The Chartered Institute of Bankers of Nigeria (CIBN) has stressed the need for robust synergy between the money and capital markets to foster sustainable economic development. President/Chairman of Council, CIBN, Dr Bayo Olugbemi, made the remarks at a closing gong…
The Managing Director, Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji has expressed that the authority this year aimed to drive gas investment, stressing that it has invested in various private equity and venture capital investment funds to tap into…
In its drive to boost financial literacy among students in primary and secondary schools across the nation, Nigerian lender, Unity Bank Plc has flagged off Season 2 of its pioneer educational gameplay, the One Minute Genius, OMG. The OMG 2.0…
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has stated that the bank is privileged to work closely with the Nigerians in Diaspora Commission, (NiDCOM) and will continue to pursue one of its key mandates of helping to enhance the economic…
The Edo State Governor, Mr. Godwin Obaseki has called on professionals in the state to collaborate with his administration to expand the state’s tax net to enable the government deliver on its mandate of making Edo great. The governor made…
By Kayode Tokede The Central Bank of Nigeria (CBN) has reported $865.4million total direct remittance in first quarter of 2021. This is 75.34 per cent decline over $3.51billion reported in first quarter of 2020. According to CBN, total direct remittance…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the country’s foreign reserves position sustained its decline, as outflows from the reserves outstripped inflows, dropping by $173.24 million in its week-on-week (w/w) performance to $34.74 billion on…
By Kayode Tokede Fitch, an international credit rating agency, has affirmed FBN Holdings Plc (FBNH) and its primary operating subsidiary, First Bank of Nigeria Ltd (FBN), at “B-” with a negative outlook. A ‘B’ rating indicate that “material default risk…
By Kayode Tokede The Central Bank of Nigeria (CBN) has directed banks, International Money Transfer Operations (IMTOs) to indefinitely sustain its Naira 4-dollar scheme for diaspora remittances which was introduced a few months ago. This is to sustain the foreign…
By Kayode Tokede Heritage Bank in partnership with the Road Transport Employers Association of Nigeria (RTEAN) has launched the Travelers’ Accident Insurance Scheme (TAIS) to assist road accident victims across the country. The scheme which was launched recently, aims to…
