Africa needs new financing models to bridge development gaps, says Osinbajo

Africa needs new financing models to bridge development gaps, says Osinbajo

Acting President, Yemi Osinbajo, has advocated a new paradigm in financing infrastructure projects in Africa in order to close the huge infrastructure gap in the continent.   He stated this on Tuesday at a forum to mark Africa Finance Corporation’s...
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Ecobank targets 40m customers in five years, retains 405 branches in Nigeria

Ecobank targets 40m customers in five years, retains 405 branches in Nigeria

Ecobank Nigeria limited on Monday restated that it has invested in state of the art mobile application that is fast, accessible and gives better transaction incentive to the users, thereby making their banking activities simpler, accessible and cheaper and at....
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UBA posts N22.4b profit in first quarter

UBA posts N22.4b profit in first quarter

For the first quarter ended March 2017, United Bank for Africa Group (UBA) recorded Profit After Tax of N22.4billion, indicating 32 percent year-on-year growth compared to N17.0 billion achieved in the corresponding period of 2016.   The group also sustained...
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Photo News

Photo News

Minister of Finance, Mrs. Kemi Adeosun (Right) with her Angolan counterpart,  Augusto Archer de Sousa Mangueira  at the Spring Meetings of the IMF/World Bank meeting in Washington DC
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FG clears N54b pension backlog

FG clears N54b pension backlog

Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to...
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CBN re-introduces charges on cash deposits, withdrawals

CBN re-introduces charges on cash deposits, withdrawals

About three years after the policy was suspended, the  Central Bank of Nigeria (CBN) on Thursday announced the re-introduction of bank charges on certain categories of cash deposits and withdrawals.      In a circular to all Deposit Money Banks posted on...
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WFE unveils report on SME financing, equity markets

WFE unveils report on SME financing, equity markets

The World Federation of Exchanges (WFE) on Wednesday  published a report into exchanged-based financing of Small and Medium Enterprises (SMEs), aimed at identifying globally-consistent barriers and opportunities for enhancing SME access to equity finance. As ...
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Citigroup, others to issue Nigeria’s $1b Eurobond in 2017

Citigroup, others to issue Nigeria’s $1b Eurobond in 2017

The Federal Executive Council (FEC) has approved the appointment of transaction parties for the one billion dollars Eurobond to be issued in January, 2017. Speaking after the Federal Executive Council (FEC) meeting on Wednesday, the Minister of Finance Mrs Kem...
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Investors get N29b from unclaimed dividend in one year

Investors get N29b from unclaimed dividend in one year

Ongoing campaign by the Securities and Exchange Commission (SEC) for investors to embrace e-dividend mandate has led to the payment of N29 Billion out of N90 Billion unclaimed dividend  between November 2015 and this year.   Briefing Journalists on the...
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FBN Holdings takes financial literacy to youths

FBN Holdings takes financial literacy to youths

In its sustained commitment to encourage savings culture among Nigerians, FBN Holdings Plc joined the rest of the world on Monday in celebrating the 2016 World Savings Day by engaging children and youths on the rudiments of savings in line...
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FG to reflate economy with N350B

FG to reflate economy with N350B

The Federal Government has announced plan to boost the economy with additional N350 Billlion.   According to the Minister of Finance, Mrs Kemi Adeosun, plans are also underway to raise $1 Billion from Euro-Bonds by December, this year.  Briefing Journalists....
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