Finance Archives — Page 15 of 21

February 16, 2018 No Responses

Nigeria, Global Bodies Move To Stop Illicit Financial Flows in Africa

Nigeria and global organisations, including theOrganisation for Economic Cooperation and Development (OECD) and the World Bank Group, have agreed on high-level collaborations with Nigeria and other African countries to stop Illicit Financial Flows (IFF) in Africa. This was a...

February 15, 2018 No Responses

FirstBank Processes N1 Trillion on 894 Quick Banking Channel

First Bank of Nigeria Limited has recorded ‘strides’ in its Financial Inclusion services delivery, via its 894 quick banking, a USSD based channel that enables customers to access banking services using any type of phone and without data/internet. The ...

February 13, 2018 No Responses

Adeosun to Address UN, OECD on Tax, Revenue Leakages

The Honourable Minister of Finance, Mrs. Kemi Adeosun, has been invited by the Organisation for Economic Cooperation and Development to speak at the Platform for Collaboration on Tax Conference on Thursday, February 15, at the United Nations in New York....

February 12, 2018 No Responses

NSE market capitalisation drops by N136billion

Transactions on the Nigerian Stock Exchange (NSE) opened on Monday on depressed note with the market indices sliding by 0.90 per cent. At the end of transaction for the day, market capitalisation shed N136 billion or 0.90 per cent to...

February 8, 2018 No Responses

FG re-appoints Consortium of Banks to implement $2.5b Euro bond

The Federal Government has announced the re-appointment of a consortium of banks including Citi Group, Standard Chartered, Stanbic IBTC, Whitten-Case and African Practice to implement its 2.5billion dollars Eurobond scheme. The Minister of Finance, Mrs Kemi Ad...

February 6, 2018 No Responses

CBN injects $210m into foreign exchange market

Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market. Giving a breakdown of the amount, the acting Director, Corporate...

February 5, 2018 No Responses

NPA exceeds N286b revenue target for 2017, generates N299b

For the financial year ended December 31, 2017, the Nigerian Ports Authority (NPA) generated N299billion. The Authority had at the beginning of 2017 set for itself revenue target of N286billion. Speaking at the weekend, Managing Director of NPA, Hadizat.....

February 4, 2018 No Responses

CMD organises 2,198 courses in 10 years

The Centre for Management Development (CMD) says it has organised no fewer than 2,198 programmes in 10 years to build the capacity of government officials in various management sector. CMD Director- General, Dr Kabir Usman, stated this in a document...

February 2, 2018 No Responses

World Federation of Exchanges to focus on SMEs, cyber security, regulatory coherence in 2018

The World Federation of Exchanges ( WFE) has agreed its 2018 business priorities will focus on areas including regulatory coherence; CCP recovery & resolution issues; cyber security; FinTech; and SMEs. These key business priorities are in addition t...

February 2, 2018 No Responses

Buhari nominates Edward Adamu as CBN Deputy Governor

President Muhammadu Buhari has nominated Mr Edward Lametek Adamu to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN). Mr Femi Adesina, the Special Adviser to the President on Media and Publicity, made this known...

February 1, 2018 No Responses

Africa Prudential Revamps Registrar Services

In line with its determination to dominate and redefine the landscape of registrar service delivery in the country, Africa Prudential Plc, has unveiled her new USSD code, *4018# tagged “Personal Registrar”. The USSD code, *4018#, which was unveiled in La...

February 1, 2018 No Responses

Diamond Bank sets aside N433m for DiamondXtra season 10

Diamond Bank has set aside N433 million as the total prize money to be won in its Diamondxtra Season 10 reward scheme which kicked off on Wednesday in Nigeria. A statement from the Bank explained that Over 4,950 customers...

January 31, 2018 No Responses

N8b CBN currency scam case resumes as EFCC explains missing N900m

Mr Saliu Kadri, one of the EFCC investigators in the alleged N8 billon CBN currency scam case, on Tuesday said that the accused persons breached normal procedures at the Ibadan branch of the apex bank Testifying before Justice Joyce AbdulmaleeK of the F...

January 31, 2018 No Responses

NSE market capitalisation consolidates growth with N67billion

Activities on the Nigerian Stock Exchange (NSE) on Tuesday sustained bullish trend with market indicators growing further by 0.42 per cent. The News Agency of Nigeria (NAN) reports that market capitalisation increased by N67 billion or 0.42 per cent...