Tag Archives: Business News

The Central Bank of Nigeria (CBN) has disclosed that the federal government spent $1billion on debt servicing  and payments between January and March 2021. The CBN in prior period said the government spent $4.68billion on debt services and payments. According to the apex bank international payments data, $617.5million was spent …

The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion. Dukia Gold Chiarman, Mr Tunde Fagbemi, said this at a media parley on Thursday in Lagos. Fagbemi said the …

…As Banks Pump N4.56 Trillion into Economy in One Year Nigerian banking sector has attracted N6.95 trillion fresh deposits within the last one year. This was disclosed by a member of the Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) Prof. Festus Adenikinju. In his personal note to the …

In line with its corporate social responsibility thrust, Nigerian Breweries Plc has flagged off the seventh edition of the ‘Maltina Teacher of the Year’ aimed at recognising and celebrating exceptional teachers in Nigeria for their contribution to nation building. Speaking at the ceremony held in Lagos, recently, the Corporate Affairs …

The Securities and Exchange Commission (SEC) has urged investors in the capital market to register for e-dividend so that they can receive the benefits of their investments in the capital market. The Executive Commissioner Operations, SEC, Mr Dayo Obisan, made the call during an interview in Abuja over the weekend, …

Coca-Cola Nigeria says through it’s plastic recycling initiatives it is committed to the support of environmental protection and sustainability in Nigeria, in commemoration of World Earth Day. A statement on Friday said the Director, Public Affairs, Communications and Sustainability, Coca-Cola Nigeria, Amaka Onyemelukwe, also said through its ‘World Without Waste’ …

The Central Bank Governor, Godwin Emefiele, has urged exporters to repatriate export proceeds in order to boost foreign exchange inflow in the country. He spoke while making a presentation at Zenith’s Bank’s 2021 export seminar on Tuesday. Emefiele said, “We would also like to urge existing exporters, that they endeavor …

The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in global oil prices and the depreciation of the naira against the dollar. The Petroleum Products Pricing Regulatory Agency had in March released a pricing template …

Aiming to be Africa’s financial gateway to the world, the Nigerian lender, Access Bank has acquired a majority stake in another foreign bank, a few weeks after it announced its intention to buy a South African bank. In a notice on Monday, the company said it has entered into a …

The Securities and Exchange Commission (SEC) has said it is in discussion with the Central Bank of Nigeria on how to better understand and regulate the crypto currency market in the country. SEC said on Thursday that it would continue to engage players in the financial technology space and support …