Finance Archives — Page 10 of 21

June 22, 2018 No Responses

‘Nigerian Banks Lose N12.30B To Fraud In Four Years’

The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security Summit...

June 20, 2018 No Responses

FG Explains N1.580Trillion Capital Cost To MDAs

The Federal Government has announced that a total of N1,580,270,755,084.44(One trillion, five hundred and eighty billion, two hundred and seventy million, seven hundred and fifty-five thousand, eighty-four naira, forty-four kobo) capital cost was released to M...

June 20, 2018 No Responses

Naira Converges At N360 To Dollar

The Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market, the News Agency of Nigeria(NAN) reports. At the parallel market, the naira traded at N360 to a dollar, stronger than the N360.6 exchanged before...

June 13, 2018 No Responses

CBN Injects $210m Into Foreign Exchange Market

The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars to meet customers’ requests in various segments of the foreign exchange market. The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor in a statement in Abuja said the...

June 11, 2018 No Responses

“New Excise Duty Rates Not Targeted At Local Manufacturers”

The new excise duty rates approved by President Muhammadu Buhari on alcoholic beverages and tobacco are not targeted at local manufacturers, the Ministry of Finance has declared. In a statement on Sunday the Ministry explained that the new excise duty...

June 9, 2018 No Responses

WFE Explains Renewed Focus On Growth In Capital Markets

The World Federation of Exchanges (WFE) on Friday co-hosted a symposium with the Shanghai Stock Exchange (SSE) on the future of global capital markets. Held in Shanghai, the event brought together WFE members and industry stakeholders to focus on three...

May 31, 2018 No Responses

CBN Sustains FOREX Market Intervention With $210M

The Central Bank of Nigeria (CBN), on Wednesday, May 30, 2018, again sustained its supply in the inter-bank Foreign Exchange market with the sum of $210 million The Bank offered the sum of $100 million to authorized dealers in the...

May 29, 2018 No Responses

Emefiele Inspects Dollar Sales In Abuja

Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), on Monday paid an unannounced visit to First Bank, UBA and Zenith banks offices in Abuja to inspect sales of foreign currencies to customers. He said that the visit was...

May 28, 2018 No Responses

Photo News

The Honourable Minister of Finance, Mrs. Kemi Adeosun, with her predecessor and former Managing Director of World Bank Group, Dr. Ngozi Okonjo-Iweala, at the 53rd Annual Meetings of the African Development Bank’s (AfDB) Board of Governors in Busan, South...

May 23, 2018 No Responses

Monetary Policy Committee Meeting Communiqué

The Monetary Policy Committee (MPC) met on the 21st and 22nd of May, 2018 against the backdrop of optimistic global growth outlook and sustained recovery in the domestic economy. The Committee examined the performance, risks, vulnerabilities in the global and....

May 23, 2018 No Responses

Nigeria Invests $10b In Infrastructure In Three Years

The Vice-President, Prof. Yemi Osinbajo, says the Federal Government has invested close to 10 billion dollars in infrastructure development in the last three years. He said the investment which focused on roads, power and a new national rail network,...

May 22, 2018 No Responses

Winners Emerge In First Bank Visa Gold Card Promo

First Bank of Nigeria Limited in partnership with Visa International has announced the emergence of two lucky winners, Mrs. Hadizat Bello and Mr. Ado Ibrahim Idris, in the just concluded FirstBank Visa Gold card issuance and usage promo. The promo...

May 16, 2018 No Responses

FG To Pay Contractors, Clears Workers’ Promotion Arrears With N34.2b

The Minister of Finance, Mrs. Kemi Adeosun, said on Tuesday that the Federal Government would settle the inherited debts and contractual obligations to local contractors between 2006 and 2015. The Minister made this known while appearing before the Ad-Hoc...

May 14, 2018 No Responses

Customs Board Holds First Meeting, Promotes 1,997 Senior Officers

The Nigeria Customs Service Board (NCSB) has confirmed the appointments of four members of Nigeria Customs Service (NCS) management and approved the promotion of 1,997 senior officers to various ranks. The promotion which is effective from January 1, 2017 ...