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BREAKING: Buhari nominates non-executive directors of CBN board

President Muhammadu Buhari on Wednesday forwarded names of five nominees to the Senate for confirmation as non-executive directors of the board of...

CBN opens special forex window for SMEs … shortens forex settlement period as naira weakens

The Central Bank of Nigeria on Monday said it had opened a special foreign exchange window for the Small and Medium Enterprises. The window would...

CBN to offer $100 million in forwards on interbank market

The Central Bank of Nigeria (CBN) said on Wednesday it will sell $100 million in currency forwards on the interbank market to clear a backlog of...

Derivatives can enhance liquidity, funding solutions in capital markets – FBN Capital

FBN Capital Limited, a subsidiary of FBN Holdings, says derivatives offer the potential for enhanced liquidity and increased funding solutions in the...

Recapitalisation: 12 Insurance Firms In Merger, Acquisition Talks

Ahead of the capital verification exercise expected to commence in the next few months in readiness for the Risk Based Supervision (RBS) that will...

GoPro shares fall to record low after Goldman, Citi say Sell

GoPro Inc. fell to a record low Monday after Goldman Sachs Group Inc. became the second firm in two days to recommend selling the stock, highlighting...

Nigeria’s FX market and CBN’s containment initiative

At the risk of being perceived as sounding alarmist, permit me to say that the Central Bank of Nigeria (CBN) has just averted a potential social...

Stock market opens week with N148bn loss

The equities market closed yesterday on a negative note, as the Nigerian Stock Exchange (NSE) lost N148 billion to close market capitalisation at...

Premium rates for most classes are still going downhill — COO, Africa Re

REINSURANCE around the globe are considering upward review of rates, is Nigeria left out, particularly, Africa Re? Globally the soft market has been...

Meets CBN to reinstate bancassurance

NATIONAL Insurance Commission (NAICOM) said it held a meeting with the Central Bank of Nigeria (CBN) to reinstate the sale of insurance products in...

NCRIB seeks inclusion of sector in PEBEC

The insurance sector should be included in the Presidential Enabling Business Environment Council (PEBEC) headed by Acting President Yemi Osinbajo...

Derivatives boost liquidity, funding solutions, says FBN Capital

FBN Capital Limited has said derivatives offer enhanced liquidity and increased funding solutions in the capital market. This contribution was made...

15 firms delisted from Nigerian Stock Exchange in 2016 – Report

A total of 15 companies were delisted from the Nigerian Stock Exchange in 2016, a latest market data obtained by our correspondent has shown. The...

Germany offers 250m euros of development aid to Tunisia

German Chancellor Angela Merkel said on Friday her government would provide Tunisia with 250 million euros in development aid. Merkel made the...

N5.1trillion Subsidy Fraud In Nnpc For Probe

Nigeria’s Senate will investigate allegations the state oil company illegally inflated funds it collected from an official subsidy scheme to N5.1...

3m Nigerians Lose N18bn To MMM – NDIC

The Nigerian Deposit Insurance Corporation (NDIC) yesterday disclosed that social media estimate showed three million Nigerians had lost N18 billion...

Nigeria’s Central Bank Explains Why Naira Appreciated

The Central Bank of Nigeria, CBN, said the recent appreciation of the Naira against other currencies was the result of its market monitoring and...

Aigboje urges insurers in Nigeria to recapitalise

… as KPMG holds 2017 insurance conference President of the National Council of the Nigerian Stock Exchange (NSE) and chairman of Wapic Insurance...

Post Ebola crisis: AFC makes maiden $205m mining investment in Guinea-Conakry

An international consortium including Africa Finance Corporation (AFC) is set to invest in Alufer Mining Limited to fund the development of...

Linkage Assurance strengthens tie with brokers for bigger market share

Determined to increase its market share and compete effectively for growth, Linkage Assurance plc has moved to strengthen relationship with insurance...

Sahel Capital and CCA Investment in Crest Agro Products

Sahel Capital, fund managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”) and CardinalStone Capital Advisers (“CCA”), a...

Tax evasion: Court orders revenue board to seal Union Bank premises

The Kaduna State Internal Revenue Service on Friday obtained a court warrant to seal the premises of Union Bank Plc in Kaduna over non remittance of...

After 35 Years of Service, Obaigbona Retires Honourably from CBN

Accolades from the top management and staff of the Central Bank of Nigeria (CBN) yesterday marked the colourful exit of one of the Directors, Mr. ...

Nigerians Spend N56trn On e-Transactions In 12 Months

Despite the economic downturn in the country last year, over N56 trillion was moved through the electronic channels in the Nigerian financial system....

Frozen Accounts: Firms sue SEC for N500m

Two firms, Flexus Global Solution and Investment Limited and Port Harcourt Flexible Co-operative Investment and Credit Society Limited, have dragged...

Six years pension: Defence ministry still owing retirees

A retiree of Ministry of Defence, Civil Personnel Unit Headquarters, 1 Division, Nigerian Army, Kaduna, Mr. Musa Garba, has lamented the non-payment...

Eight things you can do in the bank

A bank customer can walk into the bank and do any or all the following eight transactions at his comfort, according to espressoenglish.net. *Open an...

Naira faces further decline on continued dollar scarcity

The naira is set to witness another round of decline against the dollar in the days ahead as expected increase in dollar flows from Nigerians living...

Naira reverses gain, drops to 490/dollar

The naira fell against the United States dollar from 485 to 490 at the parallel market on Wednesday, reversing part of the gain it had recorded...

NSE sustains growth on year end activities

Transactions on the Nigerian Stock Exchange remained upbeat on Thursday with the All-Share Index improving by 0.35 per cent due to gains recorded by...