By Okeoghene Akubuike The African Export-Import Bank (Afreximbank) on Sunday inaugurated its wholly-owned insurance management services subsidiary, AfrexInsure. AfrexInsure was inaugurated on the sidelines of Afreximbank’s 30th Anniversary Annual Meeting in Accra, Ghana on Sunday, a statement released by BrandComms Agency said. “AfexInsure was set up with a commitment toContinue Reading
Central Bank of Nigeria By Kadiri Abdulrahman Following the Central Bank of Nigeria (CBN) new guidelines in the Foreign Exchange (FX) market recently released, the apex bank has announced further policy changes. According to the Director, Corporate Communications, Dr Isa AbdulMumin, these policy changes aims to promote transparency,Continue Reading
By Olawunmi Ashafa Dr Tony Okpanachi, Managing Director, Development Bank of Nigeria (DBN), says the bank has provided long-term finance to over 60 Primary Financial Institutions (PFIs) since its inception. This is to address challenges confronting Micro, Small and Medium Enterprises (MSMEs) in the country. Okpanachi disclosed thisContinue Reading
By Vivian Emoni The Director-General (DG), Nigeria Mining Cadastre Office (MCO), Mr Obadiah Nkon, on Friday said that the office increased revenue generation to about N18 billion from 2019 to May 2023. Nkon said this in an interview with the News Agency of Nigeria (NAN) in Abuja. He said thatContinue Reading
By Rukayat Moisemhe Stakeholders have advised government to pursue initiatives that will widen tax net instead of increasing taxes to reduce the burden of taxation in the country. They spoke in Lagos during the fifth symposium of Issuers and Investors Alternative Dispute Resolution Initiative (IIADRI) Clinic with the theme: “NigeriaContinue Reading
By Rukayat Moisemhe The Vice-Chancellor of Pan Atlantic University, Prof. Enase Okonedo, says there is need for organisations to balance the interplay between culture and corporate governance to minimise organisational conflicts. Okonedo said this at the Institute of Directors Nigeria (IoD) 2023 Biennial Lecture on Thursday in Lagos. It hadContinue Reading
By Lydia Ngwakwe Naira on Thursday lost against the dollar at the Investors and Exporters window, exchanging N702.19 to the dollar. The local currency depreciated by 5.75 per cent when compared with N664.04 for which it exchanged for the dollar on Wednesday. The open indicative rate stood at N658.50 toContinue Reading
By Constance Athekame The Transmission Company of Nigeria(TCN) says it has restored power supply to its Alagbon Transmission Substation after a fire incident. The incident, which happened about 4.32pm on Wednesday affected one of its 60 Mega Volt Ampree (MVA) power transformers in the substation. Mrs Ndidi Mbah, GeneralContinue Reading
Firstbank, SMEDAN representatives at the Execution of a Memorandum of Understanding (MOU) for the FirstBank/SMEDAN Partnership in Lagos By Lydia Ngwakwe FirstBank of Nigeria Ltd. on Wednesday signed a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria(SMEDAN) to develop and promote MSMEs. Continue Reading
By Rukayat Moisemhe ACIOE Associates, Africa’s leading advisory services firm, has reaffirmed its commitment to inspiring and transforming African businesses via strategic and proven growth advisory solutions to spur economic development. The Chief Executive Officer, ACIOE Associates, Mr Ekenem Isichei, said this in a statement on Sunday in Lagos. IsicheiContinue Reading
