Finance

Central bank rolls over N208.6 billion maturing T-bills

The Central Bank of Nigeria (CBN) has rolled over N208.6 billion Treasury Bills across all maturities at the Primary Market Auctions.

Dirty notes: Central bank’s deadline ends today

The three-month deadline set by the Central Bank of Nigeria (CBN) for bank customers to deposit dirty naira notes in their banks will elapse at the close of business today.

CAFEi urges CBN to extend deadline for mutilated notes return

Otunba ‘Debola Osibogun, CAFEi President, said in Lagos on Sunday that extension of the deadline would give room for more people to key into the initiative.

Experts: Central bank deposit forfeiture order is legal

Contrary to insinuations in some quarters, the Central Bank of Nigeria (CBN) new policy regime mandating banks to go after customers who default on the repayment of their loans by seizing their deposits in other accounts is backed by law.

Firm launches savings, investment application in Ibadan

In its bid to assist people, especially small and medium entrepreneurs and those living in rural areas, to have access to credit facilities, a firm, Credit Assist Investment Limited, has launched a standard secured web and mobile application, KoloMoni.

CACS: First Bank disburses over N100 billion to support agricultural value chain – Adesola...

First Bank of Nigeria Limited has disbursed over N100 billion under the Central Bank of Nigeria Commercial Agriculture Credit Scheme initiative introduced to strengthen agricultural value chain.
President Muhammadu Buhari says Nigeria has very attractive investment opportunities with some of the highest “Returns-on-Investment’’. 2

President Buhari welcomes investments from Japan bank, Toyota

President Muhammadu Buhari on Friday held investment talks with top officials of Japan Bank for International Cooperation, and Toyota Group, at the margins of the Seventh Tokyo International Conference on African Development (TICAD 7), holding in Yokohama, Japan.

Expert warns federal government against danger of external debt

Nwani said there is nothing bad in borrowing but added that it should be for developmental projects in such a way that would have positive effects on economic growth and human development.

Ecobank chief asks bankers to reposition for challenges

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, has called on bankers to reposition their skillsets and knowledge-scope in order to meet with the challenges of a fast-changing business environment and marketplace.
Bank of Industry (BoI)

BoI disburses $2.4 billion to two million SMEs

The Board Chairman, Bank of Industry (BoI), Aliyu Dikko, on Thursday said the lender has provided financial support worth N678 billion ($2.4 billion) to over two million Small and Medium Enterprises (SMEs).

MUFG Bank, Afreximbank seal pact

The African Export-Import Bank (Afreximbank) and MUFG Bank on Thursday in Yokohama City, Japan, announced the signing of a Memorandum of Understanding (MOU) to provide a broad framework for collaboration between the two organisations.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB spends $2 billion to train six million African scientists

The African Development Bank (AfDB) says it has committed $2 billion to the education and training of six million science students in Africa from 2005 to date.

CSOs task central bank on sustaining improved economic policies

As the 5th All Nigeria Civil Society Economic conference came to a close in Abuja, stakeholders at the conference have called on the Central Bank of Nigeria (CBN) to sustain the improved reform economic policies, rising investment opportunities and Agricultural development.

Central bank’s business expectations report predicts stable naira

The naira is tipped to appreciate this month, next month and within the next 12 months, a business expectations report released on Wednesday by the Central Bank of Nigeria (CBN) has shown.
A European Central Bank official has revealed that about 1.3 trillion euros ($1.44 trillion) worth of assets will be moved from London to the eurozone due to Brexit, according to document.

Brexit: Banks to move €1.3 trillion assets to eurozone – ECB

A European Central Bank official has revealed that about 1.3 trillion euros ($1.44 trillion) worth of assets will be moved from London to the eurozone due to Brexit, according to document.
The pound slumped more than one percent versus the dollar and euro Wednesday as Britain’s government moved to extend the suspension of parliament, increasing the likelihood of a no-deal Brexit.

Pound dives on increased no-deal Brexit prospect

The pound slumped more than one percent versus the dollar and euro Wednesday as Britain’s government moved to extend the suspension of parliament, increasing the likelihood of a no-deal Brexit.

CIBN presents accreditation certificate to Ecobank academy

The Chartered Institute of Bankers of Nigeria (CIBN) has officially presented certificate of accreditation to the ultra-modern, state of the art Ecobank Nigeria Academy with a call to other financial institutions in the country seeking accreditation of their training school to emulate Ecobank Nigeria.

Loan default: Central bank approves new clause to set off balance

The Central Bank of Nigeria, CBN, has released a new clause that mandates borrowers to agree that their loan balances would be offset from their bank balances across the industry.

Recent Stories

Man jilted by girlfriend commits suicide

The Surulere Police Station on Wednesday received an information that one Kehinde Muse, 25, of No 56, Modele Street drank a substance suspected to be sniper.
Folasade Yemi-Esan

Folashade Yemi-Esan assumes duty as acting head of service

Following the suspension of Mrs Winfred Oyo-Ita, by President Muhammadu Buhari, Dr Folashade Yemi-Esan, on Thursday assumed duty as Acting Head of Civil Service of the Federation.
Nigeria Police

Man arrested for ‘raping 6-year-old girl’

The police in Ogun State have arrested a 43-year-old man, Oluwole Bamidele, for allegedly raping a six-year-old daughter of his neighbour.

Reps minority leader tears PDP BoT apart

Members of the Board of Trustees, BOT, of the Peoples Democratic Party, PDP, on Thursday publicly disagreed over the report of the committee set up to look into the circumstances that led to the emergence of Hon. Ndudi Elumelu, as the Minority Leader of the House of Representatives against the directive of the party.
Ahmad Abubakar Mahmud Gumi

Sheikh Gumi: Ex-President Jonathan, Buhari lack education on how to lead Nigeria

Sheikh Ahmad Gumi, Islamic cleric, says former President Goodluck Jonathan and President Muhammadu Buhari both lack education on how to lead Nigeria.