Archives for September 8, 2018
Nigeria Others To Get $15m AfDB Equity Investment
The African Development Bank (AfDB) says it has approved 15 million dollars for equity investment in Verod Capital Growth Fund III, a private equity fund for investments in high growth…
NNPC Allays Fear Over Fuel Scarcity
The Nigerian National Petroleum Corporation (NNPC) has assured that there is enough fuel in the country and that there is no need for panic buying of…
PenCom explains reasons for suspension of recruits
The National Pension Commission (PenCom) has explained the reasons behind the suspension of the recruitment of 41 workers into the Commission. The Acting Director-General, Mrs. Aisha Dahir-Umar…
Panel To Recover $7b Bailout Funds From Commercial Banks
The Special Presidential Panel for the Recovery of Public Property is to recover the seven billion dollars bailout fund granted commercial banks between 2006 and 2008. The panel Chairman,…
Afreximbank, CDB Seal $500m African Trade Treaty
The African Export-Import Bank (Afreximbank) has sealed a 500-million dollar deal with the China Development Bank (CDB) to support trade enabling infrastructure projects across the continent. The bank’s…
Forex: CBN injects $303m, CNY 46.58m into Retail SMIS
The Central Bank of Nigeria (CBN), on Friday, September 7, 2018, injected the sum $ million into the interbank retail Secondary Market Intervention Sales. This is in…
Sterling Bank Partners African Ventures Programme to Promote 500 Businesses
Nigeria’s leading commercial bank, Sterling Bank Plc has announced plans to partner with 500 indigenously promoted African enterprises in a bid to make 50 of them globally competitive…