Banking Economy News Extra Latest News Picture Speaks

During Fidelity Bank’s Special Day On Wednesday At The 2019 Lagos International Trade Fair

GIVING BACK TO OUR CUSTOMERS The Executive Director, Corporate Bank, Fidelity Bank Plc, Obaro Odeghe (5th left) receives an award on behalf of the bank from the President, Lagos Chamber of Commerce & Industry (LCCI), Babatunde Ruwase, during the bank’s Special Day on Wednesday at the 2019 Lagos International Trade Fair while beneficiaries of Fidelity […]

Economy News Extra Latest News National Assembly Oil & Gas Taxation

Senate Plans Review Of Gas Flaring Penalties

The Senate has mandated its Committee on Gas to review upwards and recommend immediately penalties for defaulters of the nation’s gas flaring laws. The legislative move is intended to be a desirable step towards deterring abuses by operators and exploring the opportunities in the gas sub-sector of the hydrocarbon resources to national development advantage The […]

Banking Infrastructure & Capital Projects Investments/Capital Market Latest News

AFC Issues $500Mn Eurobond For General Corporate Services

Africa Finance Corporation (AFC), Africa’s infrastructure financing organisation, has issued a $500 million 10-Year Eurobond for general corporate services. The Corporation in a statement indicated that the “senior, unsecured Eurobond, which carries a coupon of 3.75 percent, was priced to yield 3.895 percent for a tenor of 10 years, being  the longest tenor bond issued […]

Budgeting Economy News Extra Latest News Revenue Taxation

Nigeria Targets 80% Revenue Accruals From Non-Oil Sector – Fowler

The Executive Chairman, Federal Inland Revenue Service (FIRS) Mr.Tunde Fowler, has projected that at least 80 percent of federally generated revenues would accrue from the non-oil sector of the economy in the next three years. Fowler, who made the forecast at the Nigeria-Canada Investment Summit in Abuja, disclosed that the non-oil sector’s contribution to the Nigerian […]

Banking Economy News Extra Investments/Capital Market Latest News Solid Minerals

CBN To Off-Take Nigeria’s Gold At Global Competitive Price – NEXIM Boss

The Managing Director, Nigeria Export-Import Bank (NEXIM Bank), Mr. Abba Bello, has hinted of ongoing arrangements by the Central Bank of Nigeria (CBN) to commence off-taking Nigeria’s gold at international competitive price. The banker, who made this disclosure while speaking on what NEXIM Bank is doing to promote mining during a Mining Master Class of […]

Economy News Extra Latest News Science 'n' Technology Telecomms

Again, Communications Minister Tasks NCC On High Data Cost

The Minister of Communications, Dr. Isa Ali Pantami, on Tuesday asked the Nigerian Communications Commission (NCC), the telecom industry regulator, to consider the possibility of reducing data cost for millions of Nigerian telecom subscribers amid growing complaints by them on extortion by service providers. The minister gave the charge when the management of the commission, […]

Banking Economy News Extra Latest News Oil & Gas Power/Electricity

AfDB’s Board Converts Bank’s Energy Fund To Concessional Facility

The African Development Bank’s (AfDB’s) Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund, the Sustainable Energy Fund for Africa (SEFA), into a “special fund”, to catalyse the development finance institution’s impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance. Currently, […]

Agriculture & Agribusiness Banking Latest News Picture Speaks

During Discussion Between Heritage Bank And Sumitomo Corporation On Mechanisation & Agric Business, Held At Bank’s Head Office, Lagos At The Weekend

L-R: John Gbassa, CEO/MD of WAO Global Trading Ltd; Koji Shirotani, Divisional Manager, Sub-Sahara Africa Business Development Division; Afolasade Alonge, Divisional Head, Corporate and Specialized Banking, Heritage Bank Plc; Masafumi Tanimoto, General Manager, Accra Liason Office; Tsuyoshi Ueda, Assistant Managing Director; Jude Monye, Executive Director of Heritage Bank; Olugbenga Awe, Divisional Head, Agric Finance & […]

Crime & Judiciary Matters Economy News Extra Insurance & Pension Latest News

We Have Zero Tolerance For Corruption In Our Operations – NDIC Boss

The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Mr Umaru Ibrahim, has restated the corporation’s zero tolerance for corruption and all forms of malpractices in the implementation of its mandate and activities. Giving the assurance during the inauguration of four new members to the corporation’s Anti-Corruption and Transparency Unit (ACTU) by the Chairman of […]

Budgeting Economy News Extra Latest News National Assembly Power/Electricity

NASS Will Demand Accountability In Power Sector Funding – Lawan

President of the Senate, Senator Ahmad Lawan, has said that the Ninth National Assembly would demand for accountability and transparency in the power sector funding, especially in the application of funds that would be allocated in the 2020 budget. The lawmaker made this remark when the Managing Director of the Niger Delta Power Holding Company, […]