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Anthony Mkpe Ayine

Auditor-General: Excess Crude Account is illegal

The Auditor-General of the Federation, Anthony Ayine, has advised the federal government to legalise its continuous maintenance of the Excess Crude Account, ECA.
National Assembly

Legislators lament inability of banks to provide long-term loans

The Joint Senate and House of Representatives committee on capital market have expressed worry over the failure of commercial banks to provide long – term financing instruments for projects in the country.
Patrick Akinwuntan

Ecobank Nigeria appoints Patrick Akinwuntan managing director-designate

The Board of Directors of Ecobank Nigeria Limited on Thursday announced the appointment of Patrick Akinwuntan as the Managing Director designate of the bank.
Isaac Okorafor

Central bank to prosecute commercial banks, staff over money hawking

Mr. Isaac Okorafor, Acting Director, Corporate Communication Department of CBN, who gave the warning in Asaba during a seminar titled ‘’Promoting financial stability and economic development’’ insisted that CBN would punish and dismiss any of its staff caught in such act.

DMO: Federal government makes N343.05m from savings bond in July

The results of the sales published on the website of the Debt Management Office on Wednesday in Abuja, showed that N79.98m was allotted for July 2020 at 10.48 per cent.

SEC warns Nigerians to avoid ponzi schemes, fake financial managers

The Securities and Exchange Commission has warned Nigerians to shun fraudsters and Ponzi scheme managers that attract unsuspecting customers with huge, but unrealistic dividends.

NEXIM calls for speedy passage of factoring bill

The Nigerian Export-Import (NEXIM) Bank has called for the speedy passage of the Factoring Bill presently before the national assembly to enable the country tap into €2.6 trillion global factoring market.

Central bank sustains forex intervention, injects fresh $210 million

The Central Bank of Nigeria (CBN) yesterday, injected the sum of $210 million into the inter-bank foreign exchange (forex) market.
NHIS boss Prof Yusuf Usman at TUC National secretariat Lagos

Usman Yusuf: We can’t trace NHIS’s ‘invested’ N720 billion yet

Till date, the management of the National Health Insurance Scheme has not been able to trace the N720 billion that had been allegedly invested by the scheme in the last 12 years.

Bayelsa IGR hits N1 billion mark

The Chairman of the Bayelsa State Board of Internal Revenue (BIR), Ayawei Nimbofa, has attributed the rise in Bayelsa’s monthly internally generated revenue above N1billion mark to deployment of electronic collection system.
Tope Fasoranti

Zenith Bank’s Tope Fasoranti delivers lecture at Covenant University

Dr Tope Fasoranti (Executive Director, Zenith Bank Plc) to deliver a cogent lecture at the 13th Convocation Lecture of Covenant University, Ota.

AfDB partners Afreximbank to support small, medium businesses

The African Development Bank (AfDB) is to provide a $500,000 grant under its African Private Sector Assistance (FAPA) programme to support emerging small, medium businesses in Africa.
Fintech

Expert: Fintechs will assume prominent role in banking

The Founder of the Computer Warehouse Group, Mr. Austin Okere, has expressed optimism that fintech companies are likely to take a more prominent role in banking and the financial services space.

Afreximbank declares $57.53 million dividend

The African Export-Import Bank (Afreximbank) has declared a $57.53 million dividend for shareholders as it grew its revenues by 25 per cent to reach $645 million in its 2017 financial year.

Kemi Adeosun elected Afreximbank board chairperson

Mrs Adeosun will be succeeding the outgoing chairman of the Bank and Minister of Finance of the Republic of Rwanda, Ndagijimana Uzziel. The position has a one-year tenure.

FIRS six-month revenue increases 42% to N2.5 trillion

The Federal Inland Revenue Service has announced that it realised a total of N2.5 trillion (N2,529,615,174,601.25) from various taxes from January to June 2018.
china yuan dollar

China’s trade surplus with US hits $28 billion

China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.
Mr. Okwu Joseph Nnanna (Deputy Governor, Central Bank of Nigeria), Mauritius, March 2, 2015.

Central bank deputy chief calls for speedy passage of factoring bill

The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Dr. Joseph Okwu Nnanna, has called on the National Assembly to expedite action on the passage of the Factoring Bill currently before the parliament.

Recent Stories

PSG's Neymar

Neymar says he is victim of ‘double standards’ for club and country

Neymar has claimed that he is the subject of double standards when he plays for Paris Saint-Germain and Brazil.

Zlatan Ibrahimovic: I could have been US President

LA Galaxy striker Zlatan Ibrahimovic says he would be President of the United States of America if he had arrived 10 years earlier.

Sokoto immunises 200 children of victims of bandits’ attack

No fewer than 200 children of victims of bandits’ attack in Rabah Local Government Area of Sokoto State have been immunised against polio.

Napoli confirm interest in Manchester United’s Matteo Darmian

Manchester United's Matteo Darmian is one of a number of full-back options Napoli are considering moving for this summer, confirmed the club's president Aurelio De Laurentiis.

Kawu Baraje: We will leave APC with or without Senator Saraki

The former Chairman of the new Peoples Democratic Party (nPDP), Alhaji Abubakar Kawu Baraje, has said that members of the party and the supporters of the Senate President, Dr Bukola Saraki, have decoded to dump the ruling All Progressives Congress (APC) with or without the senate president, even as he described the juicy appointments being offered them by the presidency as an embarrassment.