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.
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.
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.
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.
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.
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.
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’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.
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.
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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.
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Asiwaju Tinubu: Kayode Fayemi’s election is victory for Ekiti people
National Leader of the All Progressives Congress, (APC) Sen. Bola Tinubu, on Sunday said the election of Dr Kayode Fayemi in Saturday’s gubernatorial poll was a victory for the people.
Official: Iranian President rejected eight requests from Trump for bilateral meeting
U.S. President Donald Trump made eight requests for a meeting with Iranian President Hassan Rowhani, all of which were rejected, the Iranian leader’s chief of staff said Wednesday.
Court slams N2.9 million bail on guard over N2.9 million theft
A 26-year-old security guard, Friday Okon, on Monday appeared before an Igbosere Magistrates’ Court in Lagos for allegedly stealing his employer’s valuables worth N2.9 million.
Qatar ploughs ahead with World Cup plans despite crises
Last year, Qatar's finance minister Ali Sharif Al-Emadi said his country was determined to have everything ready for the 2022 World Cup well before fans started landing in the Gulf.
Council lists gains of Nigeria-Malaysia trade corridor
The president of the Nigeria-Malaysia Business Council (NMBC), Dr Michael Aderohunmu, has disclosed that the Council has entered into partnership with the Nigeria Exports Promotion Council (NEPC) and the Malaysia External Trade Development Corporation (MATRADE) to set up a trade corridor.