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Category: Finance

Dangote Cement seeks debt funding options under N300bn bond issuance programme
BusinessFinance

Dangote Cement seeks debt funding options under N300bn bond issuance programme

The Dangote Cement Plc. board of directors has approved access to the Capital Market for support and maximizing available sources…

Christina NgeneMarch 25, 2021March 25, 2021
FG not adopting flexible foreign exchange rate or NAFEX – CBN
BusinessFinance

FG not adopting flexible foreign exchange rate or NAFEX – CBN

The Central Bank of Nigeria, CBN, has said that the FG is not adopting a foreign exchange rate or NAFEX…

Christina NgeneMarch 24, 2021March 24, 2021
FG adopts the NAFEX rate for its official FOREX transactions
BusinessFinance

FG adopts the NAFEX rate for its official FOREX transactions

The Federal Government is adopting the investors and exporters rate, NAFEX currently averaged at N410 to $1 for its official…

Christina NgeneMarch 23, 2021March 23, 2021
Nigeria: Domestic and foreign portfolio investment (FPI) for February 2021
BusinessFinance

Nigeria: Domestic and foreign portfolio investment (FPI) for February 2021

Nigeria: Total domestic and foreign portfolio investment, FPI at NSE in February was lower than January by 7.26%. The Nigerian…

Christina NgeneMarch 23, 2021March 23, 2021
CBN requirements for innovative products under the regulatory sandbox
BusinessFinance

CBN requirements for innovative products under the regulatory sandbox

What is the CBN regulatory sandbox? The Central Bank of Nigeria has a regulatory sandbox that it adopted in 2021…

Christina NgeneMarch 22, 2021March 22, 2021
Updated: CBN list of approved international money transfer operators (IMTO) in 2021
BusinessFinance

Updated: CBN list of approved international money transfer operators (IMTO) in 2021

The Central Bank of Nigeria, CBN has released of list approved international money transfer services as at February 28, 2021.…

Christina NgeneMarch 22, 2021April 26, 2021
DMO lists Sukuk bond of N162.5 billion on NSE, FMDQ
BusinessFinance

DMO lists Sukuk bond of N162.5 billion on NSE, FMDQ

The DMO puts up FG Sukuk Bond on NSE today. Nigeria’s Debt Management Office, DMO, listed a total of N162.5…

Christina NgeneMarch 18, 2021March 18, 2021
N-power news – FG initiates the next stage of enrollment for batch C
BusinessFinance

N-power news – FG initiates the next stage of enrollment for batch C

N-power news and update. The FG has initiated the next stage of the enrollment process for batch C applicants of…

Christina NgeneMarch 17, 2021March 17, 2021
Bankers with more assets than income to face jail time – EFCC
BusinessFinance

Bankers with more assets than income to face jail time – EFCC

Financial operators and bankers have been notified by the Economic and Financial Crimes Commission, EFCC, that the Bank Employees, ETC.…

Christina NgeneMarch 17, 2021April 12, 2021
Electronic Settlement Limited, ESL gets a fine of N5mn over data breach
BusinessFinance

Electronic Settlement Limited, ESL gets a fine of N5mn over data breach

National Information Technology Development Agency, NITDA said that it has concluded the investigation process on the personal data breach that…

Christina NgeneMarch 16, 2021March 16, 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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