The House of Representatives today charged the Central Bank of Nigeria (CBN) to comply with provisions of its enabling Act in respect of the submission of its Annual Accounts to the National Assembly for assessment. Specifically, the green chamber challenged the apex bank on the provisions of Section 50(1) of the CBN Act which provides […]
Heritage Bank Plc has restated its commitment to the sustenance, growth and development of Nigeria’s agricultural sector. The bank’s Divisional Head of Corporate Communications, Mr. Fela Ibidapo, who stated this Monday,said that the bank was prepared to leading the way in agricultural financing in the country. Ibidapo explained that realise this goal the lender was […]
The International Monetary Fund warned on Tuesday cautioned Sub-Saharan African nations over heavy borrowing and gaping deficits, despite an overall growth in economic growth being recorded in most of the economies. The Breton Woods institution, in its Economic Outlook Report released in Ghana, noted that The economies would be plunged into another era of debt […]
Smarting from the recent fairly favourable oil prices at the international market and monetary policy proactive measures, Nigeria has overtaken South Africa in net foreign reserves, with the country’s reserves peaking at $47.37 billion as against South Africa’s about $43.12 billion currently. The accretion in Nigeria’s foreign reserves is attributed to the sundry proactive monetary […]
The Minister of Transport, Mr. Rotimi Amaechi, has put the total funds required to construct the nation’s three major speed rail lines at about N46 billion dollars, about N16.56 trillion. Amaechi made this disclosure on Tuesday in Papalanto, near Abeokuta, Ogun State during a joint inspection of the Lagos-Ibadan standard rail gauge project he conducted […]
Determined to ensure adequate liquidity in the Inter-Bank segment of the Foreign Exchange market, the Central Bank of Nigeria (CBN), on Tuesday, supplied $210 million to meet end users’ needs. An analysis of the supply showed that authorized dealers in the wholesale segment of the market offered received $100 million compared to the Small and […]
The National President of the National Association of Nigerian Traders (NANTS), Barrister (Chief) Ken Ukaoha (2nd Left) welcoming a traditional ruler to the high table during the inauguration of South West States’ Executive Councils (EXCOs) and Commissioning of Ibadan Zonal Office of the Association in Ibadan, Oyo State…at the weekend.
L-R: Ag. Executive Commissioner Operations, Securities and Exchange Commission (SEC) Mr. Isyaku Tilde, Board Chairman SEC Ghana, Dr. Yeboa Amoa, Chairman WASRA and Executive Secretary of Le Conseil Regional de l’Epargne Publique et des Marches Financiers (CREPMF), Abidjan, Mr. Mory Soumahoro and DG SEC-Ghana, Rev. Daniel Obgarmey Tetteh at the meeting of WASRA in Budapest, […]
Delta Commissioner for Lands and Survey, Chika Ossai, today said that the ministry generated N1.7 billion from the issuance of Certificate of Occupancy to land allotees last year. Ossai, who disclosed this at the 2018 Ministerial media briefing in Asaba, said that the ministry’s target for this year was to generate N4 billion. He explained […]
The National Bureau of Statistics (NBS), has reported credit to the private sector by banks in the first quarter of this year, totaled N15.60 trillion. The Bureau gave this hint in its Selected Banking Sector Data for First quarter, 2018, posted on its website last weekend. According to the official statistics producing agency, of the […]