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Finance & Economy - Page 268

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

Nigeria’s Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, says Africa risks losing billions in potential market value unless oil-producing nations hardwire local content policies into their energy strategies. Speaking at the 4th African Petroleum

November 6, 2025

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Finance & Economy·News

Marginal Boost In Financial System Liquidity To Ease Interbank Rates

There are expectations that a marginal boost in financial system liquidity will ease the interbank offered rate this week. This is just as dealers say Treasury-bills worth N65.03 billion will mature through the primary and secondary markets to exceed T-bills worth N15.03

December 6, 2021

Finance & Economy·News

More Pension Fund Assets Invested In Banks

NEW report on pension fund assets by National Pension Commission (NPC) shows that third quarter (Q3) investments in Local Money Market Securities (LMMS) have more pension fund assets in banks through Open Market Operations and banks’ fixed deposits than in commercial papers.

December 6, 2021

Finance & Economy

eNaira Deepens Financial Inclusion, Says CIBN President

The President of the Chartered Institute of Bankers of Nigeria (CIBN), Dr. Bayo Olugbemi, has commended the introduction of the country’s first digital currency, eNaira, saying it was part of measures to deepen financial inclusion and integrate millions of unbanked Nigerians into

December 6, 2021

Finance & Economy

Banks Write Customers To Submit Forex Requests Online

As the Central Bank of Nigeria (CBN) adopts measures to curb foreign exchange abuses, banks in adherence to the regulator’s directive, have informed their customers that forex requests can be processed online. In the same way, 10 Deposit Money Banks have made

December 6, 2021

Finance & Economy

Global Growth To Record Brisk Pace Of 4.5% In 2022 – OECD

After a rebound of 5.6per cent in 2021, global growth would move along at a brisk pace of 4.5per cent in 2022, moderating to 3.2per cent in 2023, says the Organisation for Economic Co-operation and Development (OECD). In its Economic Outlook, the

December 2, 2021

$471 million Lost To Nigeria’s Naira Devaluation – Airtel Africa Reveals

Finance & Economy

Airtel Africa Plc Completes Airtel Nigeria Minority Buyout Offer

Further to the buyout offer announcement of 4 October 2021, Airtel Africa, a provider of telecommunications and mobile money services with a presence in 14 countries across Africa, on Thursday announced completion of its minority shareholding buyback of Airtel Networks Limited (‘Airtel

December 2, 2021

Currency·Markets

Foreign Exchange Update: Dec. 2, 2021

According to the data at the FMDQ Security Exchange where foreign exchange (forex) is traded officially, exchange rate between the naira and the US dollar opened at N413.94/$1 on Thursday December 2 after it closed at N415.07 to a $1 on Wednesday,

December 2, 2021

Finance & Economy

CBN Hints On How Banks Will Play Critical Roles In Growing Nigerian Economy

The Central Bank of Nigeria has disclosed that commercial banks across the country are to play critical roles in growing the country’s economy. Head, Development Finance Department of the CBN, Aminu Muhammad, an assistant director, made this known on Wednesday while speaking

December 2, 2021

Finance & Economy

Nigerian External Reserves Dropped By $610m In November – CBN

The Central Bank of Nigeria (CBN) on Thursday disclosed that the nation’s external reserves fell by $610m last month. According to the apex bank, the reserves dropped to N$41.22bn as of November 29 from $41.83bn on October 29. The CBN, however, noted

December 2, 2021

Finance & Economy

FIRS Extends Deadline for Waiver Of Interest, Penalties On CIT

The Federal Inland Revenue Service (FIRS) has announced additional and final one-month extension of its waiver for penalties and interest for companies with outstanding 2021 year of assessment (YOA) companies income tax (CIT) returns.

December 2, 2021

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Finance & Economy - Page 268

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

Marginal Boost In Financial System Liquidity To Ease Interbank Rates

More Pension Fund Assets Invested In Banks

eNaira Deepens Financial Inclusion, Says CIBN President

Banks Write Customers To Submit Forex Requests Online

Global Growth To Record Brisk Pace Of 4.5% In 2022 – OECD

Airtel Africa Plc Completes Airtel Nigeria Minority Buyout Offer

Foreign Exchange Update: Dec. 2, 2021

CBN Hints On How Banks Will Play Critical Roles In Growing Nigerian Economy

Nigerian External Reserves Dropped By $610m In November – CBN

FIRS Extends Deadline for Waiver Of Interest, Penalties On CIT

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