Metro

Further to the launch of the Nigerian Green Bond Market Development Programme (the “Programme”) into the Nigerian debt capital markets in June 2018, the Parties – FMDQ OTC Securities Exchange (“FMDQ”), Financial Sector Deepening Africa (“FSD Africa”) and Climate Bonds Initiative (“CBI”) – executed the maiden Investors Capacity Building and Training Session (the “Session”) in line with the provisions and …

Read More »

Access Bank Plc has announced top line earnings of ₦375.2 billion for the nine months ended 30 September 2018, up 3% from N365.1 billion recorded during the corresponding period in 2017. The Bank’s Profit after Tax (PAT) increased 12% to ₦62.9 billion from ₦56.4 billion of which subsidiary contribution increased to 32%, from 15% from the corresponding period. The asset …

Read More »

In his acceptance address, Adesina lauded the Institution as an epitome of academic excellence commended its high standards of discipline. The Afe Babalola University, Ado-Ekiti,  Nigeria, has conferred a Doctor of Letters, Honoris Causa on the President of the African Development Bank (www.AfDB.org), Akinwumi Adesina in recognition of his immense contributions to socio-economic development on the continent. John Olachy Momoh, …

Read More »

A housewife, Sa’adatu Musa, on Monday, begged a Mararaba Upper Area Court, in Nasarawa, to dissolve her marriage to her husband, Dembe for allegedly denying her sex. Sa’adatu told the court that Dembe denies her sex, as he only has sex with her once in four months. She said that as a result of their inconsistent sexual life, she wasn’t …

Read More »

Years after the initial debtors list was released by the Asset Management Corporation of Nigeria (AMCON), the corporation has released the list of delinquent debtors who have failed to meet it at the negotiation table, all 105 of them owing a total of N906.109 billion. Capital Oil and Gas Industries Limited owned by Ifeanyi Ubah, NICON Investments Limited owned by …

Read More »

The Central Bank of Nigeria (CBN) has announced the introduction of Mortgage Guarantee Companies (MGCs), aimed at reducing credit risk in the mortgage finance sector as well as increase access to mortgage loans. The new firms, according to the CBN will operate with minimum capital base of N6 billion and authority to provide full or partial guarantee for residential mortgage …

Read More »

Anger, confusion and apprehension are pervading the top hierarchy of the Nigeria Customs Service after a long-scheduled promotion examination for the next generation of top management personnel was abruptly cancelled after all the 1,164 officers were already gathered at the Abuja headquarters of the Joint Admissions and Matriculation Board (JAMB) at 7 o clock this Monday morning. Officers from the …

Read More »

BudgIT said its attention has been drawn to activities on the advocacy group handle due to the serial tweets of @ToluOgunlesi on a graphic as regards a daily annual average of PMS supply. BudgIT said a few weeks ago, it published a report indicating the jump in NNPC’s PMS supply from an average of 24.1m litres/day in 2015 to 52.7m …

Read More »

The Debt Management Office (DMO) has explained that the federal government opted for Eurobond issuance in its foreign borrowings, instead of cheaper concessional loans from external development institutions, because it needs to access limitless funds. Speaking in an interview with THISDAY, the Director General, DMO, Ms. Patience Oniha, explained that although concessional loans were cheaper, there was a limited amount …

Read More »

Wema Bank Plc, Nigeria’s oldest indigenous bank and pioneer of Africa’s first fully digital bank (ALAT), has announced a 70 percent growth in Profit Before Tax (PBT), from N1.80 billion in third quarter 2017 to N3.07 billion in third quarter ended September 30, 2018. Profit after Tax (PAT) rose by 72.55 percent to N2.64 billion in third quarter 2018 from …

Read More »