Finance Archives — City Business News

December 2, 2024 No Responses

NIMASA DG: AFRICA’S MARITIME SECTOR REQUIRES INNOVATIVE FINANCING

The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA), Dr. Dayo Mobereola, has declared that innovative financing models will serve as a catalyst for achieving sustainable development in the African Maritime industry. Mobereola, who stated this while...

September 29, 2024 No Responses

At FICAN Conference, NDIC, Others Harp On Collaboration Towards Nigeria’s $1trn Economy

For Nigeria to achieve the $1trillion Gross Domestic Product (GDP) by 2026, the Nigeria Deposit Insurance Corporation (NDIC), among other stakeholders, have emphasized on the need for banks and Fintech companies to collaborate and drive the real sector growth....

September 28, 2024 No Responses

NDIC: Why We Have Not Paid Some Depositors Of Heritage Bank

The Managing Director, Nigeria Deposit Insurance Corporation, NDIC, Mr. Bello Hassan, has disclosed that some of the Insured Depositors of the defunct Heritage Bank are yet to be paid due to failure to provide necessary information of alternative bank acc...

September 19, 2024 No Responses

EFCC Harps On Enhanced Ethics In Accounting Profession

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has charged accountants across the country to show greater regard for the ethics of their profession and observance of the country’s financial regulations. He gav...

November 26, 2023 No Responses

NDDC To Unveil Sustainable Development Vision

Chairman of the Governing Board, Niger Delta Development Commission (NDDC) Mr. Chiedu Ebie, has disclosed that the new leadership in the Commission will unveil the right vision and set the tone for the management to drive the sustainable development of...

October 3, 2023 No Responses

Unlocking Prosperity: NGX Group’s Efforts In Bridging The Financial Literacy Gap

By Clifford Akpolo — Within the intricate landscape of Nigeria’s economic future lies a critical divide that demands the attention of all stakeholders — the chasm of financial literacy. In a nation with boundless aspirations, the sobering realit...

August 29, 2023 No Responses

Nigeria Ends Borrowing

The Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this...

August 5, 2023 No Responses

NDDC Trains Finance, Audit Staff

The Niger Delta Development Commission, NDDC, says that training is crucial in upscaling its management processes to enhance efficiency and transparency in its service delivery to the people of the Niger Delta region.Speaking during a two-day in-house training...

April 1, 2023 No Responses

Union Bank, CIG Motors Seal Auto Finance Partnership

Union Bank of Nigeria has signed a commercial partnership agreement with Choice International Group (CIG) Motors Limited, a member of CIG Group of Companies, to provide auto financing services to the Bank’s customers. The deal, signed at Union Bank’s...

March 19, 2023 No Responses

WFE: $25tri Wiped Off Global Stock Markets

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, indicates that $25 trillion was wiped off global stock markets in 2022.City Business News reports that WFE’s Financial...

December 1, 2022 No Responses

Access Holdings Shareholders Approve New Capital Structure

Shareholders of Access Holdings (Access Corporation) Plc, have approved the transfer of 35.545 billion shares in the issued and paid-up capital of Access Bank to the Holding Company. The shareholders at Access Holdings Extra General Meeting held in ...

November 22, 2022 No Responses

World Bank Urges Nigeria To Fix Public Finances

World Bank has advised Nigeria to fix its public finances as part of measures to promote inclusive and sustainable development. This is contained in the World Bank Nigeria Public Finance Review Report released on Monday in Abuja. A copy of...

November 22, 2022 No Responses

IMO Scribe: Maritime Nations Need Finance To Develop Fossil Fuel

Maritime nations need finance to invest in fossil fuels, Secretary-General, International Maritime Organisation (IMO), Mr Kitack Lim, has said. Lim said this at the 2022 Nigerian International Maritime Summit held in Lagos on Monday. He noted that ...

July 28, 2022 No Responses

CBN Issues National Licence To TAJBank

TAJBank Limited Nigeria’s leading non-interest bank has secured approval for nationwide banking operations from the Central Bank of Nigeria (CBN). The bank’s Managing Director, Mr Hamid Joda, made this known in a statement on Wednesday. Joda said tha...