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The Central Bank of Nigeria sold N31.94bn ($104.76m) in Treasury bills on Friday in a bid to tighten liquidity in the money market while overnight lending rate fell. Traders said the bank sold N31.52bn of 349-day Treasury bill at 18.59 per cent and N440m of 160-day Treasury bill at 17.98 per cent at an auction on Friday, Reuters reported. The cost of …

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The Acting President, Professor Yemi Osinbajo, has approved the appointment of Mrs Patience Oniha as the new Director General of Debt Management Office (DMO). Minister of Finance Mrs Kemi Adeosun announced the appointment in Abuja, at the weekend. Oniha, who hails from Edo State, takes over from the former Director General, Dr Abraham Nwankwo, who retired after serving for two terms …

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In a recent rating review of Access Bank Plc, Nigeria’s foremost rating agency Agusto & Co, has raised the bank’s rating from “A+” to “Aa-”, with a stable outlook. The upgrade reflects Access Bank’s strong financial profile, resilient profitability levels and solid capital position.  Agusto & Co also recognised Access Bank as an institution of very good financial condition and strong …

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From Left: Dr Kwesi Atta-Krah, Director, Systems and Site Integration, International Institute of Tropical Agriculture, (IITA);  Ade Bajomo, Executive Director, Market Operations and Technology, The Nigerian Stock Exchange (NSE); Kenton Dashiell, Deputy Director General, Partnerships for Delivery, IITA; Hilde Koper, Deputy Director General, Corporate Services, IITA; Dr. Robert Asiedu, Research for Development Director, IITA and Pai Gamde, Ag. Head, Corporate …

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Photo Caption: From Left: Pai Gamde, Ag. Head, Corporate Services Division, The Nigerian Stock Exchange (NSE); Mrs. Margaret Orakwusi, Chairman, Ship Owners Association of Nigeria (SOAN); Oscar N. Onyema, Chief Executive Officer, NSE and Mrs. Betty Anyanwu-Akeredolu, First Lady, Ondo State Government at the 2017 NSE Corporate Challenge at Onikan Stadium Lagos on Saturday. Advertisement

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The banking sector recorded 31,736 fraud cases involving the sum of N16.5bn between January 2014 and December 2016, figures obtained by Maritime First from the Central Bank of Nigeria have revealed. The fraud statistics are contained in the Nigerian Electronic Fraud Report, which was prepared by the Banking and Systems Payment Department of the CBN. The frauds were perpetrated through …

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  Following his fresh investments in automobile and agriculture, the organized labour in the country has commended Alhaji Aliko Dangote, President and the Chief Executive of Dangote Group for promoting investments and creating thousands of direct and indirect youth employments across the country and in Africa. The labour said Dangote’s patriotism remains unparalleled when it comes to investment and that his …

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    Telecommunication giant, Airtel Nigeria, is set to stage the second edition of the sponsorship of digital journalism training for journalists in Nigeria. The training under the aegis of The Journalism Clinic, would like the first edition be facilitated by international digital journalism trainer, Dan Mason. Focus of the 2017 training will be extended to data journalism even as …

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Nigeria last Thursday began yam exports to the United Kingdom with 72 tons of yams in three containers. Minister of Agriculture Audu Ogbe said the matter was tabled at the Federal Executive Council (FEC) meeting on Wednesday as a major milestone in the export market and diversification process. According to the minister, the country would strive to export more yams …

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The Federal Government says it has released the sum of N420.2 million to the Nigeria film industry popularly called Nollywood to improve and support aspiring practitioners. According to a statement issued by the Deputy Director of Information, Federal Ministry of Finance, Mrs Patricia Deworitshe, on Friday in Abuja, the money, which is the second tranche payment will benefit 105 film …

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