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Diaspora Nigerians wired $22 billion home in 2017 which amounts to an African record and the fifth largest remittance by immigrants globally, according to the World Bank. Egypt received $20 billion from its citizens abroad, according to figures published by the bank today. The World Bank said payments from immigrants back to their home countries…
April 23, 2018
Nigeria’s Minister of Finance, Mrs Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, affirmed on Sunday that the country’s positive growth outlook would be sustained. The Minister and the CBN Governor gave this assurance at a joint press briefing at the end of the 2018 International Monetary Fund and…
April 22, 2018
...As Shareholders Accuse Minister Of Interfering In SEC's Affairs By Dotun Akintomide The Minister of Finance, Mrs. Kemi Adeosun had given reasons why she waded into the crisis rocking the Nigeria's Securities and Exchange Commission (SEC) following the multiple events of the last one week pertaining to the lifting, reinstatement and lifting again of the technical…
April 17, 2018
By 'Dotun Akintomide Few hours after President Muhammadu Buhari said he would seek re-election in 2019, Nigeria's stock market has dropped to three months low. The declaration put an end to months of speculation about his political future after bouts of ill health. According reuters, the stock market which opened on a losing streak after…
April 9, 2018
The Nigerian currency, Naira, at the end of trading activities at the Investors & Exporters Foreign exchange Window (I&E), last week, appreciated against the US Dollar by 0.05 per cent to close at N360.0, amid weekly injections by the Central Bank of Nigeria (CBN). The apex bank during the week under review lifted the Foreign…
April 9, 2018
Operators in the Nigerian Stock Exchange (NSE) on Monday said that delay in the passage of the 2018 budget would negatively affect the capital market. Some of them expressed optimism that the 2017 earnings anticipated by investors this week would boost activities on the Exchange. They told the News Agency of Nigeria (NAN) in Lagos…
March 5, 2018
As a result of the high rate of e-banking fraud in Nigeria, the Nigerian Communications Commission (NCC) has collaborated with the Central Bank of Nigeria (CBN) and stakeholders in the sector to fight the menace. NCC at a one-day interactive workshop in Port Harcourt, the Rivers State capital said that all hands must be on deck…
December 27, 2017
The Central Bank of Nigeria has expressed concern that “not a penny” of the N26 billion Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS) has been disbursed nearly one year after its establishment, even as it expects the fund to hit N60 billion by the end of the year. To the end, it said the…
December 11, 2017
By 'Dotun Akintomide The apex bank Wednesday said it had injected $210 million sustain liquidity in the forex market. According to the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, the sum of $100 million was offered to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment got an allocation of $55…
December 6, 2017
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Diaspora Nigerians wired $22 billion home in 2017 which amounts to an African record and the fifth largest remittance by immigrants globally, according to the World Bank. Egypt received $20 billion from its citizens abroad, according to figures published by the bank today. The World Bank said payments from immigrants back to their home countries…
April 23, 2018
Nigeria’s Minister of Finance, Mrs Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, affirmed on Sunday that the country’s positive growth outlook would be sustained. The Minister and the CBN Governor gave this assurance at a joint press briefing at the end of the 2018 International Monetary Fund and…
April 22, 2018
...As Shareholders Accuse Minister Of Interfering In SEC's Affairs By Dotun Akintomide The Minister of Finance, Mrs. Kemi Adeosun had given reasons why she waded into the crisis rocking the Nigeria's Securities and Exchange Commission (SEC) following the multiple events of the last one week pertaining to the lifting, reinstatement and lifting again of the technical…
April 17, 2018
By 'Dotun Akintomide Few hours after President Muhammadu Buhari said he would seek re-election in 2019, Nigeria's stock market has dropped to three months low. The declaration put an end to months of speculation about his political future after bouts of ill health. According reuters, the stock market which opened on a losing streak after…
April 9, 2018
The Nigerian currency, Naira, at the end of trading activities at the Investors & Exporters Foreign exchange Window (I&E), last week, appreciated against the US Dollar by 0.05 per cent to close at N360.0, amid weekly injections by the Central Bank of Nigeria (CBN). The apex bank during the week under review lifted the Foreign…
April 9, 2018
Operators in the Nigerian Stock Exchange (NSE) on Monday said that delay in the passage of the 2018 budget would negatively affect the capital market. Some of them expressed optimism that the 2017 earnings anticipated by investors this week would boost activities on the Exchange. They told the News Agency of Nigeria (NAN) in Lagos…
March 5, 2018
As a result of the high rate of e-banking fraud in Nigeria, the Nigerian Communications Commission (NCC) has collaborated with the Central Bank of Nigeria (CBN) and stakeholders in the sector to fight the menace. NCC at a one-day interactive workshop in Port Harcourt, the Rivers State capital said that all hands must be on deck…
December 27, 2017
The Central Bank of Nigeria has expressed concern that “not a penny” of the N26 billion Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS) has been disbursed nearly one year after its establishment, even as it expects the fund to hit N60 billion by the end of the year. To the end, it said the…
December 11, 2017
By 'Dotun Akintomide The apex bank Wednesday said it had injected $210 million sustain liquidity in the forex market. According to the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, the sum of $100 million was offered to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment got an allocation of $55…
December 6, 2017
