Fitch Affirms 8 Nigerian Banks on Sovereign Criteria Change
Fitch Ratings logo Fitch Ratings has affirmed the National Ratings of First Bank of Nigeria (FBN), United Bank for Africa (UBA), Fidelity Bank (Fidelity), Diamond Bank (Diamond), First City...
View ArticleFG Approves N197/$1 for 2016 Hajj Pilgrims
CBN logo Authorised Dealers and the general public are hereby notified of the following arrangements for 2016 Hajj operations. Each pilgrim is entitled to purchase a minimum of US$750.00 and a...
View ArticleSouth Africa’s net reserves rise to $40.901 billion in July
South Africa Gold South Africa’s net gold and foreign exchange reserves rose to $40.901 billion in July from $40.826 billion in June, Reserve Bank data showed on Monday. Gross reserves fell...
View ArticleAMCON set to name Keystone Bank buyer
Amcon logo The Asset Management Corporation of Nigeria has said it will conclude the process for the sale of Keystone Bank in the next two weeks. AMCON said it was in the final stage of the...
View ArticleFMDQ Admits ₦16.79bn UPDC PLC Commercial Paper to its Platform
FMDQ OTC Having successfully met the requirements as contained in the FMDQ Commercial Paper (CP) Quotation Rules (the Rules), and subsequent to the approval of the FMDQ Board Listings, Markets...
View ArticleNASD Plc Signs MoU with Proshare Nigeria Limited
NASD Plc and Proshare Nigeria Limited, Nigeria’s premier Economic and Financial Information Hub, on 2 August 2016 demonstrated their organisation’s commitment towards promoting transparency in the...
View ArticlePenCom To Collaborate With EFCC To Prosecute Defaulters
Dr. Mrs Chinelo Anohu-Amazu,PenCom DG In a bid to ensure compliance and track defaulters, the National Pension Commission (PenCom) has said is presently collaborating with the Economic...
View ArticleOPAN Condemn Arrest Of Blogger, Abubakar Sidiq Usman
Abubakar Sidiq Usman, publisher of abusidiqu.com is still in custody of the Economic and Financial Crimes Commission ( EFCC), despite the announcement made by the anti-graft agency that it has released...
View ArticleUnity Kapital Announces Resignation of CEO, CFO
UnityKapital Assurance logo The board of Unity Kapital Assurance Plc at its meeting of 20th July, 2016 approved the resignation of the following with immediate effect: 1. Mr. Michael Dogo...
View ArticleCapital Market Financing for SMEs-SEC
SEC logo EXECUTIVE SUMMARY Micro, Small and Medium Enterprises (MSMEs) in Nigeria face a financing gap that restricts their economic prosperity. This report examines the prospects of...
View ArticleDollar scarcity: Petrol price hike looms, marketers say
Dollar Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of the product,...
View ArticleUS $81 billion mobilized in 2015 to tackle climate change: Joint MDB report
AfDB logo Climate finance totalling US $81 billion was mobilized for projects funded by the world’s six largest multilateral development banks (MDBs) in 2015. This included $25 billion of...
View ArticleIMF under fire over ‘unworkable’ economic programme
IMF logo The International Monetary Fund (IMF) is coming in for harsh criticism from within the organisation itself for its failure to heed warnings about its “unworkable” neoliberal...
View ArticleNaira records slight gain, closes at 393/dollar
Naira logo The naira recorded marginal gain at the parallel market on Monday and closed at 393 against the United States dollar, up from 397 on Friday. The local currency, which had...
View ArticleEight Local Insurance Companies Risk Losing License
NIC logo About eight indigenous insurance companies risk losing their licenses if they fail to meet the new minimum recapitalization requirement set by the Nation Insurance Commission...
View ArticleUN’s $54 Billion Pension Fund in Power Struggle Over New Rules
UN logo The United Nations needs some financial peacekeepers. A dispute over whether new regulations governing the $54 billion UN Joint Staff Pension Fund will result in higher fees paid to...
View ArticleCBN Says Licensing of Interested IMTOs on-going
CBN logo It has come to the notice of the Central Bank of Nigeria (CBN) that, in spite of its transparency in the licensing of International Money Transfer Operators (IMTOs) in Nigeria, some...
View ArticlePhoto News: Fashola Receives Executive Secretary Nigerian Investment...
Hon. Minister of Power, Works & Housing, Mr Babatunde Fashola, SAN (2nd right),the Minister of State in the Ministry, Hon. Mustapha Baba Shehuri (left), the Permanent Secretary, Works &...
View ArticleBanks, Airlines, Telecoms Barred From Selling Insurance Products
Mohammed Kari, Naicom Boss *Vows To Sanction Insurance Firms Found Wanting Poised to ensure insurance industry take its rightful position in the financial sector of the economy in...
View ArticlePhoto News: Faces at the formal investiture ceremony of Mr Efekoha as the...
L-R: Chairman, House of Representatives Committee on Insurance and Actuarial Matters, Hon. Olufemi Fakeye; Chairman, Nigerian Insurers Association (NIA), Mr Eddie Efekoha; Chairman. Senate Committee on...
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