hon. Justice Priscilla Ngozi Emehelu, has commended Governor Ifeanyi Ugwuanyi for his unrelenting efforts and unreserved commitment towards the creation and sustenance of a conducive environment for the effective administration and dispensation of justice in the state.

Zimbabwean President Mnangagwa approves $64 million budget to fight cholera

Zimbabwean President, Emmerson Mnangagwa, has approved 64 million dollars budget for immediate fight against cholera outbreak that killed at least 30 people in the capital Harare, a cabinet minister said.

Wema Bank: 13,000 people saved N7 billion through ALAT Goals

Wema Bank Plc has stated that its first fully digital bank ALAT Goals launched a year ago has helped 13,267 people save over N7 billion with an average monthly savings of N1 billion.

Businessman in court over alleged N1.1 million fraud

A 47-year-old businessman, Francis Nwaka, was on Wednesday arraigned in a Wuse Zone 6 Chief Magistrates’ Court, Abuja, for allegedly obtaining N1.1 million from a customer under false pretext.