Nigeria’s Senate, on Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). It could be understood that the confirmation of the nominees followed the consideration of a report by the Committee on Banking, Insurance and Other Financial Institutions. The report was laid and presented by […]
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Nigeria’s Aviation Minister, Hadi Sirika, has urged President Muhammadu Buhari to direct the Central Bank of Nigeria to provide foreign exchange for the importation of Jet A1 fuel. The country’s aviation sector is facing a severe crisis, which almost led to the shutdown of operations. Airline operators increased air tickets by 100 percent to N50,000 […]
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Leading Pan-African Payments Company Cellulant and Africa’s global bank, United Bank for Africa (UBA) Plc, have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which UBA operates. These countries include Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, Republic of Benin, Burkina Faso, Cameroon, Chad, Congo, […]
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Finance mogul, Tony Elumelu, has taken to Twitter to lament about the state of the nation. Elumelu highlighted the ineptitude of leaders, despite the vast resources the country is blessed with. He stated that the country has not been able to provide basic amenities to its citizens, thereby leaving them to wallow in poverty. Elumelu […]
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Airlines (local) under the aegis of Airline Operators of Nigeria (AON) have suspended their threat to shut down flight operations over the outrageous hike in the price of Jet – A1 fuel. The Vice President of AON, Mr Allen Onyema, disclosed this in a telephone interview with the News Agency of Nigeria (NAN) on Friday […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited results for the full year ended December 31, 2021, reporting impressive performance in key financial metrics. The 2021 financial result filed by the bank at the Nigerian Stock Exchange (NSE) on March 4, 2022, showed that gross earnings rose significantly to N660.2 […]
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Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2021, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group’s balance sheet remained well structured and resilient with total assets and shareholders’ funds closing FY 2021 […]
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Nigeria accounted for 35% of the over $4billion in funding raised by over 564 start-ups across Africa in 2021. Vice President Yemi Osinbajo made this known on Thursday at the inauguration of the Bankers’ House of the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja. Osinbajo also referenced the rise of Nigerian unicorns in […]
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The House of Representatives Nigeria, has called on the Central Bank of Nigeria (CBN) to put in place stringent measures to regulate and guide the Point of Sale (POS) business Operations in Nigeria. Moving the motion at the plenary on Thursday, Hon. Jimoh Olajide the POS is where customers make payments for products or services […]
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Barring any last-minute changes, a 2,500 barrel per day (bpd) modular refinery, five megawatts power plant, 40-million-scf gas processing facility, and a data centre, among others, will come on stream in Edo state by March 2022 after necessary regulatory certifications from the Nigerian Midstream and Downstream Regulatory Authority (NMDRA). This was the content of a […]
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