Business Editors
SEC may announce new recapitalisation programme for operators
Capital market operators should be bracing up for recapitalisation programme as indications emerged that the Securities and Exchange Commission (SEC) may introduce new minimum capital requirements.
NDIC warns operators against disclosing customers’ financial data, status
The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.
Central bank moves to tackle bank debtors
The Central Bank of Nigeria (CBN) said on Tuesday that it has put in place new policy initiatives and strategies to ensure that bank debtors no longer escape from sanctions.
Federal government saves $1.3 trillion from central bank’s intervention programmes
The Deputy Governor, Corporate Services of the Central Bank of Nigeria, Edward Lamatek Adamu has revealed that the plethora of economic interventions of the apex bank have saved the federal government about N1.3 trillion via import bills.
Insecurity, fraud clog financial inclusion stride
As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.
Central bank: Electronic fraud will hit N6.1 trillion by 2021
Mr Sunday Salam-Alada, Director, Consumer Protection Department, Central Bank of Nigeria (CBN) has said electronic fraud losses in the banking system are projected to reach N6.1 trillion by 2021.
Central bank urges media collaboration in educating depositors
The Central Bank of Nigeria (CBN) has urged media practitioners to collaborate with financial regulators in the country to educate depositors on financial literacy and inclusion. The Head, Financial Inclusion Secretariat, CBN, Mrs Temitope Akin-Fadeyi...
Bank of Industry disburses N81 billion as loan in 2017
The Executive Director of Bank of Industry (BoI), Corporate Services, Tobin Jonathan, has revealed that the bank has disbursed a total of N81 billion loans last year out of a financing gap estimated at $800 million,
Nigeria leads South Africa in foreign reserves
Nigeria is leading South Africa in net foreign reserves as that of the West African country hits $47.37 billion in March to beat South Africa which has $43.15 billion.
Non-oil exports gets N500 billion from central bank
The Central Bank of Nigeria (CBN) has finalised arrangement with Nigeria Export-Import Bank (NEXIM) to assist local manufacturers who are interested in non-oil exports, according to its governor, Mr Godwin Emefiele.
Nigeria’s foreign reserves hit $47 billion
Nigeria’s foreign reserves have continued to grow significantly with latest figures by the Central Bank of Nigeria (CBN) at about $47.37 billion as at April 5.
NDIC warns Nigerians against trading in digital currencies
The financial sector insurance regulator, the Nigerian Deposit Insurance Corporation, NDIC, has again warned Nigerians against the risk of trading with digital currencies not issued by the Central Bank of Nigeria, CBN.
Recent Stories
NPFL: Lobi Stars thrashed 4-0 by Wikki Tourists in Bauchi
Wikki Tourist threw a spanner at the wheels of the league title chances of Lobi Stars following their 4-0 bashing of Gbenga Ogunbote’s men in Bauchi on Sunday.
14-year-old boy arrested for stabbing student to death
A 14-year-old boy has been arrested and charged in the stabbing death of a New York university student, authorities said Saturday, in a case that is being closely watched due to its racial dynamics.
Bayelsa guber: APC insist on fresh election
Yekini Nabena, Deputy National Publicity Secretary of the All Progressives Congress (APC), has said the profuse commendation that issued from the PDP to the Supreme Court and the Independent National Electoral Commission (INEC) following the judgement nullifying the victory of candidate of the APC has given out the main opposition party as double faced and fraudulent.
Bayelsa guber: Supreme Court verdict provocative – minister
Minister of State for Petroleum Resources, Chief Timipre Sylva, yesterday, described the Supreme Court judgement that declared the candidate of the People’s Democratic Party, PDP, as winner of the Bayelsa State governorship election as provocative, while he called on the people of the state to eschew violence and remain calm.
Joe Gomez: Sadio Mane lifts Liverpool and psychologically hurts opponents
Joe Gomez says Sadio Mane's presence provides Liverpool with a big boost in confidence while also psychologically damaging their opponents after the winger's winning goal against Norwich on Saturday.
Most Popular
Bimbo Esho: Victor Olaiya a living legend even after death
Bimbo Esho, Managing Director, Evergreen Musical Company, on Wednesday said that the late legendary highlife musician, Victor Olaiya, remained a living legend as his music had already immortalized him.
UEFA ban: I feel for Pep Guardiola, Manchester City – Juergen Klopp
Liverpool manager Juergen Klopp said he had sympathy for his Manchester City counterpart Pep Guardiola in the wake of the English champions’ two-year ban from European football.
Governor Zulum’s example for the elite
During an outing at 6:30 am last Friday to assess public institutions in Borno State, the Governor, Professor Babagana Umar Zulum, met Mrs Mazi Obiageli already at Shehu Sanda Kyarimi 2 Primary school under Jere local government education authority, waiting for her pupils.
Emmanuel Adebayor completes Olimpia move after Paraguayan side reach membership goal
Emmanuel Adebayor has signed for Olimpia as the Paraguayan side announced the former Arsenal striker's arrival on Tuesday.
China, Japan report rise in coronavirus infections
The number of people infected with the new coronavirus has reached 44,653 in China, while Japan reported 174 cases, the largest number of infections outside China, health authorities said Wednesday.