Business Money

CIBN tells FG to commit economic diversification

Ihesiulo Grace 29 November 2016 0

The President of the Chartered institute of Banker of Nigeria (CIBN) Professor Segun Ajibola, wants the federal government to show strong commitment to the diversification of the economy from oil  for the country to come out from the recession.   He made this call while speaking at the

Business Money

External reserves rise $642m in 30 days

Ihesiulo Grace 29 November 2016 0

After weeks of consistent and gradual gains, the nation’s external reserves have increased by $642 million to hit a one-month high of $$24.57 billion, the latest data from the Central Bank of Nigeria (CBN) has shown.   The increase now brings the stock of reserves to $24.57 billion as at November 24, up from $23.93 […]

Business Money

Ecobank, NIBSS enhance mobile payment with new solution mCash

Ihesiulo Grace 29 November 2016 0

Ecobank has joined a collaboration between the Nigeria Interbank Settlement Scheme, NIBSS and the four major telecommunications operators (Etisalat, MTN, Airtel and Globacom), to offer a new mobile money payment solution, mCash.   The new mobile payment solution enables easy payments using the mobile phone of account holders. It facilitates low value retail payment

Money

UBA CFO, Finance Team Shine at CFO Awards

Ihesiulo Grace 22 November 2016 0

Pan-African financial services group, United Bank for Africa Plc repeated the outstanding feat, it recorded last year at the 2nd edition of Nigeria CFO awards, with a notch higher when its Group Chief Finance Officer (Group CFO) and the Finance Team bagged the treble at the awards night held on November 19, 2016 at Oriental […]

Headlines Money

Gombe govt workers to get home renovation loan

Ihesiulo Grace 11 October 2016 0

The Gombe State government has perfected plans to begin home renovation loans to its civil servants. To this end, the Head of Gombe civil service Dr. Deniel Mohammed Musa, said the state government has signed a Memorandum of Understanding (MoU) with the Federal Mortgage Bank of Nigeria (FMBN) to provide a platform for home renovation […]

Headlines Money News

Travelers get dollar for N356.

Ihesiulo Grace 7 October 2016 0

Travelex, a global foreign exchange dealer, on Friday resumed sale of dollars directly to travelers at N356 to a dollar. The News Agency of Nigeria (NAN) reports that the firm’s office inside the Murtala Muhammed International Airport, Lagos terminal was besieged by hundreds of travelers. Some Bureau de change operators within the terminal were also […]

Business Economy Headlines Money

JUST IN: Naira stands firm against dollar.

Ihesiulo Grace 5 October 2016 0

Naira stays firm against dollar: The Nigerian Naira on Wednesday, October 5, has remained at N476/$1 in the black market as it was yesterday, October 4. This would leave Naira’s black market value unchanged since it dropped 1 point from N475 to trade at N476 by midday yesterday According to traders, the dollar liquidity remains […]

Economy Headlines Money

FG introduces N25bn loan scheme for transport companies.

Ihesiulo Grace 5 October 2016 0

The Federal Government has set up N25 billion revolving loan scheme for transport companies in the country to access funds for purchase of mass transit vehicles. The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, disclosed this in Abuja on Tuesday at the opening of a two-day national workshop for chief executives of mass […]

Business Economy Money

Recession: European Union advises FG to devalue naira

Ihesiulo Grace 4 October 2016 0

European Union (EU) official Fillippo Amato has advised the Federal Government to devalue the Naira as part of measures to tackle the economic recession. Amato, Counsellor, Head of Trade and Economics Section of EU, made this known in an interview with the News Agency of Nigeria (NAN) on Monday The EU official said that recession […]

Money

Naira hits 310/$1at interbank market

Ihesiulo Grace 22 July 2016 0

The Nigerian currency, naira fell to an all-time low on Thursday, crossing N300 to the dollar for the first time after the Central bank last month lifted its peg on the currency to allow it to trade freely on the interbank market. The naira fell 5.4 percent against the greenback to N310 on dollar supply […]

Money

Stanbic IBTC harps on importance of estate planning

Ihesiulo Grace 7 July 2016 0

To minimise disputes arising from the failure to plan for certainties in life, especially death, Stanbic IBTC Trustees Ltd, a member of the Stanbic IBTC Holdings Plc., has appealed to Nigerians to see estate planning as imperative to peaceful and orderly transfer of assets. Though people generally shy away from the issue of death, this […]