Finance Archives — Page 13 of 20

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 Thursday....

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...

March 23, 2018 No Responses

Trade War Looms As Trump Announces Tariffs on Chinese imports

The US plans to impose tariffs on up to $60bn (£42.5bn) in Chinese imports and limit the country’s investment in the US in retaliation for years of alleged intellectual property theft. The White House said the actions were necessary to...

March 22, 2018 No Responses

Nigeria Saves N68b On Personnel Cost In 2017

The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday disclosed that the Federal Government saved N68 billion on personnel cost in 2017. This brings the aggregate savings by the Government on personnel cost since 2007 to date to N288...

March 21, 2018 No Responses

FG Targets 7 % Economic Growth In Three Years

The Minister of Finance, Mrs. Kemi Adeosun, has described Nigeria’s economic outlook for the year 2018 and beyond as positive . She stated that the country was now resilient after exiting recession and has the potential to achieve a seven...

March 20, 2018 No Responses

Adeosun: Infrastructure Gulps N2.5tri In Three Years

The Nigerian Government is to sustain ongoing investment in infrastructure across the country. Speaking in Abuja on Monday, Minister of Finance, Kemi Adeosun explained that with over N2.5trillion pumped into infrastructure in the last three years, the coun...

March 16, 2018 No Responses

Diamond Bank Unveils Game-enabled Digital Savings Platform

Foremost financial institution, Diamond Bank Plc, has raised higher the bar in the delivery of unique financial services that suits customers changing lifestyles and needs. In partnership with Women’s World Banking with support from Financial Sector Deepenin...

March 16, 2018 No Responses

Kuwait Seals $467m Financing for Eight Tankers, Orders VLCC

Kuwait Oil Tanker Company (KOTC) has signed a financing deal with a syndicate of banks worth around USD 467 million (KD 140 million). The financing will be provided by Warba Bank, Ahli United Bank and Kuwait International. The ten-year financing...

March 14, 2018 No Responses

Adeosun Seeks More Technical, Institutional Support for West Africa

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday called for more technical and institutional support from the Africa Regional Technical Assistance Center West 2 (AFRITAC West 2) for West African countries. Adeosun made the call while declaring open...

March 12, 2018 No Responses

Nigerians To Pay More For Alcoholic Drinks, Cigarettes

President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from Monday, 4th June, 2018. Under the newly approved excise duty rates for tobacco, in addition to the 20 per...

March 2, 2018 No Responses

WFE, 59 Stock Exchanges To Ring Gender Equality Bell

For the fourth year, a global collaboration across 59 stock exchanges around the world on Fridayconcluded plan to ‘Ring the Bell for Gender Equality’ to celebrate International Women’s Day onThursday, March 8, 2018. The events are a partnership b...