Category: Economy

SEC Tasks Banks On Recapitalisation, Corporate Governance
December 8, 2024 No Responses

SEC Tasks Banks On Recapitalisation, Corporate Governance

The Securities and Exchange Commission ( SEC) has urged banks to strengthen their corporate governance principles and risk management framework to enhance investors’ confidence in the ongoing recapitalisation exercise.At the just concluded yearly workshop of the Capital Market Correspondents Association...
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NPA Boss Tours Eastern Ports, Harps On Increased Investment
December 5, 2024 No Responses

NPA Boss Tours Eastern Ports, Harps On Increased Investment

In continuation of his resolve to galvanize port concessionaires and terminal operators into increasing their In-Country investments in Port infrastructure equipment, Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Wednesday and Th...
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Creditcorp, NADDC Unveil ₦20b Consumer Credit For Locally-Assembled Automobiles
December 5, 2024 No Responses

Creditcorp, NADDC Unveil ₦20b Consumer Credit For Locally-Assembled Automobiles

The Nigerian Consumer Credit Corporation (CREDICORP) and the National Automotive Design and Development Council (NADDC) have kicked off the first phase of a consumer credit fund enabling Nigerians to purchase locally-assembled automobiles.City Business News re...
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Senate Passes Investments, Securities Bill 2024
December 4, 2024 No Responses

Senate Passes Investments, Securities Bill 2024

 In a major boost to the operations of the Securities and Exchange Commission(SEC) and the Nigerian capital market, the Senate  has passed the Investments and Securities Bill 2024.The Investments and Securities Bill, meant to repeal the Securities and Exch...
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Greenwich Merchant Bank Appoints Benson Ogundeji As MD/CEO
December 3, 2024 No Responses

Greenwich Merchant Bank Appoints Benson Ogundeji As MD/CEO

The Board of Directors, Greenwich Merchant Bank Limited has announced the appointment of Mr. Benson Ogundeji as its substantive Managing Director/Chief Executive Officer, following the receipt of the approval of the Central Bank of Nigeria (CBN).The Chairman o...
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‘Tax Reform Bills Will Not Impoverish North’
December 3, 2024 No Responses

‘Tax Reform Bills Will Not Impoverish North’

The presidency on Monday refuted claims that some sections of the Tax Reform Bills are targeted at impoverishing the northern region of the country. According to the presidency, changing the funding source of agencies such as the Tertiary Education Trust...
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UBA, NIBSS, Others Collaborate On NQR Payment Solution
December 1, 2024 No Responses

UBA, NIBSS, Others Collaborate On NQR Payment Solution

To enhance financial inclusion and the digital payment landscape in Nigeria, the United Bank for Africa (UBA) on behalf of Nigeria Inter-Bank Settlement System (NIBSS), other Banks and financial institutions, has successfully hosted the inaugural Annual Genera...
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UBA Photo News
November 29, 2024 No Responses

UBA Photo News

Group Chairman, United Bank for Africa (UBA) Plc, Mr Tony O. Elumelu, CFR; French Minister of Finance, Mr. Antoine Armand signing a landmark business cooperation agreement for the development of UBA’s full banking operations in France. Watching on are Presid...
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Photo News
November 29, 2024 No Responses

Photo News

L-R: Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; President/Chief Executive, Dangote Group, Alhaji Aliko Dangote, GCON; Group Managing Director/Chief Executive, Zenith Bank Plc, Dame (Dr.) Adaora Umeoji, OON; Director General of...
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NPA Harps On Activation Of Burutu Port, Increased Solid Minerals Exports
November 29, 2024 No Responses

NPA Harps On Activation Of Burutu Port, Increased Solid Minerals Exports

To consolidate on the gains made in the facilitation of exports, the Management of Nigerian Ports Authority (NPA) has pledged to provide technical guidance and allied support necessary for operationalization of Burutu Port in Delta State.  Dr. Abubakar Da...
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Auto Expo 2025: NADDC, Abuja Chamber Of Commerce Mull Partnership
November 28, 2024 No Responses

Auto Expo 2025: NADDC, Abuja Chamber Of Commerce Mull Partnership

The National Automotive Design and Development Council (NADDC) is to work closely with Abuja Chamber of Commerce and Industry (ACCI) on upcoming initiatives, including the proposed auto expo, aimed at promoting a cleaner, greener future for Nigeria’s automot...
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Senate Committee To Facilitate Concession Agreement Renewal
November 27, 2024 No Responses

Senate Committee To Facilitate Concession Agreement Renewal

As part of its oversight function of monitoring the performances of concessioned firms, the Senate Committee on Privatisation, led by Senator Sunday Marshall Katung, has expressed the committee’s readiness to facilitate a faster renewal of Ports and Carg...
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Customs Boss Unveils New Tin Can Island Administrative Building
November 26, 2024 No Responses

Customs Boss Unveils New Tin Can Island Administrative Building

The Tin Can Island Port Command of the Nigeria Customs Service (NCS) has been commissioned by the Comptroller General of Nigeria Customs Service (NCS),Unveiling the complex on Tuesday in Lagos,Adeniyi described the new look of the facilities as capable of...
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NLNG Bags Three NECA Awards
November 26, 2024 No Responses

NLNG Bags Three NECA Awards

The Nigeria LNG has been honoured with three awards at the 4th Nigeria Employers’ Consultative Association (NECA) Employers’ Excellence Awards.Nigeria LNG in a statement on its Facebook page on Tuesday explained that “These awards recognise our commi...
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