Finance Archives — Page 11 of 21

May 11, 2018 No Responses

Nigeria To Mobilise More Revenues For Growth, Says Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, disclosed on Thursday that the Federal Government would mobilise more revenues to drive its growth plan for the economy. The Minister made this known in Abuja at a meeting with a World...

May 11, 2018 No Responses

CBN: Banks Are Sabotaging Our Efforts On New Notes

The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new ones in the country. Mr Isaac Okorafor, Acting Director, Communications Department of the CBN, made the allegation in Lagos on...

May 10, 2018 No Responses

AMERC Lauds SEC As Nigeria Hands Over To Kenya

The Securities and Exchange Commission (SEC) Nigeria has been commended on its tirelessness, professionalism and dedication among others while it hosted the secretariat of the Africa and Middle East Regional Committee (AMERC) of the International Organisation ...

May 9, 2018 No Responses

CBN Lifts FOREX Market With Additional $210m

The Central Bank of Nigeria (CBN), on Tuesday, May 8, 2018, boosted the inter-bank Foreign Exchange market with another sum of $210 million. The Bank again offered the sum of $100 million to authorized dealers in the wholesale segment of...

May 8, 2018 No Responses

Nestle Stakes $7.1b For Starbucks Coffee

Nestle has announced that it will pay Starbucks $7.1billion (£5.2bn) to sell the company’s coffee products. The Swiss giant, which boasts Nescafe and Nespresso amongst its brands, will have the right to market Starbucks’ coffee in retail outlets...

May 6, 2018 No Responses

Photo News

The Minister of Finance, Mrs. Kemi Adeosun with the National Financial Secretary of the All Progressives Congress (APC), Alhaji Tajudeen Bello, after receiving her membership card of the APC in Abeokuta, Ogun State, on Saturday, 5th May, 2018.

May 5, 2018 No Responses

CBN Injects $349.34m Into Retail SMIS

As part of its intervention for the week, the Central Bank of Nigeria (CBN), has injected the total sum of $349.34 million in the Retail Secondary Market Intervention Sales (SMIS) segment of the Forex market. Figures obtained from the CBN...

May 3, 2018 No Responses

China Signs Currency Swap Agreement With Nigeria

China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion). The People’s Bank of China (PBOC) said on its website the swap deal will facilitate trade and...

May 2, 2018 No Responses

Looted Fund: Nigeria To Get $500m From U.S.

The United States is finalising plans to repatriate more than $500 million (about N190 billion) looted money to Nigeria, Attorney-General and Minister of Justice Abubakar Malami has said. He told the News Agency of Nigeria (NAN) in Washington, DC, that he.....

April 30, 2018 No Responses

First Bank Implores Youth On Wealth Initiatives

The Chairman, Board of Directors, First Bank of Nigeria, Mrs. Ibukun Awosika has implored youth in Edo State to embrace job and wealth creation initiatives. Addressing participants at a two-day workshop organised by the Edo State Government in partnershi...

April 30, 2018 No Responses

ICAN Honours Adeosun, Fowler, Others At Merit Award Night

The the Institute of Chartered Accountants of Nigeria (ICAN) on Saturday night honoured the Minister of Finance, Mrs. Kemi Adeosun and Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, with the 2018 Merit Award. The aw...

April 27, 2018 No Responses

Photo News

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun with the Minister of Finance, Republic of Niger, Mr. Hassoumi Massoudou, during the International Conference on Fight Against the Financing of Terrorism in Paris, France, on Thursday, 26th April, 2018

April 26, 2018 No Responses

Diamond Bank Pulls Out Of UK

The Managing Director/ Chief Executive Officer of Diamond Bank Plc, Uzoma Dozie, has assured customers that the sale of the international subsidiaries is not expected to cause service disruptions for the bank’s customers across the world. The Bank exp...