Finance Archives — City Business News

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 head...

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...

July 28, 2022 No Responses

Fidelity Bank Rewards Customers With N10m

Fidelity Bank Plc has rewarded 10 customers with N1million each in the eight monthly draws of its Get Alerts in Millions season five promo (GAIM 5). Dr Ken Opara, the Promo Chairman and Executive Director, Lagos and South-West, said at...

July 26, 2022 No Responses

Ecobank Nigeria Extends Remittance Services To Business Accounts Holders

Ecobank Nigeria has extended its innovative remittance services to its business account holders. According to Ecobank, this implies that Business Account holders can now receive funds sent through Ecobank Rapidtransfer or any of its Remittance franchise ...

July 19, 2022 No Responses

DMO Raises N123b In July FG Bond Auction

The Debt Management Office (DMO) has raised N123.85billion in its July Federal Government of Nigeria (FGN) bond auction. A statement issued by DMO on Monday explained that the three instruments auctioned were valued at N75 billion each, totalling N225 bi...

July 17, 2022 No Responses

World Bank deploys $114.9b To Finance Global Crisis

The World Bank Group has responded to the overlapping global crises by deploying $114.9 billion in financing in 2022. In a statement on Saturday, the Bank explained that from July 1, 2021, to June 30, 2022, it responded with unprecedented scale...

July 1, 2022 No Responses

Sterling Bank Emerges Best Financial Institution As ACGSF Rewards Farmers

Sterling Bank was on Thursday named Best Participating Financial Institution for 2021 at the Agriculture Credit Guarantee Scheme Fund (ACGSF). The ACGSF, in an event in Abuja, also rewarded three Agriculture entrepreneurs who took loans and repaid ...

June 28, 2022 No Responses

Finance Minister Receives Revised Nigerian Capital Market Master Plan

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has received the Revised Nigerian Capital Market Master Plan (2021-2025). Receiving the report on Monday in Abuja, the Minister reiterated the commitment of the Federal Government to...

June 12, 2022 No Responses

NDIC Reiterates Commitment To Financial Stability

Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has said the corporation would continue to monitor the banking sector to address challenges it might be facing. Hassan said this at a retreat for members of the Senate...

June 12, 2022 No Responses

Experts To Brainstorm On Nigeria’s Financial Inclusion Initiative At Oriental News Confab

Key stakeholders in Nigeria’s financial sector would engage in a robust round table discussion on governments key policy which centers around inclusive financial system that will cover all strata of the society. The experts drawn from key private s...