By Kadiri Abdulrahma The Central Bank of Nigeria (CBN) says 20 Nigerian Banks have already met the new minimum capital requirement in the ongoing bank recapitalisation exercise. The Governor of the CBN, Mr Yemi Cardoso, made this known on Tuesday in Abuja while presenting the communiqué from the 304th meetingContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) says its decision to reduce the Monetary Policy Rate (MPR) by 50 basis points was partly informed by sustained deceleration in year-on-year inflation. The CBN Governor, Yemi Cardoso, said this on Tuesday in Abuja while presenting the communiqué from the 304thContinue Reading
By Grace Alegba The Chartered Institute of Bankers of Nigeria (CIBN) on Tuesday pledged support to the Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) to accelerate Nigeria’s economic growth. CIBN President, Prof. Pius Olarenwaju, made the pledge when ACAMB executives and trustees visited the institute’s chamber inContinue Reading
By Ginika Okoye Stakeholders in the financial and capital market sectors have called on African governments to invest in infrastructure and encourage innovations to support long-term productivity and integration. The stakeholders made the call at the 3rd Prof. Uche Uwaleke PUU Colloquium on the Capital Market, in Abuja. They saidContinue Reading
By Adeyemi Adeleye Mr Micheal Nwabufo, Ambassador to the Corporate Affairs Commission (CAC), says Nigeria has moved beyond merely catching up with global standards and is now competing with leading economies in instant business registration. Nwabufo, who told newsmen on Monday in Lagos, said the commission’sContinue Reading
By Grace Alegba Moniepoint Inc. says digital payments now dominate Nigeria’s nightlife economy, particularly among local bars, and informal community venues. The News Agency of Nigeria (NAN) reports that Moniepoint is a Nigerian financial technology (fintech) company that offers a wide range of digital banking and financial services for businessesContinue Reading
By Lucy Ogalue Some stakeholders have urged African countries to strengthen intra-continental trade and democratic resilience as the era of traditional development assistance gradually declines. They gave the advice on Monday in Abuja at the public presentation of a policy publication titled Beyond Aid and Fear, organised by Friedrich-Ebert-Stiftung (FES)Continue Reading
By Taiye Olayemi The Energy Commission of Nigeria (ECN) has pledged support to the Nigerian Institute of Electrical and Electronic Engineers (NIEEE) following the inauguration of its 22nd President, Dr Felix Adegboye, in Lagos. Dr Mustapha Abdullahi, Director-General of the commission, described the investiture as a landmark andContinue Reading
By Kadiri Abdulrahman TAJBank Limited, one of Nigeria’s foremost non-interest banking services provider, has bagged an A1 ranking from Agusto & Co and Datapro rating agencies. The bank’s Chief Executive Officer, Mr Hamid Joda, disclosed this in a statement on Monday in Abuja Joda said that the ratings were inContinue Reading
TCN restores Shiroro-Mando transmission line 2Continue Reading
