Finance – Page 8 – City Business News

October 14, 2018 No Responses

Arunma Oteh Canvasses Support For Green Sukuk Financing Scheme

By citybusinessnews@yahoo.com – Green Sukuk financing scheme is promising for green projects, the Vice President and Treasurer of the World Bank, Arunma Oteh has said. Speaking at the International Monetary Fund-World Bank Annual Meetings in Indonesia, Oteh said the world...

October 10, 2018 No Responses

Tony Elumelu Foundation, GIZ, To Empower Young Entrepreneurs In East, West Africa

The Tony Elumelu Foundation (TEF), Africa’s leading entrepreneurship philanthropy, is partnering with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the German Government’s Agency for International Cooperation. GIZ will support the...

October 7, 2018 No Responses

Nigeria Lifts Forex Market With $334m, CNY 52m

Further to its commitment to ensure stability in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Sales (SMIS) to the tune of $334,146,393.84. A breakdown of the forex intervention figures....

October 3, 2018 No Responses

WFE: 6,807 Firms List On 33 SME Markets, Capitalisation Exceeds $1.3trillion Worldwide

The World Federation of Exchanges (WFE) on Tuesday published a report (together with a supplementary dataset) entitled ‘An overview of WFE SME markets’, examining the current status of 33 Small and Medium-sized Enterprises (SMEs) markets across 29 ...

October 1, 2018 No Responses

FSD Africa, SEC Nigeria Seal Partnership On Capacity Building, Capital Market Growth

Nigeria’s Securities and Exchange Commission (Nigeria) has become the first capital market regulator to participate in a flagship pan-African programme designed to strengthen the continent’s capital markets. Under the arrangement, over a three-year ...

September 28, 2018 No Responses

19 Firms Indicate Interest In Afam, Yola DisCos

Nineteen (19) firms have indicated interest to acquire the Afam Power Company and the Yola Distribution Company (YDC) put up for sale by the Federal Government. At the close of the submission of bids for the Expression of Interest (EOIs)...

September 27, 2018 No Responses

World Investor Week Gets More Support, Explains Awareness, Protection

In addition to the Argentine G20 Presidency, various important multilateral institutions have endorsed the second annual World Investor Week (WIW), organized by the International Organization of Securities Commissions (IOSCO) to raise awareness of the importan...

September 26, 2018 No Responses

MPC Communique

Background The Monetary Policy Committee (MPC) met on the 24th and 25th of September, 2018 and evaluated developments in the global and domestic economic and financial environments in the first eight months of 2018, as well as the outlook for the rest...

September 19, 2018 No Responses

Again, CBN Lifts FOREX Market With $210m

The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million. According to the figures obtained from the CBN on Tuesday, September 18, 2018, the Bank offered $100million to authorized...

September 15, 2018 No Responses

Financial Experts Meet On Global Cyber Resilience

Key global and regional payment, clearing and settlement operators met at a roundtable in Paris on Friday to discuss cyber security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem. Senior executives, together with...

September 12, 2018 No Responses

Nigeria Explains Paris Club Refund To States

The Federal Ministry of Finance on Tuesday provided some clarifications on the Paris Club Refund approved for the 36 States of the Federation. It will be recalled that the issue of Paris Club loan over-deduction had been a long...

September 7, 2018 No Responses

Osinbajo: Business Support Services, MSMEs Must Be Sustained

The Vice-President, Prof.Yemi Osinbanjo, has called for the sustenance of the Business Support Services and financing of 15,000 Micro, Small and Medium Enterprises (MSMEs) in the Federal Capital Territory (FCT). The News Agency of Nigeria (NAN) reports that th...

September 6, 2018 No Responses

Citi Bank Nigeria Silent On Alleged Unauthorised Remittance Of FOREX

A response letter on the alleged unauthorised remittance of foreign exchange on behalf of MTN has been forwarded to the Central Bank of Nigeria (CBN) by the management of Citi Bank. However, the management of Citi Bank in a...

August 25, 2018 No Responses

Nigeria Lifts Forex Market With $543m, CNY 63m

In another major round of interventions, the Central Bank of Nigeria (CBN) on Thursday, August 23 and Friday, August 24, 2018, injected a total sum of $543.22 million and CNY 63.21 million into the inter-bank foreign exchange market. At the...