Finance – Page 16 – City Business News

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 Adeosun, made this known...

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...

January 31, 2018 No Responses

Oando: Minister, Gwarzo differ at public hearing over forensic audit

Minister of Finance, Mrs Kemi Adeosun, on Tuesday insisted that suspension of Mr Munir Gwarzo, Director-General of Security and Exchange Commission (SEC), was valid. At an investigative hearing organised by House of Representatives Committee on Capital Market ...

January 30, 2018 No Responses

Oando: Shareholders reiterate call for forensic audit

As Nigerians and the international community await the outcome of the proposed forensic audit on Oando Plc, more shareholders have advised the emir of Kano, Muhammadu Sanusi, to desist from interfering in ongoing efforts to unravel the root causes of...

January 30, 2018 No Responses

Labour faults report on removal of wage from exclusive legislative list

The Association of Senior Civil Servants of Nigeria (ASCSN) on Monday rejected the proposed removal of wages from Exclusive Legislative list to the Concurrent list. The association, in a statement, appealed to President Muhammadu Buhari and the National Assemb...

January 24, 2018 No Responses

FG, States, LGs share N655.17billion

The Federation Account Allocation Committee (FAAC) on Tuesday shared N655.17 billion to the three tiers of government as revenue for January. The Minister of Finance, Mrs Kemi Adeosun, told newsmen on Tuesday in Abuja that the N655.17 billion was distributed.....