Afreximbank backs expansion of Grenada’s Silversands Hotel with $30m facility
African Export - Import Bank (Afreximbank) has approved a $ 30 million financing facility to Joyau Des Caraibes Limited (JDC); the...
Banking & Finance
Equity market’s bearish trend continues, shed N74bn
Transactions on the floor of Nigerian Exchange closed southward, shedding N74 billion as more companies recorded low performance The downward trend...
CBN kickstarts strategy to double remittances, Grants AIP to 14 new IMTOs
Omeiza Bilal The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by...
CBN appoints 11 pre-shipment agents for crude oil, gas exports in Nigeria
The Central Bank of Nigeria (CBN) has appointed 11 pre-shipment inspection agents, monitoring and evaluation agents for oil and gas exports...
Equity market sheds N132bn
Omeiza Bilal Domestic equity market on Tuesday sustained downward trend at the close of trading on Tuesday shedding N132 billion...
Local equities shed N297bn
Omeiza Bilal The local equity market opened on Monday on a bearish note, declining by N297 billion Market capitalisation of...
Reconsider implementation of cybersecurity levy, says KPMG
KPMG Nigeria has advised the federal government to reconsider the implementation of the cybersecurity levy due, adding that higher taxes...
Uwaleke commends SEC on new rules on private companies’ securities
The President of Capital Market Academics of Nigeria, Professor Uche Uwaleke has commended the Securities and Exchange Commission (SEC) for...
SERAP, BudgIT, 136 Nigerians drags CBN to court over cybersecurity levy
Omeiza Bilal Socio-Economic Rights and Accountability Project (SERAP), BudgIT and 136 concerned Nigerians have filed a lawsuit against the Central...
NDIC jerks up maximum deposit insurance to N5m for commercial banks
Omeiza Bilal The Nigerian Deposit Insurance Corporation has increased the maximum deposit insurance coverage for customers of Deposit Money Banks from...
