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Finance & Economy - Page 283

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

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Agro-Economy

CBN To Provide 13,000MT Of Seeds To Wheat Producers

CENTRAL Bank of Nigeria (CBN), has promised to intervene and assist wheat farmers in the country out of the challenge of inadequate seeds. Farmers’ researchers and industrialists have also identified poor quality of inputs and inadequate infrastructure as other factors impending

November 5, 2021

Agro-Economy·FEATURES

UNEP 2021 Report Calls For More Funding Commitment To Climate Change Adaptation Effort

…As African Leaders Call For Climate Change Adaptation Finance Assistance From Developed Nations JUST as leaders of countries across the world gather at Glasgow, Scotland to discuss the way forward on tackling the impact of climate change, a new report released

November 4, 2021

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

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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 283

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

CBN To Provide 13,000MT Of Seeds To Wheat Producers

UNEP 2021 Report Calls For More Funding Commitment To Climate Change Adaptation Effort

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

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

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Finance & Economy - Page 283

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