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The African Export-Import Bank (Afreximbank) has inaugurated a one billion dollars Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) to promote and expand trade and investments between Nigeria and the rest of Africa. Prof. Benedict Oramah, Afreximbank’s President said this in a statement on Friday in Abuja. Oramah inaugurated the programme as part of agreement made…
December 14, 2018
The Ekiti State Governor, Kayode Fayemi, has lifted the embargo placed on some banks by the immediate past administration. The Fayose-led administration had in May 2016 placed a “non-patronage” ban on three banks- Ecobank, GTbank and Zenith Bank Plc and forbade government Ministries, Departments and Agencies (MDAs) as well as workers from transacting business with…
December 10, 2018
The African Development Bank (AfDB) has completed a $500 million credit insurance to protect the bank against the non-payment of loans made to approximately 30 African financial institutions. The deal with African Trade Insurance Agency (ATI) covers a portion of the banks’ portfolio of non-sovereign operations in Africa. The deal with is expected to have…
November 1, 2018
The International Monetary Fund (IMF) has urged Nigeria to tighten its monetary policies and strengthen non-oil revenue mobilisation efforts for a stronger economy. The IMF Managing Director, Ms Christine Lagarde, gave the advice on Thursday at a news conference on some of the key issues affecting global economies. Lagarde said that domestic revenue mobilisation, which…
October 11, 2018
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has expressed concern that Nigeria’s celebrated exit from recession may suffer a reversal following recent indications from the nation’s economy. In a communique read at the end of its 263rd meeting yesterday in Abuja, CBN governor, Godwin Emefiele, who doubles as chairman of the…
September 26, 2018
To celebrate the life of Nigeria's foremost Banker, Jim Ovia, President Muhammadu Buhari and Vice President Yemi Osibanjo had heaped encomiums on the business guru on the occasion of launching his auto-biography titled ‘Africa Rise And Shine.” Lauding the achievements of Ovia, who is the Chairman, Zenith Bank Group, the President in a letter read…
September 18, 2018
The National Bureau of Statistics (NBS) says a total volume of 509,668,433 transactions valued at N32.90trn was recorded in the banking sector during the second quarter. The NBS made this known in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report released in Abuja. According to the…
August 20, 2018
The Central Bank of Nigeria (CBN), said the aggregate foreign exchange inflow into the country stood at $91 billion in 2017, a record compared with 2016. The bank disclosed in its 2017 annual report released on Thursday that the figure was an increase of 45 per cent from $62.75 billion in 2016. The bank also…
August 17, 2018
The President of the Trade Union Congress of Nigeria (TUC), Mr Bobboi Kaigama, announced Wednesday that a new amount agreed on by the Federal Government and labour to serve as Nigeria’s new minimum wage would be announced next month. Speaking in Lagos, Bobboi, told NAN that the committee working on the minimum wage had almost…
July 18, 2018
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The African Export-Import Bank (Afreximbank) has inaugurated a one billion dollars Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) to promote and expand trade and investments between Nigeria and the rest of Africa. Prof. Benedict Oramah, Afreximbank’s President said this in a statement on Friday in Abuja. Oramah inaugurated the programme as part of agreement made…
December 14, 2018
The Ekiti State Governor, Kayode Fayemi, has lifted the embargo placed on some banks by the immediate past administration. The Fayose-led administration had in May 2016 placed a “non-patronage” ban on three banks- Ecobank, GTbank and Zenith Bank Plc and forbade government Ministries, Departments and Agencies (MDAs) as well as workers from transacting business with…
December 10, 2018
The African Development Bank (AfDB) has completed a $500 million credit insurance to protect the bank against the non-payment of loans made to approximately 30 African financial institutions. The deal with African Trade Insurance Agency (ATI) covers a portion of the banks’ portfolio of non-sovereign operations in Africa. The deal with is expected to have…
November 1, 2018
The International Monetary Fund (IMF) has urged Nigeria to tighten its monetary policies and strengthen non-oil revenue mobilisation efforts for a stronger economy. The IMF Managing Director, Ms Christine Lagarde, gave the advice on Thursday at a news conference on some of the key issues affecting global economies. Lagarde said that domestic revenue mobilisation, which…
October 11, 2018
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has expressed concern that Nigeria’s celebrated exit from recession may suffer a reversal following recent indications from the nation’s economy. In a communique read at the end of its 263rd meeting yesterday in Abuja, CBN governor, Godwin Emefiele, who doubles as chairman of the…
September 26, 2018
To celebrate the life of Nigeria's foremost Banker, Jim Ovia, President Muhammadu Buhari and Vice President Yemi Osibanjo had heaped encomiums on the business guru on the occasion of launching his auto-biography titled ‘Africa Rise And Shine.” Lauding the achievements of Ovia, who is the Chairman, Zenith Bank Group, the President in a letter read…
September 18, 2018
The National Bureau of Statistics (NBS) says a total volume of 509,668,433 transactions valued at N32.90trn was recorded in the banking sector during the second quarter. The NBS made this known in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report released in Abuja. According to the…
August 20, 2018
The Central Bank of Nigeria (CBN), said the aggregate foreign exchange inflow into the country stood at $91 billion in 2017, a record compared with 2016. The bank disclosed in its 2017 annual report released on Thursday that the figure was an increase of 45 per cent from $62.75 billion in 2016. The bank also…
August 17, 2018
The President of the Trade Union Congress of Nigeria (TUC), Mr Bobboi Kaigama, announced Wednesday that a new amount agreed on by the Federal Government and labour to serve as Nigeria’s new minimum wage would be announced next month. Speaking in Lagos, Bobboi, told NAN that the committee working on the minimum wage had almost…
July 18, 2018
