Don't Miss


All posts by BusinessNews Staff

  • External financial flows into Nigeria now N4.38tn

    The Central Bank of Nigeria (CBN) latest External Sector Development Report (ESDR), has revealed that external financial flows to Nigeria has continued to grow with the current transfers amounting to $21.9 billion (N4.38 trillion) in 2014. Remittances...

    • Posted July 21, 2015
    • 0
  • Forex pressure: CBN to intensify use of administrative tools

    As the pressure faced by the naira in the parallel market becomes intense, analysts at Financial Derivatives Company Limited (FDC) have anticipated that the Central Bank of Nigeria (CBN) will increase use of administrative measures in its...

    • Posted July 21, 2015
    • 0
  • NSE pushing Africa’s financial market through technology — Onyema

    The Chief Executive Officer of the Nigerian Stock Exchange, Mr. Oscar Onyema, has said that through technology, “the NSE is presently championing the development of Africa’s financial markets and has become the first West African country member...

    • Posted July 21, 2015
    • 0
  • FCMB improves in KPMG survey

    KPMG, leading international consultancy firm, has recognised First City Monument Bank Limited as the fourth most customer-focused bank in the Small and Medium Enterprises segment with a score of 74.94 per cent. It also rated the lender...

    • Posted July 21, 2015
    • 0
  • Stock market will rebound in third quarter — Capital Bancorp

    The Managing Director and Chief Executive Officer, Capital Bancorp, Mr. Aigboje Higo, says he expects the nation’s stock market to rebound in the third quarter of the year. Higo, who expressed the optimism in an interview with...

    • Posted July 21, 2015
    • 0
  • Mutual Benefits, Truckmaster introduce 48-hour car financing scheme

    A new finance scheme for the purchase of new cars that will be concluded in two days has been introduced in Nigeria, courtesy of Mutual Benefits Assurance Plc and Truckmasters Nigeria Limited. Specifically, the scheme would enable...

    • Posted July 21, 2015
    • 0
  • Kwara set to partner banks for economic prosperity

    Kwara State Governor, Alhaji Abdulfatah Ahmed has said his administration would continue to partner any commercial banks especially in the financing of its economic development programmes. This, he said would go a long way at enhancing the...

    • Posted July 21, 2015
    • 0
  • FG may not revoke idle oil refinery licences

    The Federal Government has no plans to revoke unutilised oil refinery licences given to 17 private operators over 10 years ago, investigation by our correspondent has revealed. It was also learnt that the Department of Petroleum Resources,...

    • Posted July 20, 2015
    • 0
  • Economists warn of higher inflation

    The persistent rise in inflation rate for six successive months in Nigeria calls for a reduction in the Monetary Policy Rate, otherwise called interest rates, economists have advised the Central Bank of Nigeria. According to them, the...

    • Posted July 20, 2015
    • 0
  • Standard Chartered MD, Bola Adesola joins UN Global Compact Board

    The United Nations Secretary-General Ban Ki-moon has announced the appointment of Bola Adesola as a member of the board of the United Nations Global Compact. Launched in July 2000, the United Nations Global Compact is a leadership...

    • Posted July 20, 2015
    • 0