China’s Central Bank Injects 150 Bln Yuan Through Medium-Term Loans
China’s central bank injected medium-term loans into the banking system on Thursday, while keeping the interest rate unchanged for a…
Month: April 2021
Russian Rouble Tumbles As Imminent Threat Of U.S. Sanctions Resurfaces
The Russian rouble was down about 1.3% against the dollar after earlier losing 2% on Thursday, giving up gains made…
Inflation Rises To 18.17%
The Consumer Price Index (CPI) which measures inflation further increased by 18.17 per cent in March compared to 17.33 per…
Forex Crisis Putting Investments, Jobs At Risk, Says LCCI
The difficulties faced by many investors in Nigeria in accessing foreign exchange for importation of raw materials, equipment and some…
Growing Concerns As Fluctuating Naira, Unstable Power Supply Scare Investors From Nigeria
Lagos — More foreign investors may dump Nigeria for neighbouring countries in the next couple of months as the harsh…
CANADA FX DEBT-Canadian Dollar Strengthens As Oil Surges Nearly 5%
The Canadian dollar edged higher against its U.S. counterpart on Wednesday as oil, one of Canada’s major exports, rallied and ahead of…
CBN Calls For Improved Corporate Governance In BDCs
ECONOMY The Central Bank of Nigeria, CBN, has called on bureaux de change (BDCs) directors to improve on their corporate…
Bureau De Change Firms’ Turnover Hit N1trn Annually
Bureau De Change(BDC) operators are already pulling a turnover of N1 trillion annually, hence, demanding that they should allowed to…
ABCON Urges CBN To Make BDCs Diaspora Remittances Agents
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to make…
Why Wall Street Is So Excited About Bank Stocks
For years, Wall Street turned up its nose at America’s bank stocks. Now, the sector is getting tons of love…
Senate Confirms Shaba As NASRDA DG
The Senate on Wednesday confirmed the appointment of Dr. Halilu Shaba as the Director-General of the National Space Research and…
Ex-Oyo, Ondo Military Administrator, Usman, Dies
A former Military Administrator of Oyo State, Colonel Ahmed Usman, is dead. He was said to have died around 3.00am…
JPMorgan Profit Leaps After Reserve Release Boost
-JPMorgan Chase & Co’s earnings jumped almost 400% in the first quarter, blowing past estimates as the largest U.S. bank…
Nikola, Iveco & OGE Sign Preliminary Hydrogen Distribution Agreement
Truckmaker Iveco, electric and hydrogen vehicle maker Nikola and German gas network operator OGE said on Wednesday they entered a…
NNPC Partners Kebbi On Renewable Energy Project
The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to the partnership with the Government of Kebbi State on…
NAIC Pays N1.7bn Claims To Farmers
The Nigerian Agricultural Insurance Corporation (NAIC) said it paid a total of N1.7 billion claims to over 5,000 farmers in…
PenCom Attributes N58bn Decline In Pension Assets To Market Volatility
The National Pension Commission (PenCom) has attributed the N58 billion decline in total pension assets from an all-time high value…
Mastercard, Uber Extend Partnership
Uber and Mastercard have extended their partnership with a new strategic initiative focusing on digital payments and advancing financial inclusions.…
Ganduje Disburses N148m To 1,400 Public Schools
The Kano State Governor, Mr. Abdullahi Umar Ganduje, has commenced the disbursement of N148 million upkeep grants for 1,400 public…
Central Bank Of Nigeria To Expand Borrowers’ Database, Orders Banks To Register On Credit Management System
The Central Bank of Nigeria (CBN) has asked all development finance institutions (DFIs), microfinance banks (MFBs), primary mortgage banks (PMBs)…
South Africa Says Down payments To J&J, Pfizer Not Refundable
The South African government’s downpayments to Johnson & Johnson (J&J) and Pfizer for COVID-19 vaccines are not refundable under any…
Costs For Retail Fund Investors In EU Remain High, Says Regulator
Retail investors in mutual funds pay costs that are 40% higher than big institutional investors pay, making it harder for…
How The Pandemic Helped Walmart Battle Amazon Marketplace For Sellers
Between 2009 and 2014, Walmart’s Marketplace business, where outside merchants hawk everything from baby blankets to power tools, counted no…
Is That It? Markets Relax About Inflation Pop
Just as long-dormant inflation finally rears its head again, there are some signs that financial markets may already have overestimated…
First Bank To Create Awareness On Digital Safety
First Bank of Nigeria Limited said it will sensitise individuals and businesses with useful information on how to be protected…
UBA Business Series To Equip SMEs With Performance Management Strategies For Organisational Growth
As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the…
Lagos Muslims To Pay N1.37m For 2021 Hajj
The Lagos State Muslim Pilgrims Welfare Board has said that the least amount to be paid for participation in the…
Pipeline Vandalism Reduced By 37.21% In January – NNPC
The Nigerian National Petroleum Corporation on Tuesday announced a 37.21 per cent decrease in cases of pipeline vandalism across the…
Manufacturing Sector Intervention Fund Now N803bn –CBN
Manufacturing sector’s intervention funds disbursed by the Central Bank rose to N803bn as of February. Figures obtained from the CBN…
3,499 CPS Retirees Not Entitled To Pensions In Q4 – PenCom
The National Pension Commission refunded N848.92m to 3,499 retirees under the Contributory Pension Scheme and allowed them to leave the…