July 25, 2021
  • July 25, 2021

CBN to boost gas production by N10 bln facilities at 5% interest ~New guidelines

by on September 5, 2020 0

By Samuel Bankole The Central Bank of Nigeria (CBN) has set conditions for its intervention in the country’s gas development projects through both manufacturing, distributions and retailing enterprises. In the guidelines released this week, the regulatory bank said it will lend a maximum of N10 billion at 10-year tenor credit to Manufacturers, Processors, Wholesale...

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UBA Teams Up With British Airways To Reward Customers

by on November 7, 2019 0

The United Bank for Africa (UBA) and British Airways on Wednesday announced a partnership that will create incentives and reward their loyal customers who are cardholders of the lender. According to a statement by the two organisations, the incentives based promotion, which will last for six months from November 2019, will ensure that UBA...

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ICAN Delists, Suspends 25,000 Members Over Financial Issues

by on November 6, 2019 0

The Institute of Chartered Accountants of Nigeria has delisted 14,337 non-financial members who are owing the association dues for more than three years effective from November 1, 2019. The professional accountancy body, in a statement signed by its registrar John I. Evbodaghe, said it has also suspended 11,240 members who are owing dues covering...

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How Will The CBN’s OMO Restrictions Impact Markets, Asks United Capital

by on October 30, 2019 0

Recently, the Central Bank of Nigeria (CBN) in a bid to cut borrowing cost and spur real sector investment barred non-banking financial institutions and public (save local banks and foreign investors) from participating in the primary and secondary OMO market. Notably, OMO bills are discretionary liquidity and FX management instrument of the CBN, different...

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Nigeria Plans To Lift 90 Million Out Of Poverty

by on October 28, 2019 0

Nigeria officially admitted that there are 90 million of its citizens living in poverty, but notified its intention to lift them out of their misery, according to the country’s minister of Humanitarian Affairs, Disaster Management and Social Developmenet Sadiya Farouq has said. Farouq said this while presenting the 2020 budget estimates N44.21 billion for...

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