Month: November 2020

FG signs agreement with foreign Investor interested in Nigeria’s Gold industry - A Gold investor, Messrs La Mancha Incorporated, has expressed interest in Nigeria’s Gold industry and signed an Expression of ...

NAICOM Issues Licenses to Stanbic IBTC Insurance, 4 Others - The National Insurance Commission (NAICOM) has welcomed four new insurance firms and one reinsurance company, giving them licences to operate in ...

Ecobank: Fintech Focuses More on Payments, Not Wealth Creation - The Managing Director of Ecobank Nigeria Limited, Mr Patrick Akinwuntan, has challenged financial technology companies in the country to endeavour to ...

Fidelity Bank, Stanbic IBTC Directors, Others Barred from Trading Shares - Some highly placed employees of Fidelity Bank Plc and Stanbic IBTC Holdings have been prohibited from trading the shares of ...

Nigeria spends over N370b on palm oil importation - Despite the restriction placed by the Federal Government on palm oil importation, the inflow of the edible product has soared by 24.5 ...

CBN under pressure to unify exchange rate for naira - THE International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified exchange rate ...

CBN projects Nigeria's exit from recession in Q1 2021 - Central Bank of Nigeria Governor Godwin Emefiele is optimistic that Nigeria will emerge from recession by next March. He also ...

CBN devalues naira by N6 in move to unify exchange rates - The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has ...

CBN earmarks N100b loan for the health sector - Health Minister, Dr. Osagie Ehanire, has said the Central Bank of Nigeria (CBN) had earmarked N100 billion as loan to encourage private ...

Export proceeds, remittances diverted to parallel markets weakening naira - The continued diversion of export proceeds by exporters and diaspora remittances inflows to the parallel market are responsible for the ongoing ...