Sunday, January 20, 2019
CBN to Boost Financial Inclusion to 80 percent with New National Strategy - The Central Bank of Nigeria (CBN) Thursday unveiled the National Financial Inclusion Strategy designed to ensure that at least 80 per cent of Nigerians have access to...
CBN unveils new policy to capture the unbanked - The Central Bank of Nigeria on Thursday unveiled the National Financial Inclusion Strategy designed to ensure that at least 80 per cent of Nigerians have access to banking and other financial...
Sovereign Trust Insurance to raise N2.09b from shareholders - Sovereign Trust Insurance Plc has launched a process to raise N2.09 billion from existing shareholders as the insurance company seeks to beef up its capital base to position it in better...
Inflation hits seven-month high at 11.44% - The consumer price index (CPI) which measures inflation, increased by 11.44 per cent (year-on-year) in December 2018; a 0.16 per cent increase from the 11.28 per cent recorded in November. According to the December...
Nigeria shops for private sector investment in ICT Park - THE Federal Government has started shopping for private sector investment for the actualisation of Abuja National ICT Park. It said the Park will create a platform for the acquisition of ICT...
CBN: Zero interest for N800b oil subsidy debt - Deposit money banks (DMBs) will not charge interest on loans linked to petrol subsidy taken by oil marketers between June 2017 and December 2018. The Depot and Petroleum Products Marketers Association of...
Pipeline vandalism up 42.9% The Nigerian National Petroleum Corporation (NNPC) yesterday said Nigeria earned $640.35million from the export of crude oil and gas for the month of October, last year. NNPC Monthly Financial and Operations Report for October 2018 which...
NGO seeks details of CBN, MTN peace deal - What are the details of the resolution of the dispute between the Central Bank of Nigeria (CBN)  and telecommunication giant MTN Nigeria on the alleged improper repatriation of about $8.13 billion? A...
18 firms fail NSE’s listing requirement - Eighteen quoted companies have less than the required minimum volume of shares for public trading at the stock market. This is a major infraction that may adversely affect liquidity and efficient price discovery on...
Zimbabwe Announces Plans to Introduce New Currency - Zimbabwe will introduce a new currency in the next 12 months, the country’s Finance Minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close...
CBN to support 120,000 rice farmers in Kano - No fewer than 120, 000 rice farmers in Kano State will benefit from the Federal Government’s Anchor Borrower Programme (ABP) for this year’s dry season farming, the state Chairman of the...
Labor vows to resist attempt to tamper with new minimum wage - THE Nigerian Labour Congress (NLC) will oppose any move to tamper with legitimately earned salaries of workers in guise of implementing the new minimum wage, its President, Mr....
Foreign Airlines Generate N503.3 billion from Ticket Sales - Foreign airlines operating in the country last year amassed over N503.3 billion ($1.4 billion) in travel ticket sales alone. The estimated sum shows stability in the international traffic when compared to figures...
CBN Set to Auction N908 Billion Treasury Bills in Q1’19 - The Central Bank of Nigeria (CBN) yesterday released its Treasury Bills Issuance Programme for the first quarter of 2019. In all, the central bank will sell treasury bills worth N907.880...
NSE: Bears on rampage, market capitalisation loses N136bn - THE bears at the Nigerian Stock Exchange (NSE) continued to dominate trading for the fifth trading days in 2019 with the crucial market indicators declining further by 1.20 per cent. Specifically, the...
Nigerian Stock Exchange Records Losses as ASI Drops by 0.96% - Price losses by 24 stocks extended the bearish trend at the Nigerian equities for the second day. Having opened 2019 on a negative note on Wednesday, the market recorded...
Minimum Wage: Labour, Fed govt make progress-  NLC President says - Mr Ayuba Wabba, NLC President, has confirmed that the organised labour had a useful discussion with the federal government on Tuesday and promised they would reconvene on Wednesday to...
BUA Group Set to Expand Cement Production by 3million Metric Tonnes per annum - Less than one week after the listing of shares from the almost $1 billion merger between BUA Kalambaina Cement Company and Cement Company of Northern Nigeria...
Investors Record Gains Despite Stock Market Volatility - Despite a decline of 17.8 per cent recorded by the Nigerian stock market in 2018, some investors in the market still recorded gains, THISDAY’s investigation has revealed. Apart from the Nigerian Stock Exchange...
Nigeria’s E-payment transactions hit N56.85tr, say reports - Reports from the Nigerian Interbank Settlement System (NIBSS) have indicated that Nigeria’s electronic payment (e-payment) services, recorded transactions worth N56.85 trillion from January to September, last year. The report, obtained by the News...
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