TAJBank Managing Director, Hamid Joda By Kadiri Abdulrahman TAJBank Limited, Nigeria’s fast-growing non-interest bank, has set a new record in the Nigerian banking system with the payment of dividends to its shareholders within three years of its operations. According to a statement by Isiaku Gwamna, the Chaiman of TAJBank’s board,Continue Reading
By Lucy Ogalue The Board of Directors, African Development Bank (AfDB), has approved a loan of 115 million dollars to support a major road rehabilitation project in Abia State, Nigeria. This is contained in a statement issued by the Nigeria Country Department of the bank on Saturday in Abuja. ItContinue Reading
By Ibukun Emiola The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase pump price of Premium Motor Spirit (PMS) also known as petrol to N700 per litre nationwide. The Chairman of IPMAN Southwest Zone, Alhaji Dele Tajudeen, stated this in anContinue Reading
By Philip Yatai The Federal Capital Territory Administration (FCTA) has unveiled a Strategic Plan for delegation of duties and responsibilities of revenue collection to the Federal Capital Territory-Internal Revenue Service (FCT-IRS). Mr Adesola Olusade, Permanent Secretary in charge of FCTA, unveiled the plan during a stakeholders’ meeting in Abuja onContinue Reading
By Constance Athekame The World Bank said on Tuesday that it planned to commit additional 750 million dollars to deepen Nigerians access to electricity through the Nigeria Electrification Project (NEP). Ms Elizabeth Huybens, the World Bank’s Director of Strategy and Operations for Western Central African Region, said this while inspectingContinue Reading
By Cecilia Ijuo The Acting Comptroller-General of Nigeria Customs Service (NCS), Wale Adeniyi, has assured of his commitment to bringing an end the encumbrances experienced during trade. Adeniyi gave the assurance when former Comptroller-General of Customs, retired Col. Hameed Ali, handed over to him on Monday in Abuja. He saidContinue Reading
By Kadiri Abdulrahman The Debt Management Office has indicated plans to issue Federal Government of Nigeria (FGN) bonds valued at N1.2 trillion in its third quarter “Bond Issuance Calendar” for 2023. According to the calendar, on July 17, the DMO will re-open a 14.55 per cent, April 2029 FGN bond.Continue Reading
(L-R) President AfDB, Dr. Akinwumi.. Adesina, and President Bola Tinubu, during the New Global Finance Pact Summit, in Paris. By Lucy Ogalue The African Development Bank (AfDB) President, Dr Akinwumi Adesina, has pledged the Bank’s support toward revamping Nigeria’s economy. Adesina, made the pledge during aContinue Reading
By Kadiri Abdulrahman The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars). According to a statement obtained from the DMO official website on Sunday, the total debt stock comprises the external and domestic debts of the FederalContinue Reading
By Lydia Ngwakwe Money Africa has emerged winner of the Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation Programme. The News Agency of Nigeria (NAN) reports that the NSIA rewarded some Nigerian innovators with the sum of $255, 000, some part cash and some equity investments, at the NSIAContinue Reading
