Investments/Capital Market Latest News

Oando Saga: Adeosun Appoints Uduk Acting DG SEC, Re-deploys Zubair, Others

The Minister of Finance, Mrs. Kemi Adeosun, today directed that Ms Mary Uduk should assume the position of Acting Director-General of the Securities and Exchange Commission (SEC) and  also approved the re-assignment of some top officials. Uduk’s appointment and re-deployment of other top management staff may not be unconnected with the week’s conflicting directives from the commission […]

Investments/Capital Market Latest News

Why We Suspended Oando Shares’ Trading, Lift Suspension – NSE

The Nigerian Stock Exchange (NSE) has explained why its earlier directive lifting the technical suspension earlier placed on Oando Plc’s shares was reversed and subsequently re-validated. The Exchange linked the conflicting directives to directives by the industry regulator, the Securities and Exchange Commission (SEC), The SEC had on Monday, through a letter directed the management […]

Banking Latest News

CBN Begins Disbursement Of N26bn Agribusiness Fund To MSMEs

The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee yesterday started the disbursement of N26 billion Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS) fund to the first set of beneficiaries. The Governor of the apex bank, Mr. Godwin Emefiele, who flagged off the inauguration of the scheme in Abuja, said that […]

Economy News Extra Latest News

Again, Inflation Rate Decelerates To 13.34% In March

The National Bureau of Statistics (NBS) today reported that the nation’s Consumer Price Index (CPI), which measures inflation, increased by 13.34 percent (year-on-year) in March this year, representing 0.99 percent points less than the  14.33 percent rate recorded in February. The Bureau indicated that the latest inflation rate represented the 14th consecutive disinflation trend  since […]

Banking Latest News Telecomms

NCC, CBN Seal Pact To Boost Financial Inclusion

In a major move that is bound to improve banking services efficiency and bring more unbanked people into the banking net nationwide, the Nigerian Communication Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) on the nation’s payment system. Speaking on the partnership, the Executive Vice Chairman of […]

Banking

FG Extends VAIDS Implementation Deadline To June 30

President Muhammadu Buhari today approved the extension of the Voluntary Assets and Income Declaration Scheme’s (VAIDS’) implementation by three months to June 30, 2018. A statement confirming the extension of the scheme’s implementation after the original March 31 deadline issued by the Special Adviser Media & Publicity to the President, Femi Adesina, indicated that the […]

Budgets Economy News Extra Latest News

BudgIT Asks FG To Publish Beneficiaries Of N1.4tn Fuel Subsidy

BudgIT, a frontline civil society group committed to public finance transparency in the country, has charged that Federal Government to publicise the real beneficiaries of the yearly N1.4 trillion subsidy payments with a view to ensuring that the expenditures judiciously utilized. The civil society organization lamented that despite the startling disclosures by the Minister of […]