Money Business Archives — Page 2 of 2

August 28, 2021 No Responses

Zenith Bank’s Profit Grows By 2.6% In Six Months

Zenith Bank Plc has posted a profit before tax (PBT) of N117.05 billion for six months as of June 30, against N114.12 billion achieved in the comparative period of 2020. This was stated in the company’s interim report signed by...

August 11, 2021 No Responses

CBN Releases Guidelines For Regulation, Supervision Of CGCs

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Re...

August 9, 2021 No Responses

How To Access N250b Gas Intervention Fund, By Ministry

Investors must meet seven criteria to access the N250 billion intervention fund for gas value chain businesses. Senior Technical Assistant to the Minister of State for Petroleum Resources, Chief Timipre Sylva, on gas and development, Ms Brenda Ataga list...

August 4, 2021 No Responses

CBN Releases Guidelines For Payment Service Holding Companies

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria. A circular issued by Mr Musa Jimoh, CBN’s Director, Payments System Management Department in...

June 15, 2021 No Responses

Mixta Real Estate Quotes N1.02b CP On FMDQ

The FMDQ Securities Exchange Ltd. has approved the quotation of Mixta Real Estate Plc’s N1.02 billion Series 36 Commercial Papers (CP) Issuance on its platform. FMDQ in a statement on Monday explained that the offer was approved by FMDQ under...

June 12, 2021 No Responses

Ecobank Nigeria Pledges More Support, Collaboration With Bankers Institute

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has pledged more support and collaboration with the Chartered Institute of Bankers of Nigeria (CIBN), the umbrella body of all bank workers in the country. Akinwuntan who was speaking...

May 5, 2021 No Responses

CBN Decries Low Participation Of South-East In Economic Programmes

The Central Bank of Nigeria (CBN) has decried the low participation of the South-East in its economic intervention policies and programmes. The acting Director, Corporate Communications Department of the bank, Mr Osita Nwanisobi, explained on Tuesday during CB...

February 4, 2021 No Responses

SEC Nigeria Unveils New Rules, Amendments On Collective Investment Scheme

December 23, 2020 No Responses

CBN Probes Dearth Of Money In ATMs

The Central Bank of Nigeria (CBN) is to investigate the scarcity of funds witnessed by customers in most Automated Teller Machines (ATMs) in Lagos State. The CBN‘s Acting Director, Corporate Communications, Mr Osita Nwanisobi told the News Agency of Ni...

September 8, 2020 No Responses

Naira Closes at N435 To Dollar At Parallel Market

The Naira on Monday gained N5 to close at N435 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N575 and N515, respectively. At the Bureau De Change window, the Naira traded...