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Home2020November

Month: November 2020

Gold mining
LATEST NEWS

FG signs agreement with foreign Investor interested in Nigeria’s Gold industry

November 30, 2020 Tosan Olajide

FG signs agreement with foreign Investor interested in Nigeria’s Gold industry – A Gold investor, Messrs La Mancha Incorporated, has expressed interest in Nigeria’s Gold industry […]

NAICOM issues new capital requirements for the Insurance Industry
LATEST NEWS

NAICOM Issues Licenses to Stanbic IBTC Insurance, 4 Others

November 30, 2020 Tosan Olajide

NAICOM Issues Licenses to Stanbic IBTC Insurance, 4 Others – The National Insurance Commission (NAICOM) has welcomed four new insurance firms and one reinsurance company, giving […]

Ecobank Nigeria
BANKING

Ecobank: Fintech Focuses More on Payments, Not Wealth Creation

November 30, 2020 Tosan Olajide

Ecobank: Fintech Focuses More on Payments, Not Wealth Creation – The Managing Director of Ecobank Nigeria Limited, Mr Patrick Akinwuntan, has challenged financial technology companies in […]

Fidelity Bank pre tax profit grows by to N b
BANKING

Fidelity Bank, Stanbic IBTC Directors, Others Barred from Trading Shares

November 30, 2020 Haruna Magaji

Fidelity Bank, Stanbic IBTC Directors, Others Barred from Trading Shares – Some highly placed employees of Fidelity Bank Plc and Stanbic IBTC Holdings have been prohibited […]

Norsworthy Farms expands agric investment in Delta State
ECONOMY

Nigeria spends over N370b on palm oil importation

November 30, 2020 Tosan Olajide

Nigeria spends over N370b on palm oil importation – Despite the restriction placed by the Federal Government on palm oil importation, the inflow of the edible […]

CBN AGSMEIS Loan Form 2020/2021: How To Apply Without Collateral
ECONOMY

CBN under pressure to unify exchange rate for naira

November 30, 2020 Sam Gabriel

CBN under pressure to unify exchange rate for naira – THE International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the […]

CBN orders Commercial banks to pledge N1b collateral for OTC deals
ECONOMY

CBN projects Nigeria’s exit from recession in Q1 2021

November 29, 2020 Cynthia Charles

CBN projects Nigeria’s exit from recession in Q1 2021 – Central Bank of Nigeria Governor Godwin Emefiele is optimistic that Nigeria will emerge from recession […]

Naira dollar rates3
ECONOMY

CBN devalues naira by N6 in move to unify exchange rates

November 28, 2020 Tosan Olajide

CBN devalues naira by N6 in move to unify exchange rates – The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to […]

CBN limits withdrawal of deposits in domiciliary accounts
LATEST NEWS

CBN earmarks N100b loan for the health sector

November 28, 2020 Sam Gabriel

CBN earmarks N100b loan for the health sector – Health Minister, Dr. Osagie Ehanire, has said the Central Bank of Nigeria (CBN) had earmarked N100 billion […]

Naira Redesign Policy Causes Banks' Deposits with CBN to Plummet by 95.82%
ECONOMY

Export proceeds, remittances diverted to parallel markets weakening naira

November 28, 2020 Tosan Olajide

Export proceeds, remittances diverted to parallel markets weakening naira – The continued diversion of export proceeds by exporters and diaspora remittances inflows to the parallel market […]

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