Finance

ABCON kicks against speculators depreciating naira forcefully

The Association of Bureaux De Change Operators of Nigeria has warned foreign exchange speculators pushing the naira to forceful depreciation through their illegal activities.

Unity Bank records N33.9 billion earnings in nine months

Unity Bank Plc has said that it recorded gross earnings of N33.906 billion for the nine months’ period ended September 30, 2020.
A Zenith Bank logo is seen on a sign on top of the bank in Freetown, Sierra Leone August 19, 2017. REUTERS-Afolabi Sotunde

Zenith Bank, UBA post N963.4 billion gross earnings, N236 billion profit

Zenith Bank Plc and United Bank for Africa (UBA) Plc, pan-African financial institutions, have reported a combined gross earnings of N963.375 billion and profit after tax (PAT) of N236.132 billion for the nine months ended September 30, 2020 despite the challenging operating environment.
UBA - United Bank for Africa

UBA grows gross earnings to N454.4 billion in Q3 2020

United Bank for Africa (UBA) has announced a 5.99 percent growth in gross earnings from N428.7 billion in September 2019 to N454.4 billion in 2020.
Sterling Bank Plc, has contributed N250 million as part of its commitment to the newly formed Nigerian Private Sector Coalition Against COVID-19 created to help channel resources to combat the coronavirus disease under the theme- “We need you.”

Sterling Bank grows trading income by 265% in 3rd Quarter, despite pandemic – chief

Sterling Bank Plc has reported a trading income of N7.1 billion for the third quarter (Q3) ended Sept. 30, compared with N1.9 billion achieved in the corresponding period in 2019, notwithstanding the uncertainties caused by the COVID-19 pandemic and recent fiscal reforms by government
FIFA

FIFA lifts suspension of Trinidad and Tobago Football Association

FIFA has lifted its suspension of the Trinidad and Tobago Football Association (TTFA), giving the national governing body full membership rights and allowing its teams to return to international competition.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank gives conditions for opening Form ‘M’ where unavoidable

The Central Bank of Nigeria (CBN) has listed conditions to allow the opening of Forms ‘M’ by companies whose forex payments are unavoidably routed through a buying company, agent, or other third parties.
The Financial Reporting Council of Nigeria (FRC) has issued new reporting guidelines to enable firms respond to prudential considerations in various sectors.

FRC seeks powers to punish defaulting ministries, agencies

The Fiscal Responsibility Commission (FRC) is seeking an amendment to its activities to allow the punishment of agencies who fail to render their accounts as prescribed by law.
International Money transfer company, WorldRemit, has launched its World Remit Entrepreneurs Programme in Africa.

WorldRemit launches Africa-focused entrepreneurship programme

International Money transfer company, WorldRemit, has launched its World Remit Entrepreneurs Programme in Africa.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN, NCC urged on Fintech talent survey

Fintech specialists and other stakeholders have tasked the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) to conduct a talent needs survey to bridge the skills gap.

Bitcoin breaches $17,500 dollars in risk-on market

Bitcoin rallied Tuesday for the second consecutive day, gaining $1,500 to approach an all-time high in a market that is now ready to take on risk.
Waziri Adio NEITI

NEITI: FAAC disburses N2.054 trillion in Q3 2020

The Nigeria Extrative Industries Transparency Initiative (NEITI) said the Federation Account Allocation Committee (FAAC) had disbursed N2.054 trillion to the three tiers of government and other statutory recipients in the third quarter of 2020.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

House of Reps summons CBN, NNPC chiefs over non-remittance of oil revenue

The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, over alleged non-remittance of N3.24tn revenue that accrued from sales of crude oil in 2014.
Nigeria Naira

Naira weakens to 470 to the dollar despite central bank interventions

The naira weakened to 470 against the United States dollar in the parallel market on Friday despite the interventions of the Central Bank of Nigeria in the official window.

Insurance operators demand extension of recapitalisation deadline

Following the economic challenges brought about by the Coronavirus (COVID-19) pandemic and the EndSARS protests, insurance companies have appealed to the National Insurance Commission, NAICOM, to amend some of the requirements in the recapitalisation exercise in the sector.
African Export-Import Bank (Afreximbank)’s President, Prof. Benedict Oramah, said this at the on-going Afreximbank Annual Meeting (AAM 2019) in Moscow on Thursday.

Afreximbank, AFD scale climate change investments for Nigeria, others

The African Export-Import Bank and Agence Française de Développement have reiterated their commitment to scaling up finance for climate change initiatives in Nigeria and other African countries.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Electronic transaction volumes increased 67 percent during lockdown

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that electronic transaction volumes increased by about 67 per cent during the COVID-19 lockdown with increased transactions at agent networks.
Access Bank’s Executive Director of Technology and Operations, Mr Ade Bajomo, has been appointed the new President of the FinTech Association of Nigeria (FintechNGR).

Ade Bajomo emerges FinTechNGR president

Access Bank’s Executive Director of Technology and Operations, Mr Ade Bajomo, has been appointed the new President of the FinTech Association of Nigeria (FintechNGR). This was first announced during FinTechNGR’s virtual Annual General Meeting held recently.

Recent Stories

U.S. President Donald Trump visits the key southeastern state of Georgia Saturday to campaign alongside two Republican senators running against Democratic challengers in the January runoff election that will decide which party controls the Senate at the beginning of Joe Biden’s presidency.

Donald Trump campaigns in Georgia for Republican senators

U.S. President Donald Trump visits the key southeastern state of Georgia Saturday to campaign alongside two Republican senators running against Democratic challengers in the January runoff election that will decide which party controls the Senate at the beginning of Joe Biden’s presidency.
Bayelsa State Governor Senator Douye Diri has expressed the confidence that the Peoples Democratic Party, PDP, candidates will be victorious in the Saturday senatorial Bye-elections in the state.

Bayelsa bye-elections holds amidst ballot box snatching, voter apathy

Saturday’s bye-elections in Bayelsa Central and West was characterised by snatching of ballot boxes and ballot papers in some parts of the two senatorial districts.

Bad parenting responsible for insecurity, high crime rate – NOA official

Director of the National Orientation Agency (NOA), Adamawa, Malam Mohammad Gabdo, has attributed the high crime rate and insecurity in Nigeria to poor parental care and not bad governance.
Kogi State Governor Yahaya Bello has sworn-in Honourable Justice Henry A. Olusiyi as the Chief Judge of Kogi State and Honourable Justice Bayo Olowosegun as the President of the Kogi State Customary Court of Appeal.

Kogi government uncovers deceased, retired judicial staff on payroll

The Special Staff Verification Committee inaugurated by the Acting Chief Judge of Kogi State, Justice Henry Olusiyi, said it has uncovered fraud in the state judiciary.
Kidnap

Kidnappers kill victim after collecting N1.5 million ransom

Suspected kidnappers have killed one Sani Khalil after collecting N1.5 million in ransom in Igabi Local Government Area of Kaduna State.