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Minister of Finance, Mrs. Kemi Adeosun (Right) with her Angolan counterpart, Augusto Archer de Sousa Mangueira at the Spring Meetings of the IMF/World Bank meeting in Washington DC
Tag: Finance
FG clears N54b pension backlog
Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to...
CBN re-introduces charges on cash deposits, withdrawals
About three years after the policy was suspended, the Central Bank of Nigeria (CBN) on Thursday announced the re-introduction of bank charges on certain categories of cash deposits and withdrawals. In a circular to all Deposit Money Banks posted on...
WFE unveils report on SME financing, equity markets
The World Federation of Exchanges (WFE) on Wednesday published a report into exchanged-based financing of Small and Medium Enterprises (SMEs), aimed at identifying globally-consistent barriers and opportunities for enhancing SME access to equity finance. As ...
Citigroup, others to issue Nigeria’s $1b Eurobond in 2017
The Federal Executive Council (FEC) has approved the appointment of transaction parties for the one billion dollars Eurobond to be issued in January, 2017. Speaking after the Federal Executive Council (FEC) meeting on Wednesday, the Minister of Finance Mrs Kem...
Investors get N29b from unclaimed dividend in one year
Ongoing campaign by the Securities and Exchange Commission (SEC) for investors to embrace e-dividend mandate has led to the payment of N29 Billion out of N90 Billion unclaimed dividend between November 2015 and this year. Briefing Journalists on the...
FBN Holdings takes financial literacy to youths
In its sustained commitment to encourage savings culture among Nigerians, FBN Holdings Plc joined the rest of the world on Monday in celebrating the 2016 World Savings Day by engaging children and youths on the rudiments of savings in line...
FG to reflate economy with N350B
The Federal Government has announced plan to boost the economy with additional N350 Billlion. According to the Minister of Finance, Mrs Kemi Adeosun, plans are also underway to raise $1 Billion from Euro-Bonds by December, this year. Briefing Journalists....