Finance – Page 13 – City Business News

April 14, 2018 No Responses

SEC Gets New Acting DG

The Minister of Finance, Mrs. Kemi Adeosun, on Friday approved the reassignment of portfolios in the Securities and Exchange Commission (SEC). Under the arrangement, Ms. Mary Uduk will assume the position of Acting Director-General of the Commission. T...

April 13, 2018 No Responses

CBN Begins Disbursement Of N26b Agribusiness Fund To MSMEs

The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee on Thursday commenced disbursement of N26 billion Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS) fund to the first set of beneficiaries. The CBN Governor...

April 13, 2018 No Responses

NSE To Migrate Access Bank, UBA, Others To Premium Board

The Nigerian Stock Exchange (NSE) on Thursday announced plans to migrate Access Bank, Lafarge Africa, Seplat and United Bank for Africa (UBA) Plc to its Premium Board The NSE said in Lagos the four companies would be migrated to...

April 11, 2018 No Responses

Oando Shareholders Accuse SEC of Shielding Probe

Shareholders of Oando Plc, on Tuesday, appealed to President Muhammadu Buhari and the National Assembly to intervene in the crisis rocking the company. Under the aegis of Proactive Shareholders Association of Nigeria (PROSAN), Trusted Shareholders A...

April 8, 2018 No Responses

160 Firms Bid For NNPC Valuation, Land Acquisition Services Contract

Not less than 160 firms of professional estate surveyors and valuers participated in the bid to provide the Nigerian National Petroleum Corporation (NNPC) with valuation and land acquisition services. This was disclosed by the Group General Manager (GGM), S...

April 7, 2018 No Responses

NNPC Signs $2.8B Contract For Ajaokuta – Kaduna – Kano Gas pipeline Project

The Nigerian National Petroleum Corporation (NNPC) has executed contracts for the engineering, procurement, construction, commissioning and financing for Lots 1&3 of the 40inch x 614km Ajaokuta – Kaduna – Kano gas pipeline and stations with a consorti...

April 7, 2018 88 Responses

NPA To Boost Portable Water Supply At UNILAG, Support College of Medicine Rehabilitation

As part of its Corporate Social Responsibility (CSR) initiative, the Nigerian Ports Authority (NPA) is to make adequate provision in the 2018 budget to meet some urgent requirements and needs of the University of Lagos Community. The Managing Director.....

April 1, 2018 one Response

FG Insists Tax Evaders Risk Prosecution, Seizure of Properties

The Minister of Finance, Mrs. Kemi Adeosun, on Saturday confirmed that the Federal Government was currently reviewing the requests by the States and Private Sector for an extension of the tax amnesty programme, the Voluntary Assets and Income Declaration Schem...

March 30, 2018 No Responses

FG Seeks Speedy Completion Of Lekki Deep Seaport

The Federal Government has challenged promoters of the Lekki Deep Sea Port to facilitate speedy completion of the project. President Muhammadu Buhari, represented by Vice President Yemi Osinbajo flagged off the construction of the Sea Port in Lagos on Thur...

March 29, 2018 No Responses

FG, States, LGs Share N647.39b

The Easter break as the Federal, State and Local Governments shared the sum of N647.39 billion from the Federation Account. The money was the revenue collection for the month of February 2018 which was approved at the Federation Account Allocation...

March 28, 2018 No Responses

Banks Boost Financial Inclusion With 500,000 Agent Networks

In collaboration with the Central Bank of Nigeria (CBN), the licenced mobile money operators and the super agents, Commercial banks in Nigeria on Tuesday disclosed plan to roll-out 500,000 agent networks. According to the Banks, the development is designed to....

March 28, 2018 No Responses

Wema Bank Secures $35m From AfDB To Fund SMEs

Wema Bank Plc. has signed a Line of Credit Agreement with the African Development Bank (AfDB) to grow financial support to small and medium scale businesses in Nigeria. In a statement, the Bank explained that AfDB has already disbursed...

March 27, 2018 No Responses

Heritage Bank empowers 5, 544 pupils, Teachers on financial literacy

As part of efforts to support the Central Bank of Nigeria’s Financial Literacy Day, which marks the Global Money Week, Heritage Bank Plc empowered 5, 544 (pupils and teachers) in 11 secondary schools across the country. The CBN’s Financial Literacy...