Banking & Finance

Oluwasina Phillip The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele has said that he hopes to take the Nigerian economy where it was when he was a child. The apex bank boss said this on Tuesday during an interview on Arise TV. The CBN under the leadership …

Ebuka Daniel Business activities were on Wednesday paralysed at the Ministry of Industry, Trade and Investment, following a protest organised by civil servants in the ministry. The protest, which started at about 10am caught many of the visitors of the ministry who had come there to carry out business transactions …

Oluwasina Phillip Ghana is set to host the African Development Bank Group’s next Annual Meetings in May 2022, following the signing of a Memorandum of Understanding between the two parties on Monday. The 57th Annual Meetings of the African Development Bank and the 48th Annual Meeting of the African Development …

First Bank of Nigeria Limited, has announced the launch of its fully automated branch, called the FirstBank Digital Experience Centre. The bank in a statement said the centre is provided to put customers at an advantage in carrying out various activities on their own without interacting with anyone. “The branch …

Ebuka Daniel The Central Bank of Nigeria has released a framework to guide the implementation of its new financial instrument, the 100 for 100 Policy on Production and Productivity. The initiative is targeted at funding private owned companies in the country. The CBN Governor, Mr Godwin Emefiele, had earlier this …

Ebuka Daniel The Development Bank of Nigeria, Financial Centre for Sustainability Lagos and Nigeria Climate Innovation Center on Wednesday signed a Memorandum of Understanding to fund green projects in the country. The agreement is aimed at creating a dedicated fund for Micro, Small, and Medium Scale Enterprises ecosystem in Nigeria. …

Ebuka Daniels The President, African Development Bank Group, Dr Akinwumi Adesina, has pledged the Bank’s support for the recharging of water to the Lake Chad Basin. Adesina made the pledge during his discussion with President Muhammadu Buhari at the ongoing COP26, in Glasgow, Scotland. The AfDB head through his verified …

Oluwasina Phillip Investment announcements which indicate the interest of investors in the country rose to $8.99bn in the third quarter of the year, data from the Nigerian Investment Promotion Commission has revealed. According to a report released on Tuesday by the NIPC, investment announcements grew from $1.69bn recorded in the …

The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with the unveiling of an operational framework to guide interested companies in participating in the initiative. The framework revealed the conditions interested companies must meet to qualify for the programme.  “This is the operational …

The President of the African Development Bank, Akinwumi Adesina, has said that Nigerians and other nationals flouted the Federal Government’s ban of the social media platform because it is a tool for their business and social development. The AfDB President said this during a lecture delivered in Lagos on the …