Finance

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.

Dollar, stocks drop in Asia as Fed fails to inspire

The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world's top economy.

Bitcoin fever exposes cryptocurrency market weaknesses

As bitcoin raced to another record high on Tuesday, one of the biggest providers of digital currency wallets, Coinbase, went down under the weight of traffic, leaving many of its more than 10 million customers unable to access their funds.

Federal govt set to issue debut green bond in domestic market

The Debt Management Office (DMO) has announced that as part of the preparations towards the issuance of the first Sovereign Green Bond, it would sensitise prospective investors in the Bond through a Roadshow in Abuja and Lagos on December 14 and 15, 2017.

Nigerian banks trade forex at N314.50 on interbank market

Nigeria’s foreign exchange market saw transactions worth $1.34 million at its interbank window on Wednesday at a rate of 314.50 naira per dollar, as commercial banks traded the local currency at below the central bank rate.

Japanese retail investors are major force in Bitcoin boom

Japan’s army of retail investors, no strangers to high risk bets in the past, have emerged as a major force in bitcoin’s spectacular rally, now accounting for an estimated 30-50 percent of trading in the cryptocurrency as it spikes to record highs.

Central bank injects $210 million into currency market

The Central Bank of Nigeria said on Tuesday it had injected $210m into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.

NHF Act: FMBN blames banks, insurance companies for non-compliance

The Federal Mortgage Bank of Nigeria (FMBN) has blamed banks and insurance companies for non-compliance with provisions of the National Housing Fund (NHF) Act since its inception.

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