AfDB earmarks $250 million for water, sanitation projects in Abuja
The African Development Bank (AfDB), has revealed that the bank will invest $250 million in the Federal Capital Territory (FCT) water and sanitation integrated project. The project is aimed at improving water supply and sanitation in the satellite towns.
Access Bank gets final nod to acquire Kenyan Transnational Bank
Access Bank Plc says it has secured final approvals of all relevant regulatory authorities in Kenya for the acquisition of Kenya-based Transnational Bank Plc (TNB).
Central bank, government pledge support for cotton farmers in Ekiti
The Central Bank of Nigeria, (CBN) has assured members of National Cotton Association of Nigeria (NACOTAN) Ekiti chapter of its financial assistance to enable them embark on massive production of cotton in the state.
DMO: Nigeria public debt stands at N26.2 trillion
The Debt Management Office (DMO) says the total public debt as at September 2019 stood at N26.215 trillion.
New VAT rate takes off as President Buhari signs Finance Bill into law
The increase of the Value Added Tax (VAT) rate from 5 per cent to 7.5 per cent has taken effect following the signing into law the Finance Bill, 2019, by President Muhammadu Buhari on Monday.
Cowry Asset: Forex market to witness stability in 2020
The foreign exchange (forex) market will witness stability in 2020, while the Central Bank of Nigeria (CBN) will continue to sustain its Open Market Operation (OMO) sales at high interest to continue to attract foreign investors.
Central bank defends naira with $16.56 billion In 12 months
Analysis of the regulator’s half year report showed that the apex bank defended the local currency with $8.28 billion through its direct intervention within the first six months of 2019. Financial analysis estimated that the same level of intervention, or even higher amount applied in accompanying six months ended December 2019.
Chijioke Odum: Why Nigeria topped Bitcoin Google search in 2019
Indications have emerged that Nigeria is tilting towards this digital way of asset and money exchange as evident in the Google summation that Nigeria leads other African countries in the Google search engine on bitcoin in 2019
President Buhari congratulates FirstBank chief on international award
President Muhammadu Buhari has felicitated with the Managing Director/Chief Executive Officer, FirstBank Limited, Dr Adesola Adeduntan, on his award of Distinguished Alumnus of the Year by Cranfield School of Management, United Kingdom.
Central bank retains minimum 65% loan deposit ratio
The Central Bank of Nigeria says it has retained the minimum 65 per cent of Loan Deposit Ratio in the interim.
North America, Mexico suffer $44 billion loss to forex
At a time when the global economy is slowing and trade wars are raging, currency volatility is a critical way companies are losing ground to their competitors.
Central bank releases framework to address payment system
The Central Bank of Nigeria on Monday released the Nigerian Payments System Risk and Information Security Management Framework to guide the management of risks associated with the payments system in Nigeria.
2020: A year to turn around insurance industry – NAICOM
The National Insurance Commission (NAICOM) says 2020 is a year to turn around the fortunes of the insurance industry.
Oil, gold prices soar, equities tumble as Donald Trump tweets war
Oil prices surged, gold hit a more than six-year high and most equities tumbled Monday after the US assassination last week of a top Iranian general fanned fears of a major conflict in the Middle East.
CBN: Completed e-payment transactions hit N203 trillion
Electronic payment (e-payment) transactions worth N203.35 trillion were carried out by banks between January and June 2019, Central Bank of Nigeria (CBN) half-year e-payment figures have shown.
Ecobank chief urges youths to embrace savings culture
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, has called on students and youths to imbibe the habit of saving, stressing that it would make them financially responsible and stable.
Anchor borrowers’ programme: I will make sure farmers pay back loans – RIFAN chief
The Chairman of Rice Farmers Association of Nigeria, Nasarawa State Chapter, Alhaji Abbas Ramallan, has urged its members to repay the farm inputs loan they received under the Federal Government’s Anchor Borrowers’ Programme.
Discover effective methods of prediction in the Forex market
Success in the foreign exchange market largely depends on the strength of forecasting skills. Here are the main factors influencing the dynamics of Forex.
Recent Stories
Former Delta commissioner raises the alarm over proposed conversion of development centre to appeal...
A former Commissioner for Women Affairs in Delta State, Queen Betty Efekodha, has raised the alarm over plans to convert the Mariam Babaginda Women Development Centre built during the administration of former governor Emmanuel Uduaghan to Appeal Court premises.
Maurizio Sarri set for Napoli return
Juventus coach Maurizio Sarri said he expects an emotional return to his former club Napoli on Sunday as Lazio and Roma prepare for a derby clash in Serie A after both capital-city sides exited the Italian Cup during the week.
Lagos government begins recruitment in health sector
The Lagos State Health Service Commission, says it has commenced mass recruitment of health sector workers to bridge the deficit in manpower requirement across...
Cleric advises Southwest governors to back Amotekun’s establishment with law
The six southwest governors have been advised to enact laws in their respective states to back the establishment of the joint security outfit code named ‘operation Amotekun’.
Colonel Dasuki makes first court appearance after his release
The immediate-past former National Security Adviser, Colonel Sambo Dasuki, on Thursday, made his first court appearance after his release from detention.
Most Popular
Paul Pogba’s agent hints at potential Manchester United exit
Paul Pogba’s agent Mino Raiola has hinted the Manchester United star could leave Old Trafford if he is unhappy at the end of the season.
Lyon striker Moussa Dembele ‘agrees’ to join Chelsea
And according to The Transfer Window podcast several weeks ago, Dembele has agreed personal terms with Chelsea over a January move.
Lagosians express concerns following NAFDAC’s alert on using paracetamol for food preparation
Following recent alert by the National Agency for Food and Drug Administration and Control (NAFDAC) on the use of paracetamol tablets in food preparation, some Lagosians have expressed shock and disappointment.
Dangote Cement praised by shareholders on buyback plans
Desire of the Management of Dangote Cement to ‘buy back’ 10 per cent of its entire issued shares from shareholders was unanimously granted on Wednesday as the company’s shareholders’ voted in support of the ‘share buy back’ plans. Dangote Cement, which currently has 17.04 billion fully paid up ordinary shares of 50 kobo each, would be buying back 1.70 billion shares.
Odion Ighalo: Why I left Watford for China
Former Super Eagles striker Odion Ighalo has revealed he left Watford to join Chinese side Changchun Yatai back in 2017 because of money.