Money

Government admits N2.7tr legacy debts created NPLs in banks

Minister of Finance, Mrs. Kemi Adeosun, admitted that these debts need not be prolonged anymore, as the oldest is dated 1994, while the obligations include money is owed to state governments, contractors, oil marketers, as well as...

4 days ago

Neimeth, Forte oil, others enhance NSE’s indices by 2.47%

4 days ago

Neimeth International Pharmaceutical closed higher at the end of transactions on Friday, at the trading floor of the Nigerian Stock Exchange. It led others with 24.62 per cent to close at N0.81 per share.

CBN intensifies efforts to strengthen financial literacy

4 days ago

To address this, the CBN and other regulators in the financial ecosystem, according to her, adopted a programme, which emphasised consumer protection and financial literacy.

FCMB makes promos more than a business strategy

4 days ago

When FCMB set-out to execute its 30th anniversary promo, it did not see the full weight of social value the exercise would present, as the project evolved into a tool used for actualising the dreams of many.

Why exchange rate remains high amid interventions

4 days ago

But since February this year when CBN liberalised further the foreign exchange market, it has put no less than $5 billion, most of which are in forwards sales with maturity dates ranging 30, 45, 60 days to one year.

Heritage Bank, Biase Plantations seal N232 million agric pact

4 days ago

Heritage Bank Plc, in Lagos, at the weekend, signed a N232 million pilot phase of out-growers agreement with Biase Plantations Limited (BPL), and its joint venture partner, PZ Wilmar Limited.

Group commends government’s yam export scheme, sees forex inflow

4 days ago

Nigeria is the world largest producer of yam with yearly production of about 40 million metric tonnes, accounting for 70 per cent of world yam production.

KPMG, ACCA urge regulators to enhance corporate governance

4 days ago

It explained that strong corporate governance signals governments’ commitment to creating credible arrangements for investors, taking their rights into consideration, and providing support mechanisms that safeguard their investment.

Red Star targets new opportunities in Nigeria

4 days ago

The logistics giant, which has become one of the most reputable firms in Nigeria, said the acquisition of FedEx has provided the company an unparalleled reach into the European market.

Again, Access Bank gets Karlsruhe sustainability award

4 days ago

According to the bank, the award is in recognition of Access Bank’s outstanding success in incorporating economic, social and environmental aspects into its corporate strategy and business processes.

CBN pledges sound financial system, combats money laundering

10 Jul

The CBN Governor, Mr Godwin Emefiele, gave the assurance at the opening of the Regional Course on “Combatting Money Laundering and other Financial Crimes’’ on Monday in Abuja.

Naira gains as CBN offers $450 million in one week

10 Jul

The naira strengthened further against the dollar at the weekend as it exchanged for N365 per dollar at the parallel market, following two interventions by the Central Bank of Nigeria (CBN), which totalled $449.3 million.

‘Asset declaration will boost Nigeria’s income-to-GDP’

10 Jul

The Minister of Finance, Mrs. Kemi Adeosun, has explained that the newly launched Voluntary Asset and Income Declaration Scheme (VAIDS), is a credible platform put in place for defaulting Nigerian taxpayers...

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