All posts by BusinessNews Staff

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  WorldRemit commends CBN for licencing Money Transfers Operarors

  WorldRemit, one of the international money transfer operators (IMTOs) that was registered by the Central Bank of Nigeria (CBN) on Tuesday has commended the banking sector regulator in Nigeria. The CBN licenced WorldRemit and ten other international...

  • Posted September 2, 2016
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  AfDB chief warns Nigeria, others on foreign debt

  The President, African Development Bank, Mr. Akinwumi Adesina, says huge capital is available in Africa. Adesina, therefore, urged the continent’s governments to boost tax revenue and steer clear of international borrowing as the region grappled with its...

  • Posted September 2, 2016
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  Nigeria’s unemployment rate rises to 13.3% – NBS

  The National Bureau of Statistics on Wednesday said the country’s unemployment rate has risen from 12.1 per cent in the first quarter of this year to 13.3 per cent as at the end of the second quarter....

  • Posted September 2, 2016
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  Online fraudsters hit capital market – SEC warns

  The Securities and Exchange Commission has raised the alarm over the activities of some online fraudsters, who are currently running an online investment scheme tagged ‘MMM Federal Republic of Nigeria’. The fraudsters, according to SEC, carry out...

  • Posted September 2, 2016
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  Credit to private sector rises to N21.425tn in Second Quarter

  At N21.425trillion, banking system’s credit to the private sector grew by 13.5 per cent in the second quarter of 2016, compared the previous quarter. The Central Bank of Nigeria (CBN) disclosed this in its second quarter 2016...

  • Posted September 1, 2016
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  NSE Index rises 0.46% as market rebounds on bargain hunting

  The Nigerian equities market rebounded yesterday after opening on a bearish note on Monday. The market, which went down by 0.30 per cent on Monday, appreciated by 0.46 per cent yesterday on bargain hunting in bellwether stocks....

  • Posted September 1, 2016
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  NEXIM Bank, Bauchi move to boost non-oil sectors

  The acting Chief Executive Officer of NEXIM Bank, Mr. Bashir M. Wali, recently met with the Governor of Bauchi State, Mohammed Abdullahi Abubakar on how to explore opportunities in export-oriented investments in agro-processing, solid minerals and solid...

  • Posted September 1, 2016
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  Shareholders contemplate court action to stop unclaimed dividends fund

  Determined to stop the Securities and Exchange Commission (SEC) from moving unclaimed dividends of 12 years to the proposed Nigerian Capital Market Development Fund (NCMDF), some shareholders are planning a court action, THISDAY checks have revealed. The...

  • Posted September 1, 2016
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  External reserves rise by $595m in five days

  The nation’s foreign exchange reserves have increased by $595m to hit a one-month high of $26.196bn, the latest data from the Central Bank of Nigeria have shown. This came on Monday just as the naira traded around...

  • Posted September 1, 2016
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  EFCC to prosecute firms not remitting pensions

  The National Pension Commission on Tuesday said it was engaging the Economic and Financial Crimes Commission to prosecute individuals and companies that had yet to remit the pensions of their employees that were deducted at source. It...

  • Posted August 31, 2016
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