The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country The bank disclosed this in the November edition of its Nigeria Development Update. While highlighting the role of the Central…
The Central Bank of Nigeria (CBN) presented six pioneer beneficiaries of the Tertiary Institutions Entrepreneurship Scheme (TIES) with N5 million cheques to assist them grow their businesses, create jobs, and contribute to economic progress. Mr. Godwin Emefiele, Governor of the…
Securities and Exchange Commission (SEC) has signed N50 billion bond with Coleman Wires and Cables, West Africa’s largest cable manufacturer. Its Managing Director, Mr George Onafowokan, at the signing ceremony held in Lagos on Saturday, said that the bond was fundamental…
The adoption of the Bridge Banks option by the Nigeria Deposit Insurance Corporation (NDIC) has prevented systemic crisis and secured N1.021 trillion deposits which ensured that depositors access their funds and financial services. Mr Bello Hassan, Managing Director of the…
In its bid to demonstrate increased commitment towards promoting financial inclusion and women empowerment, Nigeria’s retail lender, Unity Bank Plc has launched Yanga Account, a new retail product designed to deepen beneficial impact on Micro Small and Medium Enterprises, MSMEs operated…
The President of the Senate, Ahmad Lawan has advocated for closer collaboration between Nigeria, Turkey and South Korea particularly in parliamentary engagements and also in the areas of economy and technology. Lawan made the call on Wednesday in separate audiences…
The Securities and Exchange Commission (SEC) has frowned at the resurgence of Ponzi schemes and illegal fund managers in the country’s financial sector. The Director-General of SEC, Mr Lamido Yuguda, frowned at the development at an enlightenment workshop with the…
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has charged business start-ups, Micro, Small and Medium Enterprises (MSMEs) to adopt sound corporate governance to drive succession and longevity. The Agency’s Director-General, Dr Dikko Radda, gave the charge at the…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday,…
The Central Bank of Nigeria (CBN) has appealed to judges in the country to be more technology savvy to enhance justice delivery especially in the evolving financial services sector. Mr Godwin Emefiele, the CBN Governor, made the appeal in Abuja…
