FG Tasks NAICOM On Prompt Claims Payment 

FG Tasks NAICOM On Prompt Claims Payment 

The Federal Government has called on the National Insurance Commission (NAICOM) to put in place measures that will ensure insurance companies meet their obligations to policyholders by paying claims promptly.  Dr Zainab Ahmed, the Minister of Finance, Budget and National...
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NADDC Begins Automotive Financing Talks With CBN 

NADDC Begins Automotive Financing Talks With CBN 

The National Automotive Design and Development Council (NADDC)has commenced discussions with the Central Bank of Nigeria (CBN) to design workable solutions for automotive financing to make auto purchase affordable for Nigerians, Jelani Aliyu, the Director-Gene...
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FMBN Disburses N394.6b To Beneficiaries 

FMBN Disburses N394.6b To Beneficiaries 

The Federal Mortgage Bank of Nigeria (FMBN) has disbursed N394.575 billion to beneficiaries from 1992 to 2022.  The Group Head, Corporate Communications (FMBN), Mr Lawal Sauri disclosed this in an interview with the News Agency of Nigeria (NAN) on Monday....
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AfDB To Double Africa’s Climate Finance To $25b 

AfDB To Double Africa’s Climate Finance To $25b 

The African Development Bank (AfDB) will within the next five years double the climate change finance of Africa to $25 billion   Dr Kevin Kariuki, AfDB Vice-President for Power, Energy, Climate and Green Growth, said this at a virtual news conference...
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Neimeth Explains Agenda For N5b Fresh Capital

Neimeth Explains Agenda For N5b Fresh Capital

Shareholders of  Neimeth International Pharmaceuticals PLC have approved the plan of the Board to raise the sum of N5 billion through a hybrid offering of Rights to existing shareholders and private placement. The money will be used to finance major...
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Banking Industry: Emefiele Pushes For More Women In Top Positions

Banking Industry: Emefiele Pushes For More Women In Top Positions

Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Thursday, said that the bank had issued gender-mandated regulations to pave way for gender diversity and inclusiveness at the top management levels in the banking industry.  Emefiele made t...
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CBN Reduces Charges On Electronic Transactions

CBN Reduces Charges On Electronic Transactions

The Central Bank of Nigeria (CBN) has announced a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs) and Non-Bank Financial Institutions. A circular by Chibuzor...
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Cititrust Holdings Repositions, Explains Agenda

Cititrust Holdings Repositions, Explains Agenda

As part of measures to enhance growth, Cititrust Holdings Plc has divested its 100 percent equity holdings in Cititrust Financial Services Plc.  A statement issued by Cititrust Holdings on Wednesday explained that the decision was taken after considering that...
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SEC DG Canvasses Support For Non-Interest Finance

SEC DG Canvasses Support For Non-Interest Finance

The Director-General, Securities and Exchange Commission (SEC), Lamido Yuguda has stated that the Non-Interest finance segment holds great potentials in furthering the development of the capital market and the growth of the Nation’s economy.The SEC DG wh...
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CBN Releases Guidelines For Payment Service Holding Companies

CBN Releases Guidelines For Payment Service Holding Companies

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria.  A circular issued by Mr Musa Jimoh, CBN’s Director, Payments System Management Department in...
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Sekibo: Market Formation Framework, Driver To Optimally Develop Solid Mineral Sector

Sekibo: Market Formation Framework, Driver To Optimally Develop Solid Mineral Sector

MD/CEO of Heritage Bank Plc, Ifie Sekibo has said that market formation framework is the key to optimally exploit Nigeria’s precious metal and solid minerals endowments.  He disclosed this during a webinar organised by the Securities and Exchange Commis...
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SEC Nigeria Proposes N10m Registration Fees For Issuing Houses, Others

SEC Nigeria Proposes N10m Registration Fees For Issuing Houses, Others

The Securities and Exchange Commission (SEC) has proposed N10 million registration fee for issuing houses, underwriters and fund managers from the current fee of N500,000.  The commission stated this in a document titled, “Exposure of proposed new rule ...
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G20 Finance Ministers Back Deal To Tax Companies

G20 Finance Ministers Back Deal To Tax Companies

G20 finance ministers have backed an “historic” plan which will see multinational companies pay their “fair share” of tax around the world. The plan to battle tax avoidance puts in place a minimum global corporate tax rate of 15%. ...
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FirstBank Shines In Global Banking, Finance Awards

FirstBank Shines In Global Banking, Finance Awards

First Bank of Nigeria Ltd., has been awarded the 2021 ‘Retail Banking CEO of the Year Nigeria’; ‘Most innovative Retail Banking App Nigeria’ and ‘’Best CSR Bank Nigeria.’’  In a statement issued on Sunday, Dr Adesola Adeduntan, Chief Execu...
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