Archives for MONEY MARKET - Page 223
World Bank loans in Nigeria rise by $2.19bn in three years –
The World Bank loan portfolio in Nigeria increased by $ in the last three years, investigation has shown. Data obtained from the Debt Management Office in Abuja on…
Union Bank Profit Before Tax Soars To N12.1bn
By Ngozi Onyeakusi -- Union Bank of Nigeria (UBN) Plc has posted a profit before tax of billion for the half year ended June 30, 2019. This represents…
Access Bank Issues Tier II N30bn Local Bond
By Ngozi Onyeakusi--- To further strengthen its funding base, Access Bank has successfully issued a Tier II N30 billion Fixed Rate Subordinated Unsecured Bond. The bond was oversubscribedwhich…
FG, States, LGs Share N762.5bn In June
Federal Government, States and Local Government Areas (LGAs) shared billion as federal allocation for the month of June. Mr Ahmed Idris, the Accountant-General of the Federation (AGF), said…
Those Patronizing Cryptocurrencies Risk Their Savings — NDIC
The Managing Director, Nigeria Deposit Insurance Corporation, Umaru Ibrahim, has warned against patronizing cryptocurrencies. Ibrahim, who sounded the warning said while various forms of digital currencies currently…
Nigerian Inter-Bank Forex Market Gets $210m CBN boost
By Ngozi Onyeakusi -- The Nigerian inter-bank foreign exchange market received another boost of $210 million from the Central Bank of Nigeria (CBN) following transactions concluded on…
NNPC Secures $3.15bn To Finance OML 13
Nigerian National Petroleum Corporation (NNPC) bid to increase the nation’s crude oil reserves and daily oil production to 3million barrels per day has received a major boost…
Access Bank: More Winners Emerge in DiamondXtra Draw
By Ngozi Onyeakusi -- Ten Nigerians have emerged in the monthly draw of the DiamondXtra savings scheme season eleven initiated by Access Bank. The presentation which took…
CBN To Add Milk Importation On Forex Restriction List
Central Bank of Nigeria (CBN) has resolved to place foreign exchange restrictions on milk importers into the country. CBN Governor, Godwin Emefiele, who lamented that between $…
Union Bank Settles Defrauded Customer N8.7 Million As Court Jails Ex-Staff
Union Bank of Nigeria Plc has repaid the sum of million fraudulently withdrawn from the account of one its customers by a staff who has been jailed a…
