archiveMay 2017

The Managing Director of Heritage Bank Plc, Ifie Sekibo, has said the N2 billion long-term facility by the bank and Central Bank of Nigeria under the Commercial Agriculture Credit Scheme (CACS) gave to Triton Aqua Africa Limited (TAAL) has continued to boost job creation Sekibo disclosed this at the weekend,...

Ecobank Nigeria limited has said that it has invested in state of the art mobile application that is fast and accessible and gives better transaction incentive to the users, thereby making their banking activities simpler, accessible and cheaper and at their finger tips . This is the bank’s strategy for...

Equities investors on the Nigerian Stock Exchange (NSE) on Tuesday gained N117 billion following increased sentiments trading on high capitalized stocks. The market capitalization increased by 1.28 per cent to close at N9.249 trillion from N9.132 trillion it closed on Monday. The major market indicators, All-Share Index closed at 26,756.21...

The Central Bank of Nigeria (CBN) has expressed concern over the low level returns performance of Other Financial Institutions (OFIs) on anti- money laundering and combating financing of terrorism (AML/CFT) contrary to its regulatory requirement. In a circular signed by Director, Other Financial Institutions Supervision Department, CBN, Mrs. Tokunbo Martins,...

Nigeria is seeking $5.2 billion dollars from the World Bank to expand electricity generation and help the economy recover from its first contraction in 25 years. The bank’s private-sector lending arm, the International Finance Corporation (IFC), may invest about $1.3 billion dollars in power projects and electricity distribution companies. Its...

The Acting President, Yemi Osinbajo, has again stressed the importance of a government, private sector partnership in the execution of development projects in the country saying it as the only way to grow the economy. He said it was obvious that government alone cannot provide all the services and infrastructure...

The Nigerian naira traded at about 400 to the dollar in deals for investors on Monday, traders told Reuters, two weeks after the Central Bank of Nigeria (CBN) allowed investor trade in the currency at market-determined rates. Trading sources said investors were demanding rates above 400 naira per dollar while...

Some of the Chibok schoolgirls abducted three years ago by Islamist Boko Haram militants refused to be part of a group of 82 girls freed at the weekend, a mediator involved in the release said on Monday. The militants on Saturday released 82 schoolgirls out of the more than 200...

The Central Bank of Nigeria (CBN) said on Monday that it released $81.2 million for dollar requests in its continuing drive to improve liquidity. In a statement, the bank said it provided $44 million to meet requests for expenses such as medical and school fees, and to cover travel allowances....

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.70 per cent, while the year-to-date return stood at -1.70. The All Share Index closed at 26,418.33 against the previous close of 26,235.63 while Market Capitalization closed at ₦9.132 trillion against previous close of ₦9.069 trillion....