archiveApril 21, 2017

Two weeks after opening a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items, the Central Bank of Nigeria (CBN) on Friday, April 21, 2017, established a Forex widow for investors and exporters tagged: “Investors’ & Exporters’ FX Window”. A circular...

The Chief Executive Officer of Diamond Bank Plc, Uzoma Dozie has urged European entrepreneurs and investors to step-up their investment stakes in Africa, noting that the fundamentals for sustainable growth and development in the continent has remained positive. Addressing investors, captains of industry, corporations, thought leaders, opinion and policy makers...

Sterling Bank Plc has sponsored the second edition of Open House Lagos with the theme: 50 years of Resilience and Innovation organised by the British Council and Open House Lagos Board. Addressing journalists at a press conference to herald the second edition of the project in Lagos in recently, Chief...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.37 per cent, while the year-to-date return stood at -6.27 per cent. The All Share Index closed at 25,189.37 against the previous close of 25,282.75 while Market Capitalization closed at ₦8.716 trillion against previous close of...

The Central Bank of Nigeria, has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of above N500,000 or deposit of same amount. The apex bank’s Director, Banking and Payments System Department, Dipo Fatokun, in a circular dated April 20, 2017, said all the charges introduced in...

• Let’s protect SMEs, report to CBN To ensure that nobody sabotages its efforts at easing the flow of foreign exchange to Small and Medium Enterprises (SMEs) that need it, the Central Bank of Nigeria (CBN) has released the means of contacting it in case of any frustration encountered in...

• Oil, factory output better than in three previous quarters • Statistician-General says farming, telecoms maintained growth Nigeria’s economy, which contracted in 2016, performed better in the first three months of this year than during the previous three quarters on improved oil production and factory output, according to Statistician-General Yemi...

Cross River State Governor, Ben Ayade, has described as tragic and horrifying, the loss of several lives at a viewing centre in Calabar, the Cross River capital on Thursday. The governor said this in a statement issued by Christian Ita, his Senior Special Assistant on Media and Chief Press Secretary...

• Calls for focus on non-oil revenue growth, tax compliance and budget accountability to drive sustainable economic development The Honourable Minister of Finance, Mrs Kemi Adeosun, met with fellow Finance Ministers at a meeting convened by the G24 Group to discuss strategies to drive non-oil revenue growth and achieve inclusive...