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Category: Finance

DMO seeks firms with interest in issuing Sukuk in the capital market
BusinessFinance

DMO seeks firms with interest in issuing Sukuk in the capital market

The Debt Management Office, DMO is requesting for the expression of interest/pre requisition documents for the role of issuing house,…

Christina NgeneApril 26, 2021April 26, 2021
Afreximbank surveys and discusses recapitalization, $33.6 billion SDR, fixing trade finance
BusinessFinance

Afreximbank surveys and discusses recapitalization, $33.6 billion SDR, fixing trade finance

Recapitalization will enable Afreximbank lend to the private sector for jobs, business and free trade flow. The COVID-19 pandemic in…

Christina NgeneApril 23, 2021April 23, 2021
Africa building payment platform for trade to sustain AfCFTA before common currency
BusinessFinance

Africa building payment platform for trade to sustain AfCFTA before common currency

The common currency in Africa might be while, but there is a workable solution for AfCFTA. The African Continental Free…

Christina NgeneApril 22, 2021August 25, 2021
CBN, Afreximbank to utilise PAPSS to improve trade and payment
BusinessFinance

CBN, Afreximbank to utilise PAPSS to improve trade and payment

The CBN has said that it has plans to to improve PAPSS for trade and payment. The governor of the…

Christina NgeneApril 21, 2021April 23, 2021
Sugar and Wheat to go into CBN FX ban list, Nigeria can produce
BusinessFinance

Sugar and Wheat to go into CBN FX ban list, Nigeria can produce

The Central Bank of Nigeria, CBN has been particular about the importation of certain goods into the country mostly due…

Christina NgeneApril 16, 2021April 16, 2021
CMOs responsible for N200 billion unclaimed dividends in Nigeria – SEC
BusinessFinance

CMOs responsible for N200 billion unclaimed dividends in Nigeria – SEC

The Securities and Exchange Commission (SEC) on Thursday is blaming some Capital Market Operators (CMOs) rise in unclaimed dividends in…

Christina NgeneApril 16, 2021April 16, 2021
Nigeria hits 18.17% inflation rate in March 2021 – NBS reports
BusinessFinance

Nigeria hits 18.17% inflation rate in March 2021 – NBS reports

Nigeria hit an inflation rate of 18.17% (year-on-year) in March 2021 according to the consumer price index, (CPI) which measures…

Christina NgeneApril 15, 2021July 15, 2021
Things to know about the money market in Nigeria
BusinessFinance

Things to know about the money market in Nigeria

The money market in Nigeria. The money market is one in the collection of mutual funds that offer high liquidity…

Christina NgeneApril 14, 2021April 14, 2021
CBN extends CRMS to Microfinance, Development, other banks
BusinessFinance

CBN extends CRMS to Microfinance, Development, other banks

The Central Bank of Nigeria (CBN) is extending its Credit Risk Management System (CRMS) to Primary Mortgage Banks, Microfinance Banks…

Christina NgeneApril 14, 2021April 14, 2021
Fixed deposit in Nigeria or CDs – what you need to know
BusinessFinance

Fixed deposit in Nigeria or CDs – what you need to know

There is hardly any difference between a certificate of deposit CD and a fixed deposit which is the service available…

Christina NgeneApril 12, 2021April 12, 2021

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News Summary Today

The explosion and a suspected attack on the Trans-Niger Pipeline, TNP, have warranted a state of emergency in Rivers State. President Bola Tinubu made the announcement Tuesday, where he also suspended the current administration as well as, instated a new leader, Vice Admiral Ibokette Ibas, for six months to run the affairs of the state.

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