Nigeria had its fair share of the global economic challenges and frequent regulatory intervention aimed at taming money laundering, as its remittance record in 2016 declined by 10 per cent out of the $575 billion global figure.
CBN reverses self on cashless rules
Less than one month after the take-off of the nationwide cashless initiative, the Central Bank of Nigeria (CBN), has directed Deposit Money Banks to suspend charges on over-the-counter and Automated Teller Machine withdrawals worth more than N500,000 or deposit of same amount.
Nigeria may benefit from multi-million dollar Africa initiatives
Nigeria is in line to benefit from series of multilateral initiatives brokered by the International Monetary Fund (IMF), Germany, the International Finance Corporation (IFC) and leaders of the top Multilateral Development Banks (MDBs).
Government fast tracks bill against sea pirates, illegal trade
Determined to ensure optimum safety, the Federal Government is concluding plans to put in place a new law to curtail the activities of illegal shippers and sea pirates on Nigerian nation’s waters.
FMDQ market report
The apex bank maintained its marginal rate for the Secondary Market Intervention Sales (SMIS) – Wholesale Forwards at $/₦320.00, Small & Medium Enterprises and Invisibles at $/₦357.00.
Supporting Nigeria’s agricultural change agenda in a meaningful way
Agriculture, no doubt, accounts for two-thirds of livelihood, just as food accounts for two-third of the household budgets in Nigeria. It, therefore, makes up a very important part of the lives of people.
Banking stocks lead NSE's N6 billion turnover in four days
Fidelity Bank traded higher at the end of last week’s transactions on the trading floor of the Nigerian Stock Exchange (NSE). It led nine others with 21.43 per cent to close at N1.02 per share.
AFC issues $500 million seven-year Eurobond
In his reaction, the President/CEO of AFC, Andrew Alli, said: “AFC has been committed for the last 10 years to investing in projects that drive sustainable growth and development in Africa.
SEC seeks more adoption of e- Dividend registration mandate
The Director-General of SEC, Mounir Gwarzo, in a press briefing held in Lagos recently, described the e-Dividend platform as a game changer in the market that will ensure that infractions are reduced to the barest minimum.