Finance

Central bank calms anxiety in treasury bills market

The Central Bank of Nigeria (CBN) has assured investors that it will continue to carry out its liquidity management mandate through the issuance of Open Market Operations (OMO) bills in order to ensure price stability.

Banking industry fraud drops by 38 percent in two years

The Central Bank of Nigeria (CBN) at the weekend disclosed that despite the increase in the value and volume of electronic payment transactions this year, there have been decline in fraud cases.

Bitcoin is not money, not universally accepted – expert

The chairman of Swiss banking giant, UBS, Axel Weber, has said that bitcoin is not an effective means of payment, since it is not universally accepted.

Access Bank secures $250m facility to finance MSMEs

Access Bank Plc disclosed at the weekend that it has so far secured at least $250 million from multilateral agencies for financing as low interest funds to the Micro, Small and Medium Enterprises (MSMEs) sub-sector of the Nigerian economy.

Federal govt releases balance of Paris Club refund to 27 states

The federal government has made good its promise to release the balance of the Paris Club refund to states, as 27 states of the federation have so far benefitted from the latest refunds.

FAAC shares N609.95 billion to federal, state, local govts for November

The Federation Account Allocation Committee has distributed N609.95 billion to Federal, States and Local Governments as revenue generated in November.

Federal govt releases final tranche of Paris Club refund to 27 states

The Federal Government on Saturday confirmed the release of the final tranche of the Paris Club refund to 27 state governments.

Bank of Agriculture disburses over N1 billion to Kogi

The Managing Director and Chief Executive of Bank of Agriculture, Mallam Kabir Muhammed Adamu, has said over N1.4 billion had been disbursed in Kogi State since the inception of the bank in the state.

Ijaw youths urge Niger Delta to key into federal govt’s anchor borrowers’ programme

The Ijaw Youth Council (IYC) worldwide, yesterday called on the people of the Niger Delta to take advantage of the Federal Government’s Anchor Borrowers’ Programme (ABP) for small scale farmers in Nigeria or lose out on its many benefits.

N10.69bn Green Bond to be listed on NSE, FMDQ in January – DMO

Debt Management Office (DMO) on Friday said Federal Government’s maiden N10.69 billion Green Bond, when concluded, would be listed on the Nigerian Stock Exchange (NSE).

Nigeria treasury bills extend rally as sell-off, new issues weigh

Yields on Nigeria’s mid-dated treasury bills rose nearly 1 percentage point to 12 percent on Friday, extending a three-day rally as a sell-off which started this week continued, traders said.

Bank of Agriculture recovers N375 million in Kogi

The Bank of Agriculture (BOA) Friday said it has recovered N375,906,289.72 out of the over N1.4 billion loan facilities extended to customers in Kogi State, since the bank’s inception.

FADAMA: World Bank urges state govts to pay counterpart funds for more benefits

The World Bank has called on states benefitting from the FADAMA programme to pay their own counterpart funds to enable them to benefit maximally from the programme.

Banking sector records transactions worth N19.33 trillion in Q3 – NBS

The National Bureau of Statistics (NBS) says 213.69 million transactions valued at N19.33 trillion are recorded in the third quarter as data on Electronic Payment Channels in the banking sector.

Federal govt to issue bonds to finance projects

Ms. Patience Oniha, the Director-General, Debt Management Office (DMO), says the Federal Government is planning to issue N10.6 billion green bonds to finance renewable energy projects to protect the environment.

Only 40m Nigerians pay taxes – Kemi Adeosun

Out of 70 million taxable adults in Nigeria, only 40 million of them pay taxes, the Minister of Finance, Kemi Adeosun, has said that out of 70 million taxable adults in Nigeria, only 40 million of them pay taxes.

Federal govt to issue $29 million debut green bond next week – ministry

Nigeria plans to issue a 10.69 billion naira ($29 million) debut green bond next week, the first tranche of a 150 billion naira programme, the environment ministry said on Thursday.

Central bank repays $1.1 billion worth of T-bills; overnight rates fall

Nigeria’s central bank repaid a total of 340 billion naira ($1.1 bln) worth of treasury bills on Thursday instead of rolling them over, in a move to lower government borrowing costs, traders said.

Recent Stories

Expert: Regular medical checkup critical to prevention of depression

A Nursing Expert, Mrs Victoria Opakunle, says regular medical checkup is critical to the prevention of depression, a mental disorder that can lead to mental illness and even suicide.

Two women in court over kidnapping of a three-year-old girl

The police on Tuesday arraigned Mercy Sampson and Stella Madueke, in an Ebute Meta Chief Magistrates’ Court, Lagos, for allegedly kidnapping a three-year-old girl from a church.
The Nigerian Army has reacted to Governor Nyesom Wike’s allegations against the General Officer Commanding (GOC) 6 Division and Land Component Commander Operation DELTA SAFE, Major General Jamil Sarham.

General Sarham: Governor Wike declared war against me for refusing to compromise 2019 elections

The General Officer Commanding (GOC) 6 Division, Nigerian Army, Maj.-Gen. Jamil Sarham, who is also the Land Component Commander of Operation Delta Safe, has revealed that Rivers State Governor, Nyesom Wike, decided to declare war against him for rejecting his (Wike’s) billions of naira to compromise the February 23 and March 9, 2019 general elections in Rivers.

Malian attacks: France reiterates support for fight against insurgency

The Embassy of France in Abuja has condemned the recent attacks by terrorists on the United Nations Multidimensional Integrated Stabilisation Mission in Mali (MINUSMA) in Timbuktu.
Nigeria’s Vice president Yemi Osinbajo has debunked rumours stating he has resigned his position as the nation’s vice president.

VP Osinbajo visits Borno

Vice President Yemi Osinbajo has arrived Maiduguri, the Borno State capital, for a day working visit.