Access, GT Banks Close Accounts Of Cryptocurrency Traders
The CBN had on February 5 directed banks to close the accounts of those involved in cryptocurrency transactions in their…
Category: Local
Jaiz Bank Targets Micro, Small and Medium Enterprises Growth Via Hajj Savings
Jaiz Bank PLC is seeking to boost access to financing for Micro, Small and Medium Enterprises (MSMEs), through the newly-introduced…
Federal Government Banks on Finance Act for Quick Economic Recovery
The federal government has expressed optimism that the implementation of the Finance Act, 2020 and Strategic Revenue Growth Initiative (SRGI)…
Again, Organisation Of Petroleum Exporting Countries Cuts 2021 Oil Demand, Projects Q2 Rise
The Organisation of Petroleum Exporting Countries (OPEC), projected yesterday that world oil demand in 2021 will rebound more slowly than…
UAE Suspends Flights From Nigeria, Says Air Peace
The Management of Air Peace on Thursday announced that the UAE Government had stopped the airlifting of passengers from Nigeria…
Buhari Approves Take-Off Of Trillion Naira Company Infra-Co
President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial…
Access Bank Nigeria Gets Sustainability Certification
As the sustainability leader in Africa, Access Bank PLC was invited to participate in the Sustainability Certification under the Sustainability…
Nigerian Banks’ Lending Rates Discouraging Productivity, Say Manufacturers
Most manufacturers have said the commercial banks’ lending rates are discouraging productivity in the nation’s manufacturing sector, the Manufacturers Association…
A Nigerian Bank Stanbic IBTC Announces key Executive Appointments
Stanbic IBTC Holdings PLC said it had made major executive appointments across its units in an attempt to bolster its…
DMO: Nigeria’s Debt-GDP Will Increase By 15 Percent
The federal executive council (FEC) has approved a new medium-term debt management strategy (MTDS), that will guide the government in…
United Nigeria Airline Conducts Inaugural Flight On Friday
A new entrant into Nigeria’s scheduled domestic air operations, United Nigeria Airline, will conduct its inaugural flight on Friday, Feb.…
Experts Urge Assets Privatisation, Securitisation To Finance Budget Deficit
The Federal Government has been urged to finance its N5.2 trillion budget deficit through privatisation of moribund assets and securitisation through conversion…
Dangote Cement, Six Others Halt Stocks’ Losing Streak
The nation’s stock market halted its eight-day losing streak on Thursday on the back of the price appreciation recorded by…
11 Plc Plans Delisting From Nigerian Stock Exchange After 43 Years
11 Plc, formerly Mobil Oil Nigeria Plc, has disclosed plans to delist its shares from the Nigerian Stock Exchange (NSE)…
Nigeria Bets On Strategic Initiative, Finance Act To Boost Revenue-To-GDP By 15%
Nigeria is targeting to increase revenue as a percentage of GDP to 15 percent by 2023 from the current levels…
Why We Decided To Regulate Crypto Assets, Others –Securities And Exchange Commission
The Securities and Exchange Commission has said it decided to provide regulatory certainty within the digital asset space last year…
High Year-End Spending Drove Inflation Upward
Report Summary The Macroeconomy The IMF forecasted a sluggish growth for the Nigerian economy in 2021. High year-end spending drove…
We’re Ready To Resume Petrol Importation, Say Marketers
Oil marketers have said they are ready to resume importation of Premium Motor Spirit (petrol) if foreign exchange is made…
Africa Business Leaders Optimistic Of Swift Economic Recovery In 2021
Business leaders in Africa have expressed the hope that economic prosperity and increase in trading activities would return to the…
Securities Dealers Need Intervention Fund, Chartered Institute Of Stockbrokers tells Central Bank Of Nigeria
The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to create an intervention fund for securities dealing…
Ecobank Of Nigeria Appoints New Director
Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an independent of non-executive director, Hervé S. Assah. Mr…
Nigeria Securities And Exchange Commission Unveils New Guidelines For Collective Investment Scheme
As NSE lists Briclinks Africa N10m shares on Growth Board The Securities and Exchange Commission (SEC), has released general rules…
Nigerian National Petroleum Corporation, others risk losing $400bn amid climate goals – Report
Twenty per cent of anticipated investments in the oil and gas sector by state-owned oil companies, including the Nigerian National…
Ecobank Of Nigeria Allows Money Transfer Through SMS, WhatsApp
Ecobank Nigeria has said its customers are now able to transfer funds by email, SMS and WhatsApp with the new…
Nigerian Stock Exchange Lose N426bn As 37 Stocks Post Decline
Investors in the nation’s stock market lost N426bn on Wednesday as 37 firms recorded price decline. The market extended its…
Nigeria Loses N189.90bn To Gas Flaring In 11months
Nigeria lost an estimated N189.90bn from January to November 2020 as international oil companies and local players flared a total…
Nigerian Federal Government Approves Bankers’ Committee Takeover Of National Theatre, N21.89bn Renovation
The Federal Executive Council on Wednesday approved a Memorandum of Understanding between the Ministry of Information and Culture and the…
Fuel Scarcity Looms As Marketers Disrupt Fuel Loading
Members of the Independent Petroleum Marketers Association of Nigeria on Wednesday disrupted loading of petroleum products at private depots in…
Addressing Vulnerabilities In Port System
At such a time of dwindling oil fortunes and resultant effect on the economy, the nation’s maritime industry is considered…
Nigeria, Others Comply With OPEC Quota In January
Nigeria and other OPEC+ in the month of January comply fully with the cartel production out. This has consequently resulted…