Home Topics Business Editors

Business Editors

Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

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 (BoI)

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.
Yekini Nabena

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.
Timipre Sylva

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.
Sadio Mane struck as Liverpool overcame Storm Dennis and feisty basement club Norwich to extend their lead at the top of the Premier League table to 25 points on Saturday.

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.