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Finance & Economy - Page 279

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

The Federal Government of Nigeria has begun formal discussions with the International Monetary Fund (IMF) to develop a transparent fuel price modulation framework and strengthen the country’s fiscal resilience amid global energy market volatility. The initiative, spearheaded by the Ministry of Petroleum

November 5, 2025

Finance & Economy

Banks to stop accepting old £20, £50 notes Dec 31

Deposit Money Banks in Nigeria have disclosed that December 31, 2021 is the deadline for the acceptance of old £20 and £50 notes to enable proper conclusion of cash evacuation. Fidelity Bank Plc, in an email to its customers on Wednesday titled

November 4, 2021

Financial Obligations Force MTN Nigeria To Borrow N125bn From Commercial Paper Investors

Finance & Economy

MTN Nigeria Ends Issuance Of N90bn Series II Fixed Rate Bonds

MTN Nigeria Communications Plc (MTN Nigeria) has successfully completed the issuance of its N89,999,000,000 Series II 10-Year 12.75per cent Fixed Rate Bonds due 2031 (“Series II Bond”) under the N200 billion Bond Issuance Programme. The Series II Bond is the second issuance

November 4, 2021

Finance & Economy

FEC Okays N33.8bn for Installation of Baggage Handling, Others at Lagos, Abuja Airports

The Federal Executive Council (FEC) led by Vice President Yemi Osinbajo has approved the sum of N33.8bn for the installation of baggage handling systems, Disabled Aircraft Recovery System and total radar coverage modernisation for the Lagos, Abuja airports and the Nigeria Airspace

November 4, 2021

Finance & Economy·Top Stories

Presco Shareholders Get N1 billion Interim Dividend

Presco Plc has announced an interim dividend of N25 per share, translating to a payout of N1billion. The dividend is subject to appropriate withholding tax and will be paid to the shareholders whose names appear on the register of members as at

November 3, 2021

Transcorp Hotels Records 62% Profit Growth In Impressive Q3 Financials

Finance & Economy

Q3 2021: Transcorp Hotels Records 662% Profit Growth

Transcorp Hotels Plc. owner of Transcorp Hilton Abuja, Transcorp Hotels Calabar and Aura by Transcorp Hotels, has announced its unaudited third quater (Q3) results showing 115 percent growth in revenue year-on-year (YoY) to N14.6 billion and a gross profit growth of 149

November 3, 2021

Agro-Economy·Top Stories

Anchor-Borrowers Scheme: Onion Producers Appeal To CBN For Inclusion

NATIONAL Onion Producers, Processors and Marketers Association of Nigeria (NOPPMAN), has asked that members of the association be added by Central Bank of Nigeria, into the Anchor-borrowers scheme. This request was made by the National President of NOPPMAN, Isah Aliyu while addressing

November 3, 2021

Finance & Economy·Top Stories

Exchange Rate update: Wednesday, November 3, 2021

DATA obtained from the FMDQ Security Exchange where forex is traded officially has shown that the exchange rate between the naira and US dollar opened on Wednesday, November 3, 2021, at N413.76/$1. The Naira fell against the US dollar to close at

November 3, 2021

HE Central Bank of Nigeria (CBN) says Nigerians without Internet-enabled or Android phones will still make transactions on the eNaira platform.

Finance & Economy·Top Stories

eNaira: CBN Plans App For Persons Without Bank Accounts

IN order to ensure that more Nigerians use the country’s newly launched digital currency eNaira, there are signs that the Central Bank of Nigeria (CBN), will soon roll out a phone application for people without bank accounts. The Chief Executive Officer of

November 3, 2021

Finance & Economy·News

World Bank Reveals Startling $3bn Debt Nigeria Government Owe China

A World Bank document has revealed that the Nigerian government as at March 2021, owed the Chinese government a total amount $3.121 billion (N1,126.68 trillion at USD/N361) which are consessional loans that represents only 3.94 percent of Nigeria’s total public debt

November 3, 2021

Finance & Economy·Top Stories

AMCON debts: Banks Begin Freezing Of Benue Govt Accounts

FOLLOWING its failure to repay N333 million loan borrowed in 2008, Deposit Money Banks (DMBs) have started freezing all bank accounts of the Benue State government on the orders of a Federal High Court, Abuja. So far, First City Monument Bank Plc,

November 3, 2021

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Finance & Economy - Page 279

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

Banks to stop accepting old £20, £50 notes Dec 31

MTN Nigeria Ends Issuance Of N90bn Series II Fixed Rate Bonds

FEC Okays N33.8bn for Installation of Baggage Handling, Others at Lagos, Abuja Airports

Presco Shareholders Get N1 billion Interim Dividend

Q3 2021: Transcorp Hotels Records 662% Profit Growth

Anchor-Borrowers Scheme: Onion Producers Appeal To CBN For Inclusion

Exchange Rate update: Wednesday, November 3, 2021

eNaira: CBN Plans App For Persons Without Bank Accounts

World Bank Reveals Startling $3bn Debt Nigeria Government Owe China

AMCON debts: Banks Begin Freezing Of Benue Govt Accounts

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