Archives for MONEY MARKET - Page 119
World Bank tasks Nigeria Governors on digital tax collection
The World Bank has advised Governors to adopt a digital tax collection method to reduce revenue leakage and borrowing from international financial institutions. The country representative of the World Bank…
Access Bank acquires BancABC Botswana
MD, Access Bank, Herbert Wigwe By Ngozi Onyeakusi --- Access Bank, Nigeria’s biggest lender by customer base, says it has entered into a definitive and binding agreement with ABC Holdings regarding…
UBA posts 27% Profit After Tax growth
By Ngozi Onyeakusi---- United Bank for Africa (UBA) Plc Monday, released its unaudited results for the first quarter ended March 31, 2021, showing impressive double-digit growth across major income lines.…
Oil firms borrowed N130bn from banks in February– CBN
CBN Governor, Emefiele Operators in the downstream, natural gas and crude oil refining sectors of the Nigerian oil and gas industry borrowed N130bn from Nigerian banks in February amid the…
First 50 Beneficiaries Emerge In Ecobank Super Reward Scheme
By Ngozi Onyeakusi---- Ecobank Nigeria has announced the first 50 beneficiaries of Ecobank Nigeria Super Reward scheme. 50 customers will receive N25, 000 each. The four-month Super Rewards scheme which…
FIRS Urges Revenue Authorities To Embrace e-Solutions
Revenue generating authorities at all levels have been advisef to embrace automated processes and e-solutions for effective tax administration. The Federal Inland Revenue Service (FIRS) which made the call said…
FirstBank Launches New Corporate Website, Reiterates its Commitment to Service Delivery
Ngozi Onyeakusi----FirstBank, Nigeria and indeed West Africa’s premier financial inclusion services provider has announced the launch of its newly designed website at The new website is upgraded with features that…
World Bank officials escape attack in Calabar
Five officials from the Nigeria Erosion and Watershed Management Project (NEWMAP) and the Federal Ministry of Environment assisted by the World Bank on assignment to verify claims in a petition by…
N60b March FAAC Support Controversy: Emefiele takes a swipe at Obaseki, says giving colouration to “printing money” is inappropriate
CBN Governor, Emefiele Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has, in a veiled response, described as inappropriate the colouration given to the concept of printing of…
Headline inflation records 18.17%
By Ngozi Onyeakusi---- The National Bureau of Statistics (NBS) says in its consumer price index, (CPI) report for March 2021 that Nigeria’s inflation rate for the month rose to from…