Nigeria partners AfDB for special agro-industrial processing zones
The African Development Bank, AfDB, in collaboration with the government of Nigeria, has held a meeting with stakeholders to discuss details around Special Agro-Industrial Processing Zones in Nigeria.
CBN: No ban on domiciliary accounts deposits
The Central Bank of Nigeria has said that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks.
Governors upset by excess crude account depletion
Governors are worried about the depletion of the Excess Crude Account (ECA) and the resurgence of insecurity especially the upsurge of Boko Haram attacks, it was learnt at the weekend.
Zenith Bank to pay N2.80k as final dividend for 2019
Zenith Bank Plc has announced that it will pay a final dividend of N2.50 for every 50 kobo shares, thereby bringing the total dividend paid for FY 2019 to N2.80.
Excess liquidity to persist as N1.7 trillion inflow hit interbank market
The surfeit of excess liquidity in the interbank money market will persist this week courtesy of inflow of about N1.7 trillion.
Nigeria liquidates 425 banks in 32 years
Since incorporation in 1988, the Nigeria Deposit Insurance Corporation has carried out liquidation activities on 425 financial institutions in the country.
Forex: Central bank injects $292.34 million, CNY 22.8 million into Retail SMIS
The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting the sum of $292.34million into the retail Secondary Market Intervention Sales (SMIS).
Central bank recovers N60 billion excessive charges imposed on customers by erring banks
This is just as the apex bank has announced that it has commenced the process of creating 10 million jobs in the next five years through investment support in agriculture, using 10 commodity models.
FIRS seeks Lagos support to hit N8.5 trillion revenue target
The Federal Inland Revenue Service, FIRS, is seeking the cooperation of the Lagos Inland Revenue Service, LIRS, to realise its N8.5 trillion revenue target to fund the 2020 budget.
Dollar dominates as investors dump yen, Asia currencies on coronavirus spread
The yen was headed for its worst week in two-and-a-half years on Friday, as worries about the coronavirus’ spread in South Korea, Japan and Beijing drove funds from Asia to the towering U.S. dollar.
Investors stake N458.2 billion for N140 billion FGN Bond
The appetite of investors to take up Federal Government Bond has remained unabated, as they staked a total of N458.2 billion for the N140 billion bond put on offer by the Debt Management Office (DMO), yesterday.
AfDB earmarks $500 million for four agro zones in Nigeria
The African Development Bank (AfDB), has earmarked $500 million loan for the development of four agro-industrial zones across the country.
World Bank: 12 states miss out of N1.37 billion fiscal transparency grant
The World Bank on Tuesday said 12 states missed out of its $4.5 million (N1.37 billion) State Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme for Results 2018 grant for not meeting the eligibility criteria.
HSBC to cut 35,000 jobs in next three years
Banking giant Hongkong and Shanghai Banking corporation (HSBC), says it plans to cut some 35,000 jobs worldwide in the next three years as it restructures and increases its focus on Asia.
MAN: Central bank’s forex intervention dampens backward integration
The Manufacturers Association of Nigeria (MAN) has linked the low utilization of local raw materials in the manufacturing sector to policy intervention in the official foreign exchange (forex) market by Central Bank of Nigeria (CBN).
Nigeria: FIRS sole collector of stamp duty
The federal government has finally put to bed the controversy over who will collect stamp duty has finally been rested.
Contempt: Wema Bank chief, six others must appear Tuesday – court
There is no reprieve yet for the Wema Bank Plc and its seven officials cited for contempt, as a Federal High Court sitting in Lagos, reinforced its order compelling the said official to appear before the court on Tuesday to explain why committal to prison order should not be made against them.
Jaiz Bank declares N1.79 billion profit
Jaiz Bank Plc, Nigeria’s premier non-interest Sharia-compliant financial institution, has declared a profit after tax of N1.79 billion in its 2019 unaudited financial results as submitted to the Nigerian Stock Exchange (NSE).
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Japan premier calls for nationwide closure of schools over coronavirus
Japan’s Prime Minister Shinzo Abe on Thursday urged schools nationwide to close for several weeks to prevent the spread of the new coronavirus, as authorities reported the country’s fourth death linked to the outbreak.
Protesters clash at APC secretariat
Newsmen learnt that the protesters, who had also gathered to protest against the APC National Chairman, Adams Oshiomhole, on Tuesday, turned on one another as they matched towards the secretariat.
Heat: Cross River, stakeholders proffer solutions, task parents
Dr Janet Ekpeyong, Director-General, Cross River State Primary Health Care Development Agency (CRSPHCDA) has advised parents to ensure their children are fully immunised against measles following the high temperature currently being experienced.
Pep Guardiola warns Manchester City after Real Madrid win
Pep Guardiola warned his Manchester City players that Real Madrid is more than capable of a Champions League fightback after a historic 2-1 last 16, first-leg win for the English champions at the Santiago Bernabeu.
Alaafin: No incantation, climbing of prayer mountains can curb cancer
The Alaafin of Oyo, Oba Olayiwola Adeyemi III, says no amount of spiritual incantation or use of concoctions can curb cancer.
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Ekiti: Focus on rebuilding your non-performing government – Ayo Fayose tells APC
Former Governor Ayo Fayose of Ekiti State has advised Ekiti State All Progressives Congress (APC) to focus on building its non-performing government in the State rather than peddle false rumours.
Gunshots, tight security as Adams Oshiomhole visits Benin
The crisis in Edo All Progressives Congress (APC) continued on Saturday as several gunshots were fired at the Benin Airport to disperse some youths allegedly mobilised by suspected government agents to boo the National Chairman of the party, Comrade Adams Oshiomhole who was in the state to attend the burial party of the mother of the former member that represented Ikpobha-Okha/Egor federal constituency in the House of Representatives, Ehiozuwa Agbonanyinma.
Ini Umotong’s strike seals Brighton and Hove Albion’s historic FA Cup quarter-final berth
Ini Umotong scored the winner as Brighton and Hove Albion booked their spot in the quarter-finals of the English FA Cup following a 3-0 triumph over Crystal Palace on Tuesday night.
Ibraheem El-Zakzaky’s trial resumes In Kaduna
A Kaduna State High Court on Monday resumed the trial of the embattled leader of the Islamic Movement in Nigeria (IMN), Ibrahim El- Zakzaky, and his wife, Zeenat.
Court remands man for ‘stabbing bartender to death’
A Chief Magistrates’ Court in Yaba, Lagos, on Friday ordered that a 53-year-old man, Dennis Azuonye, who allegedly stabbed a bartender to death , be remanded in custodial centre, pending legal advice.