Emefiele, Sekibo reiterate support for small businesses
Besides, it expressed optimism that tapping the potentials of the youths, particularly the entrepreneurial drive and inquisitiveness in them, was vital to the stimulation of sustainable and equitable socio-economic development in the country.
‘Brexit is not all about economic doom for Nigeria’
Exit of Britain from the European Union popularly called Brexit is not all about doom for Nigeria’s economy and the rest of Africa, financial experts, at the yearly lecture series of the Chartered Institute of Bankers of Nigeria (CIBN), have said.
Shareholders of DN Meyer endorse planned N220m capital raise, name change
Shareholders of DN Meyer Plc have approved the company’s plan to raise additional capital of N220 million by way of rights issue.They also endorsed the firm’ arrangement to change its name to Meyer Plc in order to reflect the core ownership of the company.
It’s time to wake up the sleeping giant
Ideally Nigeria should be close to self sufficiency with its food requirements. A few decades ago the country was the leading producer of a number of agric-related products such as palm oil, rubber, cocoa, sorghum, millet and the list goes on.
Anti-fraud group unveils initiatives with CBN, NCC
The combination of efforts by government agencies and banking industry anti-fraud initiative may have led to the tightening of assessed leakages in the payments system, a step further in locking out fraudsters...
Ensuring foreign exchange stability in Nigeria
The many inconsistencies of the Central Bank of Nigeria (CBN) as to its management of the country's foreign exchange policy over the last two years, once again came into focus when the bank announced the new floating exchange rate regime based on a two-way quote.
CBN, NEXIM fast-track export financing processes
Stakeholders in the export segment of the nation’s economy may now receive accelerated processes to access the N500 billion Export Stimulation Facility (ESF) under the new guidelines released by the Central Bank of Nigeria....
UBA, Zenith Bank, others lift NSE’s turnover by N26.4b
Heavy transactions in the shares of some banks, especially United Bank For Africa Plc (UBA) and Zenith Bank, last week, enhanced the volume of shares traded, as a turnover of 2.387 billion shares worth N26.381 billion were recorded in 28,072....
AMCON enforces take over of AfriJet Airlines
Asset Management Corporation of Nigeria (AMCON), at the weekend, took possession of Afrijet Airlines Limited and its other related assets in Lagos over unpaid N10 billion debt.
Banks borrow N420b to ease liquidity pressure
The nation’s Deposit money banks at the weekend, raised their cumulative borrowings from the Standing Lending Facility of the Central Bank of Nigeria (CBN) to the tune N420 billion at 14 per cent.