New Telegraph
eTranzact International Plc’s rights issue of 4.67 billion ordinary shares of N0.50 each, at N1.50 per share on the basis of ten new ordinary shares for every nine ordinary shares held as at March 25,…
New Telegraph
First Bank of Nigeria Limited is set to reward customers for Verve card usage in its, “Free Fuel Promotion,” the lender has announced. According to a press release, the Free Fuel promo, which is activated…
Abdulahab Isa
Nigerian Export- Import Bank (NEXIM Bank) has clarified that the Central Bank of Nigeria’s (CBN) N50 billon Export Development Fund (EDF) it secured in 2018 has financed 62 projects transacting to total disbursement of N52.9…
Bayo Akomolafe
COMPLAINTS Operators lament huge debts caused by service provider’s inefficiency Customs agents and importers are not happy with Nigeria Customs Service (NCS) and Webb Fontaine over N150 billion debts incurred as a result of…
Bank of America (BOA) has temporarily closed some branches in California and Florida due to a resurgence of the coronavirus in those states. In California, customers trying to withdraw cash or make deposits from BOA…
Tony Chukwunyem
CONFIDENCE The Authority continues to monitor market conditions Despite the increasing uncertainty in the business environment occasioned by the Coronavirus (Covid-19) pandemic crisis, the Nigeria Sovereign Investment Authority (NSIA) has said…
CHRIS UGWU writes
The new SEC management should sustain the implementation of capital market master plan, CHRIS UGWU writes Transactions on stocks and other securities are more complex and volatile than other markets especially after the global…
BAYO AKOMOLAFE reports
Despite the joint border patrol, private warehouses are still filled with foreign rice and other contraband, which government had restricted from coming into the country since August 2019, BAYO AKOMOLAFE reports The closure of…
writes Tony Chukwunyem
Clearly, striving to ensure that the country’s economy is shielded from the devastating impact of the Coronavirus (COVID-19) pandemic, the Central Bank of Nigeria (CBN) is not easing pressure on lenders to increase lending to…
Tony Chukwunyem
CONCERN There are speculations that CBN is trying to curb dollar demand Deposit money banks in the country are getting increasingly jittery over frequent debiting of their accounts by the Central Bank of Nigeria…
