Finance Archives — Page 11 of 20

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...

April 26, 2018 No Responses

Access Bank Shareholders Laud 2017 Performance, Dividend Policy

For the financial year 2017, Shareholders of Access Bank Plc on Wednesday commended the Management and Board for the payment of 65 kobo dividend on their investment. The Bank on Wednesday paid a final dividend of 40 kobo per share....

April 25, 2018 No Responses

Tony Elumelu To African Leaders: Prioritize Africa’s Youth

During the annual spring meetings of the International Monetary Fund and the World Bank in Washington, DC, African philanthropist and entrepreneur Tony O. Elumelu insisted that prioritizing Africa’s youth by fixing the policy and regulatory issues impeding t...

April 23, 2018 No Responses

Nigeria’s External Reserves Hit $47.93b, Explains 17m Tax Payers’ Base

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, explained on Sunday that the country’s positive growth outlook would be sustained. The Minister and the CBN Governor gave this as...

April 22, 2018 No Responses

Eximbank Pledges $700m For Shipping

The Export–Import Bank of Korea (KEXIM) has committed to provide the country’s shipping industry with KRW 800 billion ( approximately USD 750 million) worth of loans and guarantees this year. The loans will be provided to shipping companies for buying...