Archives for MONEY MARKET
Senate probes Customs over alleged N62bn under remittance
The Senate Public Account Committee has launched investigation into how Nigerian Customs Service failed to remit N62bn generated by the agency. This is contained in the 2017 Auditor General Report,…
FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow
By Ngozi Onyeakusi---Bloomberg today announced that FirstBank UK Limited (FirstBank UK), the UK subsidiary of First Bank Nigeria Limited, the premier West African bank, has adopted Bloomberg’s Trade Order Management…
Subsidy: FG to disburse grants to SMEs
The Federal Government says it will soon commence disbursement of funds under its Presidential Palliative Programme, targeted at alleviating the impact of the fuel subsidy removal. A statement on Sunday…
Tax default: FIRS waives fines, issues Dec 31 deadline
The Federal Inland Revenue Service has offered a complete waiver on penalties and interests for overdue taxes, contingent on full principal payment before December 31, 2023. This announcement was made…
Ethnos Unveils Aquila, AI Powered Mobile Application Security Platform, at Zenith Bank Tech Fair 2023
By Ngozi Onyeakusi---Ethnos, a cybersecurity firm based in Lagos Nigeria, marked a significant milestone at the Tech Fair 2023 organized by Zenith Bank by introducing Aquila, a mobile application scanning…
Ecobank Shines At DBN Awards, Bags Three Laurels
3rd left , Managing Director, Development Bank of Nigeria, Tony Okpanachi and Ecobank Nigeria with one of the awards … Gets commendations from Stakeholders. By Ngozi Onyeakusi---Ecobank Nigeria won 3…
NDIC Strengthens Liquidation Activities, Debt Recovery Rate
By Ngozi Onyeakusi---The Nigeria Deposit Insurance Corporation (NDIC) has assured that it has strengthened its liquidation activities, and greatly increased its debt recovery rate leading to the declaration of 100…
Old, new Naira notes remain legal tender indefinitely—Supreme Court
Naira By Ngozi Onyeakusi---Supreme Court of Nigeria has said that both the old and the new resigned Naira notes remain legal tender till further notice. The apex court, in a…
Fidelity Bank set to host 2 days of Family Entertainment
Nneka Onyeali-Ikpe, MD/CEO Fidelity Bank …….announces maiden edition of its Fidelity Family Weekend Fiesta By Ngozi Onyeakusi---In the spirit of the Yuletide, leading financial institution, Fidelity Bank Plc, has announced…
Union Bank, BFREE Forge Strategic Partnership to Revitalize Loan Portfolios
By Ngozi Onyeakusi---Union Bank of Nigeria and BFREE, a cutting-edge German-Nigerian FinTech firm, have signed a Memorandum of Understanding (MOU). This agreement signifies a joint commitment to addressing economic challenges…