By Kayode Tokede The African Export-Import Bank (Afreximbank) has successfully closed a $1.3 billion dual tenor bond issuance, its largest-ever transaction in the international debt capital markets. The bank announced this in a statement in Cairo, Egypt on Tuesday. It…
WorldRemit, a leading global cross-border payments company, will continue to reward customers who receive international money transfers through partner banks in Nigeria. As one of the fully-registered and licenced International Money Transfer Operators (IMTO) operating in Nigeria, money transfers made…
By Kayode Tokede The Monetary Policy Meeting (MPC) of Central Bank of Nigeria (CBN) is expected to hold on next week Monday and Tuesday. The first meeting was held January 25-26 while the second held March (22-23). The third MPC…
By Kayode Tokede Naira at Investors & Exporters Foreign Exchange (I & EFX) window appreciated by 0.04 per cent to close at $411.50 against the Dollar on Monday. The local currency at the specialized window lost by 0.17per cent and…
By Kayode Tokede with News agency The African Development Bank (AfDB) has called on governments and private sectors in Africa to grow, finance and support large scale youth-led businesses in the continent. President of the AfDB, Dr Akinwumi Adesina, said…
Operatives of the Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Friday May 14, 2021, arrested one Stacy-Dan Ekpenyong (alias Daniel Ekpenyong), the Managing Director of Stewardship Rural Investment Limited for allegedly obtaining the sum of N11.5m by…
By Kayode Tokede Naira at Investors & Exporters Foreign Exchange (I & EFX) window appreciated by 0.04 per cent to close at $411.50 against the Dollar on Monday. The local currency at the specialized window lost by 0.17per cent and…
By Kayode Tokede Unity Bank Plc has said it will provide additional funding to no fewer than 120,000 smallholder maize farmers in Nigeria in the 2021 wet season farming in Nigeria. The Managing Director/Chief Executive Officer of Unity Bank Plc,…
By Kayode Tokede The Chartered Institute of Bankers of Nigeria (CIBN) said that two of its certificates had been approved and included in Government Schemes of Service. These are the Associateship of the Chartered Institute of Bankers (ACIB) and the…
By Kayode Tokede With the COVID-19 pandemic, eight banks have reported 21.2 per cent dropped in Real Sector Support Facility (RSSF) to N143.68billion in 2020 from N182.26billion reported in 2019. RSSF represents the outstanding balance on the on-lending facility granted…
