Finance Archives — Page 6 of 21

December 4, 2018 No Responses

AfDB Approves $200m For Nigeria’s power sector

The Federal Government has secured a loan of $200 million to fund its electrification project. The African Development Bank (AfDB) Group on Monday said it provided $150 million for the project. The balance of $50 million was issued from the...

November 28, 2018 No Responses

CBN Injects $210 Million In Wholesale Segment, Others

The Nigerian Apex Bank, the Central Bank of Nigeria (CBN) on Tuesday said it injected the sum of $100 million to dealers in the wholesale segment of the foreign exchange market. The CBN also made interventions of $55 million each...

November 23, 2018 No Responses

Again, MPC Retains Lending Rate At 14%

The Monetary Policy Committee (MPC) for the 14th consecutive time, retained the Monetary Policy Rate (MPR) at 14 per cent. The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele made this known at a news conference on Thursday, in...

November 18, 2018 No Responses

Nigeria To Raise Funds From Capital Market To Fund Universities

The Government lacks the financial capacity to fund Nigerian Universities, President Muhammadu Buhari has said. Speaking at the convocation of the University of Ibadan which coincided with the institution’s 70th anniversary on Saturday, Buhari explained th...

November 17, 2018 No Responses

Photo New

L – R: Ogun State First Lady representative Mrs. Yemisi Durojaye; Miss Lawrence Deborah of Good Shepherd School, Lagos; Mr. Bola Adeeko, Head, Shared Services Division, The Nigerian Stock Exchange (NSE) and Mr. Yahaya Hamza, Director/Head of Sectors, Susta...

November 15, 2018 No Responses

Nigeria Raises $2.86b Eurobonds

The Federal Government on Wednesday said it had raised 2.86 billion dollars three-series international bond under its Global Medium Term Note Programme. Mr Paul Abechi, Special Adviser to the Minister of Finance on Media and Communications disclosed this in ...

November 14, 2018 No Responses

CBN Boosts Forex Market With $210m

In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market. Figures obtained from the CBN indicate that the authorized dealers in...

November 13, 2018 No Responses

SEC Reiterates Commitment To Boost Capital Market Curriculum

The Securities and Exchange Commission (SEC) has restated its commitment to further educate and enlighten investors in the Nigerian capital market to enhance their ability to make informed investment decisions. The Acting Director General of SEC, Mary Ud...

November 13, 2018 No Responses

Heritage Bank Canvasses Increased Support For Agriculture

Heritage Bank Plc has called on government at all levels and deposit money banks to increase supports in agriculture, as it is the most resilient and important sector of Nigerian economy, despite underwhelming investment in the sector. The Executive Director.....

November 10, 2018 No Responses

FIRS Generates N4.3tri In 10 Months

The Federal Inland Revenue Service (FIRS) on Friday said it generated N4.3 trillion as tax revenue between January and October this year. FIRS Executive Chairman, Babatunde Fowler, disclosed this during the “Federal Inland Revenue Service Special Day” at t...

November 6, 2018 No Responses

SAHCO To Divest 406,074,000 Shares, Sets Aside 10 Per cent For Workers

Skyway Aviation Handling Company Plc (SAHCO) on Monday announced plans to raise N1.9billion in an Initial Public Offering (IPO). Speaking in Lagos, the Chairman, SAHCO, Dr Taiwo Afolabi, explained that the IPO was being undertaken based on terms of the...

November 6, 2018 No Responses

Naira Appreciates Against Dollar

The Naira on Monday gained 10 kobo to exchange at N363.64 to the dollar at the investors’ window, stronger than N363.74 posted on Friday. Market turnover at the investors’ window stood at 231.24 million dollars, higher than 226.35 million dollars...

November 5, 2018 No Responses

TSA Cost Gulps N16b In Two Years

The Nigeria Government has spent N16 billion on Treasury Single Account (TSA) transaction costs in two years, Accountant-General of the Federation (AGF) Ahmed Idris has said. He said the government would no longer bear the service charge on all payments...