Blog List Layout

Keystone Bank was on Thursday readmitted into the spot and wholesale forwards segment of the foreign exchange market by the Central Bank of Nigeria (CBN) sequel to the provision of evidence of sales of foreign exchange to Small and Medium scale Enterprises (SME) since the introduction of the special window for small businesses. The CBN had banned fourteen banks from …

Read More »

For youths under the Bank of Industry’s Graduate Entrepreneurship Fund (GEF) programme, access to loans will henceforth be at zero per cent interest charge from the initial nine per cent, thus requiring only the repayment of the principal amounts in a bid to enhance business creation and sustainability. According to the Bank, the GEF scheme being implemented by the Bank …

Read More »

The Chairman of Fidelity Bank Plc, Mr. Ernest Ebi has assured that, with new indicators in the domestic economy taking a positive trajectory in the recent times, Return on Investment for investors in the bank in the year will also follow in that direction. The Chairman who made this disclosure as part of his major highlight while answering shareholders questions …

Read More »

The Securities and Exchange Commission (SEC) has announced the dissolution of the board of Ikeja Hotels Plc due to unresolved internal crisis involving some majority shareholders of Ikeja Hotels Plc. The Commission said this proactive measure has become necessary in order not to allow the warring parties take certain actions that would give them an advantage over one another. According …

Read More »

… As Shareholders Approve’s N2.58 Kobo Dividend The board of directors of Nigerian Breweries Plc yesterday announced the resignation of its Managing Director Mr Nicolaas Vervelde, as he will complete his assignment with the company in June this year, to take up a new role within the Heineken Group outside Nigeria. In a statement posted in the Nigerian Stock Exchange …

Read More »

Contrary to insinuations about the willingness of farmers to pay up their loans, the Central Bank of Nigeria (CBN) says farmers who accessed credit under its Anchor Borrowers’ Programme (ABP) have started repaying the loans. According to the apex bank, as at the end of March , a total of N33.34 billion had been released through 12 participating finance institutions …

Read More »

The American Business Council (ABC), has congratulated the Federal Government on the new national economic growth blueprint, the Economic Recovery and Growth Plan (ERGP), launched recently by President Muhammadu Buhari. The council, which promotes Nigeria-America economic partnerships, while endorsing the ERGP, said the objectives and strategies of the growth plan are commendable as it focuses on restoring growth through macroeconomic …

Read More »

Budget and National Planning Minister, Senator Udoma Udo Udoma has explained that Nigeria’s debt service/revenue ratio appears high because the county is currently facing a revenue challenge. He however pointed out that as revenues improve, the ratio will consequently reduce. The Minister, who was speaking at a Stakeholders’ Dialogue on the Implementation of the Economic Recovery and Growth Plan (ERGP) …

Read More »

The Federal Government has commenced consensus building with experts and critical stakeholders in and outside the government to ensure the successful delivery and implementation of the Economic Recovery and Growth Plan (ERGP) Roadmap. Faithful implementation of the ERGP is one of the cardinal focus of government, having realized that lack of diligent implementation was largely responsible for the failure of …

Read More »

Nigeria National Petroleum Corporation supplies the “most reliable and cheapest power’’ to Nigerians, Dr Maikanti Baru, the corporation’s Group Managing Director, has said. Baru made the statement in Houston on Monday while addressing newsmen on the sidelines of the 2017 Offshore Technology Conference. OTC is an annual conference of experts in the oil and gas sector. The conference is organised …

Read More »