Archives for MONEY MARKET - Page 254
Heritage Bank MD charges banks on vibrant economy driven by SMEs
L-R: Dr. Segun Aina, Chairman, Global Banking Education Standard Board; Prof. Segun Ajibola, Past President, CIBN; Mr. Seye Awojobi, Registrar/CEO, CIBN; Mr. Ifie Sekibo, MD/CEO of Heritage Bank…
DMO Gives Reason For Nigerian Borrowing From China
The Debt Management Office (DMO) has disclosed that Federal Government borrows from China in order to take advantage of a cheaper source of finance even as…
FIRS To Go After 6,772 Tax Defaulters
The total of passengers travelled through Nigerian airports in the second quarter of 2018, thus showing a drop when compared with million recorded in the first quarter…
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…
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…
Foreign Reserve Dips By $990m In Three Weeks
For second consecutive month, Nigeria's foreign exchange reserves have dropped, falling by $ million this month, latest data from the Central Bank of Nigeria show. At the end…
Farmers Seek Effective Implementation, Monitoring Of CBN’s Credit Policy
Farmers across the country have applauded the nine per cent interest rate credit policy of the Central Bank of Nigeria (CBN) to the agriculture sector, saying it will…
