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Finance & Economy - Page 274

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Finance & Economy

CBN Plans To Set Up Finance Centre At Eko Atlantic City In 2022

The Central Bank of Nigeria (CBN) has said it will set up an international financial centre at the Eko Atlantic City by the second quarter of 2022 to attract investors. Godwin Emefiele, the apex bank governor, disclosed this while speaking at the

November 29, 2021

Bank CEOs Meet Over Old Naira Deadline Extension Ahead Of Presidential Election

Finance & Economy·Markets

Basel III: Nigerian Banks To Strengthen Capital Adequacy, Liquidity

The adoption of Basel III would strengthen Nigerian banks’ stressed capital level, improve capital quality (as risk levels are reduced with the exposure restriction) and maintain a strong liquidity position, says investment banking and research group Afrinvest (West) Africa Limited. The firm,

November 29, 2021

Currency·News

FOREX: I&E Dailly Turnover Rises By $210 Million

The average daily foreign exchange (Forex) turnover at the Investors and Exporters (I&E) window is now over $250million, up from $40million in April 2020, representing a $210million increase. Meanwhile, records from the Central Bank of Nigeria (CBN) show that the naira has remained

November 29, 2021

Agro-Economy·Finance & Economy

Harmonise Organic Agriculture Standards To Enhance Regional Trade – Experts Tell ECOWAS

Organic agriculture practice experts say harmonisation of its standards by the 15 ECOWAS member countries will enhance quality trade in certified produce and products in the region. They gave the assurance at the close of the 6th West African conference on organic

November 27, 2021

CBN Defends eNaira, Emphasizes Role In Financial Inclusion

Finance & Economy·News

eNaira Downloads Almost 600,000 In Less Than 4 Weeks- Emefiele

Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), says that in less than four weeks, the eNaira app had witnessed almost 600,000 downloads since its launch in October. Emefiele made the disclosure at the 56th Chartered Institute of Bankers of Nigeria

November 27, 2021

Nigeria Air: Sirika Risks Contempt Of Court Charge - Domestic Airlines

Finance & Economy

Nigeria Air To Begin Operations With Three Rented Planes – FG

The federal government has disclosed that Nigeria Air will commence operations with three wet-leased aircraft. Hadi Sirika, minister of aviation, disclosed this during a press briefing on Thursday, November 25, in Abuja. Sirika said: “They will start with wet-leased aircraft and that’s

November 26, 2021

Finance & Economy

Nigeria’s Oldest Bank, FBN Holdings, Too Big For Individual Ownership

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday said that First Bank, Nigeria’s oldest bank, is too big for individual ownership as well as systemically important . The CBN governor, who spoke at the end of the

November 25, 2021

Nigerian Banks Rely More On Liquidity, As Borrowing From CBN Rises To N19.8trn

Finance & Economy

Nigerian Banks Best Among BRICS Peers In Average ROA, ROE- Afrinvest

….Egypt, Ghana, South Africa Better Capitalized Than Nigerian Banks Despite the heightened macroeconomic vulnerabilities for business operations, Nigerian banks emerged as the best among its BRICS peers with an average Return on Assets (ROA) and Return on Equity (ROE) of 15.9 per

November 25, 2021

Finance & Economy·News

Obasanjo Canvasses Made-in-Africa Brand For Continental Products Pride

The third day of the Intra-African Trade Fair 2021 (IATF2021) ended with a clarion call by former Nigerian President Olusegun Obasanjo for creation of an emblematic Made-in-Africa brand that would promote intra-African trade and boost exports for African products. Speaking during a

November 25, 2021

TECH: Edo Deepens Investments Against Future pandemics, Says Obaseki

Finance & Economy

31 Edo Firms Get BOI’s N2bn MSME Fund

THIRTY-ONE firms in Edo State have received letters to benefit from N2 billion Micro, Small, and Medium Enterprises (MSME) Fund being provided by Federal Government’s Bank of Industry (BOI) in partnership with the Edo State Government. The 31 businesses got the letters

November 25, 2021

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Finance & Economy - Page 274

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

CBN Plans To Set Up Finance Centre At Eko Atlantic City In 2022

Basel III: Nigerian Banks To Strengthen Capital Adequacy, Liquidity

FOREX: I&E Dailly Turnover Rises By $210 Million

Harmonise Organic Agriculture Standards To Enhance Regional Trade – Experts Tell ECOWAS

eNaira Downloads Almost 600,000 In Less Than 4 Weeks- Emefiele

Nigeria Air To Begin Operations With Three Rented Planes – FG

Nigeria’s Oldest Bank, FBN Holdings, Too Big For Individual Ownership

Nigerian Banks Best Among BRICS Peers In Average ROA, ROE- Afrinvest

Obasanjo Canvasses Made-in-Africa Brand For Continental Products Pride

31 Edo Firms Get BOI’s N2bn MSME Fund

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Finance & Economy - Page 274

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