Archives for May 16, 2018
FBN Holdings Pledges to Recover Loans, Shareholders Approve N8.9bn Dividend
The Group Managing Director of FBN Holdings Plc, Mr. Urum Kalu Eke yesterday said that the company would intensify efforts to recover all non-performing loans (NPL), which…
Anchor Insurance makes key Marketing appointment …as Chairman bags Honorary Doctorate degree
Determined to take its business operations to another height, the Management of Anchor Insurance Company Limited, a foremost underwriting organization with consistent clean claims history,…
NCAA issues red alert on Ebola Virus Disease
With the outbreak of Ebola Virus Disease (EVD) in DR Congo, the Nigerian Civil Aviation Authority (NCAA) has called for a high level of vigilance by…
IOSCO focuses on key challenges facing securities regulators
International Organization of Securities Commissions (IOSCO) has resolved to focus on key issues affecting regulators worldwide and proffer ways of tackling the challenges This was part of…
Forex: Inter-Bank sector gets $210m
In another round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, May 15, 2018, injected the sum of $210million into the inter-bank Foreign Exchange Market…
ERGP: FG Generates $22.5bn investments in 164 projects
The Federal Government has disclosed that it had secured a total investment commitment worth $ from the private sector through the Economic Recovery and Growth Plan…
AMCON Canvasses Access to Fund for Transport Industry
For efficient service delivery in the transport industry, there was need for access to capital. The Managing Director, Asset Management Corporation of Nigeria, Ahmed Kuru, who…
CBN again cautions Nigerians on abuse of naira
The Central Bank of Nigeria (CBN) has again cautioned Nigerians against mishandling of the naira noting that the national currency symbolises ‘our national pride.’ Giving the admonition the CBNs Deputy…
National Assembly increases 2018 budget by N508bn …may pass N9.12tn budget today
The National Assembly has raised the 2018 budget by over N508bn, bringing it to The original estimates presented to the legislature on November 7, 2017 by President Muhammadu Buhari…
Inflation Dips Further to 12.48% … Though price of food still high
The National Bureau of Statistics (NBS), has disclosed that the inflation rate has dropped to in March 2018 from per cent recorded in April. This…