Finance

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.

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.

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.

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.

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.

The Central Bank of Nigeria has announced the commencement of charges on deposits in addition to already existing charges on withdrawals.

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.

The Central Bank of Nigeria (CBN) has rescheduled the Monetary Policy Committee (MPC) meeting for the month of September.

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.

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.

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

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 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.

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.

The Central Bank of Nigeria has rescheduled it’s Monetary Policy Committee meeting to Thursday and Friday this week.

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.

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).

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.