Finance Archives — Page 2 of 21

July 26, 2022 No Responses

Ecobank Nigeria Extends Remittance Services To Business Accounts Holders

Ecobank Nigeria has extended its innovative remittance services to its business account holders. According to Ecobank, this implies that Business Account holders can now receive funds sent through Ecobank Rapidtransfer or any of its Remittance franchise ...

July 19, 2022 No Responses

DMO Raises N123b In July FG Bond Auction

The Debt Management Office (DMO) has raised N123.85billion in its July Federal Government of Nigeria (FGN) bond auction. A statement issued by DMO on Monday explained that the three instruments auctioned were valued at N75 billion each, totalling N225 bi...

July 17, 2022 No Responses

World Bank deploys $114.9b To Finance Global Crisis

The World Bank Group has responded to the overlapping global crises by deploying $114.9 billion in financing in 2022. In a statement on Saturday, the Bank explained that from July 1, 2021, to June 30, 2022, it responded with unprecedented scale...

July 1, 2022 No Responses

Sterling Bank Emerges Best Financial Institution As ACGSF Rewards Farmers

Sterling Bank was on Thursday named Best Participating Financial Institution for 2021 at the Agriculture Credit Guarantee Scheme Fund (ACGSF). The ACGSF, in an event in Abuja, also rewarded three Agriculture entrepreneurs who took loans and repaid ...

June 28, 2022 No Responses

Finance Minister Receives Revised Nigerian Capital Market Master Plan

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has received the Revised Nigerian Capital Market Master Plan (2021-2025). Receiving the report on Monday in Abuja, the Minister reiterated the commitment of the Federal Government to...

June 12, 2022 No Responses

NDIC Reiterates Commitment To Financial Stability

Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has said the corporation would continue to monitor the banking sector to address challenges it might be facing. Hassan said this at a retreat for members of the Senate...

June 12, 2022 No Responses

Experts To Brainstorm On Nigeria’s Financial Inclusion Initiative At Oriental News Confab

Key stakeholders in Nigeria’s financial sector would engage in a robust round table discussion on governments key policy which centers around inclusive financial system that will cover all strata of the society. The experts drawn from key private s...

June 11, 2022 No Responses

Squad by GTCO: Reshaping the Nigerian Payment Space

Fragmentation in the Nigerian payment space has served more as a constraint than an enabler; Squad by GTCO positions to lead with innovation and efficiency Without a doubt, digital payment is the next growth frontier for financial services. Amongst other...

June 3, 2022 No Responses

CBN Reviews Operations Of NIBBS Instant Payments System, Others

The Central Bank of Nigeria (CBN) has reviewed upwards, the operations of the Nigeria Inter-Bank Settlement System (NIBSS) and other electronic payment operations. This is contained in a circular issued by Musa Jimoh, Director, Payments S...

May 21, 2022 No Responses

FG Tasks NAICOM On Prompt Claims Payment

The Federal Government has called on the National Insurance Commission (NAICOM) to put in place measures that will ensure insurance companies meet their obligations to policyholders by paying claims promptly. Dr Zainab Ahmed, the Minister of Finance, Bud...

May 20, 2022 No Responses

NADDC Begins Automotive Financing Talks With CBN

The National Automotive Design and Development Council (NADDC)has commenced discussions with the Central Bank of Nigeria (CBN) to design workable solutions for automotive financing to make auto purchase affordable for Nigerians, Jelani Aliyu, the Director-Gene...

May 17, 2022 No Responses

FMBN Disburses N394.6b To Beneficiaries

The Federal Mortgage Bank of Nigeria (FMBN) has disbursed N394.575 billion to beneficiaries from 1992 to 2022. The Group Head, Corporate Communications (FMBN), Mr Lawal Sauri disclosed this in an interview with the News Agency of Nigeria (NAN) on Monday....

April 21, 2022 No Responses

AfDB To Double Africa’s Climate Finance To $25b

The African Development Bank (AfDB) will within the next five years double the climate change finance of Africa to $25 billion Dr Kevin Kariuki, AfDB Vice-President for Power, Energy, Climate and Green Growth, said this at a virtual news conference...